Progress Announcement on the Use of Idle Raised Funds for Cash Management

The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the announcement content, without false records, misleading statements, or significant omissions, and assume individual and joint legal responsibilities for the truthfulness, accuracy, and completeness of its content.

I. Cash Management of Authorized Idle Raised Funds

（ 1） On July 31, 2025, Hunan Guangxin Technology Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the sixth board of directors and the fifth meeting of the sixth board of supervisors to review and approve the "Proposal on Using Idle Raised Funds for Cash Management", agreeing to use temporary idle raised funds with a limit not exceeding RMB 180 million (including this amount) for cash management, to purchase high security, good liquidity, and low-risk principal guaranteed wealth management products (including but not limited to structured deposits, fixed-term deposits, large denomination certificates of deposit, etc.), with a use period not exceeding 12 months from the date of approval by the Company's board of directors. Within the above limit and period, the funds Can be used for cyclic scrolling, The board of directors authorizes the chairman to exercise relevant investment decision-making power and sign relevant documents, and the finance department is responsible for organizing and implementing specific matters and handling related matters. The company's use of idle raised funds to purchase financial products this time does not involve a disguised change in the use of raised funds, and does not affect the normal operation of the raised funds investment plan. Dongxing Securities Co., Ltd., the sponsor of the company, has issued an undisputed verification opinion on this matter. For specific details, please refer to the information disclosure platform designated by the company on the Beijing Stock Exchange on August 4, 2025（ www.bse.cn ）The disclosed "Cash Management Announcement for the Use of Idle Raised Funds" (Announcement No.: 2025-079).

(II) Disclosure Standards According to the relevant provisions of the "Beijing Stock Exchange Listing Rules", if the transaction amount accounts for more than 10% of the latest audited net assets of the listed company and exceeds 10 million yuan, it should be disclosed; If a listed company engages in financial management for 12 consecutive months, the highest balance during that period shall be used as the transaction amount, and the above standards shall apply. The amount of idle raised funds used by the company for cash management this time is 70.1 million yuan. As of the date of this announcement, the company's unexpired balance of idle raised funds used for cash management is 17.79 million yuan, accounting for 34.65% of the company's audited net assets for the year 2024. According to the relevant provisions of the Listing Rules of the Beijing Stock Exchange, the amount of idle raised funds used by the company for cash management meets the disclosure standards and is now disclosed.

2、 The cash management situation of this fundraising

(1) Basic information of this cash management product

(2) Explanation of using idle fundraising funds for cash management. The products used by the company for cash management this time are bank structured deposits and combination deposits with low market risk, which can meet the requirements of high safety, good liquidity, and ensuring the safety of principal.

(III) The cumulative cash management amount does not exceed the authorized limit.

(IV) Information on the trustee and fund user of this cash management product

1. The entrusted parties of this cash management product are Shanghai Pudong Development Bank Co., Ltd. Changsha Branch and China Merchants Bank Co., Ltd. Changsha Branch. The board of directors of the company has conducted necessary investigations on the basic information, credit situation, and transaction performance ability of the entrusted parties. The entrusted parties have a good credit situation and possess transaction performance ability. 2. This cash management does not constitute a related party transaction.

III. The company's internal control over cash management related risks

(1) The company will timely track and analyze the investment direction and project progress of each investment product. Once adverse factors are discovered or judged, corresponding preservation measures will be taken in a timely manner to control investment risks;

(2) Independent directors and audit committees have the right to supervise and inspect the use of funds, and may hire professional institutions to conduct audits when necessary; （3） The use of funds shall be reported by the company's financial officer to the board of directors; （4） The company will fulfill its information disclosure obligations in a timely manner in accordance with the relevant regulations of the Beijing Stock Exchange. 4、 The risk warning company's use of idle raised funds for cash management products this time belongs to bank structured deposits and combination deposits. Although investment products have undergone strict screening and evaluation, the financial market is greatly influenced by macroeconomic factors, and it cannot be ruled out that this investment product may be affected by market fluctuations. Investors are reminded to pay attention to investment risks.

Fifth, from the authorization of the company's decision-making process until the date of this announcement, the situation of the company's cash management

(1) The situation of entrusted wealth management that has not yet expired

(2) The situation of entrusted wealth management that has expired

VI. Documents for reference

Product manual and business vouchers for cash management

Board of Directors of Hunan Guangxin Technology Co., Ltd.

2025 On October 10th of the year