Announcement on the Delay of Certain Fundraising Investment Projects from Initial Public Offering

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, where it reviewed and approved the proposal regarding the delay of certain fundraising investment projects from the initial public offering. The Company agreed to extend the expected operational status date of the "Intelligent Display Technology Park Project (Phase I)" to June 30, 2028.

According to the relevant regulations including the "Shenzhen Stock Exchange Stock Listing Rules," "Regulations on the Supervision of Fundraising by Listed Companies," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board," among others, aside from the aforementioned changes, there are no alterations to the implementation entity, total investment, or construction content of the related fundraising projects, and there is no need to submit this matter for shareholder meeting review. The relevant matters are hereby announced as follows:

1. Basic Situation of Fundraising On February 22, 2022, the China Securities Regulatory Commission issued the approval for Shenzhen Kangguan Technology Co., Ltd.'s initial public offering (Approval No. [2022] 375). The Company was approved to publicly issue no more than 42,487,500 new shares. On March 8, 2022, the Company publicly issued 42,487,500 shares of ordinary shares (A shares) at a par value of RMB 1.00 per share, with 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, deducting issuance-related expenses of RMB 75,120,525.94, resulting in a net fundraising amount of RMB 1,999,968,974.06. The Company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

2. Status of Fundraising Storage and Usage To standardize the storage, usage, and management of the raised funds, improve the efficiency of fund usage, and protect the legitimate rights and interests of investors, the Company has established a "Fundraising Management Method" and opened a special account for managing the storage and usage of the raised funds. As of March 31, 2026, the usage of the raised funds is as follows: