Fund Usage & Investments Announcements

Beijing Wajin Ke (WJK) announces the completion of registration for its subsidiary, Beijing Huijin Zhichuang Technology Co., Ltd. (Huijin Zhichuang). WJK will hold a 35% stake in Huijin Zhichuang, with a registered capital of RMB 140 million. This marks a significant step in developing AI computing power services.

Zhejiang Winderful Fluid Equipment Technology Co., Ltd. announces the re-evaluation and extension of two fundraising projects: "Annual Production of 100 Million Valves and Hardware Products" and "R&D Center Construction Project." The extension is due to construction delays, with the expected completion date moved from July 2026 to July 2027. The company believes this decision will not significantly impact project returns or normal operations.

The company announces the completion of the private fund filing for the industrial investment fund it co-established. The fund, with a planned scale of RMB 300 million, has completed its industrial and commercial registration and received its private fund filing certificate. This marks a significant step in the company's investment strategy.

Shengde Xintai New Material Co., Ltd. announces the signing of tripartite supervisory agreements for its raised funds with Industrial Bank, China Merchants Bank, and CITIC Bank. The agreements aim to regulate the management, storage, and use of funds raised from the issuance of convertible bonds, ensuring investor protection and compliance with regulations.

Ningbo Lian Technology Co., Ltd. announces the maturity and redemption of wealth management products funded by temporarily idle raised capital. The company invested 1.1 billion yuan in total, with specific products maturing and being redeemed as detailed in the announcement. This action is part of the company's strategy to manage idle funds effectively.

GanYuan Food Co., Ltd. announces the re-evaluation and continued implementation of its "Phase VI Production Line Construction Project (1)". The project, initially planned but not yet commenced, is deemed necessary and feasible, aligning with strategic goals. The company will dynamically adjust implementation based on market conditions.

This announcement details the progress of a cooperation agreement between BK028 ENERGY LTD. and EVERGO RESOURCES LIMITED for an oil and gas exploration project in Canada. Due to underperformance of initial wells and market factors, the parties have agreed to a supplementary agreement to suspend further development of reserve blocks. This decision aims to mitigate risks and focus on improving production from existing wells.

Yongxing Special Materials' subsidiary, Yichun Shengyuan Lithium Industry, will inject its Jinzifeng Mine into Yifeng County Huaqiao Mining for RMB 2.692 billion. This capital injection will result in a 50% stake for Shengyuan Lithium in Huaqiao Mining, consolidating two adjacent mining rights to enhance resource utilization and production efficiency. The agreement aims to secure raw material supply for lithium carbonate production.

Luxshare Precision Industrial Co., Ltd. will use up to RMB 40 billion of idle own funds to purchase low-risk bank wealth management products. The purpose is to improve fund utilization and returns while ensuring capital safety and normal operations. The investment period is 12 months, and the funds can be used cyclically.

Beijing Chufang Technology Co., Ltd. announces the designation of a special settlement account for its raised funds cash management wealth management products. This aims to enhance the efficiency of utilizing temporarily idle raised funds while ensuring their safety and the normal operation of investment projects. The company will purchase low-risk wealth management products, with oversight from the audit committee and sponsor.

Beijing Beixin Communication Technology Co., Ltd. announces the progress of its joint investment in Anhui October High-end Intelligent Manufacturing Venture Capital Fund Partnership (Limited Partnership). The fund has completed industrial and commercial registration and obtained its business license. It has also completed filing with the Asset Management Association of China, receiving a Private Investment Fund Filing Certificate.

The company will terminate the "Yalian Machinery Wood-based Panel Production Line Equipment Integrated Manufacturing Base Project," use the surplus raised funds of RMB 143,481,352.48 to permanently supplement working capital, and terminate the four-party supervision agreement. This aims to improve fund utilization and operational efficiency. The matter requires shareholder approval.

This report details the use of funds raised by Guangzhou Guanghe Technology Co., Ltd. as of May 31, 2026. The company raised RMB 737.29 million, with net proceeds of RMB 653.46 million. The report outlines fund usage, including investment in projects and working capital, and confirms no significant deviations from planned use.

