Guangdong Tuosida Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On February 25, 2026, the Company held the 31st meeting of the 4th Board of Directors, where it reviewed and approved the proposal on the use of part of the temporarily idle raised funds for cash management. This decision aims to improve the efficiency of idle raised funds and increase the Company's returns while ensuring that it does not affect the construction of investment projects, normal production and operation, and the safety of funds. The Company agreed that the implementing entities of the convertible bond project, wholly-owned subsidiary Dongguan Tuosida Technology Co., Ltd. (hereinafter referred to as "Tuosida Technology"), Dongguan Tuosida Technology Co., Ltd. Dalingshan Branch (hereinafter referred to as "Tuosida Technology Dalingshan Branch"), and Dongguan Tuosida Technology Co., Ltd. Tianjin Branch (hereinafter referred to as "Tuosida Technology Tianjin Branch") can use a maximum amount not exceeding RMB 230 million of temporarily idle raised funds for cash management. The validity period is effective for one year from the date of the Board's approval, and the funds can be used in a revolving manner within the above limits and time frame.
At the same time, the Board of Directors authorized the Company's legal representative or the authorized agent designated by the legal representative to be responsible for the specific organization and implementation within the approved limits and to sign relevant contracts and legal documents.
According to the "Regulations on the Supervision of Raised Funds by Listed Companies," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," "Shenzhen Stock Exchange Listed Companies Self-Regulatory Guidelines No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," and the "Management System for Raised Funds of Guangdong Tuosida Technology Co., Ltd." (hereinafter referred to as "Management System for Raised Funds"), this matter does not need to be submitted to the shareholders' meeting for review after being approved by the Board of Directors.
1. Basic Situation of Raised Funds
The Company publicly issued 6.7 million convertible bonds with a face value of RMB 100 each on March 10, 2021, approved by the Shenzhen Stock Exchange Growth Enterprise Market Listing Committee at its 62nd review meeting in 2020 and by the China Securities Regulatory Commission (CSRC) with the approval document (Zheng Jian Xu Ke [2021] No. 435). The total issuance amount was RMB 670 million, and after deducting issuance costs of RMB 14,836,792.45, the actual net raised funds amounted to RMB 655,163,207.55. The accounting firm Lixin Certified Public Accountants (Special General Partnership) verified the funds received from the public issuance of convertible bonds on March 16, 2021, and issued the verification report (Report No. [2021] ZI10054). The Company has implemented a special account storage system for the raised funds.
On December 5, 2025, and December 24, 2025, the Company held the 28th meeting of the 4th Board of Directors and the 5th extraordinary shareholders' meeting of 2025, respectively, where it reviewed and approved the proposal on the completion of investment projects and the allocation of surplus raised funds to new projects and permanent replenishment of working capital. The Company agreed to conclude the investment project "Intelligent Manufacturing Overall Solution R&D and Industrialization Project" funded by the raised funds from the issuance of convertible bonds to unspecified objects in 2021 and to allocate a total of RMB 283.4181 million of surplus raised funds as of November 30, 2025, to new investment projects and permanently supplement the working capital of wholly-owned subsidiary Dongguan Tuosida Technology Co., Ltd.