Beijing Baihua Yuebang Technology Co., Ltd.
(Beijing Chaoyang District Futong East Street Building 10, Floor 14 (15) 1401)
2026 Annual Plan for Issuance of Shares to Specific Objects - Argumentation Analysis Report (Revised Draft)
1
Beijing Baihua Yuebang Technology Co., Ltd. (hereinafter referred to as "the Company" or "Bai Bang Technology") is a company listed on the Growth Enterprise Market of the Shenzhen Stock Exchange. To meet the capital needs of the Company's business development, further enhance its capital strength, and improve its profitability, in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for the Registration of Issuance of Shares by Listed Companies," and other relevant laws, regulations, and normative documents and the "Articles of Association," the Company's Board of Directors has compiled the "2026 Annual Plan for Issuance of Shares to Specific Objects - Argumentation Analysis Report (Revised Draft)."
(Unless otherwise specified, the terms used in this report have the same meaning as in the "Beijing Baihua Yuebang Technology Co., Ltd. 2026 Annual Plan for Issuance of Shares to Specific Objects (Revised Draft).")
I. Plan for Use of Raised Funds in This Issuance
The total amount of capital to be raised by the Company through the issuance of shares to specific objects shall not exceed RMB 400,000,000.00 (inclusive). After deducting issuance expenses, the net proceeds from the issuance will be used entirely to supplement working capital.
II. Background and Objectives of This Issuance
(I) Background of This Issuance
The Company focuses on the mobile phone after-sales service industry, combining physical store chain operations with alliance business operations to provide consumers with mobile phone repair services, product sales, value-added services, and other businesses. The Company adheres to a service-oriented approach, supported by professional technology and driven by advanced models, to provide consumers with efficient, professional, and comprehensive services, striving to become a first-class, national, and integrated mobile phone after-sales service provider in China.
Since 2009, the Company has been an authorized after-sales service provider for Apple Inc. for over 16 years. As of December 31, 2025, the Company has 52 directly operated stores and 5 partner stores, covering first and second-tier cities and strong third-tier cities across the country. The Company's alliance business brand, "Lightning Bee," has a business network covering 329 prefecture-level cities nationwide. In 2024, the Company entered platforms such as Douyin, leveraging platform traffic to expand its business through an integrated online and offline model, attracting a large number of potential customers. This entry brings new business growth opportunities for the Company, laying the foundation for a multi-channel integrated development strategy, and helping the Company seize the initiative in market competition and achieve sustainable development. With the rapid development and product iteration of mobile terminals and smartphones in the future, the Company will seize historical opportunities to continuously promote the technological upgrading and innovation of the mobile phone after-sales service industry, enhance the coverage of the marketing service network, and improve the efficiency of the online model, thereby comprehensively improving the Company's overall competitiveness.
- Support from National Industrial Policies Creates a Favorable Macroeconomic Environment for the Industry
To protect consumer rights, stimulate consumption, and promote economic growth, the state has successively formulated relevant industrial policies to regulate and support the mobile phone and after-sales service industry, promoting its healthy and orderly development.