Securities Code: 301381 Securities Abbreviation: SeweTime Announcement No.: 2026-013 SeweTime Technology Co., Ltd. Announcement on the Postponement of Some Fundraising Projects and Adjustment of Internal Investment Structure
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 major omissions.
SeweTime Technology Co., Ltd. (hereinafter referred to as the "Company") held the eighth meeting of the fourth Board of Directors on April 24, 2026, and unanimously approved the "Proposal on the Postponement of Some Fundraising Projects and Adjustment of Internal Investment Structure." It was agreed that, without changing the implementing entity, the use of funds, and the investment scale of the fundraising projects, and in conjunction with the actual construction progress and investment pace of the fundraising projects, the fundraising projects "Fashion Industry Supply Chain and Operations Center System Construction Project" and "Logistics and Warehousing Upgrade Project" would be postponed. The internal investment structure of the fundraising projects "Fashion Industry Supply Chain and Operations Center System Construction Project," "Logistics and Warehousing Upgrade Project," and "Brand Building and Channel Promotion Project" would be adjusted. This matter is within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for approval. The specific situation is announced as follows:
I. Overview of Fundraising Project Investment
- Basic Situation of Fundraising
Upon the approval of the China Securities Regulatory Commission's "Approval on the Registration of SeweTime Technology Co., Ltd.'s Initial Public Offering of Shares" (Zhengjianxuke [2023] No. 998), the Company issued 40.10 million ordinary shares of RMB (A shares) for the first time. Each share has a par value of RMB 1.00, and the issue price per share is RMB 20.45. The total amount of capital raised is RMB 820,045,000.00. After deducting issuance expenses of RMB 96,947,169.66 (including VAT), the net amount of capital raised is RMB 723,097,830.34. The aforementioned capital raised was fully received and deposited into the Company's dedicated account for raised funds on July 7, 2023. The accounting firm of Lixin Certified Public Accountants (Special General Partnership) audited the capital received from the Company's initial public offering of shares and issued the "Capital Verification Report" (Xiehui Baogao [2023] No. ZI10566). After the capital raised was received, the Company managed the deposit and use of the raised capital through a dedicated account and signed a supervision agreement for the raised capital with the dedicated account bank and the sponsor institution.
- Fundraising Project Investment Status
According to the "SeweTime Technology Co., Ltd. Prospectus for Initial Public Offering of Shares and Listing on the ChiNext Market" and the Company's subsequent resolutions on the plan for the use of raised capital, the status of the Company's fundraising projects and the use of raised capital as of December 31, 2025, are as follows: