Securities Code: 300792
Securities Abbreviation: Yiwang Yichuang
Announcement Number: 2026-023
Hangzhou Yiwang Yichuang Technology Co., Ltd. (hereinafter referred to as "the Company" or "Yiwang Yichuang") guarantees that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
On March 30, 2026, the Company convened the 12th meeting of the 4th Board of Directors to review and approve the proposal on the use of idle raised funds and idle self-owned funds for cash management. The Company plans to use a total amount not exceeding 500 million RMB (including principal) of idle raised funds and a total amount not exceeding 1.5 billion RMB (including principal) of idle self-owned funds for cash management, ensuring the safety and liquidity of investments while achieving capital preservation and appreciation. The above limits are valid for 12 months from the date of approval by the Company's 2025 annual general meeting. During the validity period of the above limits and resolutions, the funds can be used on a rolling basis. Idle raised funds will be promptly returned to the special account for raised funds upon maturity of cash management. This proposal is subject to review by the 2025 annual general meeting of shareholders.
1. Basic Situation of Raised Funds
According to the approval issued by the China Securities Regulatory Commission regarding the registration of stock issuance to specific objects (Zheng Jian Xu Ke [2021] No. 1350) and with the consent of the Shenzhen Stock Exchange, the Company issued 22,310,037 shares at a price of 40.13 RMB per share, raising a total of 895,301,784.81 RMB. After deducting issuance-related expenses (excluding VAT) of 7,160,232.71 RMB, the actual net raised funds amount to 888,141,552.10 RMB. Zhonghui Certified Public Accountants (Special General Partnership) verified the arrival of the raised funds in the Company's account and issued the "Verification Report of Hangzhou Yiwang Yichuang Technology Co., Ltd." (Zhonghui Verification [2021] No. 6370) on July 29, 2021. The Company has implemented a special account storage system for the raised funds and established relevant special accounts for raised funds. After the raised funds arrived, they were all deposited in the special account approved by the Company's Board of Directors. The Company signed a "Tripartite Supervision Agreement for Special Accounts of Raised Funds" with the sponsor and the commercial bank holding the raised funds. The raised funds, after deducting issuance costs, will be used for the following projects:
| Project Name | Total Investment (10,000 RMB) | Amount of Raised Funds to be Invested (10,000 RMB) |
|---|---|---|
| Content E-commerce Project | 427,565.10 | 427,565.10 |
| Warehousing and Logistics Project | 93,071.50 | 93,071.50 |
| R&D Center and Information Construction Project | 162,004.20 | 121,665.24 |
| Supplementing Working Capital | 253,000.00 | 253,000.00 |
| Total | 935,640.80 | 895,301.84 |
2. Reasons for Temporary Idleness of Raised Funds
Due to the construction and investment cycle required for the raised funds investment projects, some of the raised funds are temporarily idle according to the usage plan. To make reasonable use of the raised funds and improve their efficiency, the Company will manage the temporarily idle raised funds for cash management, investing in high-safety and high-liquidity investment products without affecting the normal progress of the raised funds investment plan.