Xuanwu Technology Co., Ltd. Announcement on the Cancellation of Partial Fundraising Special Accounts

Securities Code: 688049
Securities Abbreviation: Juxin Technology
Announcement No.: 2026-007

Juxin Technology Co., Ltd. Announcement on the Cancellation of Some Special Accounts for Raised Funds

The company’s board of directors and all directors guarantee that the content of this announcement is free from any false records, misleading statements, or major omissions, and bear legal responsibility for its truthfulness, accuracy, and completeness.

Juxin Technology Co., Ltd. (hereinafter referred to as “Juxin Technology” or “the Company”) opened a dedicated account for raised funds in accordance with relevant laws, regulations, and normative documents during its initial public offering of shares. Recently, the company completed the cancellation procedures for some of these special accounts. The details are as follows:

1. Basic Information on Raised Funds

According to the “Approval of the China Securities Regulatory Commission for the Registration of Juxin Technology Co., Ltd.'s Initial Public Offering” (Securities Permit [2021] No. 3301), the company, through lead underwriter Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. (hereinafter “Shenwan Hongyuan Underwriting and Sponsoring” or “the Sponsor”), adopted a balance underwriting method to publicly issue 30.5 million RMB ordinary shares (A-shares) at a price of RMB 42.98 per share, raising a total of RMB 1,310.89 million. After deducting underwriting and sponsorship fees of RMB 90.42 million (excluding VAT), the net raised funds amounted to RMB 1,194.87 million. These funds were transferred into the company’s raised funds supervision account by Shenwan Hongyuan on November 24, 2021. After deducting external costs directly related to the issuance, such as online issuance fees, prospectus printing fees, accountant fees, legal fees, and valuation fees totaling RMB 25.60 million (excluding VAT), the net amount of raised funds is RMB 1,194.86 million. The receipt of funds has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued the “Capital Verification Report” (Tianjian Verification [2021] No. 7-124). After the funds were received, the company deposited them into a dedicated account, and the company, the sponsor, and the bank holding the account signed the “Tripartite Supervision Agreement for the Deposit of Raised Funds”; the company and its subsidiary Hefei Juxin Intelligent Technology Co., Ltd., the sponsor, and the bank also signed the “Quadripartite Supervision Agreement for the Deposit of Raised Funds.”

2. Opening of the Special Accounts for Raised Funds

As of June 30, 2025, the management and use of the company’s raised funds are detailed in the “Special Report on the Deposit and Actual Use of Raised Funds for the First Half of 2025,” disclosed on the Shanghai Stock Exchange website (www.sse.com.cn) on August 25, 2025 (Announcement No.: 2025-057).

As of the date of this announcement, the status of the initial public offering special accounts for raised funds is as follows:

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3. Details of the Partially Cancelled Raised Funds Accounts

The “Smart Bluetooth Audio Chip Upgrade and Industrialization Project” has been completed and is operational as planned. This project has a dedicated account at the Zhuhai Branch of Bank of Communications Co., Ltd. (Account No.: 444000091013000650586, 444000091013000513090). The “Ultra-Low Power MCU Development and Industrialization Project for Wearables and IoT” has also been completed and is operational as planned, with a dedicated account at the Zhuhai High-tech Branch of China Merchants Bank Co., Ltd. (Account No.: 656900807310888, 656900796910725). The remaining funds from these projects have been fully transferred to the company’s own funds account, and the dedicated accounts for these projects are no longer in use. To facilitate the management of the raised funds accounts, the company has decided to cancel these accounts.

This announcement is hereby made.

Juxin Technology Co., Ltd. Board of Directors

March 17, 2026