The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement and assume joint and several liability for any false representations, misleading statements, or material omissions.
The company (hereinafter referred to as "the Company" or "Tuowei Information") held the eighth meeting of the ninth board of directors on August 7, 2026, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management." The proposal allows the Company and its subsidiaries to use no more than RMB 26,000,000,000 of temporarily idle raised funds for cash management, provided that the construction and normal use of the raised funds projects are not affected. The term of use shall not exceed 12 months from the date of approval by the board of directors. Within this limit, the funds can be used on a revolving basis. The specific details are as follows:
I. Overview of Raised Funds
As approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") in the "Approval on the Non-public Offering of Shares by Tuowei Information Co., Ltd." (Zhengjian Permit [2020] No. 2400), Tuowei Information Co., Ltd. (hereinafter referred to as "the Company") issued 147,250,800 ordinary shares (A shares) through a non-public offering at an issue price of RMB 6.22 per share. The total raised funds amounted to RMB 915,899,976.00. After deducting issuance expenses (excluding tax) of RMB 9,051,197.99, the net raised funds amounted to RMB 906,848,778.01. These raised funds were transferred to the Company's designated account on September 10, 2021, and were audited by ZhiTong Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report of Tuowei Information Co., Ltd." (ZhiTong Yan Zi [2021] No. 110C000630).
II. Status of Raised Funds Investment Projects
As of June 30, 2026, a total of RMB 70,207.99 million of raised funds had been invested. The remaining unused amount is RMB 20,476.90 million. The amount in the special account for raised funds is RMB 26,028.08 million, of which the principal of the raised funds is RMB 20,476.90 million, and the net interest income from the special account after deducting fees is RMB 5,551.18 million. The utilization of raised funds for each project is as follows: