Stock code: 688003 Stock abbreviation: TZTEK Announcement No.: 2025-006

Suzhou TZTEK Technology Co., Ltd

Report on the use of the funds raised in the previous session

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

In accordance with the provisions of the Guidelines for the Application of Regulatory Rules - Issuance No. 7 issued by the China Securities Regulatory Commission, Suzhou TZTEK Technology Co., Ltd. (hereinafter referred to as the "Company", "the Company" or "TZTEK")

The use of the funds raised in the previous round ended September 30, 2024 is reported as follows:

1. The previous fund-raising

(1) The situation of the previous raised funds in place

The Company was approved by the China Securities Regulatory Commission (CSRC) in the Reply on Agreeing to the Registration of the Initial Public Offering of Shares of Suzhou TZTEK Technology Co., Ltd. (Zheng Jian Xu Xu [2019] No. 1084), and the lead underwriter, Haitong Securities Co., Ltd., issued 48.40 million RMB ordinary shares (A shares) to the public through your system by means of directional placement, offline placement and online pricing, at an issue price of RMB 25.50 per share, raising a total of RMB 25.50 per share 123,420.00 yuan, deducting the underwriting commission of the brokerage and

After the sponsor fee of 81.5038 million yuan, the lead underwriter Haitong Securities Co., Ltd. remitted it on July 8, 2019

The account of Bank of Ningbo Suzhou High-tech Industrial Development Zone Sub-branch (account number: 75050122000313442) and the account of Bank of Suzhou Science and Technology City Sub-branch (account number: 51875800000729) of RMB 627.6962 million were added to the supervision account of the Company. After deducting 19.427 million yuan of new external expenses related to the issuance of equity securities, such as audit fees, lawyer fees, appraisal fees and online issuance fees, the net amount of funds raised by the company this time was 1133.2692 million yuan. The above-mentioned raised funds have been approved by Ruihua accountants

The firm (special general partnership) audited, and it issued the "Capital Verification Report" on July 8, 2019 (Rui

Hua Yan Zi [2019] No. 33130002).

(2) The storage of the special account for the previous raised funds

As of September 30, 2024, the storage of the previous raised funds is as follows:

Bank Account Number Initial Deposit Amount Balance Remarks

Bank of Ningbo Co., Ltd. Su

State High-tech Industrial Development Zone Branch 75050122000313442 525,000,000.00 16,889,942.77 -

Yes

Bank of Suzhou Co., Ltd. Section 51875800000729 627,696,226.44 - September 2024

The technical city sub-branch has been closed on the 20th

Total - 1,152,696,226.44 16,889,942.77

2. Description of the actual use of the funds raised in the previous round

The net amount of funds raised by the company in the previous round was 1133.2692 million yuan, of which 133.2692 million yuan was over-raised

Yuan. According to the purpose of the raised funds, it is planned to be used for "machine vision and intelligent manufacturing equipment construction project", "R&D base construction project" and "supplementary working capital", with a total investment of 100,000.00 yuan.

The company over-raised funds of 133.2692 million yuan and used idle raised funds as of September 30, 2021

Cash management to achieve cash management income of 10.023 million yuan, a total of 143.2922 million yuan, according to the purpose of the over-raised funds, it is planned to be used for "an annual output of 1000 units/sets of machine vision-based intelligent detection system and production line new project", with a total project investment of 50,000.00 yuan.

As of September 30, 2024, 101,314.56 million yuan has actually been invested. "Previous Fundraising

A comparison table of the use of gold is attached to Annex 1 of this report.

3. Changes in the previous fundraising

(1) Changes in the actual investment projects of the previous raised funds

Committed investment before the change Committed investment after the change Committed investment after the change

The reason for the change in the amount of investment funds in the previous fundraising

Project Name Amount Project Name Investment Amount Proportion of Net Funds

(10,000 yuan) (10,000 yuan) (%)

Annual output 1000 units/set 27,049.03 23.87 [Note]

Machine vision-based

Committed investment before the change Committed investment after the change Committed investment after the change

The reason for the change in the amount of investment funds in the previous fundraising

Project Name Amount Project Name Investment Amount Proportion of Net Funds

(10,000 yuan) (10,000 yuan) (%)

Intelligent detection system and

New production line construction project

Note: According to the fifth meeting of the third board of directors and the fifth meeting of the third board of supervisors held by the company on September 29, 2021

The meeting and the "On the Use of Over-raised Funds" deliberated and approved by the first extraordinary general meeting of shareholders in 2021 on October 18, 2021

The total investment amount of "annual output of 1000 units/sets of machine vision-based intelligent detection system and new production line project" is 50,000 yuan, and the company intends to use 143,292,200 yuan of over-raised funds to invest in the construction of the project, and the insufficient part is solved through its own funds or self-raised funds.

According to the company's 18th meeting of the 3rd board of directors and the 10th meeting of the third board of supervisors on January 6, 2023

The proposal on the completion of part of the initial public offering of shares and the permanent replenishment of the working capital with the surplus raised funds was deliberated and passed by the eighth meeting, and it was agreed that the surplus raised funds of the "R&D base construction project" would be permanent

Replenish liquidity, and on January 10, 2023, the company issued a supplementary announcement to raise funds from the above-mentioned savings

127.1981 million yuan (including 103.954 million yuan of surplus funds for the construction project of the R&D base, and 23.2441 million yuan of net cash management income after deducting handling fees) were all used for "an annual output of 1,000 units/sets of intelligent detection systems based on machine vision and new production line projects".