Guanghe Technology plans to invest RMB 6 billion to build a smart manufacturing headquarters in Dongguan, Guangdong. The project aims to expand production capacity and meet market demand. The company will fund the project through its own capital, bank loans, or other financing methods. The investment is not expected to materially impact the company's financial performance this year.

Hefei Xueqi Electric Co., Ltd. announces the completion of the filing of the Shanghai Lvjixing Jixian Chuangxin Private Equity Investment Fund Partnership (Limited Partnership) with a total fund size of RMB 181.8 million. The company has signed the partnership agreement and contributed RMB 20 million, representing 11.0010% of the total capital. The investment is not expected to significantly impact the company's current financial performance.

This announcement details the repayment of 30 million RMB in idle raised funds that were temporarily used to supplement working capital. The funds were approved for use for a period not exceeding 12 months and have been fully repaid to the dedicated account before the deadline. The company has notified its sponsor.

This report details the use of funds raised by Guangdong Yangshan Precision Manufacturing Co., Ltd. It outlines the total funds raised, their allocation to various projects including manufacturing and renewable energy, and the current status of these investments. The report also addresses any deviations from the original plan and the resulting financial outcomes.

Zhejiang Bofei Electric Co., Ltd. announced the redemption of a 4,000,000 RMB wealth management product, maturing on June 22, 2026, with an annualized yield of 0.40%-1.15%. The principal and 23.32 RMB in proceeds have been returned to the special account for raised funds.

Ningbo Huikang Industrial Technology Co., Ltd. has opened a dedicated settlement account for its raised funds cash management products with Founder Securities Co., Ltd. This account will be used for temporary idle raised funds to purchase low-risk investment products, aiming to increase fund returns without affecting project construction. The company will strictly control risks and comply with regulations.

Hunan Hualian Porcelain Co., Ltd. announced progress on its cash management plan. The company purchased wealth management products totaling 60 million RMB from CITIC Securities using idle own funds. These products have varying annualized yields and are not principal-guaranteed. The company aims to improve fund utilization without impacting its main business.

Shenzhen Oya Design Co., Ltd. announced the progress of its entrusted wealth management using idle funds. The company purchased wealth management products totaling RMB 6,000,000,000. These investments are within the authorized limits and are intended to improve fund utilization and increase returns without impacting daily operations. The company has implemented risk control measures and will continue to monitor the investments.

Changyou Technology Group Co., Ltd. will invest RMB 20 million as a limited partner in the Changzhou Zhirong Changyou Equity Investment Partnership (Limited Partnership). The fund, managed by Zhirong Private Fund Management (Nanjing) Co., Ltd., will focus on strategic emerging industries. This investment aims to explore new opportunities for industrial upgrading and business expansion, enhancing capital efficiency without impacting daily operations.

Liande Investment, a wholly-owned subsidiary, has completed the fundraising and filing for the Guangdong Dakangyuan Phase II Venture Capital Partnership. The fund's total committed capital is RMB 201.3 million, with Liande Investment contributing RMB 80 million for a 39.74% stake. The fund has completed its initial investment in target companies.

Shanghai Hanxun Information Technology Co., Ltd. announced the progress of using idle raised funds for cash management. The company has invested RMB 3.2 million in wealth management products, with an annualized yield of 1.00% or 1.62%. This is within the approved limit and does not affect normal operations.

Shenzhen Xinwangda Electronic Co., Ltd.'s wholly-owned subsidiary, Shenzhen Xineng Industry Development Technology Co., Ltd., will jointly establish a fund with professional investment institutions. The fund, Tianjin Kaixin Energy Storage Equity Investment Partnership (Limited Partnership), will have a registered capital of RMB 500 million, primarily investing in independent energy storage projects. This investment aims to leverage professional resources to enhance competitiveness and profitability in the energy storage sector.

