Announcement on the Temporary Use of Part of Idle Raised Funds to Supplement Working Capital
Shenzhen Kangguan Technology Co., Ltd. (hereinafter referred to as "the Company") held the eighth meeting of the third board of directors on April 29, 2026, and approved the proposal on the temporary use of part of the idle raised funds to supplement working capital. The Company agrees to use no more than RMB 250 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months from the date of board approval. The above amount can be used on a rolling basis within the validity period of the resolution. The relevant matters are announced as follows:
1. Basic Situation of Raised Funds
On February 22, 2022, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shares by Shenzhen Kangguan Technology Co., Ltd." (Zheng Jian Xu Ke [2022] No. 375), approving the Company to publicly issue no more than 42,487,500 new shares. The Company publicly issued 42,487,500 RMB ordinary shares (A shares) on March 8, 2022, through a combination of offline inquiries to qualified investors and online pricing issuance to public investors holding non-restricted A shares and non-restricted depository receipts in the Shenzhen market, with a par value of RMB 1.00 per share and an issuance price of RMB 48.84 per share. As of March 14, 2022, the Company raised a total of RMB 2,075,089,500.00, and after deducting issuance-related expenses of RMB 75,120,525.94, the actual net amount raised was RMB 1,999,968,974.06. The raised funds were fully received on March 14, 2022, and verified by the audit report "Dahua Verification [2022] No. 000145" issued by Dahua Certified Public Accountants (Special General Partnership).
2. Previous Temporary Supplement of Working Capital
The Company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions. On April 28, 2025, the Company held the twenty-seventh meeting of the second board of directors and the twenty-sixth meeting of the second supervisory board, approving the proposal to use no more than RMB 500 million of idle raised funds for temporary working capital, with a usage period not exceeding 12 months from the date of the approval of the twenty-seventh meeting of the second board of directors. As of April 22, 2026, the Company has returned all the aforementioned raised funds used for temporary working capital to the special account for raised funds.
3. Use of Raised Funds
As of March 31, 2026, the usage of raised funds is as follows: