Announcement on the Redemption of Idle Raised Funds for Cash Management
Kangping Technology (Suzhou) Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
The Company held the 12th (temporary) meeting of the 5th Board of Directors on December 25, 2025, and approved the proposal on the use of part of the idle raised funds and self-owned funds for cash management. It was agreed that the Company would use no more than RMB 100 million (including this amount) of idle raised funds for cash management, provided that it does not affect the investment plan and safety of the raised funds, nor the normal production and operation of the Company. The funds will be used to purchase low-risk, highly liquid, principal-protected financial products with a term not exceeding 12 months, effective from December 31, 2025, to December 30, 2026. Within the aforementioned limits and time frame, the funds may be used in a rolling manner. The Company's sponsor has issued a non-objection verification opinion.
For specific details, please refer to the announcement titled "Announcement on the Use of Part of the Idle Raised Funds and Self-Owned Funds for Cash Management" (Announcement No. 2025-065) disclosed by the Company on December 25, 2025, on the Giant Tide Information Network (www.cninfo.com.cn).