Suzhou Tianhua New Energy Science & Technology Co., Ltd. announces its subsidiary, Yichun Shengyuan Lithium Industry Co., Ltd., will sign a capital increase and cooperation agreement with Yifeng County Huaqiao Yongtuo Mining Co., Ltd. The subsidiary will contribute its Jinzifeng Mine mining right, valued at RMB 269,200 million, to Huaqiao Mining Industry Co., Ltd. This aims to integrate mining rights, enhance resource utilization, and secure raw material supply for lithium carbonate production.

Foshan Union Technology Co., Ltd. is opening new special settlement accounts for cash management of temporarily idle raised funds and its own funds. The company is also closing a previously opened account as it will no longer be used. This action is in compliance with relevant regulations.

The company announced the redemption of maturing wealth management products and the continuation of wealth management with idle own funds. The total amount for wealth management with idle own funds is RMB 140,000 million, and the total amount for idle raised funds is RMB 82,400 million. The company aims to improve fund utilization and generate investment returns.

Zhejiang Zhaofeng Electromechanical Co., Ltd. announces the completion of its acquisition of a 12.6537% stake in Jiaxing Jiuzhao Xinyi Equity Investment Partnership (Limited Partnership) for RMB 26.75 million. The company has become a limited partner, and the target fund has completed its business registration. The company will continue to monitor the fund's progress.

Zhejiang Jindaokeji Co., Ltd. announces progress on its wealth management activities. The company has redeemed some products and continued investing idle funds, not exceeding the approved limit of RMB 400 million. This initiative aims to optimize fund utilization and increase returns without impacting core business operations.

Jinpu Garden Co., Ltd. announced the maturity and redemption of wealth management products purchased with temporarily idle raised funds. The company redeemed principal of RMB 20 million and earned RMB 25,479 in income. This redemption is part of the company's strategy to manage idle raised funds, with total investments not exceeding the authorized limit.

Shenzhen Huichuangda Technology Co., Ltd. announces the opening of special accounts for its raised funds and the signing of a four-party supervisory agreement. This aims to regulate fund management, protect investor rights, and improve fund utilization for the "Optical Guide Component and Signal Transmission Component Expansion" project. The agreement involves the company, a subsidiary, the bank, and the sponsor.

Zhejiang Weixing Intelligent Instrument Co., Ltd. announces the redemption of wealth management products. The company redeemed a structured deposit product from Ningbo Bank with a principal of RMB 30 million, earning RMB 155,013.70 in interest. The total amount of outstanding wealth management products purchased with idle funds is RMB 4,000 million, which is within the authorized limit.

Suzhou Shijia Technology Co., Ltd. announces that it does not need to prepare a report on the use of previous raised funds for its private placement of shares. This is because the company's previous fundraising was more than five fiscal years ago, and no significant changes have occurred in the use of those funds. Consequently, no auditor's report is required.

Sichuan Guoguang Agrochemical Co., Ltd. announces the completion of establishment registration for its subsidiary, Chongqing Guoguang Shuangfeng Agrochemical Co., Ltd. The subsidiary has obtained its business license and is registered with a capital of RMB 10 million. Its business scope includes pesticide wholesale and retail, as well as related technical services.

Yixintang Pharmaceutical Group Co., Ltd. has utilized a portion of its temporarily idle own funds for cash management, as authorized by the 2025 Annual General Meeting. The company recently entered into structural deposit agreements with Huaxia Bank, subscribing to products totaling 100 million RMB. These investments are part of the company's strategy to improve capital efficiency while maintaining low-risk, liquidity-focused financial management.

Shanghai Liangxin Electric Appliances Co., Ltd. is making progress in using its idle funds to purchase financial management products. The company has signed agreements with Industrial Bank and Ningbo Bank for structured deposits totaling RMB 40 million. This initiative aims to improve fund utilization and enhance overall performance without impacting normal operations.

Beijing Fengjing Automotive Parts Co., Ltd. announces the completion of its 2GWh lithium battery project's first phase, achieving mass production readiness. The new lithium titanate batteries offer enhanced safety, faster charging, and extended lifespan, meeting national standards. The company is now in customer negotiations, positioning the project as a strategic growth driver.

