Stock Code: 300881 Bond Code: 123270 Stock Abbreviation: Shengde Xintai Bond Abbreviation: Shengde Convertible Bond Announcement No.: 2026-040 Shengde Xintai New Material Co., Ltd. Announcement on Signing of the Tripartite Supervisory Agreement for Raised Funds The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Basic Situation of Raised Funds According to the "Approval on the Registration of the Issuance of Convertible Corporate Bonds by Shengde Xintai New Material Co., Ltd. to Unspecified Targets" (Document No. Zhengjian Xu Ke [2026] No. 952) issued by the China Securities Regulatory Commission, Shengde Xintai New Material Co., Ltd. (hereinafter referred to as the "Company") issued 4,050,968 convertible corporate bonds to unspecified targets, with a face value of RMB 100 per bond, totaling RMB 405,096,800.00. After deducting the underwriting and issuance fees (excluding VAT) of RMB 4,050,968.00, the actual amount of raised funds from the public offering of convertible bonds is RMB 401,045,832.00. During this issuance process, the issuance expenses (excluding input VAT) such as underwriting and issuance fees, legal fees, and credit rating fees amounted to RMB 6,404,633.96 in total. After deducting the tax-exclusive issuance expenses from the total raised funds, the net amount of raised funds from this issuance is RMB 398,692,166.04. These raised funds were deposited into the Company's designated account on June 5, 2026, and the arrival of the funds was audited by Certified Public Accountants (Special General Partnership) Tianye, who issued the "Capital Verification Report" (Su Gong W [2026] B053). To regulate the management and use of the raised funds and protect the legitimate rights and interests of investors, the Company has placed the raised funds in a special account for raised funds management and has signed the "Tripartite Supervisory Agreement for Raised Funds" with the sponsor and the bank where the raised funds are deposited.
II. Opening of Special Accounts for Raised Funds and Signing of the "Tripartite Supervisory Agreement for Raised Funds" The Company held the 21st meeting of the Third Board of Directors on May 27, 2026, and deliberated and approved the "Proposal on Opening Special Accounts for Raised Funds and Signing Supervisory Agreements for Raised Funds." To regulate the Company's management, storage, and use of raised funds and to effectively protect investors' rights and interests, in accordance with the "Supervisory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" and the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Normative Operation of GEM Listed Companies," and the authorization from the Company's second extraordinary general meeting of shareholders in 2025, the Company will open special accounts for raised funds and sign corresponding tripartite supervisory agreements for raised funds with the intended opening banks and the sponsor (lead underwriter) of this issuance to supervise the storage and use of the raised funds. The Company's Board of Directors has authorized the Company's Chairman or their designated authorized representative to handle the opening of special accounts for raised funds, the signing of tripartite supervisory agreements for raised funds, and other related matters. As of the disclosure date, the status of the Company's special accounts for raised funds and their balances is as follows: