Xiangxin Technology Co., Ltd.
Special Report on the Status of Raised Funds Storage and Use for 2025
In accordance with the "Supervision Rules for the Raising of Funds by Listed Companies" issued by the China Securities Regulatory Commission and the "Self-Regulatory Guidelines for the Operation of Main Board Listed Companies No. 1" issued by the Shenzhen Stock Exchange, this report details the status of the company's raised funds storage and use for 2025.
I. Basic情况 of Raised Funds
(I) Amount of Raised Funds and Capital Arrival Status
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Public Offering of Convertible Corporate Bonds in 2020 Approved by the China Securities Regulatory Commission's Approval for the Public Offering of Convertible Corporate Bonds [2020] No. 2620, the company issued convertible corporate bonds with a total face value of RMB 647,005,400.00, with a term of 6 years. Each convertible corporate bond has a face value of RMB 100, and the issuance volume was 6,470,054 shares, with a total face value of RMB 647,005,400.00. According to verification, as of December 7, 2020, the total raised funds from the company's public offering of convertible corporate bonds amounted to RMB 647,005,400.00. After deducting issuance expenses (excluding tax) of RMB 10,689,532.57, the net amount of raised funds was RMB 636,315,867.43. Tianheng Certified Public Accountants (Special General Partnership) audited this capital arrival status and issued the "Capital Verification Report" Tianheng Yan Zi [2020] No. 00145 on December 7, 2020, to verify and confirm the arrival of the raised funds.
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Private Placement of A-Share Ordinary Shares to Specific Objects in 2022 Approved by the China Securities Regulatory Commission's Approval for the Registration of Private Placement of Shares to Specific Objects by Xiangxin Technology Co., Ltd. [2023] No. 1591, the company issued 26,000,000 A-share ordinary shares to specific objects, with a par value of RMB 1.00 per share and a placement price of RMB 33.69 per share, raising a total of RMB 875,940,000.00. According to verification, as of April 9, 2024, the company has issued 26,000,000 A-share ordinary shares to specific objects, raising a total of RMB 875,940,000.00. After deducting relevant issuance expenses (excluding VAT) of RMB 12,852,796.20, the net amount of raised funds was RMB 863,087,203.80. Tianheng Certified Public Accountants (Special General Partnership) audited this capital arrival status and issued the "Capital Verification Report" Tianheng Yan Zi [2024] No. 00024 on April 10, 2024, to verify and confirm the arrival of the raised funds.
(II) Status of Raised Funds Usage and Balance
- Public Offering of Convertible Corporate Bonds in 2020
| Item | Amount (RMB) |
|---|---|
| Net raised funds | 636,315,867.43 |
| Add: Accumulated interest income from raised funds (net of fees) | 5,686,138.80 |
| Add: Wealth management product income | 29,884,652.47 |
| Add: Redeemed wealth management products | 5,701,000,000.00 |
| Less: Purchased wealth management products | 5,796,000,000.00 |
| Less: Accumulated use of raised funds | 431,521,849.74 |
| Of which: Accumulated use of raised funds for investment projects in previous years | 243,299,842.59 |
| Permanent replenishment of working capital in previous years | 108,000,000.00 |
| Use of raised funds for investment projects in the current year | 80,222,007.15 |
| Permanent replenishment of working capital in the current year | |
| Add: Self-funded funds pre-invested in investment projects not yet replaced in the current year | 118,036,796.64 |
| Less: Temporary replenishment of working capital in the current year | |
| Balance of raised funds in special accounts as of December 31, 2025 | 27,328,012.32 |
- Private Placement of A-Share Ordinary Shares to Specific Objects in 2022