Announcement on the Dilution of Immediate Returns from the 2026 Stock Issuance to Specific Targets

Announcement on the Dilution of Immediate Returns from the 2026 Stock Issuance to Specific Targets

Shenzhen Dawi Innovation Technology Co., Ltd. (hereinafter referred to as "the Company") held the 32nd meeting of the sixth board of directors on March 9, 2026, where it reviewed and approved the proposal regarding the dilution of immediate returns from the stock issuance to specific targets for 2026 and related proposals. In accordance with the requirements of relevant normative documents, including the "Opinions on Further Strengthening the Protection of the Legal Rights and Interests of Small and Medium Investors in the Capital Market" (Guo Ban Fa [2013] No. 110), the "Several Opinions on Further Promoting the Healthy Development of the Capital Market" (Guo Fa [2014] No. 17), and the "Guidance on Matters Related to the Dilution of Immediate Returns in Initial Public Offerings, Refinancing, and Major Asset Restructuring" (China Securities Regulatory Commission [2015] No. 31), the Company has analyzed the impact of this issuance on immediate returns and provided risk warnings to protect the interests of the Company and small and medium investors. The Company has also revised specific compensation measures and received commitments from relevant parties to ensure the implementation of these measures. The specific details are as follows:

I. Impact of This Issuance on the Company's Main Financial Indicators

(1) Basic Assumptions

The Company has analyzed the impact of the stock issuance on immediate returns based on the following assumptions. These assumptions do not constitute any forecasts or commitments, and the Company will not bear any liability for losses incurred by investors based on these assumptions. The actual issuance plan and completion time will be subject to the actual situation after approval by the China Securities Regulatory Commission (CSRC). The specific assumptions are as follows:

1. No significant changes in the macroeconomic environment, industrial policies, or industry development status.
2. The Company is assumed to complete the issuance by the end of June 2026; this completion time is only for calculating the impact on immediate returns and will be subject to the actual issuance time approved by the CSRC.
3. The total amount raised from this issuance is assumed to be 108.5 million yuan, excluding the impact of issuance costs. The actual amount raised will be determined based on the CSRC's approval and issuance conditions.
4. The number of shares issued is assumed to be at the upper limit, i.e., 71.25 million shares; this number is only for calculating the impact on immediate returns, and the final number will be based on the actual number of shares issued after CSRC approval.
5. The impact of the raised funds on the Company's operations and financial status (such as operating income, financial expenses, investment income) is not considered.
6. The total share capital before this issuance is based on 237.4849 million shares (as of December 31, 2025), considering only the impact of this issuance and not other factors affecting share capital.
7. The net profit attributable to shareholders of the listed company for 2025 is -15.6218 million yuan, and the net profit attributable to shareholders after deducting non-recurring gains and losses is -9.3707 million yuan. Based on this data, three scenarios are calculated for the net profit attributable to shareholders of the listed company for 2026: maintaining the same level, a 10% increase in losses, and a 10% decrease in losses.
8. The impact of future profit distribution or capital reserve transfers on share capital is not considered.
9. Basic earnings per share and diluted earnings per share are calculated according to the relevant provisions of the "Rules for the Disclosure of Information by Companies Issuing Securities No. 9 - Calculation and Disclosure of Return on Net Assets and Earnings per Share" (revised in 2010).