Eastcompeace Technology Co., Ltd.
Announcement on Using Part of Idle Raised Funds to Temporarily Supplement Working Capital
The company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Eastcompeace Technology Co., Ltd. (hereinafter referred to as the "Company") held the 15th meeting of the 8th Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on Using Part of Idle Raised Funds to Temporarily Supplement Working Capital." It was agreed that the Company would use idle raised funds not exceeding RMB 300 million to temporarily supplement working capital, with a usage period not exceeding 12 months from the date of deliberation and approval by the Board of Directors. The relevant matters are hereby announced as follows:
I. Basic Situation of Raised Funds
According to the "Approval on the Approval of Eastcompeace Technology Co., Ltd.'s Additional Issuance" (Zhengjian Permit [2018] No. 1749) issued by the China Securities Regulatory Commission, based on a total share capital of 346,325,336 shares, the Company allocated 103,897,600 ordinary shares (A shares) to all shareholders registered as of February 19, 2019, at a ratio of 3 shares for every 10 shares, with an issuance price of RMB 4.04 per share. Based on the actual subscription situation, 100,160,748 new shares were ultimately allocated, with a total raised capital of RMB 404,649,421.92. After deducting issuance expenses of RMB 9,353,102.05, the net amount of raised capital from this additional issuance is RMB 395,296,319.87. The arrival of the aforementioned raised funds was audited by Zhongsen Zhonghuan Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" (Zhonghuan Verification Letter [2019] No. 020004).