Special Report on the Annual Storage, Management, and Use of Raised Funds for 2025
Meirui New Materials Co., Ltd. (hereinafter referred to as "the Company" or "this Company") and all directors and senior management personnel guarantee that the report content is true, accurate, and complete, and bear responsibility for any false records, misleading statements, or significant omissions in the report.
1. Basic Situation of Raised Funds
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Actual Amount of Raised Funds and Timing of Fund Arrival
Approved by the China Securities Regulatory Commission in the "Approval of Meirui New Materials Co., Ltd. for Issuing Stocks to Specific Objects" (Zheng Jian Xu Ke [2025] No. 343) and with the consent of the Shenzhen Stock Exchange, the Company issued 13,698,824 shares of ordinary shares (A shares) at a price of RMB 14.38 per share through a competitive issuance method by the lead underwriter, Zhongde Securities Co., Ltd. As of March 14, 2025, the Company raised a total of RMB 196,989,089.12 by issuing 13,698,824 shares of ordinary shares to specific objects through a simplified procedure. After deducting the underwriting and unpaid sponsorship fees (excluding VAT) of RMB 1,084,133.96, the remaining raised funds amounted to RMB 195,904,955.16. As of March 14, 2025, these funds were transferred to the Company's special fund accounts opened at the Yantai Development Zone Branch of Bank of Communications (account number 376899991013000492521) and the Yantai Free Trade Zone Branch of Bank of China (account number 213053131007). The amount transferred to the Bank of Communications was RMB 138,498,503.04, and the amount transferred to the Bank of China was RMB 57,406,452.12. After deducting the paid portion of sponsorship fees, legal fees, audit verification fees, securities registration fees, stamp duty, and handling fees totaling RMB 788,531.36 (excluding VAT), the actual net amount of raised funds was RMB 195,116,423.80, of which RMB 13,698,824.00 was included in the share capital and RMB 181,417,599.80 was included in the capital reserve (share premium). After this issuance of shares to specific objects, the Company's registered capital was RMB 427,887,627.00. The arrival of the above raised funds was verified by Hexin Accounting Firm (Special General Partnership), which issued the verification report No. 000008 (2025) on March 14, 2025. After the funds were received, the Company stored them in the special fund accounts. -
Amount and Balance of Raised Funds Used in 2025
During the reporting period, the above-mentioned special fund accounts were used for project expenditures of RMB 51,781,633.73, paid handling fees of RMB 1,678.13, received deposit interest income of RMB 10,064.68, and received investment income from principal-protected financial products of RMB 1,917,063.48. As of December 31, 2025, the balance of temporarily idle raised funds for cash management that had not yet matured was RMB 90,000,000, and the balance of the raised funds account was RMB 55,322,356.38. The specific details are as follows:
| Project | Raised Funds Special Account Activity | Amount (RMB 10,000) |
|---|---|---|
| Raised funds deposited in special account (note) | 19,590.50 | 19,590.50 |
| Less: Self-raised funds replacing invested project funds | 3,174.66 | 3,174.66 |
| Less: Self-raised funds replacing prepaid issuance expenses | 44.34 | 44.34 |
| Directly invested project funds | 2,003.51 | 2,003.51 |
| Issuance-related expenses | 28.30 | 28.30 |
| Supplementary working capital project input | - | - |
| Purchase of financial products with idle raised funds | 69,400.00 | 69,400.00 |
| Handling fees | 0.17 | 0.17 |
| Plus: Return after maturity of financial products | 60,400.00 | 60,400.00 |
| Financial product income | 191.71 | 191.71 |
| Interest income | 1.01 | 1.01 |
| Balance of raised funds account (2025.12.31) | 5,532.24 |