Securities Code: 002291 Securities Abbreviation: Yaowang Technology Announcement No.: 2026-020 Guangdong Yaowang Technology Group Co., Ltd. Special Report on the Status of Raised Funds in 2025 The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without any false records, misleading statements, or significant omissions.
I. Basic Situation of Raised Funds Upon approval by the China Securities Regulatory Commission (Document No. Zhengjian Faxing [2021] 1987) and with the consent of the Shenzhen Stock Exchange, the Company publicly issued 166.037692 million ordinary shares (A shares) on September 16, 2021, underwritten and sponsored by Shenwan Hongyuan Securities Co., Ltd. The par value per share is RMB 1, and the issue price per share is RMB 17.90. As of September 24, 2021, the Company had raised a total of RMB 2,920,820,799.77, after deducting issuance expenses of RMB 51,253,887.03, resulting in net raised funds of RMB 2,920,820,799.77. As of September 24, 2021, the raised funds had all been received. The funds were verified and confirmed by a capital verification report (No. Dahua Yan Zi [2021] 000666) issued by Dahua Certified Public Accountants (Special General Partnership). As of December 31, 2025, the Company had cumulatively invested RMB 1,951,947,552.79 in raised fund projects. Of this amount, RMB 180,350,391.11 was invested by the Company using its own funds prior to the receipt of raised funds. From September 24, 2021, to December 31, 2025, RMB 1,771,597,161.68 of raised funds were used. The amount of raised funds used in the current year was RMB 62,956,901.03. The Company permanently supplemented RMB 224,814,379.82 of surplus raised funds from the "Social E-commerce Ecosystem Construction Project" to working capital. The Company permanently supplemented RMB 486,842,174.24 of unused raised funds from the "YOWANT Digital Marketing Cloud Platform Construction Project" to working capital. The Company permanently supplemented RMB 257,552,187.48 of unused raised funds from the "Innovative Technology Research Institute Construction Project" to working capital. As of December 31, 2025, the balance of raised funds was RMB 0.00.
II. Management of Raised Funds To standardize the management and use of raised funds and protect investors' rights and interests, the Company has formulated the "Guangdong Yaowang Technology Group Co., Ltd. Raised Funds Management System" (hereinafter referred to as the "Management System") in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Supervision Rules for Listed Company Raised Funds," the "Listing Rules of the Shenzhen Stock Exchange," and the "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and in conjunction with the Company's actual situation.