301229SZSE

Announcement on the Completion of Certain Fundraising Projects and the Cancellation of Special Fund Accounts

Newtaige Co., Ltd.·

✨ AI Summary

The company announces the completion of the "Filter Processing Production Line Construction Project" funded by its IPO. The related special fundraising account will be canceled as the funds have been fully utilized. This decision does not require board or shareholder approval due to the amount being below regulatory thresholds.

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Full Translation

AI Translation· azure_openai

Securities Code: 301229
Securities Abbreviation: Niutai Ge
Announcement Number: 2026-011

Jiangsu Niutai Ge Technology Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

The fundraising project "Filter Processing Production Line Construction Project" funded by the Company's initial public offering has been completed and is in a state ready for use. The Company intends to conclude this project and cancel the related special fundraising account. According to the "Regulations on the Supervision of Fundraising by Listed Companies" and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Companies," this matter does not require submission for approval by the Company's Board of Directors or shareholders. The relevant information is announced as follows:

1. Basic Situation of Fundraising from the Company's Initial Public Offering

According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2022] No. 118), the Company issued 20 million shares of RMB ordinary shares (A shares) at a price of RMB 20.28 per share, raising a total of RMB 405.60 million. After deducting underwriting and sponsorship fees of RMB 53 million (including RMB 56.20 million in non-taxable underwriting and sponsorship fees, and RMB 3.20 million in non-taxable sponsorship fees paid in previous years), the net amount raised was RMB 352.60 million, which was transferred to the Company's fundraising supervision account by the lead underwriter Huatai United Securities Co., Ltd. on February 17, 2022. After deducting additional external costs directly related to the issuance of equity securities, such as audit and verification fees, legal fees, and information disclosure expenses totaling RMB 29.73 million, the net amount of funds raised was RMB 319.67 million. The above fundraising situation has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued a "Verification Report" (Tianjian Yan [2022] No. 56).

2. Use of Funds Raised from the Company's Initial Public Offering

As of the date of this announcement, the specific use of funds raised from the Company's initial public offering is as follows:

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