Jiahe Intelligent Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors 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, which permits Jiahe Intelligent Technology Co., Ltd. to issue convertible corporate bonds to unspecified objects, the Company issued 10,040,000 convertible bonds on January 4, 2024, with a face value of RMB 100 each. The total amount raised was RMB 1,004,000,000. 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 "Tianzhi Audit Report [2024] No. 1127," confirming the receipt of the above-raised funds. The Company has stored and managed the raised funds in a special account according to relevant regulations and signed a tripartite supervision agreement with the bank holding the raised funds.
II. Changes in Fundraising Projects
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 Fundraising Projects"), were changed to "Acquisition of All Limited Partnership Interests of BD KG, All Shares of BD GmbH, and Shareholder Loans of BD KG" (hereinafter referred to as "New Fundraising Projects"). The uninvested raised funds of RMB 704,000,000 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 Fundraising Projects. For specific details, please refer to the announcement on the change of fundraising purposes disclosed on August 13, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2025-066).
III. Signing of the Tripartite Supervision Agreement and Opening of Special Fund Accounts
To standardize the management and use of raised funds and protect investors' rights, in accordance with the "Regulations on the Supervision of Fundraising by Listed Companies," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and other laws, regulations, and normative documents, as well as the Company's "Management System for the Use of Raised Funds," the Company, with the approval of the third meeting of the fourth Board of Directors, signed the "Tripartite Supervision Agreement for Raised Funds" with Jiahe Acoustic (Hong Kong) Co., Ltd., the sponsor China Merchants Securities Co., Ltd. (hereinafter referred to as "China Merchants Securities"), and the Dongguan Branch of China CITIC Bank.