Hangzhou Changchuan Technology Co., Ltd. Special Report on the Storage and Use of Raised Funds in 2025
According to the "Supervision Rules for the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10) and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Normative Operation of the ChiNext Market" (Revised in [2025]) (Shenzhen Stock Exchange [2025] No. 481), this report details the storage, management, and use of the company's raised funds in 2025.
I. Basic Situation of Raised Funds
(I) Raised Funds from Issuance of Shares to Specific Objects in August 2021
- Amount of Raised Funds and Time of Receipt
According to the "Approval of the China Securities Regulatory Commission on Hangzhou Changchuan Technology Co., Ltd. Issuing Shares to Specific Objects" (Securities Regulatory License [2021] No. 516), the company, through Huatai Securities Co., Ltd. as the underwriter, issued 8,126,775 ordinary shares (A shares) to specific objects at an issue price of RMB 45.75 per share, raising a total of RMB 371,800,000. After deducting underwriting and sponsorship fees of RMB 7,093,900 (including tax), the raised funds were RMB 364,706,000. This amount was remitted to the company's special account for raised funds by the lead underwriter Huatai Securities Co., Ltd. on August 2, 2021. After further deducting external expenses directly related to the issuance of equity securities, such as online issuance fees, prospectus printing fees, audit fees, legal fees, and appraisal fees, amounting to RMB 2,649,200 (excluding tax), the net amount of raised funds for this issuance was RMB 362,458,400. The receipt of these raised funds was verified by Tianjian Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" (Tianjian Verification [2021] No. 438).
- Use and Balance of Raised Funds
Amount Unit: RMB Ten Thousand Yuan
| Item | Serial Number | Amount |
|---|---|---|
| Net amount of raised funds | A | 36,245.84 |
| Project investment | B1 | 33,225.46 |
| Cumulative amount as of the beginning of the period | Net interest income | B2 |
| Net amount of raised funds for temporary working capital replenishment | B3 | 3,223.10 |
| Item | Serial Number | Amount |
|---|---|---|
| Project investment | C1 | 3,223.17 |
| Net interest income | C2 | 0.08 |
| Amount of raised funds for temporary working capital replenishment in the current period | C3 | 0.00 |
| Amount of raised funds repaid for temporary working capital replenishment in the current period | C4 | 3,223.10 |
| Funds transferred for supplementing working capital from completed projects | C5 | 0.01 |
| Project investment | D1=B1+C1 | 36,448.63 |
| Net interest income | D2=B2+C2 | 202.80 |
| Net amount of raised funds for temporary working capital replenishment as of the end of the period | D3=B3+C3-C4 | 0.00 |
| Funds transferred for supplementing working capital from completed projects | D4=C5 | 0.01 |
| Raised funds to be settled | E=A-D1-D2-D3-D4 | 0.00 |
| Actual balance of raised funds | F | 0.00 |
| Difference | G=E-F | 0.00 |
(II) Raised Funds from Issuance of Shares to Specific Objects in August 2023