Nabichuan New Energy Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no 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 and the "Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies" issued by the Shenzhen Stock Exchange, the following is a special explanation of the storage, management, and use of raised funds by Nabichuan New Energy Co., Ltd. for the year 2025:
I. Basic Situation of Raised Funds
(1) Situation of Funds Raised from Initial Public Offering
With the approval from the China Securities Regulatory Commission regarding the registration of Nabichuan New Energy Co., Ltd.'s initial public offering of shares (Approval No. [2025] 2101), the Company issued 27,917,400 shares of RMB ordinary shares (A shares) at a price of RMB 22.63 per share, raising a total of RMB 631.77 million. After deducting various issuance expenses, the actual net amount raised was RMB 555.55 million. The raised funds were transferred to the Company's designated account on December 12, 2025. Tianjian Accounting Firm (Special General Partnership) verified the arrival of the raised funds on December 12, 2025, and issued a "Verification Report" (Tianjian Verification [2025] No. 440). The Company has implemented special account storage management for the raised funds as required, and all funds have been deposited in the special account for raised funds. The Company and its subsidiaries have signed a multi-party supervision agreement with the sponsor and the commercial bank holding the raised funds.
(2) Usage and Balance of Raised Funds in 2025
In 2025, the Company did not use any raised funds for investment projects. As of December 31, 2025, the balance of unused raised funds was RMB 565.01 million (including RMB 9.45 million of unpaid and prepaid issuance expenses, and net interest income of RMB 0.74 million after deducting handling fees), all of which are stored in the special account for raised funds.
II. Storage and Management of Raised Funds
(1) Management of Raised Funds
To standardize the management and use of raised funds and protect the rights and interests of investors, the Company has formulated a "Management System for Raised Funds" in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Rules for the Listing of GEM Stocks on the Shenzhen Stock Exchange," and "Self-Regulatory Guidelines No. 2 for the Standard Operation of GEM Listed Companies," combined with the actual situation of the Company. The Company, together with the sponsor Zheshang Securities Co., Ltd., signed a "Three-Party Supervision Agreement" with the Taishun County Branch of Bank of China and the Wenzhou Ruian Branch of China Merchants Bank; the Company and its subsidiary Nabichuan (Chuzhou) New Energy Technology Co., Ltd. signed a "Four-Party Supervision Agreement" with the Wenzhou Ruian Branch of Huaxia Bank, Wenzhou Ruian Branch of China Minsheng Bank, and Wenzhou Ruian Branch of CITIC Bank to implement strict approval for the use of raised funds to ensure that the funds are used for their intended purpose. The aforementioned three-party and four-party supervision agreements do not have significant differences from the "Three-Party Supervision Agreement (Template)" of the Shenzhen Stock Exchange. As of December 31, 2025, the Company has stored and used raised funds in accordance with the provisions of the supervision agreements.
(2) Balance of Special Accounts for Raised Funds
As of December 31, 2025, the balance of the special account for raised funds is as follows: