Stock Abbreviation: Increase Technology
Stock Code: 300713
Shenzhen Increase Technology Co., Ltd.
Address: 1101, Building E1, TCL Science Park, No. 1001 Zhongshanyuan Road, Xili Street, Nanshan District, Shenzhen
Feasibility Analysis Report on the 2026 Issuance of Shares to Specific Targets
(Second Revised Draft)
August 2026
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 funding needs for the implementation of the Company's business strategy and business development, further enhance the Company's capital strength, optimize capital structure, and improve 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 Issuance by Listed Companies" and other relevant laws, regulations, and normative documents, the Company intends to implement the 2026 issuance of shares to specific targets (hereinafter referred to as the "Issuance"). The total number of shares to be issued to specific targets shall not exceed 47,616,243 shares (inclusive), and the total amount of funds to be raised is expected to not exceed 345.9556 million RMB. The net proceeds after deducting issuance expenses will be used for the following projects:
| No. | Project Name | Total Project Investment | Proposed Proceeds Investment |
|---|---|---|---|
| 1 | Intelligent high-frequency switching power supply system production project | 14,942.79 | 11,945.51 |
| 2 | Intelligent high-frequency switching power supply module production line automation and technical upgrade project | 5,497.38 | 5,235.60 |
| 3 | Marketing network and information system construction project | 5,247.43 | 2,753.15 |
| 4 | Intelligent high-frequency switching power supply system R&D center project | 4,600.36 | 4,381.30 |
| 5 | Supplementing working capital | 10,280.00 | 10,280.00 |
| Total | 40,567.96 | 34,595.56 |
Before the proceeds from this issuance are in place, the Company may use self-raised funds to make advance investments based on the actual progress of the projects, and replace the self-raised funds with the proceeds after they are in place. The proceeds from this issuance do not include funds invested before the Board of Directors' resolution. After the proceeds are in place, there will be no situation of replacing funds already invested before the Board of Directors' resolution. If the actual net proceeds after deducting issuance expenses are less than the proposed total investment amount, the Company will adjust and finally decide on the specific investment projects, sequence, and specific investment amounts for each project based on the actual amount of proceeds and the urgency of the projects within the scope of the investment projects, and the shortfall will be covered by the Company's self-raised funds.
I. Background and Purpose of the Issuance
(I) Background of the Issuance
- Deepening the "Dual Carbon" strategy to support the expansion of demand for charging pile power equipment
With the comprehensive promotion of "Dual Carbon," new energy vehicles, as the core carrier for achieving carbon peaking and carbon neutrality goals, have become an important engine for national energy transformation and green and low-carbon development in the transportation sector. As the infrastructure of the new energy vehicle industry, charging piles are the key guarantee for supporting the implementation of the dual carbon goals. In this context, the national level continues to strengthen top-level design, providing systematic policy support for charging piles and supporting the expansion of demand for charging pile power equipment. The major policies in the field of new energy vehicles and charging infrastructure in the past 5 years are as follows: