Special Report on the Storage, Management, and Use of Raised Funds for 2025
Beijing Wanjitech Co., Ltd. (hereinafter referred to as "Wanjitech," "the Company," or "we") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
According to the "Regulations on the Supervision of Raised Funds by Listed Companies" issued by the China Securities Regulatory Commission and the "Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies" by the Shenzhen Stock Exchange, the Board of Directors of Beijing Wanjitech Co., Ltd. presents the special report on the storage, management, and use of raised funds for the year 2025 (hereinafter referred to as "the reporting period") as follows:
1. Basic Information on Raised Funds
With the approval of the China Securities Regulatory Commission regarding the registration of stock issuance to specific targets (Zheng Jian Xu Ke [2021] No. 178), the Company issued 15,232,292 ordinary shares at a price of RMB 26.26 per share, raising a total of RMB 399,999,987.92. After deducting issuance costs of RMB 8,528,301.72 (excluding tax), the net amount raised was RMB 391,471,686.20. All raised funds were deposited into a special account for management on December 14, 2021, and this was verified by Xinyong Zhonghe Accounting Firm (Special General Partnership), which issued a "Verification Report" (XYZH/2021BJAA110957) on December 16, 2021.
From January 1, 2025, to December 31, 2025, the Company invested RMB 17,943,500 in projects funded by the raised funds. As of December 31, 2025, a total of RMB 325,497,500 had been used, leaving a balance of RMB 65,974,200 in unutilized raised funds. The balance in the special account for raised funds was RMB 72,692,400. The difference between the balance in the special account and the unutilized raised funds is RMB 6,718,200, which is due to net interest income and investment returns from the raised funds account.
2. Storage and Management of Raised Funds
To standardize the management of raised funds, improve their utilization efficiency, and effectively protect investors' rights, the Company implements special account storage for raised funds in accordance with relevant laws, regulations, and the Company's "Management Measures for Raised Funds." The Company signed a "Tripartite Supervision Agreement" and a supplementary agreement with Bank of Beijing Co., Ltd. Shandi Branch and the sponsor Northeast Securities Co., Ltd. on January 12, 2022, and May 23, 2022, respectively, to strictly manage the raised funds. The rights and obligations of all parties are clearly defined. There are no significant differences between the supervision agreement and the Shenzhen Stock Exchange's model agreement, and there are no issues with the implementation of the agreement. The specific signing situation of the "Tripartite Supervision Agreement" and the initial deposit in the special account for raised funds are shown in the table below:
| Bank Name | Bank Account | Signing Date | Special Account Deposit Amount |
|---|---|---|---|
| Bank of Beijing Co., Ltd. Shandi Branch | 20000008667300066618617 | January 12, 2022 | 393,882,648.68 |
| Total | 393,882,648.68 |
Note: The total amount raised is RMB 399,999,987.92, and after deducting issuance costs of RMB 8,528,301.72 (excluding tax), the net amount raised is RMB 391,471,686.20.
As of December 31, 2025, the specific situation of the raised funds special account is as follows:
| Bank Name | Bank Account | Balance |
|---|---|---|
| Bank of Beijing Co., Ltd. Shandi Branch | 20000008667300066618617 | 72,692,380.65 |
| Total | 72,692,380.65 |