Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "the Sponsor") is the sponsor and continuous supervision institution for Jiujiang Defu Technology Co., Ltd. (hereinafter referred to as "Defu Technology" or "the Company") in its initial public offering of stocks and listing on the Growth Enterprise Market. In accordance with relevant laws, regulations, and normative documents such as the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," "Regulations on the Supervision of Fundraising by Listed Companies," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," Guotai Junan has conducted a verification of the storage and usage of the fundraising for Defu Technology for the year 2025. The specific situation is as follows:
I. Basic Situation of Fundraising
(1) Actual Amount Raised and Time of Fund Arrival
With the approval of the China Securities Regulatory Commission regarding the registration of the initial public offering of stocks by Jiujiang Defu Technology Co., Ltd. (Approval No. [2023] 1226), the Company issued 67,530,217 shares of ordinary shares (A shares), raising a total of RMB 189,084.61 thousand. After deducting various issuance expenses, the actual net amount raised was RMB 176,440.75 thousand. The funds were received on August 10, 2023, and this situation was verified by Yongtuo Accounting Firm (Special General Partnership), which issued Verification Report No. [2023] 210019. The Company manages the raised funds in a dedicated account and has signed a fundraising supervision agreement with the bank holding the raised funds and the sponsor.
(2) Amount Used This Year and Year-End Balance
As of December 31, 2025, the Company had cumulatively invested RMB 178,106.09 thousand in fundraising projects, with a remaining balance of RMB 319.65 thousand. The balance in the dedicated fundraising account was RMB 278.05 thousand, while the amount used for cash management from idle fundraising was RMB 41.60 thousand. As of December 31, 2025, the usage and balance of the Company's fundraising are as follows:
| Item | Amount (RMB thousand) |
|---|---|
| Net amount raised | 176,440.75 |
| Plus: Unpaid and replaced issuance expenses (Note) | 2,584.06 |
| Interest income from fundraising and cash management | 1,987.62 |
| Minus: Self-raised funds replaced by fundraising for projects | 35,125.40 |
| Issuance expenses paid from fundraising | 1,436.57 |
| Cumulative investment in fundraising projects | 142,980.70 |
| Bank handling fees | 2.62 |
| Year-end unused fundraising balance | 319.65 |
| Among them: Dedicated account balance | 278.05 |
| Cash management account balance | 41.60 |
Note: On August 10, 2023, the Company actually received RMB 179,024.81 thousand in fundraising, of which unpaid and replaced issuance expenses totaled RMB 2,584.06 thousand, resulting in a net amount raised of RMB 176,440.75 thousand.
II. Management of Fundraising
To standardize the management and use of the Company's fundraising and improve the efficiency of its use, the Company has formulated the "Fundraising Management System of Jiujiang Defu Technology Co., Ltd." (hereinafter referred to as "the Management System") in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Regulations on the Supervision of Fundraising by Listed Companies," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," combined with the actual situation of the Company. This system specifies the storage, use, and management of the Company's fundraising, and the Company strictly follows the provisions of this system.