Dongguan Kingsun Optoelectronic Co., Ltd. has utilized idle raised funds and own funds for cash management in accordance with board and shareholder resolutions. The company invested 416.43 million RMB in various short-term, principal-protected financial products to improve capital efficiency. These investments are conducted under strict risk control measures and do not impact the company's daily operations or main business activities.

Beijing Leader High-Temperature Materials Co., Ltd. announces progress on its joint investment with Beijing Fangyuan Jin Ding Investment Management Co., Ltd. The fund's capital was reduced from RMB 365.5 million to RMB 258.95 million. Two limited partners withdrew, and a new limited partner, Ni Zuben, joined by transferring shares and making new contributions.

Henan Huihuang Software Co., Ltd., a wholly-owned subsidiary of Henan Huihuang Technology Co., Ltd., will invest RMB 5 million in the "Gongqingcheng Huihua No. 21 Venture Capital Partnership (Limited Partnership)". The partnership aims to invest in Beijing Sanqi Wanwu Technology Co., Ltd. This investment is funded by the company's own capital and is not expected to significantly impact the company's financial performance or operations.

iFlytek Co., Ltd. is adding wholly-owned subsidiaries as co-implementers for two fundraising projects to improve fund utilization and project implementation. This change does not alter the project scope or fundraising plan and is within the board's approval authority. The company will transfer funds internally.

iFlytek Co., Ltd. announces the signing of a four-party supervisory agreement for its raised funds with its wholly-owned subsidiaries and the sponsoring institution, Guoyuan Securities. The agreement aims to standardize the management of raised funds and protect investor interests. The agreement details the responsibilities of each party in supervising the use of funds for specific investment projects.

iFlytek Co., Ltd. announces the use of raised funds to repay RMB 17,478.44 million for the "Spark Education Large Model and Typical Products" project and RMB 224.46 million for issuance expenses, previously funded by self-raised capital. This action aligns with the company's prospectus and relevant regulations, ensuring no change in fund usage or harm to shareholder interests.

iFlytek will use its own funds and bank acceptance drafts to pay for part of its fundraising projects and offset these payments with raised funds. This measure aims to improve fund utilization and project progress, adhering to regulations and ensuring no change in fund allocation or harm to shareholder interests. The process involves internal approval and oversight by the sponsor.

Guangdong Demeier Chemical Group Co., Ltd. proposes to increase capital by RMB 100 million in its subsidiary, Zhejiang Derong Chemical Co., Ltd., using its own funds. The subsidiary's other shareholder, Zhejiang Petrochemical Co., Ltd., will also contribute RMB 100 million proportionally. This capital increase aims to support the subsidiary's business development and daily operations.

Zhejiang Weigang Technology Co., Ltd. announces a reduction in its investment in the "Dingxin Future" fund from RMB 31.8 million to RMB 14.32 million due to market changes. Existing limited partners are withdrawing, and new partner Ni Zuben is joining. The fund's total scale is reduced to RMB 258.95 million. This adjustment does not affect the fund's investment direction or the company's operations.

Haian Rubber Group Co., Ltd. announces the progress of its joint investment with professional investment institutions. The company invested RMB 10 million in two investment funds, Jiaxing Lingze Venture Capital Partnership (Limited Partnership) and Jiaxing Zishuo Jimei Venture Capital Partnership (Limited Partnership). Both funds have completed their fundraising, with the company's investment fully subscribed and paid up.

Anhui Tuoshan Heavy Industry Co., Ltd. announced the repayment of 10,000,000 yuan of idle raised funds that were temporarily used to supplement working capital. The funds were used within the authorized period and did not affect the implementation of the company's investment projects. The repayment has been completed and notified to the sponsors.

The company announces an update on its joint investment with Beijing Huagai Chuangying Private Equity Fund Management Co., Ltd. in Xinxin Xiangrong (Tianjin) Artificial Intelligence Venture Capital Partnership (Limited Partnership). The total capital commitment of the fund has been adjusted to RMB 9,350 million, with Beijing Huaxia Visual Technology Group Co., Ltd.'s contribution now representing 32.09%. The change does not materially impact the company's operations or financial status.