Announcement on the Use of Bank Acceptance Bills, Letters of Credit, and Own Foreign Exchange for Project Funding Payments
Ningbo Xingyuan Zhuomei Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
On March 31, 2026, the Company held the 19th meeting of the third Board of Directors, which reviewed and approved the proposal on the use of bank acceptance bills, letters of credit, and own foreign exchange to pay for project funding and to replace these with raised funds. To improve the efficiency of raised fund usage and reasonably enhance the payment methods for investment projects (hereinafter referred to as "Investment Projects"), the Company plans to use bank acceptance bills, letters of credit, and own foreign exchange to pay for the necessary funds during the implementation of the Investment Projects, and to replace these with raised funds on an equivalent basis. The replaced funds will be considered as funds already used for the Investment Projects. The specific circumstances are announced as follows:
I. Basic Situation of Raised Funds
(1) Funds Raised from Initial Public Offering
According to the China Securities Regulatory Commission's approval of Ningbo Xingyuan Zhuomei Technology Co., Ltd.'s initial public offering (Approval No. [2022] 2084), the Company issued 20,000,000 shares of RMB ordinary shares (A shares) at a par value of RMB 1 per share, with an issue price of RMB 34.40 per share, raising a total of RMB 688,000,000.00. After deducting relevant issuance expenses, the actual net amount raised is RMB 596,320,360.29. The above-mentioned raised funds have been verified by Rongcheng Accounting Firm (Special General Partnership) (Verification No. [2022] 230Z0353).
(2) Funds Raised from Issuing Convertible Bonds to Unspecified Objects
According to the China Securities Regulatory Commission's approval for Ningbo Xingyuan Zhuomei Technology Co., Ltd. to issue convertible bonds to unspecified objects (Approval No. [2025] 2265), the Company issued 4,500,000 convertible bonds, each with a par value of RMB 100.00, at par value, raising a total of RMB 450,000,000.00. After deducting relevant issuance expenses, the actual net amount raised is RMB 443,754,716.99. The above-mentioned raised funds have been verified by Rongcheng Accounting Firm (Special General Partnership), which issued a verification report (Verification No. [2025] 230Z0143). The Company has deposited the above-raised funds into a special account for raised funds and signed a tripartite supervision agreement and a quadripartite supervision agreement with the sponsor and the commercial bank holding the raised funds.
II. Investment Project Situation of Raised Funds
(1) Investment Project Situation of Funds Raised from Initial Public Offering
According to the "Prospectus for the Initial Public Offering and Listing on the Growth Enterprise Market of Ningbo Xingyuan Zhuomei Technology Co., Ltd." (hereinafter referred to as "Prospectus") and the announcements disclosed on the Giant Tide Information Network (www.cninfo.com.cn) regarding the use of part of the oversubscribed funds to permanently supplement working capital and the use of oversubscribed funds for new project investments, the uses of raised funds are as follows: