Shenzhen Increase Technology Co., Ltd. (hereinafter referred to as "the Company" or "Increase Technology") is a company listed on the Shenzhen Stock Exchange. To meet the capital needs for the implementation of the Company's strategic goals and business development, further enhance the Company's capital strength, and optimize its capital structure and profitability, in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," and the "Administrative Measures for the Registration of Securities Issuances by Listed Companies," the Company plans to implement a private placement of shares to specific objects in 2026 (hereinafter referred to as "this issuance"). The total number of shares to be issued to specific objects shall not exceed 47,616,243 shares (inclusive), and the total amount of capital to be raised shall not exceed RMB 368.3996 million. After deducting issuance expenses, the net proceeds from this issuance will be used for the following projects:
| Item | Project Name | Total Project Investment | Proposed Capital Raised |
|---|---|---|---|
| 1 | Intelligent High-Frequency Switching Power Supply System Production Project | 14,942.79 | 11,945.51 |
| 2 | Intelligent High-Frequency Switching Power Module Production Line Automation and Technology Upgrade Project | 5,497.38 | 5,235.60 |
| 3 | Marketing Network and Informatization Construction Project | 5,247.43 | 4,997.55 |
| 4 | Intelligent High-Frequency Switching Power Supply System R&D Center Project | 4,600.36 | 4,381.30 |
| 5 | Supplementary Working Capital | 10,280.00 | 10,280.00 |
| Total | 40,567.96 | 36,839.96 |
Before the capital raised from this issuance is in place, the Company may use its own funds to invest in the projects based on their actual progress and will use the raised capital to replace the self-raised funds after they are in place. The capital raised does not include funds invested before the Board of Directors' resolution. After the capital is raised, there will be no reimbursement for funds invested before the Board of Directors' resolution. After the capital is raised, if the net proceeds after deducting issuance expenses are less than the total proposed investment amount, the Company will adjust and finally determine the specific investment projects, order, and investment amounts for each project within the scope of the investment projects of this issuance based on the actual amount of capital raised and the urgency of the projects. The shortfall will be covered by the Company's own funds.
I. Background and Objectives of This Issuance
(I) Background of This Issuance
- Deepening of the "Dual Carbon" Strategy Supports the Expansion of Demand for Charging Pile Power Supply Equipment
With the comprehensive promotion of the "Dual Carbon" strategy, new energy vehicles have become the core carrier for achieving carbon peaking and carbon neutrality goals. Their large-scale development has become an important engine for national energy transformation and green and low-carbon development in the transportation sector. Charging piles, as infrastructure for the new energy vehicle industry, are a key guarantee for achieving the "Dual Carbon" goals. Against this backdrop, national-level top-level design continues to be strengthened, providing systematic policy support for charging piles and supporting the expansion of demand for charging pile power supply equipment. The main policies in the field of new energy vehicles and charging infrastructure in the past five years are as follows: