Shenzhen Jinxinno High-Tech Co., Ltd. (hereinafter referred to as "the Company" or "Jinxinno") held the fifth meeting of the fifth board of directors on June 1, 2026, and approved the proposal on the temporary use of part of idle raised funds to supplement working capital. To meet the funding needs for the Company's daily production and operations, improve the efficiency of raised fund utilization, and reduce financial costs, the Company intends to use no more than RMB 150 million (inclusive) of idle raised funds temporarily to supplement working capital related to its main business. The usage period will not exceed 12 months from the date of board approval, and the funds will be returned to the designated account upon maturity. This matter is within the board's approval authority and does not require submission to the shareholders' meeting.
1. Basic Information on Raised Funds
According to the approval from the China Securities Regulatory Commission regarding the issuance of shares to specific targets (Zheng Jian Xu Ke [2026] No. 1055), the Company issued 22,060,119 ordinary shares (A shares) at a price of RMB 12.59 per share, raising a total of RMB 277,736,898.21. After deducting issuance expenses of RMB 3,440,914.17 (excluding tax), the actual net raised funds amounted to RMB 274,295,984.04. The new registered capital and share capital are RMB 22,060,119.00, and the capital reserve is RMB 252,235,865.04. The raised funds were transferred to the Company's designated account on May 19, 2026, and Zhonghui Certified Public Accountants (Special General Partnership) issued a verification report regarding the raised funds (Zhonghui Verification [2026] No. 9984). The Company has managed the raised funds in a dedicated account as required and signed a tripartite supervision agreement with the sponsor and the bank managing the raised funds.
2. Investment Project Situation of Raised Funds
The specific usage plan for the raised funds is as follows:
| Project Name | Total Investment Amount (RMB 10,000) | Proposed Investment Amount (Adjusted) (RMB 10,000) |
|---|---|---|
| Data Center High-Speed Interconnection Product Expansion Project | 29,750.23 | 21,000.00 |
| Supplement Working Capital | 6,773.69 | 6,429.60 |
| Total | 36,523.92 | 27,429.60 |