Zhejiang Southeast Steel Structure Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
On March 10, 2026, the Company held the 30th meeting of the 8th Board of Directors, where it reviewed and approved the proposal on the completion of fundraising projects and the permanent supplementation of working capital with surplus funds. All fundraising projects related to the convertible bonds issued to unspecified objects in 2024 (hereinafter referred to as "fundraising projects") have been completed and are in a usable state. The Company has decided to conclude these fundraising projects and, to improve the efficiency of fund utilization and reduce financial costs, intends to permanently supplement working capital with surplus funds amounting to RMB 47.34 million (the actual amount will be based on the balance of the special account on the day of transfer). According to the relevant regulations of the "Shenzhen Stock Exchange Stock Listing Rules," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Main Board Listed Companies," and "Regulations on the Supervision of Fundraising by Listed Companies," the above matters need to be submitted to the shareholders' meeting for review. The relevant matters are hereby announced as follows:
1. Basic Situation of Fundraising
With the approval of the China Securities Regulatory Commission regarding the registration of the issuance of convertible bonds to unspecified objects (Zheng Jian Xu Ke [2023] No. 1845), the Company issued 20 million convertible bonds at a par value of RMB 100 each on January 3, 2024, raising a total of RMB 200 million. After deducting various issuance expenses (excluding VAT) of RMB 13,768,519.87, the actual net amount raised was RMB 1,986,231,480.13. The above fundraising was fully received on January 9, 2024, and Tianjian Certified Public Accountants (Special General Partnership) conducted an audit of the fundraising status and issued a verification report (Tianjian Yan [2024] No. 15) on January 10, 2024. The Company has stored the above fundraising in a special account and signed a "Tripartite Supervision Agreement on Fundraising Special Accounts" with the sponsor and relevant banks.
2. Management of Fundraising
(1) Management of Fundraising
To standardize the management and use of fundraising, improve the efficiency and effectiveness of fund utilization, and protect the rights and interests of investors, the Company has formulated the "Fundraising Management System of Zhejiang Southeast Steel Structure Co., Ltd." (hereinafter referred to as "Fundraising Management System") in accordance with the relevant laws, regulations, and normative documents, combined with the actual situation of the Company. The Company strictly implements the provisions of the Fundraising Management System, storing the fundraising in a special account at the bank and signing a "Tripartite Supervision Agreement on Fundraising" with the sponsor and commercial banks, clarifying the rights and obligations of all parties.
(2) Status of Fundraising Special Accounts
As of February 27, 2026, the Company has 5 fundraising special accounts, with the following status:
| Bank | Account Number | Fundraising Balance | Remarks |
|---|---|---|---|
| CITIC Bank Co., Ltd. Hangzhou Xiaoshan Branch | 8110801012902772408 | 16,357.28 | Amount includes interest |
| Industrial and Commercial Bank of China Xiaoshan Branch | 1202090129901216524 | 15,353.10 | Amount includes interest |
| Agricultural Bank of China Xiaoshan Branch | 19080201040084706 | 10,577.76 | Amount includes interest |
| Bank of China Xiaoshan Branch | 383183531299 | 5,050.00 | Amount includes interest |
| China Construction Bank Hangzhou Xiaoshan Branch | 33050161702700002755 | 1.41 | Amount includes interest |
| Total | 47,339.56 |