Securities Code: 300907 Securities Abbreviation: Kangping Technology Announcement No.: 2026-015
Kangping Technology (Suzhou) Co., Ltd. Announcement on the Temporary Use of Some Idle Raised Funds to Supplement Working Capital
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Kangping Technology (Suzhou) Co., Ltd. (hereinafter referred to as the "Company") held the second (extraordinary) meeting of the fifth Board of Directors in 2026 on March 20, 2026. The meeting deliberated and passed the "Proposal on the Temporary Use of Some Idle Raised Funds to Supplement Working Capital." It was agreed that, under the premise of ensuring the normal progress of the raised fund investment projects, the Company would use no more than RMB 50 million (inclusive) of idle raised funds to temporarily supplement working capital. The usage period is one year from the date of approval by the Board of Directors, and the funds will be returned to the special account for raised funds upon expiration. Concurrently, to regulate the deposit, management, and use of idle raised funds for temporary working capital supplementation, the Board of Directors agreed to open a special account for idle raised funds to temporarily supplement working capital (hereinafter referred to as the "Special Account") and authorized the Company's senior management or their authorized representatives to handle all matters related to the opening of the Special Account and the signing of the supervision agreement. The specific details are hereby announced as follows:
I. Basic Situation of Raised Funds
Upon the approval of the registration for the initial public offering of shares by the China Securities Regulatory Commission ("Approval on the Registration of the Initial Public Offering of Shares by Kangping Technology (Suzhou) Co., Ltd." (Zhengjian Xu Ke [2020] No. 2258)), the Company issued 24 million shares of RMB ordinary shares (A shares) at an issuance price of RMB 14.30 per share. The total amount of raised funds was RMB 343,200,000.00. After deducting the tax-exclusive issuance expenses of RMB 51,396,484.19, the net amount of raised funds was RMB 291,803,515.82.
The aforementioned raised funds were received on November 13, 2020. Xinyongzhonghe Certified Public Accountants (Special General Partnership) audited the receipt of the raised funds and issued the "Capital Verification Report" (XYZH/2020NJAA20005).
II. Use of Raised Funds
According to the Company's "Prospectus for Initial Public Offering of Stocks on the ChiNext Market" and the changes in the use of raised funds, as of December 31, 2025, the status of the Company's raised fund investment projects and the use of raised funds is as follows: