Securities Code: 301202 Securities Abbreviation: Langwei Shares Announcement No.: 2026-016 Suzhou Langwei Electronic Machinery Co., Ltd. Special Report on the Storage, Management, and Use of Raised Funds in 2025
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
In accordance with the "Supervision Regulations for the Management of Raised Funds of Listed Companies" issued by the China Securities Regulatory Commission, the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Normative Operation of GEM Listed Companies," and the Company's "Management Measures for Raised Funds," Suzhou Langwei Electronic Machinery Co., Ltd. (hereinafter referred to as the "Company") has compiled this Special Report on the Storage, Management, and Use of Raised Funds in 2025. The details are as follows:
I. Basic Information on Raised Funds
(I) Amount of Raised Funds and Time of Receipt
The Company's initial public offering of RMB ordinary shares (A shares) was registered with the approval of the China Securities Regulatory Commission's "Approval on the Registration of Suzhou Langwei Electronic Machinery Co., Ltd.'s Initial Public Offering of Shares" (Securities Regulatory Permit (2023) No. 1051). The lead underwriter, Guotou Securities Co., Ltd. (hereinafter referred to as "Guotou Securities"), underwrote the offering through the Shenzhen Stock Exchange system, using a combination of offline inquiry and allocation to qualified investors and online pricing and issuance to public investors holding tradable A shares and non-tradable depositary receipts in the Shenzhen market. The Company issued 34.10 million shares of RMB ordinary shares (A shares) at an issue price of RMB 25.82 per share, raising a total of RMB 880,462,000.00. After deducting the underwriter's commission and sponsorship fee of RMB 123,972,839.54 (including tax), the raised funds amounted to RMB 756,489,160.46. Guotou Securities remitted these funds to the Company's raised funds supervision account on June 30, 2023. The receipt of these raised funds has been audited by Huizhong Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" (Huizhong Huijian [2023] No. 8290) on June 30, 2023.
The total amount of raised funds for this issuance was RMB 880,462,000.00. The total issuance expenses were RMB 137,069,167.83 (excluding tax), resulting in net raised funds of RMB 743,392,832.17.
(II) Use and Balance of Raised Funds
As of December 31, 2025, the balance of raised funds from the Company's initial public offering of shares (net of interest income and bank fees) was RMB 210,671,077.11. The details are as follows:
| Item | Amount (RMB) |
|---|---|
| Net raised funds [Note] | 743,392,832.17 |
| Less: Amount used to replace funds pre-invested in investment projects | 64,089,174.02 |
| Less: Amount from raised funds special account used to supplement working capital and repay bank loans | 442,655,772.75 |
| Less: Funds temporarily idle used for purchasing wealth management products and time deposits | 182,000,000.00 |
| Less: Surplus funds from completed investment projects used to permanently supplement working capital | 45,466,500.12 |
| Plus: Income from wealth management products purchased with temporarily idle funds and net interest income from raised funds special account after deducting fees | 19,489,691.83 |
| Balance in raised funds special account as of December 31, 2025 (7=1-2-3-4-5+6) | 28,671,077.11 |
| Balance of raised funds as of December 31, 2025 (8=4+7) | 210,671,077.11 |