Mars Man Kitchenware Co., Ltd. (hereinafter referred to as "the Company") held the sixth meeting of the fourth board of directors on April 21, 2026, where it reviewed and approved the proposal regarding the postponement of fundraising projects for issuing convertible bonds to unspecified objects. The Company agreed to adjust the expected usable status date of the fundraising investment project "Smart Kitchen Appliance Production Base Construction Project" to June 30, 2027, based on the current construction progress of the fundraising investment project, without changing the project implementation entity, location, purpose, or scale. This postponement is within the board's approval authority and does not require submission to the shareholders' meeting for review. The specific situation is announced as follows:
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Basic Situation of Fundraising
According to the approval from the China Securities Regulatory Commission regarding the registration of Mars Man Kitchenware Co., Ltd. to issue convertible bonds to unspecified objects (Zheng Jian Xu Ke [2022] No. 1465), the Company issued 5,289,990 convertible bonds, each with a face value of RMB 100, raising a total of RMB 528,999,000. After deducting direct issuance costs of RMB 10,246,255.72 (excluding tax), the actual net amount raised is RMB 518,752,744.28. The raised funds were transferred to the Company's designated account on August 11, 2022, and Tianjian Certified Public Accountants (Special General Partnership) verified the fund arrival status, issuing the "Tianjian Verification [2022] No. 407" verification report on the same day. After the funds arrived, they were all deposited in a special account approved by the board of directors, and the Company signed a tripartite supervision agreement with the sponsor and the commercial bank holding the raised funds. -
Storage, Management, and Use of Fundraising
(a) Storage and Management of Fundraising
The Company has established a "Fundraising Management System" in accordance with the requirements of the Securities Law of the People's Republic of China, the Shenzhen Stock Exchange's self-regulatory guidelines, and other relevant regulations. This system implements a special account storage system for the raised funds, regulating the storage, use, project implementation management, changes in investment projects, and supervision of usage. According to the requirements of the "Fundraising Management System," the Company, along with the sponsor CITIC Securities Co., Ltd., signed a tripartite supervision agreement with CITIC Bank Co., Ltd. Haining Branch on August 3, 2022, for the special management of the raised funds. As of December 31, 2025, the storage situation of the funds raised through the issuance of convertible bonds to unspecified objects is as follows: