- The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Securities Code: 300920
Securities Abbreviation: Runyang Technology
Announcement No.: 2026-011
Special Report of the Board of Directors on the Storage and Use of Raised Funds for 2025
1. Basic Information on Raised Funds
(1) Actual Amount of Raised Funds and Time of Receipt
According to the China Securities Regulatory Commission's approval of Zhejiang Runyang New Materials Technology Co., Ltd.'s initial public offering (Approval No. [2020] 2654), the company was authorized to publicly issue 25 million shares of RMB ordinary shares. This issuance does not involve the public sale of shares by existing shareholders. The issuance price was RMB 26.93 per share, raising a total of RMB 67.325 million. After deducting issuance expenses, the net amount raised was RMB 61.20198 million. Lixin Certified Public Accountants (Special General Partnership) verified the fund receipt status on December 21, 2020, and issued Verification Report No. [2020] ZF11043. The raised funds have been deposited into the company's special account for raised funds, with details as follows:
| Account Name | Opening Bank | Account Number | Purpose of Raised Funds | Balance of Raised Funds (10,000 RMB) |
|---|---|---|---|---|
| Zhejiang Runyang New Materials Technology Co., Ltd. | China Merchants Bank Co., Ltd. Huzhou Changxing Branch | 572900612510301 | Annual production of 100 million square meters IXPE expansion project | 36,723.16 |
| Zhejiang Runyang New Materials Technology Co., Ltd. | Huaxia Bank Co., Ltd. Hangzhou Jiangcheng Branch | 10464000000375297 | Intelligent storage center construction project | 8,431.19 |
| Zhejiang Runyang New Materials Technology Co., Ltd. | Agricultural Bank of China Co., Ltd. Changxing County Branch | 19125101040031250 | Supplementing working capital project | 5,712.76 |
| Zhejiang Runyang New Materials Technology Co., Ltd. | Hangzhou Bank Co., Ltd. Haichuangyuan Branch | 3301040160016830864 | R&D center construction project | 5,565.94 |
| Zhejiang Runyang New Materials Technology Co., Ltd. | Bank of China Co., Ltd. Changxing County Branch | 403978877878 | Annual increase of 16 million square meters IXPE automation technical transformation project | 4,768.93 |
| Total | 61,201.98 |
(2) Balance of Raised Funds
As of December 31, 2025, the balance of raised funds from the initial public offering is as follows:
| Item | Amount (10,000 RMB) |
|---|---|
| Net amount of raised funds | 61,201.98 |
| Plus: Interest income from raised funds minus handling fees | 2,646.40 |
| Minus: Exchange gains and losses | 31.26 |
| Minus: Amount invested in fundraising projects | 44,798.22 |
| Among them: Amount used from 2021-2024 | 37,241.28 |
| Amount used during the reporting period | 7,556.94 |
| Cumulative surplus of raised funds for completed projects | 3,645.50 |
| Balance of unused raised funds at the end of the period | 15,373.40 |
| Among them: Balance of special account for raised funds | 1,258.10 |
| Temporarily supplementing working capital from raised funds | 1,912.86 |
| Balance of financial products | 12,202.44 |
Note: If the sum of individual values does not match the total, it is due to rounding.
2. Storage and Management of Raised Funds
(1) Formulation and Implementation of the "Management System for Raised Funds"
To standardize the management and use of raised funds and protect the rights and interests of small and medium investors, the company has formulated the "Management System for Raised Funds" in accordance with the Company Law, Securities Law, Shenzhen Stock Exchange GEM Listing Rules, and relevant laws and regulations. The company adopts a special account storage system for raised funds and strictly implements approval procedures for their use to ensure supervision over the management and use of raised funds.