Huabang Life Health Co., Ltd. Management Measures for Raised Funds (April 2026)
Chapter 1 General Provisions
Article 1 To regulate the management and use of raised funds by Huabang Life Health Co., Ltd. (hereinafter referred to as the "Company"), protect the interests of investors, and in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Supervision Rules for Raised Funds of Listed Companies" (hereinafter referred to as the "Supervision Rules"), "Stock Listing Rules of Shenzhen Stock Exchange" (hereinafter referred to as the "Stock Listing Rules"), "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," "Measures for the Administration of Issuance and Trading of Corporate Bonds," "Shenzhen Stock Exchange Rules for Listing of Corporate Bonds," "Shenzhen Stock Exchange Rules for Listing of Privately Placed Corporate Bonds," and other relevant laws, regulations, and the "Articles of Association of Huabang Life Health Co., Ltd." (hereinafter referred to as the "Articles of Association"), this measure is specially formulated based on the Company's actual situation.
Article 2 This measure applies to the Company's headquarters and all levels of its holding subsidiaries.
Article 3 "Raised funds" as used in this measure refers to funds raised by the Company through the issuance of stocks or other equity-like securities for specific purposes, excluding funds raised for equity incentive plans. "Excess raised funds" as used in this measure refers to the portion where the net amount of actually raised funds exceeds the planned amount of raised funds. The use and information disclosure of raised funds from corporate bonds (including publicly issued and privately placed corporate bonds) shall comply with the relevant provisions of laws and regulations such as the "Measures for the Administration of Issuance and Trading of Corporate Bonds," "Shenzhen Stock Exchange Rules for Listing of Corporate Bonds," and "Shenzhen Stock Exchange Rules for Listing of Privately Placed Corporate Bonds."
Article 4 The Company shall use raised funds prudently, ensure that the use of raised funds is consistent with the commitments in the prospectus or offering circular, and shall not arbitrarily change the purpose of the Company's raised funds without a resolution passed by the Company's shareholders' meeting. The use of raised funds shall be standardized, open, and transparent.
Article 5 The Company's raised funds shall be used for their designated purposes only. The Company's use of raised funds shall comply with national industrial policies and relevant laws and regulations, practice sustainable development concepts, fulfill social responsibilities, and in principle, shall be used to develop the main business, enhance the Company's competitiveness and innovation capabilities, and ensure that raised funds are not used for financial investments or for direct or indirect investment in companies whose main business is trading securities. For the purposes of the "Supervision Rules for Issued Shares, Convertible Corporate Bonds, and Asset Purchases," if there are other regulations regarding the use of raised funds for asset purchases, those regulations shall prevail. The interpretation and application of "financial investments" mentioned in this article shall be in accordance with the "Opinions on the Application of Relevant Provisions of the 'Administrative Measures for Securities Issuance Registration of Listed Companies' Articles 9, 10, 11, 13, 40, 57, and 60 - Securities and Futures Legal Application Opinions No. 18."
Article 6 The Company shall disclose the actual use of raised funds truthfully, accurately, and completely. At the time of the annual audit, the Company shall engage an accounting firm to verify the storage and use of raised funds.
Article 7 If the raised fund investment projects (hereinafter referred to as "investment projects") are implemented through the Company's subsidiaries or other enterprises controlled by the Company, this measure shall apply to such subsidiaries or other enterprises controlled by the Company.