Announcement on the Cancellation of Some Raised Capital Accounts
The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
I. Basic Situation of Raised Capital in This Instance
Hanwang Technology Co., Ltd. (hereinafter referred to as the "Company" or "Hanwang Technology") was approved by the China Securities Regulatory Commission's "Approval on Hanwang Technology Co., Ltd.'s Non-public Offering of Shares" (Zhengjian Xuke [2020] No. 1911) to issue a total of 27,465,354 new ordinary shares of common stock to specific investors at an issuance price of RMB 20.73 per share. The total amount of raised capital from this non-public offering was RMB 569,356,788.42. After deducting issuance expenses (excluding tax), the net amount of raised capital was RMB 560,977,450.33. The situation of the raised capital being in place was audited by Xinyonghe Certified Public Accountants (Special General Partnership), who issued an audit report with the number XYZH/2020BJAA80056 on December 28, 2020. The Company implemented segregated account storage for the raised capital and signed tripartite or multi-party supervision agreements with the sponsor institution and the banks where the raised capital accounts were opened.