Shenzhen Zhishang Technology Co., Ltd. (hereinafter referred to as "the Company") held the 16th meeting of the third board of directors on April 20, 2026, and the 2025 annual shareholders' meeting on May 11, 2026, where it approved the proposal on the use of part of the idle raised funds (including over-raised funds) for cash management. This decision aims to improve the efficiency and effectiveness of the use of raised funds and to reasonably utilize idle raised funds (including over-raised funds). The Company is authorized to use up to RMB 900 million of idle raised funds for cash management without affecting the construction of investment projects and the normal operation of the Company. The usage period is valid for twelve months from the date of approval by the shareholders' meeting. Within the above limit and the validity period of the resolution, the funds can be used in a rolling manner. The independent directors and the sponsor institution have expressed clear agreement on the above matters. For specific details, please refer to the announcement titled "Progress on the Use of Part of Idle Raised Funds for Cash Management" (Announcement No.: 2026-019) disclosed by the Company on April 21, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn) and the verification opinions from Minmetals Securities Co., Ltd. regarding the use of part of the idle raised funds for cash management.
Recently, the Company has redeemed cash management products purchased with part of the idle raised funds and continues to manage cash. The specific situation is announced as follows:
I. Basic Information on the Redemption of Cash Management Products
| No. | Contracting Bank | Product Name | Product Type | Amount (RMB 10,000) | Income Start Date | Product Redemption Date | Product Yield | Income Amount |
|---|---|---|---|---|---|---|---|---|
| 1 | Ningbo Bank Shenzhen Guangming Branch | Structured Deposit | Structured Deposit | 4,000.00 | 2026/4/2 | 2026/4/30 | 2.00% | 6.14 |
| 2 | Bank of China Shenzhen Jinxiu Branch | RMB Structured Deposit Product Code: CSDW202615917 | Structured Deposit | 19,000.00 | 2026/4/13 | 2026/5/26 | 1.70% | 38.05 |
| 3 | Bank of China Shenzhen Jinxiu Branch | RMB Structured Deposit Product Code: CSDW202615917 | Structured Deposit | 11,000.00 | 2026/4/13 | 2026/5/26 | 1.70% | 22.03 |
| 4 | Ningbo Bank Shenzhen Guangming Branch | Structured Deposit | Structured Deposit | 4,000.00 | 2026/5/8 | 2026/5/29 | 1.75% | 4.03 |
| Total | 38,000.00 | 70.25 |
II. Situation of Cash Management Products Purchased with Idle Raised Funds
| No. | Contracting Bank | Product Name | Product Type | Amount (RMB 10,000) | Income Start Date | Product Expiry Date | Expected Annual Yield | Product Term |
|---|---|---|---|---|---|---|---|---|
| 1 | Ningbo Bank Shenzhen Guangming Branch | Structured Deposit | Structured Deposit | 3,500.00 | 2026/6/2 | 2026/6/30 | 0.75% or 1.90% or 2.00% | 28 days |
| 2 | Bank of China Shenzhen Jinxiu Branch | RMB Structured Deposit Product Code: CSDVY202617036 | Structured Deposit | 19,000.00 | 2026/6/1 | 2026/7/1 | 0.5% or 1.6% | 30 days |
| 3 | Bank of China Shenzhen Jinxiu Branch | RMB Structured Deposit Product Code: CSDVY202617036 | Structured Deposit | 11,000.00 | 2026/6/1 | 2026/7/1 | 0.5% or 1.6% | 30 days |
| Total | 33,500.00 |