According to the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, the special report on the storage, management, and use of raised funds for 2025 by AVIC Shanda High-Temperature Alloy Materials Co., Ltd. (hereinafter referred to as "the Company") is as follows:
1. Basic Information on Raised Funds
(1) Actual Amount of Raised Funds and Fund Arrival Status
With the approval of the China Securities Regulatory Commission regarding the registration of the Company's initial public offering (Approval No. [2024] 925), and with the consent of the Shenzhen Stock Exchange, the Company issued 92,966,667 ordinary shares (A shares) with a par value of RMB 1.00 per share at an issuance price of RMB 6.88 per share. The total amount raised was RMB 639.61 million, and after deducting issuance expenses (excluding VAT) of RMB 91.11 million, the actual net amount raised was RMB 548.50 million. The raised funds were transferred to the Company's designated account on October 11, 2024, and a verification report was issued by Lixin Certified Public Accountants (Special General Partnership). The Company has implemented special account storage management for the raised funds and signed a tripartite supervision agreement with the sponsor and the bank where the funds are stored to ensure the safety of fund usage.
(2) Usage and Balance of Raised Funds in 2025
The usage and balance of raised funds in 2025 are as follows:
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
| Project | Amount (RMB) |
|---|---|
| Actual net amount of raised funds | 548,503,317.04 |
| Total amount of raised funds received (including issuance expenses excluding underwriting fees) | 584,893,687.83 |
| Less: Amount used in previous years for fundraising projects | 7,223,822.75 |
| Less: Amount used in the current year for fundraising | 236,951,369.73 |
| Add: Interest income from raised funds, net of fees | 3,614,187.46 |
| Less: Amount of self-raised funds replaced by raised funds for investment projects | 181,934,314.47 |
| Less: Issuance expenses paid (including self-raised funds replaced for previously paid issuance expenses) | 36,253,210.69 |
| Balance of raised funds as of December 31, 2025 | 126,145,157.65 |
| Among them: Balance of idle raised funds for cash management at the end of the period | 90,000,000.00 |
| Balance of special account for raised funds as of December 31, 2025 | 36,145,157.65 |
2. Storage and Management of Raised Funds
(1) Management of Raised Funds
To standardize the use and management of raised funds, improve the efficiency and effectiveness of fund usage, and protect the legitimate rights and interests of the Company, shareholders, and creditors, the Company implements special account storage for raised funds in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange—Standardized Operations of GEM Listed Companies," and other relevant laws, administrative regulations, normative documents, and the Company's articles of association. The Company signed a tripartite supervision agreement with the sponsor, China International Capital Corporation Limited, and the banks where the raised funds accounts are located, ensuring compliance with the Shenzhen Stock Exchange's tripartite supervision agreement template.
(2) Balance of Special Accounts for Raised Funds
As of December 31, 2025, the balance of accounts raised through public offerings is as follows:
| Bank | Account Number | Storage Balance (RMB) |
|---|---|---|
| Bank of China, Qinghe Branch | 101943664442 | 2,434,154.95 |
| China Construction Bank, Qinghe Branch | 13050165840800006357 | 13,215,094.93 |
| China Everbright Bank, Shijiazhuang Branch | 75180188000199367 | 1,087,265.77 |
| Citic Bank, Shijiazhuang Branch | 8111801012501247838 | 9,691,441.32 |
| Bank of Communications, Xingtai Branch | 138396000013000223320 | 9,707,278.58 |
| Industrial and Commercial Bank of China, Qinghe Branch | 0406001929300698163 | 9,922.10 |
| Total | 36,145,157.65 |