Special Report on the Storage and Actual Use of Raised Funds
Securities Code: 300352
Securities Abbreviation: Beixin Source
Announcement Number: 2026-020
Beijing Beixin Source Software Co., Ltd. Special Report on the Storage and Actual Use of Raised Funds (Year 2025)
I. Basic Information on Raised Funds
(1) Actual Amount Raised and Receipt Time
According to the approval from the China Securities Regulatory Commission (CSRC) [2016] No. 987 regarding the non-public issuance of shares by Beijing Beixin Source Software Co., Ltd., and with the consent of the Shenzhen Stock Exchange, the company issued 66.5 million ordinary shares (A shares) at a price of RMB 18.98 per share. The total amount raised was RMB 1,262.17 million. After deducting underwriting fees, sponsorship fees, verification fees, legal fees, and other issuance costs totaling RMB 25,299,060.00, the actual net amount raised was RMB 1,236,870,940.00. The raised funds were transferred to the company's special account on October 31, 2016, and were verified by Zhongxi Accounting Firm (Special General Partnership), which issued a verification report on November 1, 2016 (Zhongxi Verification No. [2016] 0414).
(2) Amount Used in Previous Years, Amount Used This Year, and Current Balance
- Amount Used in Previous Years
As of December 31, 2024, the cumulative investment of raised funds was RMB 1,188,048,319.55, with an unused amount of RMB 147,107,244.12, and a balance in the special account of RMB 2,107,244.12. - Amount Used in 2025 and Current Balance
From January to December 2025, the company directly invested RMB 8,196,909.31 of the raised funds into the fundraising projects. As of December 31, 2025, the cumulative investment of raised funds was RMB 1,196,245,228.86, with an unused amount of RMB 139,024,447.38, and a balance in the special account of RMB 9,024,447.38 (including interest and financial management income from bank deposits, after deducting bank fees). The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
II. Management and Storage of Raised Funds
(1) Management of Raised Funds
According to the company's plan for the non-public issuance of A shares, the raised funds are primarily invested in the next-generation Internet security aggregation channel project and the Beixin Source (Nanjing) R&D operation base project. To standardize the management and use of raised funds and protect the interests of investors, the company has established a "Management System for Raised Funds" in accordance with relevant laws and regulations, including the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Shenzhen Stock Exchange GEM Listing Rules, and the Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange. According to the management system, the company implements special account storage for raised funds. On November 10, 2016, the company signed a "Tripartite Supervision Agreement on Raised Funds" with China Merchants Bank Co., Ltd. Beijing Shuangyushu Branch and Anxin Securities Co., Ltd. regarding the receipt, storage, verification, transfer of raised funds, and the next-generation Internet security aggregation channel project.
Given that the implementation entity for the Beixin Source (Nanjing) R&D operation base project is the company's wholly-owned subsidiary Jiangsu Shenzhou Xinyuan System Engineering Co., Ltd., the company held the 18th temporary meeting of the second board of directors and the fourth temporary shareholders' meeting on November 28 and December 20, 2016, respectively, where it approved the proposal to use part of the raised funds to increase capital and provide loans to the wholly-owned subsidiary. The company agreed to increase capital by RMB 100,000,000.00 to Jiangsu Shenzhou Xinyuan System Engineering Co., Ltd. and provide a loan of RMB 502,059,298.75 for the implementation of the "Beixin Source (Nanjing) R&D operation base project." The company signed a "Quadripartite Supervision Agreement on Raised Funds" with Jiangsu Shenzhou Xinyuan System Engineering Co., Ltd., China Merchants Bank Co., Ltd. Nanjing New City Technology Park Branch, and the sponsor Anxin Securities Co., Ltd.