Special Report on the Use of Previous Raised Funds

Guangzhou Guanghe Technology Co., Ltd. Special Report on the Use of Previous Raised Funds

In accordance with the relevant provisions of the "Guiding Opinions on the Regulation of Information Disclosure by Listed Companies - Issuance Category No. 7" issued by the China Securities Regulatory Commission, Guangzhou Guanghe Technology Co., Ltd. (hereinafter referred to as the "Company") hereby reports on the use of funds raised in its previous offering as of May 31, 2026:

I. Information on Previous Raised Funds

(I) Amount of Previous Raised Funds and Time of Capital Arrival

With the approval of the "Approval on the Registration of Guangzhou Guanghe Technology Co., Ltd.'s Initial Public Offering of RMB Ordinary Shares" (Securities Regulatory License [2023] No. 2182) by the China Securities Regulatory Commission, and the "Notice on the Listing of Guangzhou Guanghe Technology Co., Ltd.'s RMB Ordinary Shares" (Shenzhen Stock Exchange [2024] No. 239) by the Shenzhen Stock Exchange, the Company was approved to publicly issue 42.30 million RMB ordinary shares (A shares). The par value of each RMB ordinary share in this offering was RMB 1.00, and the offering price was RMB 17.43 per share. The total amount of funds raised in this offering was RMB 737,289,000.00. After deducting the tax-exclusive issuance expenses of RMB 83,830,482.69, the net amount of funds actually raised was RMB 653,458,517.31.

The funds raised were received on March 28, 2024. ZhiTong Certified Public Accountants (Special General Partnership) has audited the arrival of the aforementioned raised funds and issued the "Capital Verification Report" (ZhiTong Verification Letter [2024] No. 441C000092) on March 28, 2024. The Company has implemented a special account management system for the raised funds.

(II) Storage and Management of Previous Raised Funds

1. Use and Management of Previous Raised Funds

In accordance with the requirements of the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Norms for Operations of Main Board Listed Companies," and the "Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" (Supervisory Guideline No. 2), and combined with the Company's actual situation, the "Guangzhou Guanghe Technology Co., Ltd. Raised Funds Management System (Draft)" (hereinafter referred to as the "Management System") was revised. The Management System stipulates a special account storage system for raised funds, and regulates the storage, use, project implementation management, and supervision of changes and use of investment projects for raised funds. This Management System was reviewed and revised at the First Extraordinary General Meeting of Shareholders in 2025 held on May 16, 2025. It will take effect from the date when the Company's overseas listed shares (H shares) are listed on the Hong Kong Stock Exchange.

The Company and its sponsor, Guolian Minsheng Securities Underwriting and Sponsorship Co., Ltd. (hereinafter referred to as "Minsheng Securities"), have signed "Three-Party Custody Agreements for Raised Funds" with HSBC Bank (China) Co., Ltd. Guangzhou Branch, Industrial Bank Co., Ltd. Guangzhou Dongshan Sub-branch, and China Merchants Bank Co., Ltd. Guangzhou Development Zone Sub-branch, respectively. The Company, its investment project implementation subsidiary Huangshi Guanghe Precision Circuit Co., Ltd., and sponsor Minsheng Securities have signed a "Four-Party Custody Agreement for Raised Funds" with DBS Bank (China) Limited Guangzhou Branch. The Company manages the raised funds in accordance with the "Management System," with special account storage, dedicated use, strict management, and truthful disclosure.

As of May 31, 2026, the use of raised funds is as follows: