Stock Code: 002246 Stock Abbreviation: Beihua Shares Announcement No.: 2026-037
North Chemical Industries Co., Ltd.
Special Report on the Deposit, Management, and Use of Raised Funds for the First Half of 2026
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
In accordance with the "Regulatory Rules for the Management of Raised Funds of Listed Companies" of the China Securities Regulatory Commission, the "Shenzhen Stock Exchange Listed Company Self-Discipline Supervision Guidelines No. 1 — Standardized Operation of Main Board Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Discipline Supervision Guidelines No. 2 — Announcement Format," North Chemical Industries Co., Ltd. (hereinafter referred to as the "Company") has prepared this special report on the deposit, management, and use of raised funds for the first half of 2026.
I. Basic Information on Raised Funds
(I) Amount of Raised Funds and Arrival Time
Approved by the China Securities Regulatory Commission document "Zheng Jian Xu Ke [2017] No. 1417," the Company issued 36,210,025 RMB ordinary shares (A shares) via private placement on December 29, 2017, at an issue price of 11.57 RMB per share. The total amount of funds raised from this private placement was 418,949,989.25 RMB. After deducting securities underwriting fees (including tax) of 9,000,000.00 RMB and financial advisory fees (including tax) of 5,000,000.00 RMB, the actual net proceeds were 404,949,989.25 RMB.
As of December 29, 2017, the above-mentioned funds raised by the Company had all arrived, which was verified by Ruihua Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" (Ruihua Yan Zi [2018] No. 01300001).
(II) Amount of Raised Funds Used in Previous Years
As of December 31, 2025, the raised funds generated interest income of 75,416,093.92 RMB, with a cumulative usage of 218,713,865.31 RMB for projects and 20,396.51 RMB paid in bank handling fees. The balance of the raised funds was 261,631,821.35 RMB.
(III) Amount of Raised Funds Used in the Current Year and Year-End Balance
As of June 30, 2026, the raised funds generated interest income of 76,252,505.99 RMB, with a cumulative usage of 219,143,066.13 RMB for projects and 20,811.51 RMB paid in bank handling fees. The balance of the raised funds was 262,038,617.60 RMB.
Details of usage and balances are shown in the table below:
(1) Company Raised Funds Income and Expenditure Status
Unit: RMB
| Item | Private Placement Raised Funds |
|---|---|
| Net Raised Funds | 404,949,989.25 |
| Add: Interest Income | 76,252,505.99 |
| Less: Cumulative Project Usage | 219,143,066.13 |
| Including: Prior Replacement | |
| Less: Permanent Replenishment of Working Capital | |
| Less: Temporary Replenishment of Working Capital | |
| Less: Bank Handling Fees | 20,811.51 |
| Ending Balance | 262,038,617.60 |
(2) Status of Raised Funds Storage as of June 30, 2026
| Opening Bank | Bank Account | Project | Account Type | Balance as of June 30, 2026 |
|---|---|---|---|---|
| CCB Luzhou Free Trade Zone Branch | 51050163640800000069 | Gas mask upgrade, activated carbon project, intermediary fees | Special Deposit Account | 14,712.17 |
| CCB Luzhou Free Trade Zone Branch | 51050163640800000069 | Gas mask upgrade, activated carbon project, intermediary fees | Large-denomination Certificate of Deposit | 256,900,000.00 |
| Bank of China Taiyuan Gulou Branch | 145497347624 | Gas mask upgrade project | Special Deposit Account | 26,619.67 |
| CCB Taiyuan Yingxin Street Branch | 14050181570800000053 | 30,000-ton activated carbon project | Special Deposit Account | 5,097,285.76 |
| Total | 262,038,617.60 |