Special Verification Opinion on the Storage and Use of Raised Funds for Hangzhou Yiwan Yichuang Technology Co., Ltd. in 2025
Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "the Sponsor") has conducted a prudent verification of the storage and use of raised funds for Hangzhou Yiwan Yichuang Technology Co., Ltd. (hereinafter referred to as "Yiwan Yichuang" or "the Company") in accordance with relevant regulations including the "Shenzhen Stock Exchange GEM Listing Rules," "Self-Regulatory Guidelines No. 13 for Listed Companies," "Self-Regulatory Guidelines No. 2 for GEM Listed Companies," and "Regulations on the Supervision of Raised Funds by Listed Companies." The specific situation is as follows:
1. Basic Information on Raised Funds
(1) Actual Amount Raised and Timing of Fund Arrival
According to the approval document [2019] No. 1680 from the China Securities Regulatory Commission, the Company publicly issued 20 million ordinary shares (A shares) with a par value of RMB 38.30 per share, raising a total of RMB 766,000,000.00. After deducting various issuance expenses of RMB 76,852,100.00, the actual net amount raised was RMB 689,147,900.00. The arrival of the raised funds was verified by Zhonghui Certified Public Accountants (Special General Partnership), which issued verification report No. [2019] 4610.
According to the approval document [2021] No. 1350 from the China Securities Regulatory Commission, the Company issued 22,310,037 shares of ordinary shares (A shares) to specific targets at a par value of RMB 40.13 per share, raising a total of RMB 895,301,784.81. After deducting various issuance expenses of RMB 7,160,232.71, the actual net amount raised was RMB 888,141,552.10. The arrival of the raised funds was verified by Zhonghui Certified Public Accountants (Special General Partnership), which issued verification report No. [2021] 6370.
(2) Amount Used from Previous Years
- As of December 31, 2024, the Company had not used any raised funds during the reporting period, with a cumulative total of RMB 610,789,589.55 (including income) used. The funds for the "Comprehensive Operation Service Center Construction Project" account have been fully utilized and are in a usable state. The Company will permanently supplement its working capital with the remaining raised funds of RMB 22,874.85, while canceling the corresponding raised funds account.
- As of December 31, 2024, the Company had used RMB 0 from the raised funds from the specific target issuance from January 1, 2024, to December 31, 2024, with a cumulative total of RMB 46,227.90 million used. As of December 31, 2024, the remaining balance of raised funds was RMB 47,238.76 million (including interest income and financial product income).
(3) Amount Used and Year-End Balance for the Current Year
- The usage and balance of the raised funds from the first issuance in September 2019 are as follows: | Item | Amount as of December 31, 2025 | |------|-------------------------------| | Amount of unused raised funds at the beginning of 2025 | 0.00 | | Less: Amount used for investment projects in 2025 | 0 | | Less: Special account handling fees | 0 | | Less: Supplementary working capital (Note) | 0 | | Add: Interest income and financial product income from special account | 0 | | Balance of raised funds account as of December 31, 2025 | 0.00 |
As of December 31, 2025, the raised funds in this account have been fully utilized, and the relevant cancellation procedures have been completed.
- The usage and balance of the raised funds from the directed issuance in July 2021 are as follows: | Item | Amount as of December 31, 2025 | |------|-------------------------------| | Amount of unused raised funds at the beginning of 2025 | 472,387,575.14 | | Less: Amount used for investment projects in 2025 | 25,810,696.83 | | Less: Special account handling fees | 534.54 | | Add: Interest income and financial product income from special account | 19,858,103.31 | | Balance of raised funds account as of December 31, 2025 | 466,434,447.08 |