Shenzhen Ugreen Technology Co., Ltd. Board of Directors Special Report on the Storage, Management, and Use of Raised Funds for 2025
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
According to the "Regulations on the Supervision of Raised Funds by Listed Companies" issued by the China Securities Regulatory Commission, the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations for GEM Listed Companies," and the "Announcement Format Guidelines for GEM Listed Companies," the Board of Directors of Shenzhen Ugreen Technology Co., Ltd. (hereinafter referred to as "the Company") has prepared this special report on the storage, management, and use of raised funds as of December 31, 2025.
1. Basic Situation of Raised Funds
(1) Actual Amount of Raised Funds and Timing of Fund Arrival
With the approval of the China Securities Regulatory Commission regarding the registration of the initial public offering of Shenzhen Ugreen Technology Co., Ltd. (Zheng Jian Xu Ke [2024] No. 402), the Company publicly issued 41.5 million shares of RMB ordinary shares (A shares) at an issue price of RMB 21.21 per share on July 15, 2024, raising a total of RMB 880,215,000. After deducting issuance expenses of RMB 107,979,000, the actual amount of raised funds was RMB 772,236,100. The funds were received on July 19, 2024. The arrival of the funds has been verified by the audit report from Rongcheng Accounting Firm (Special General Partnership) (Verification Report No. [2024] 518Z0092). The Company has adopted a special account storage management for the raised funds.
(2) Usage and Balance of Raised Funds
As of December 31, 2025, the usage of raised funds by the Company is as follows:
| Item | Amount (10,000 RMB) |
|---|---|
| Net amount of raised funds | 77,223.61 |
| Less: Cumulative usage of raised funds | 38,308.47 |
| Among them: Amount used in 2025 | 37,198.34 |
| Less: Bank account management fees and handling charges | 0.16 |
| Add: Interest income from raised funds | 290.12 |
| Add: Financial management income from raised funds | 881.94 |
| Balance of raised funds | 40,087.03 |
| Among them: Balance of raised funds account | 33,087.03 |
| Balance of structured deposits | 7,000.00 |
2. Storage and Management of Raised Funds
In accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Shenzhen Stock Exchange GEM Listing Rules," and other relevant laws, regulations, and normative documents, the Company has established a "Management System for Raised Funds" to ensure the standardized use of raised funds through clear regulations on storage, approval, usage, management, and supervision.
On August 13, 2024, the Company signed a "Tripartite Supervision Agreement" with China Merchants Bank Co., Ltd. Shenzhen Branch (hereinafter referred to as "China Merchants Bank Shenzhen Branch") and Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities") to open a special account for raised funds at China Merchants Bank Co., Ltd. Shenzhen Tairan Branch (Account No.: 755933480510001).
On the same day, the Company signed another "Tripartite Supervision Agreement" with China Construction Bank Co., Ltd. Shenzhen Longhua Branch (hereinafter referred to as "Construction Bank Shenzhen Longhua Branch") and Huatai United Securities to open a special account for raised funds at China Construction Bank Co., Ltd. Shenzhen Minzhi Branch (Account No.: 44250100016400005976).
Also on August 13, 2024, the Company signed a "Tripartite Supervision Agreement" with Bank of China Co., Ltd. Shenzhen Longhua Branch (hereinafter referred to as "Bank of China Shenzhen Longhua Branch") and Huatai United Securities to open a special account for raised funds at Bank of China Co., Ltd. Shenzhen Dalang Branch (Account No.: 775778567156).