Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "Sponsor") as the sponsor of Luxshare Technology Co., Ltd. (hereinafter referred to as "the Company" or "the Issuer") for its private offering of shares, in accordance with the "Supervisory Rules for the Management of Raised Funds of Listed Companies," "Shenzhen Stock Exchange Listing Rules No. 1 - Main Board Listed Company Normative Operation," and other relevant regulations, has prudently reviewed the matter of the Issuer terminating part of its fundraising projects and using the remaining raised funds to permanently supplement working capital. The situation and verification opinion are as follows:
I. Basic Situation of the Company's Raised Funds
As approved by the China Securities Regulatory Commission in its "Approval on Approving Luxshare Technology Co., Ltd.'s Private Offering of Shares" (Zhengjian Permit [2022] No. 1132) dated May 31, 2022, the Company issued 319,334,577 ordinary shares (A shares) to specific investors at an offering price of 8.04 yuan/share, with a total raised fund of 2,567,449,999.08 yuan. After deducting issuance expenses, the net raised fund is RMB 2,512,526,098.54. The above raised funds were received on June 30, 2022, and verified by the "Capital Verification Report" (Zhitong Yan Zi [2022] No. 332C000373) issued by Zhitong Certified Public Accountants (Special General Partnership).
II. Situation of Raised Fund Investment Projects and Fund Usage
As of May 31, 2026, the usage of raised funds from the Company's private offering of shares in 2021 is as follows:
| Serial No. | Project Name | Planned Raised Fund Investment (RMB million) | Cumulative Raised Fund Investment (RMB million) | Remaining Amount (excluding deposit interest and cash management income) (RMB million) |
|---|---|---|---|---|
| 1 | Third Generation Semiconductor (Silicon Carbide) Industrial Park Project | 99,000.00 | 14,122.08 | 84,877.92 |
| 2 | R&D Center Project for Large Diameter Silicon Carbide Wafer | 44,507.61 | 7,642.59 | 36,865.02 |
| 3 | Supplementation of Working Capital (including changes to some fundraising projects) | 107,745.00 | 107,745.00 | - |
| Total | 251,252.61 | 129,509.68 | 121,742.93 |
Note: The amount for supplementing working capital as of May 31, 2026, includes the adjustment of the planned investment for the "Third Generation Semiconductor (Silicon Carbide) Industrial Park Project" from 194,000.00 million yuan to 99,000.00 million yuan in February 2026, and the amount of 95,000.00 million yuan from the reduction of the raised funds for the aforementioned fundraising project used for permanent supplementation of working capital.
As of May 31, 2026, the Company has cumulatively used 129,509.68 million yuan of raised funds, with a remaining balance of 121,742.93 million yuan (excluding deposit interest and cash management income). The final amount is subject to the balance when the raised funds are transferred out of the special account.