Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "the Sponsor") acted as the continuous supervision institution for Foshanshi Liandong Technology Co., Ltd. (hereinafter referred to as "Liandong Technology" or "the Company"). In accordance with relevant regulations including the "Administrative Measures for Sponsorship of Securities Issuance and Listing," "Regulations on the Supervision of Funds Raised by Listed Companies," and others, Guotai Junan conducted a prudent verification of the storage and use of funds raised by Liandong Technology for 2025. The specific situation is as follows:
1. Basic Situation of the Raised Funds
(1) Actual Amount of Funds Raised and Timing of Receipt
According to the resolution passed at the 2020 annual general meeting held on April 15, 2021, and approved by the China Securities Regulatory Commission with document No. [2022]1532, the company was authorized to publicly issue shares. The public offering of RMB ordinary shares (A shares) did not exceed 11,600,045 shares, with a subscription price of RMB 96.58 per share, raising a total of RMB 1,120,332,346.10. After deducting various issuance expenses totaling RMB 105,782,486.43, the actual net amount raised was RMB 1,014,549,859.67. The above funds have been verified by Lixin Certified Public Accountants (Special General Partnership), which issued verification report No. [2022] ZC10346. The company has adopted special account management for the raised funds.
(2) Amount of Funds Used in Previous Years
As of December 31, 2024, the company had cumulatively used RMB 254,343,476.02 of the raised funds, with a remaining balance of RMB 232,285,226.13 in the special account.
(3) Amount of Funds Used This Year and Year-End Balance
In 2025, the company actually used RMB 182,455,000. The specific situation is detailed in Appendix 1 "Comparison Table of Fund Usage." As of December 31, 2025, the usage and balance of the raised funds are shown in the table below: