Wuhan Tianyuan Group 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.
The Company held the 26th meeting of the 6th Board of Directors on March 10, 2026, and approved the proposal to change the use of part of the proceeds from the initial public offering of shares. The Company agreed to change the use of part of the proceeds from the initial public offering, utilizing a total of 115.19 million RMB (including interest income, with the actual transfer amount based on the balance of the fundraising account on the transfer date) for the investment in the new project "Wuhan Tianyuan Nanning Equipment Industry Export Base Project." This change in the use of part of the raised funds does not constitute a related party transaction and does not constitute a major asset reorganization. The change in the use of part of the raised funds is subject to approval by the Company's shareholders' meeting before implementation. The relevant situation is announced as follows:
1. Overview of the Change in Fund Investment Projects
(1) Basic Situation of the Raised Funds
According to the China Securities Regulatory Commission's approval of the initial public offering registration of Wuhan Tianyuan Environmental Protection Co., Ltd. (Zheng Jian Xu Ke [2021] No. 3712), the Company was authorized to publicly issue 102.5 million ordinary shares at an issue price of 12.03 RMB per share, raising a total of 1.233075 billion RMB. After deducting underwriting and sponsorship fees, issuance registration fees, and other transaction costs totaling 105.182 million RMB, the actual net raised funds amounted to 1.127893 billion RMB. Zhongzhen Zhonghuan Accounting Firm (Special General Partnership) verified the raised funds and issued the verification report (2021) No. 0100094 on December 27, 2021.
(2) Change in the Use of Raised Funds
On April 15, 2022, the Company held the 10th meeting of the 5th Board of Directors and the 6th meeting of the 5th Supervisory Board, and on May 5, 2022, the Company held the second extraordinary shareholders' meeting of 2022, approving the proposal to use part of the excess raised funds of 265.5176 million RMB for the Dali Economic and Technological Development Zone sewage treatment plant and supporting pipeline project, and 111.5341 million RMB for the Linfen City Longci Water Source Purification Plant expansion project (hereinafter referred to as "Linfen Project"). On June 28, 2024, the Company held the 2nd meeting of the 6th Board of Directors and the 2nd meeting of the 6th Supervisory Board, and on July 31, 2024, the Company held the 3rd extraordinary shareholders' meeting of 2024, approving the proposal to terminate the Linfen Project. As of the date of the shareholders' meeting resolution to terminate the Linfen Project (July 31, 2024), a total of 582,200 RMB had been invested in the Linfen Project. As of September 21, 2025, a total of 114.6046 million RMB (including interest income) from the Linfen Project fundraising account had been transferred to the Company's excess fundraising account.
To improve the efficiency of the use of raised funds and the investment return, the Company plans to use the unused excess funds of 115.19 million RMB (including interest income, with the actual transfer amount based on the balance of the fundraising account on the transfer date) for the investment in the new project "Wuhan Tianyuan Nanning Equipment Industry Export Base Project." The amount proposed for changing the use of raised funds (including accumulated bank interest income minus handling fees) accounts for 10.21% of the net amount of the Company's initial public offering funds. This change in the use of part of the raised funds does not constitute a related party transaction and does not constitute a major asset reorganization.