Special Report on the Storage and Use of Raised Funds in 2025

Securities Code: 301325 Securities Abbreviation: Mannst Announcement No.: 2026-012 Shenzhen Mannst Technology Co., Ltd. Special Report on the Storage and Use of Raised Funds in 2025 The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without false records, misleading statements, or significant omissions. In accordance with the "Supervision Regulations for Raised Funds of Listed Companies" issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Normative Operation of GEM Listed Companies," and other relevant laws and regulations, as well as the Company's "Raised Funds Management System of Shenzhen Mannst Technology Co., Ltd." (hereinafter referred to as the "Company"), this special report on the storage and use of raised funds in 2025 is hereby made: I. Basic情况 of Raised Funds (I) Actual Amount of Raised Funds After Deducting Issuance Expenses and Time of Fund Arrival As approved by the CSRC's "Approval on the Registration of Initial Public Offering of Shares of Shenzhen Mannst Technology Co., Ltd." (Securities Regulatory Permit (2023) No. 363), the Company issued 30.00 million shares of RMB ordinary shares (A shares) at a par value of RMB 1 per share and an issuance price of RMB 76.80 per share. The shares were listed and traded on the Shenzhen Stock Exchange's GEM on May 12, 2023. The total amount of funds raised in this issuance was RMB 2,304,000,000.00. After deducting all issuance expenses, the net amount of raised funds was RMB 210,689.48 million. Daixin Certified Public Accountants (Special General Partnership) audited the capital arrival situation of the Company's initial public offering of shares on May 8, 2023, and issued the "Capital Verification Report" with the No. Daxin Verification Letter [2023] No. 4-00016. (II) Amount Used in Previous Years, Amount Used in 2025, and Current Balance The usage of raised funds in 2025 is as follows: Category Amount Unit: RMB Amount Remarks Total raised funds 2,304,000,000.00 Less: Repayment of pre-paid issuance expenses 11,127,200.00 Note 1 Less: Issuance expenses paid in previous years 185,977,614.22 Less: Repayment of advance investment in raised fund projects 102,611,000.00 Note 1 Less: Advance investment in raised fund projects in previous years 184,689,212.62 Less: Expenditures for raised fund projects in 2025 51,350,172.06 Less: Permanent replenishment of working capital with surplus raised funds in 2023 470,000,000.00 Note 2 Less: Permanent replenishment of working capital with surplus raised funds in 2024 470,000,000.00 Note 3 Less: Permanent replenishment of working capital with surplus raised funds in 2025 470,000,000.00 Note 4 Less: Permanent replenishment of working capital with surplus raised funds 6,762,672.00 Note 5 Less: Principal payments for cash management 7,891,673,150.67 Note 6 Add: Principal received from cash management 7,565,901,972.59 Add: Investment income received from cash management 71,260,888.94 Less: Bank handling fees 4,546.53 Balance of raised funds account as of December 31, 2025 96,967,293.43 Note 1: As of May 31, 2023, the Company had prepaid issuance expenses of RMB 11.1272 million and advanced RMB 102.6110 million to raised fund projects using its own funds, totaling RMB 113.7382 million. The above amounts have been audited by Daixin Certified Public Accountants (Special General Partnership), who issued the "Audit Report on the Company's Use of Raised Funds to Repay Self-Raised Funds for Pre-paid Issuance Expenses and Projects Already Invested" (Daxin Special Audit Word [2023] No. 26-00038). On July 12, 2023, the Company held the 21st meeting of the First Board of Directors and the 9th meeting of the First Supervisory Board, which reviewed and approved the "Proposal on Using Raised Funds to Repay Pre-paid Issuance Expenses and Self-Raised Funds Already Invested in Raised Fund Projects." It was agreed that the Company would use RMB 11.37382 million of raised funds to repay pre-paid issuance expenses and self-raised funds already invested in raised fund projects. Note 2: On August 24, 2023, the Company held the 22nd meeting of the First Board of Directors and the 10th meeting of the First Supervisory Board, which reviewed and approved the "Proposal on Permanently Replenishing Working Capital with Part of the Surplus Raised