Special Report on the Storage and Use of Raised Funds for the Year 2025
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 significant omissions.
According to the relevant regulations including the "Regulatory Guidelines No. 2 for Listed Companies - Regulatory Requirements for the Management and Use of Raised Funds," the "Shenzhen Stock Exchange GEM Listing Rules," and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standard Operations for GEM Listed Companies," the board of directors of Shandong Nanshan Zhishang Technology Co., Ltd. (hereinafter referred to as "the Company") presents the following special report on the storage and use of raised funds for the year 2025:
1. Basic Information on Raised Funds
(1) Initial Public Offering of Shares
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Actual amount raised and time of funds arrival
With the approval of the China Securities Regulatory Commission regarding the registration of the initial public offering of shares (Zheng Jian Xu Ke [2020] No. 2931), the Company publicly issued 90 million shares of RMB ordinary shares, with a par value of RMB 1 per share and an issue price of RMB 4.97 per share, raising a total of RMB 447,300,000.00. After deducting issuance-related expenses of RMB 48,223,462.87, the net amount raised was RMB 399,076,537.13. As of December 17, 2020, all raised funds from this issuance have been received, verified by Hexin Accounting Firm (Special General Partnership), which issued Verification Report No. Hexin Yan Zi (2020) No. 000069. -
As of December 31, 2025, the usage and balance of the raised funds are as follows:
| Item | Amount (RMB) |
|------|--------------|
| Total raised funds | 447,300,000.00 |
| Less: Issuance expenses | 48,223,462.87 |
| Net raised funds | 399,076,537.13 |
| Less: Cumulative investment from previous years | 404,854,276.11 |
| Current year investment from raised funds | 11,314,545.93 |
| Service fees | 35,822.05 |
| Investment of idle raised funds in financial products | 2,750,320,000.00 |
| Supplementing working capital | 1,012,419.39 |
| Plus: Return from matured financial products | 2,750,320,000.00 |
| Financial income | 12,866,768.66 |
| Interest income | 5,273,757.69 |
| Balance of raised funds (bank deposits) | 0 |
Note: On December 27, 2023, as the investment projects funded by the initial public offering of shares, namely the "Intelligent Upgrade Project of Fine Wool Fabric Production Line," "Intelligent Manufacturing Upgrade Project for Garments," and "Upgrade Construction Project of R&D Center," have reached the predetermined usable state, the Company decided to conclude these projects and permanently supplement the remaining raised funds of RMB 1,586,800 (including interest income and investment income after deducting service fees, the actual amount is subject to the bank settlement amount on the date of fund transfer) to working capital. For details, please refer to the announcement disclosed by the Company on December 27, 2023, on the Giant Tide Information Network (www.cninfo.com.cn) titled "Announcement on the Conclusion of Investment Projects Funded by the Initial Public Offering of Shares and the Permanent Supplement of Remaining Raised Funds to Working Capital" (Announcement No. 2023-084).