Kaisha (China) Culture Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On May 29, 2026, the Company held the 23rd meeting of the 8th Board of Directors, which reviewed and approved the proposal on the continued use of part of the idle raised funds to temporarily supplement working capital. The Company agreed to use part of the idle raised funds not exceeding 100 million RMB to temporarily supplement the working capital required for daily operations, with a usage period not exceeding 12 months, and to return the funds to the Company's special storage account for raised funds in a timely manner before maturity or when needed for project investment. The relevant content is hereby announced as follows:
1. Basic Situation of Raised Funds
According to the approval from the China Securities Regulatory Commission on the non-public issuance of shares by Kaisha (China) Culture Co., Ltd. (Approval No. [2020] 3290), the Company issued 142,920,634 shares of common stock to 28 investors at an issuance price of 6.30 RMB per share, raising a total of 900,399,994.20 RMB. After deducting the underwriting fees of 25,483,018.71 RMB (excluding VAT), the actual raised funds amounted to 874,916,975.49 RMB. After deducting other issuance costs of 4,245,969.63 RMB (such as verification fees, legal fees, etc.), the net amount of raised funds was 870,671,005.86 RMB. The raised funds were in place on February 9, 2021, and were verified by Zhitong Accounting Firm (Special General Partnership), which issued verification report No. Zhitong Yan Zi (2021) No. 442C000072. The Company has stored the raised funds in a special account and signed a tripartite supervision agreement for the special account of raised funds with the sponsor and the bank holding the raised funds.
2. Use of Raised Funds
The raised funds from this non-public issuance are intended for investment in the following projects:
| No. | Project Name | Total Investment (10,000 RMB) | Amount of Raised Funds to be Invested (10,000 RMB) |
|---|---|---|---|
| 1 | Game R&D and Operation Project | 81,184.00 | 59,318.00 |
| 2 | Overseas Game Agency Project | 7,672.00 | 6,697.00 |
| 3 | Supplement Working Capital | 24,025.00 | 24,025.00 |
| Total | 112,881.00 | 90,040.00 |