I. Opening of New Special Account for Raised Funds
Zhejiang Precision Integrated Technology Co., Ltd. (hereinafter referred to as the "Company") held the 14th meeting of the 9th Board of Directors on December 18, 2025, and the first extraordinary general meeting of shareholders in 2026 on January 6, 2026. The meetings approved the proposal to change part of the use of raised funds and add new investment projects and implementation entities, agreeing to reallocate 250 million RMB from the "Intelligent Manufacturing Construction Project for Carbon Fiber and Composite Material Equipment" to fund the new investment project "Intelligent Manufacturing Base Project for Precision Composites." The new investment project will be implemented by the Company's wholly-owned subsidiary, Precision (Wuhan) Composite Materials Co., Ltd. (hereinafter referred to as "Precision Wuhan Composites"). The Company will increase its capital in Precision Wuhan Composites by 250 million RMB. After the capital increase, the registered capital of Precision Wuhan Composites will increase from 50 million RMB to 300 million RMB, and it will remain a wholly-owned subsidiary of the Company after equity penetration. Details of the above matters were published in the Securities Times and on the Giant Tide Information Network (http://www.cninfo.com.cn) on December 20, 2025, January 7, 2026, and January 22, 2026, under announcements numbered 2025-056, 2025-058, and 2026-002, respectively. Recently, Precision Wuhan Composites has opened a new special account for raised funds in accordance with relevant laws and regulations, and the Company has transferred 250 million RMB to this special account on January 20, 2026. The details of the new special account for raised funds are as follows:
| Account Name | Opening Bank | Special Account Number | Balance of Raised Funds (10,000 RMB) | Purpose of Raised Funds |
|---|---|---|---|---|
| Precision (Wuhan) Composite Materials Co., Ltd. | Shanghai Pudong Development Bank Co., Ltd. Shaoxing Branch | 85040078801200000496 | 2500 | To implement the new investment project—Intelligent Manufacturing Base Project for Precision Composites |
II. Signing of the Four-Party Supervision Agreement for the Special Account for Raised Funds
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 major omissions.