The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Basic Information on Fundraising
According to the approval from the China Securities Regulatory Commission regarding the public issuance of convertible bonds by Xiangxin Technology Co., Ltd. (Approval No. [2020] 2620), the company publicly issued convertible bonds with a total face value of RMB 647,005,400.00, raising a total of RMB 647,005,400.00. After deducting issuance costs (excluding tax) of RMB 10,689,532.57, the actual net amount raised is RMB 636,315,867.43. Tianheng Accounting Firm (Special General Partnership) verified the arrival of these funds and issued the "Verification Report No. [2020] 00145" on December 7, 2020, confirming the arrival of the above funds. The company has stored the raised funds in a dedicated account to ensure that the funds are used specifically for their intended purpose and has signed a "Three-party Supervision Agreement" with the sponsor and the bank holding the raised funds, strictly adhering to regulations for the use of the raised funds.