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 false records, misleading statements, or major omissions.
On December 25, 2025, the Company held the 12th (temporary) meeting of the 5th Board of Directors in 2025, where it approved the proposal on the use of part of the idle raised funds and self-owned funds for cash management. The Company agreed to use no more than RMB 100 million (including the principal) of idle raised funds for cash management, provided that it does not affect the investment plans 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 maturity of no more than 12 months, effective from December 31, 2025, to December 30, 2026. Within the aforementioned limits and time frame, the funds can 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 disclosed by the Company on December 25, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) titled "Announcement on the Use of Part of the Idle Raised Funds and Self-owned Funds for Cash Management" (Announcement No.: 2025-065).
Recently, the Company has redeemed part of the idle raised funds used for cash management as scheduled and continues to use part of the idle raised funds for cash management. The relevant matters are announced as follows:
- Redemption Status of Cash Management Products
On March 2, 2026, the Company used RMB 50 million of idle raised funds to purchase a structured deposit product from China Construction Bank. For specific details, please refer to the announcement disclosed by the Company on March 3, 2026, on the Giant Tide Information Network (www.cninfo.com.cn) titled "Progress Announcement on the Use of Part of the Idle Raised Funds for Cash Management" (Announcement No.: 2025-009). The Company has recently redeemed the aforementioned financial product as scheduled, recovering the principal of RMB 50 million and earning RMB 245,900 in financial returns. The principal and financial returns have been fully deposited into the special account for raised funds. The specific redemption situation is as follows: