- Wuxi Xian Dao Intelligent Equipment Co., Ltd. Board of Directors Special Report on the Annual Storage, Management, and Use of Raised Funds
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. According to the China Securities Regulatory Commission's "Regulations on the Supervision of Raised Funds by Listed Companies," the Shenzhen Stock Exchange's "Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies," and relevant announcement format regulations, the report on the storage, management, and usage of raised funds for the year 2025 is as follows:
I. Basic Situation of Raised Funds
(1) Situation of Raised Funds from the Public Issuance of Convertible Bonds in 2019
Approved by the China Securities Regulatory Commission on November 29, 2019, under the document "Approval of Wuxi Xian Dao Intelligent Equipment Co., Ltd. for Public Issuance of Convertible Bonds" (Zheng Jian Xu Ke [2019] No. 2309), the company publicly issued convertible bonds with a total face value of RMB 1,000,000,000.00, with a term of 6 years. The total amount of funds raised from this public issuance of convertible bonds was RMB 1,000,000,000.00. The underwriting fee for this fundraising was RMB 9,000,000.00, and other issuance costs totaled RMB 1,731,367.34. The input tax amount for the underwriting fee and other issuance costs was RMB 605,094.34. The actual net amount of raised funds after deducting the non-taxable underwriting fees and other non-taxable issuance costs was RMB 989,873,727.00. The funds were received on December 17, 2019, and the situation of the raised funds has been verified by Tianzhi International Accounting Firm (Special General Partnership), which issued verification report Tian Zhi Ye Zi [2019] No. 38412.
(2) Situation of Raised Funds from the Issuance of Shares to Specific Objects in 2020
According to the China Securities Regulatory Commission's approval document "Approval of Wuxi Xian Dao Intelligent Equipment Co., Ltd. for Issuing Shares to Specific Objects" (Zheng Jian Xu Ke [2021] No. 1424) and with the consent of the Shenzhen Stock Exchange, the company issued 111,856,823 shares of RMB ordinary shares (A shares) at an issue price of RMB 22.35 per share, raising a total of RMB 2,499,999,994.05. The underwriting fee for this fundraising was RMB 10,000,000.00, and other issuance costs totaled RMB 3,077,356.10. The input tax amount for the underwriting fee and other issuance costs was RMB 738,016.05. The actual net amount of raised funds after deducting the non-taxable underwriting fees and other non-taxable issuance costs was RMB 2,487,660,654.00. The funds were received on June 10, 2021, and the situation of the raised funds has been verified by Tianzhi International Accounting Firm (Special General Partnership), which issued verification report Tian Zhi Ye Zi [2021] No. 33267.
(3) Amount Used This Year and Year-End Balance
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Funds Raised from the Public Issuance of Convertible Bonds in 2019 As of December 31, 2025, the company has cumulatively used RMB 941,765.50 thousand of the raised funds, with no usage this year. The balance of the special account for raised funds as of December 31, 2025, is RMB 59,958.70 thousand, with a discrepancy of RMB 11,850.50 thousand compared to the actual net amount of raised funds of RMB 989,873.73 thousand, which is due to the net amount of cumulative interest income from the raised funds after deducting bank fees.
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Funds Raised from the Issuance of Shares to Specific Objects in 2020 As of December 31, 2025, the company has cumulatively used RMB 2,428,645.30 thousand of the raised funds, with RMB 3,260.71 thousand used this year, all invested in the projects funded by the raised funds. The balance of the special account for raised funds as of December 31, 2025, is RMB 105,464.24 thousand, with a discrepancy of RMB 46,448.80 thousand compared to the actual net amount of raised funds of RMB 248,766.07 thousand, which is due to the net amount of cumulative interest income from the raised funds after deducting bank fees.