Special Report on the Storage, Management, and Use of Raised Funds for 2025 by Guangdong Tianyi Ma Information Industry Co., Ltd.
Minmetals Securities Co., Ltd. (hereinafter referred to as "Minmetals Securities" or "the Sponsor") is the sponsor for the initial public offering and listing of Guangdong Tianyi Ma Information Industry Co., Ltd. (hereinafter referred to as "Tianyi Ma" or "the Company"). In accordance with relevant regulations including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Regulations on the Supervision of Raised Funds by Listed Companies," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations for GEM Listed Companies," the Sponsor has performed continuous supervision duties and conducted a special verification of the annual storage and actual use of raised funds for 2025. The verification results and opinions are as follows:
I. Basic Information on Raised Funds
(1) Actual Amount of Raised Funds and Time of Receipt
According to the resolution of the Company's fourth extraordinary general meeting in 2020 and the approval document from the China Securities Regulatory Commission (CSRC) [2021] No. 2937 regarding the registration of the initial public offering of stocks by Guangdong Tianyi Ma Information Industry Co., Ltd., the Company publicly issued 11,778,000 shares of RMB ordinary shares (A shares) at a price of RMB 48.66 per share on November 1, 2021. The total amount raised was RMB 573,117,480, with issuance costs of RMB 62,856,828 (excluding VAT), resulting in a net amount of RMB 510,260,652. The raised funds were deposited into the Company's special account for raised funds on November 5, 2021, and verified by Zhongzheng Zhonghuan Accounting Firm (Special General Partnership) under verification report No. (2021) 0600012. The Company planned to raise RMB 279,361,500, resulting in an oversubscription of RMB 230,899,152.
(2) Usage and Balance of Raised Funds
| Project | Amount (RMB) |
|---|---|
| Total raised funds | 573,117,480.00 |
| Less: Underwriter's commission (including VAT) | 42,514,828.79 |
Note 1: The actual net amount of raised funds is RMB 513,979,572.75, which differs from the expected net amount of RMB 510,260,652.00 by RMB 3,718,920.75 due to the Company prepaying issuance costs from its own funds. The Company did not replace these costs within six months after the funds were received, and will not replace them subsequently according to relevant regulations.
Note 2: The amount used for previous year's investment projects is RMB 273,906,985.76, detailed as follows: The total committed investment for the 2023 investment project to supplement working capital is RMB 100,000,000.00, with an actual usage of RMB 100,174,861.07, resulting in a difference of RMB 174,861.07 due to interest income from the special account being invested in the project; additionally, the Shenzhen Comprehensive Operation Center project has cumulatively used RMB 68,894,563.75. In 2024, part of the raised funds amounting to RMB 117,160,000.00 was changed for the implementation of the "Computing Power Cluster Service Project," with an actual investment of RMB 99,750,000.00; additionally, oversubscribed funds were used to pay RMB 5,087,560.94 for the Shenzhen Comprehensive Operation Center project.
Note 3: The amount used for this year's investment projects is RMB 3,371,960.52, detailed as follows: In 2025, raised funds of RMB 367,440.00 were used for the "Computing Power Cluster Service Project," and oversubscribed funds were used to pay RMB 3,004,520.52 for the Shenzhen Comprehensive Operation Center project.
Note 4: The special account for raised funds opened at Guangdong Huaxing Bank Co., Ltd. Shenzhen Branch, Industrial Bank Co., Ltd. Shantou Branch, and Industrial Bank Co., Ltd. Shantou Branch signed a time deposit agreement in August 2025. As of the end of the reporting period, the balance of the agreement deposit was RMB 130,719,444.73.