Announcement on Signing the Tripartite Supervision Agreement for Raised Funds
Jiahe Intelligent Technology Co., Ltd. and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Basic Information on Raised Funds
According to the approval from the China Securities Regulatory Commission (CSRC) document [2023] No. 182, Jiahe Intelligent Technology Co., Ltd. (hereinafter referred to as "the Company") issued 10,040,000 convertible bonds to unspecified objects on January 4, 2024, with a face value of RMB 100 per bond. The total amount raised was RMB 1,004,000,000, and after deducting related issuance costs of RMB 10,088,444.39 (excluding tax), the actual net amount raised was RMB 993,911,555.61. Tianzhi International Accounting Firm (Special General Partnership) audited and issued the "Verification Report" (Tian Zhi Ye Zi [2024] No. 1127) confirming the receipt of the raised funds. The Company has managed the raised funds in a special account as per relevant regulations and signed a tripartite supervision agreement with the bank holding the raised funds.
II. Changes in Fund Usage
On August 12, 2025, the Company held the 27th meeting of the third board of directors, and on August 29, 2025, it held the first bondholders' meeting for "Jiahe Convertible Bonds" and the first extraordinary shareholders' meeting of 2025, where it approved the proposal to change the use of raised funds. The original projects, including "Annual Production of 5 Million Bone Conduction Headphones," "Annual Production of 9 Million Smart Watches," and "Annual Production of 4.5 Million Smart Glasses" (collectively referred to as "Original Investment Projects"), were changed to "Acquisition of All Limited Partnership Interests in BD KG, All Shares of BD GmbH, and Shareholder Loans from BD KG" (hereinafter referred to as "New Investment Projects"). The unutilized raised funds of RMB 70,400,000 and their interest income and financial management income (specific amounts to be determined based on the actual balance of the project special account at the time of transfer) will be used for the New Investment Projects. For details, please refer to the announcement on the change of fund usage disclosed on August 13, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2025-066).