Zhongjing Food 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, complete, and does not contain any false records, misleading statements, or major omissions.
In accordance with the "Regulations on the Supervision of Fundraising by Listed Companies," the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," and other relevant regulations, the Board of Directors of Zhongjing Food Co., Ltd. has prepared this special report on the storage and use of raised funds for the year 2025, as detailed below:
1. Basic Information on Raised Funds
(1) Amount and Receipt of Raised Funds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the registration of Zhongjing Food Co., Ltd.'s initial public offering of shares (CSRC Permit [2020] No. 2392), the Company publicly issued 25 million shares of RMB ordinary shares (A shares), with a par value of RMB 1 per share and an issue price of RMB 39.74 per share. The total amount raised was RMB 993,500,000.00, and after deducting related issuance expenses (excluding VAT) of RMB 80,753,367.37, the actual net amount raised was RMB 912,746,632.63. The raised funds were deposited into the Company's special account for raised funds on November 17, 2020, and Zhongtian Accounting Firm (Special General Partnership) verified the funds' arrival, issuing Verification Report No. 90066.
(2) Use and Balance of Raised Funds
As of December 31, 2025, the use and balance of the raised funds are as follows:
| Item | Amount (RMB) |
|---|---|
| Total raised funds | 993,500,000.00 |
| Less: Issuance expenses | 80,753,367.33 |
| Amount invested in projects from previous years | 766,810,219.43 |
| Amount directly invested in projects this period | 11,854,221.56 |
| Permanent supplement to working capital | 126,000,000.00 |
| Surplus funds from completed projects permanently supplementing working capital | 58,088,755.19 |
| Plus: Investment income and net interest income after deducting fees | 50,006,563.51 |
| Balance of raised funds as of December 31, 2025 | 0.00 |
2. Storage and Management of Raised Funds
(1) Management of Raised Funds
To standardize the management and use of raised funds and protect the rights and interests of investors, the Company has formulated the "Management System for Raised Funds of Zhongjing Food Co., Ltd." (hereinafter referred to as "Management System"), which clearly stipulates the special account storage, use, changes in investment projects, management, and supervision of the raised funds. According to the Management System, the Company’s fifth Board of Directors approved the establishment of a special account for raised funds and authorized the legal representative to sign the "Tripartite Supervision Agreement for Raised Funds." On November 30, 2020, the Company signed the "Tripartite Supervision Agreement for Raised Funds" with the Nanyang Branch of Bank of Communications Co., Ltd., the Xixia Branch of Bank of China Co., Ltd., the Zhengzhou Branch of CITIC Bank Co., Ltd., and the sponsor Guojin Securities Co., Ltd., clarifying the rights and obligations of all parties.
On December 29, 2020, the Company held the fifth meeting of the fifth Board of Directors and the fourth meeting of the fifth Supervisory Board, and on January 14, 2021, held the first extraordinary general meeting of shareholders in 2021, approving the proposal to adjust some fundraising projects and increase the investment amount of some oversubscribed funds. For specific details, please refer to the announcement disclosed on the Giant Tide Information Network.