Shenzhen Xinyuan Material Technology Co., Ltd.
Board of Directors
Announcement No.: 2026-017
The company and all members of the board guarantee that the content of this information disclosure 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 relevant provisions of the Shenzhen Stock Exchange's "Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies" and "Announcement Format Guidelines for GEM Listed Companies," the following is the report on the storage, management, and use of raised funds for the year 2025 by Shenzhen Xinyuan Material Technology Co., Ltd. (hereinafter referred to as "the Company"):
1. Basic Situation of Raised Funds
(1) Actual Amount Raised and Time of Receipt
- Fundraising through the issuance of shares to specific targets in 2021
Approved by the China Securities Regulatory Commission document [2022] No. 891 and agreed by the Shenzhen Stock Exchange, the Company issued 125,673,249 shares to specific targets, raising a total of RMB 3,499,999,984.65. After deducting issuance costs of RMB 21,376,087.52 (excluding tax), the actual net amount raised was RMB 3,478,623,897.13. The above funds were fully received on July 13, 2022. The net amount raised has been verified by the accounting firm, Zhitong CPA (Special General Partnership), in the verification report No. [2022] 440C000398.
(2) Usage and Balance of Raised Funds
- As of December 31, 2025, the Company has cumulatively used RMB 360,512.29 million of the raised funds (including project expenditures of RMB 360,506.20 million and bank fees of RMB 6.09 million). After the funds were received, a total of RMB 11.58 million was paid in issuance costs, with cumulative interest income from settlement banks totaling RMB 16.03 million and cumulative financial management interest income of RMB 121.63 million, resulting in cumulative exchange losses of RMB 11.06 million. As of December 31, 2025, the balance in the special account for raised funds was RMB 106,200, with no temporary liquidity support and no financial management.
2. Storage and Management of Raised Funds
(1) Management of Raised Funds
To standardize the management and use of raised funds and protect investors' rights, the Company has formulated the "Management System for Raised Funds of Shenzhen Xinyuan Material Technology Co., Ltd." (hereinafter referred to as "the Management System") in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" and the "Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies," combined with the actual situation of the Company. This system clearly stipulates the storage, approval, use, management, and supervision of raised funds to ensure their standardized use.
The Company has approved the establishment of special accounts for raised funds at various banks, including Industrial and Commercial Bank of China Shenzhen Yantian Branch, China Construction Bank Shenzhen Tianbei Branch, China Minsheng Bank Shenzhen Branch, Ningbo Bank Shenzhen Branch, Ping An Bank Shenzhen Branch, Shanghai Pudong Development Bank Shenzhen Branch, and others. The Company, its wholly-owned subsidiary Xinyuan Material (Nantong) New Material Technology Co., Ltd. (hereinafter referred to as "Nantong Xinyuan"), the sponsor CITIC Securities Co., Ltd., and relevant account-opening banks have signed a raised funds supervision agreement.
As of December 31, 2025, the storage situation of raised funds is as follows: