Announcement on Cancelling Part of the Special Account for Raised Funds

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. Overview of Fundraising

Hunan Guangxin Technology Co., Ltd. (hereinafter referred to as "the Company") publicly issued stocks to unspecified qualified investors and applied for listing on the Beijing Stock Exchange. On April 23, 2025, it was approved by the Listing Committee of the Beijing Stock Exchange, and on May 20, 2025, it obtained the "Approval of Hunan Guangxin Technology Co., Ltd.'s Registration for Public Issuance of Stocks to unspecified qualified investors" issued by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"). Securities Regulatory License [2025] No. 1078. The company has issued 23 million shares of stock to unspecified qualified investors (after exercising the over allotment option) at a price of RMB 10 per share, raising a total of RMB 230000000.00 (after exercising the over allotment option). After deducting the non tax issuance expenses of RMB 31139622.65 (after exercising the over allotment option), the net amount raised is RMB 198860377.35 (after exercising the over allotment option). The raised funds have been transferred to the designated accounts of the company on June 19, 2025 and July 28, 2025, respectively. The above-mentioned fundraising situation has been verified by Tianjian Certified Public Accountants (Special General Partnership), and a "Verification Report" (Tianjian Yan [2025] No. 2-6) and (Tianjian Yan [2025] No. 2-12) have been issued.

II. Signing of the Fundraising Supervision Agreement

In order to standardize the management of the company's fundraising and protect the rights and interests of investors, in accordance with the relevant laws, regulations, and normative documents such as the "Beijing Stock Exchange Listing Rules" and the "Beijing Stock Exchange Continuous Supervision Guidelines for Listed Companies No. 9- Fundraising Management", the company has opened a special account for fundraising to deposit the funds raised for the issuance of stocks to unspecified qualified investors. The company has signed separate "Fundraising Funds" agreements with the commercial banks that deposit the fundraising funds and Dongxing Securities Co., Ltd. Tripartite Regulatory Agreement. As of the disclosure date of this announcement, the specific situation of the company's fundraising special account is as follows:

III. Cancellation of the fundraising special account

The funds in the fundraising special account (bank account number: 1906029019100169873) opened by the company at the Shaoyang Branch of Industrial and Commercial Bank of China Limited have been used up according to the established purpose, and the account balance is currently 0.00 yuan. In order to reduce management costs, the company has decided to cancel the special account. Cancel it. As of the date of this announcement, the company has completed the cancellation procedures for the account. After the cancellation of the account

, the "Three party Supervision Agreement for Fundraising" between the company and the sponsoring institution Dongxing Securities Co., Ltd. and the Shaoyang Branch of Industrial and Commercial Bank of China Limited shall be terminated accordingly. The cancellation of the company's fundraising account does not change the purpose of the raised funds and does not affect the plan for the use of the raised funds. The company will continue to use and manage the raised funds in accordance with the "Fundraising Management System" and the project implementation plan.

4. The reference document

"Application for Revocation of Bank Settlement Account"

is hereby announced.

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

2025 November 13th