(2) A statement of the discrepancy between the actual total investment of the previous fund-raising project and the commitment

The difference between the actual total investment and the total committed investment of the previous fund-raising project is as follows:

(Unit: 10,000 yuan)

Investment project Pre-fundraising commitment Post-fundraising commitment Actual investment fundraising Difference amount Reason for difference

Total Total Investment Total Funding

Machine Vision and Intelligent Manufacturing 47,500.00 47,500.00 33,382.41 -14,117.59 [Note 1]

Equipment construction projects

R&D base construction project 27,500.00 27,500.00 17,104.60 -10,395.40 [Note 2]

Replenishment of liquidity 25,000.00 25,000.00 25,000.00 - -

Annual output of 1000 units/set based

Intelligent Detection of Machine Vision - 27,049.03 25,827.55 -1,221.48 Under construction

New construction of systems and production lines

[note 2]

Total 100,000.00 127,049.03 101,314.56 -25,734.47

[Note 1] According to the 8th meeting of the 3rd Board of Directors and the 8th meeting of the 3rd Board of Supervisors held by the Company on January 21, 2022

The meeting deliberated and approved the "On the Initial Public Offering of Shares Part of the Fund-raising Projects Completion and the Permanent Replenishment of the Surplus Raised Funds."

According to the actual situation of the fund-raising project and the company's capital needs, the company agreed to use the surplus raised funds of the "machine vision and intelligent manufacturing equipment construction project" to permanently supplement the company's working capital.

[Note 2] For details, please refer to Article 3 (1) of this report "Changes in the actual investment projects of the previous raised funds".

4. Explanation of the transfer and replacement of the previous raised funds in the early investment project

On July 24, 2019, the 11th meeting of the second board of directors and the 8th meeting of the second board of supervisors of the company deliberated and passed the "Proposal on Using Raised Funds to Replace the Self-raised Funds Invested in Advance", agreeing to replace the self-raised funds that have been invested in the fund-raising projects with 6,482.85 yuan of raised funds, and agreeing to replace the issuance expenses paid with self-raised funds with 1.5204 million yuan of raised funds, and using a total of 66.3489 million yuan of raised funds to replace the self-raised funds invested in advance. The independent directors of the Company have expressed an independent opinion on the above matters with which they express their unequivocal agreement. Ruihua Certified Public Accountants (Special General Partnership) has conducted a special verification of the company's self-raised funds invested in the fund-raising project in advance, and issued the "Ruihua Hezi [2019] No. 33130023)" "Assurance Report on the Report on the Investment Project of Suzhou TZTEK Technology Co., Ltd. with Self-raised Funds in Advance". Haitong Securities Co., Ltd., the sponsor of the company, issued the "Special Verification Opinions of Haitong Securities Co., Ltd. on the Use of Raised Funds by Suzhou TZTEK Technology Co., Ltd. to Replace the Self-Raised Funds Invested in Advance Fund-raising Projects by Suzhou TZTEK Technology Co., Ltd.", and had no objection to the company's use of 64.8285 million yuan of raised funds to replace the self-raised funds invested in the fund-raising projects in advance, and the use of 1.5204 million yuan of raised funds to replace the self-raised funds paid for the issuance expenses.

On August 20, 2019, the company held the twelfth meeting of the second board of directors and the ninth meeting of the second session of supervisors, and deliberated and passed the "Proposal on Using Bank Acceptance Bills to Pay the Funds Required for the Fund-raising Project and Replacing the Funds with the Raised Funds in the Same Amount", and agreed that during the implementation of the investment project of the initial public offering of shares to raise funds, part of the funds raised by the fund-raising project will be paid (or endorsed for transfer payment) by bank acceptance bill, and then the equivalent amount of funds will be transferred from the special account for raised funds to the general settlement account. The independent directors issued an independent opinion with express agreement, and the sponsor, Haitong Securities Co., Ltd., issued a clear verification opinion on this matter.

5. The benefits of the investment projects of the previous raised funds

(1) A comparative explanation of the benefits realized by the investment projects of the previous raised funds

The "Comparison Table of the Realized Benefits of the Investment Projects of the Previous Raised Funds" is detailed in Annex 2 of this report.

(2) A statement of the fact that the benefits of the previous fund-raising investment project cannot be separately calculated

The R&D base construction project does not directly generate economic benefits. The benefits of the project will be reflected in the economic benefits generated by the transformation of R&D results into products in the future, and the economic benefits cannot be accounted for separately.

(3) The difference between the cumulative realized income and the promised cumulative income of the previous raised funds investment project

bright

There is no situation where the cumulative realized income of the previous raised funds investment project is less than 20% (including 20%) of the commitment.

6. A description of the operation of the relevant assets involved in the previous issuance involving the subscription of shares with assets

There is no situation where the previous fundraising involved the subscription of shares with assets.

7. Description of idle raised funds

(1) Cash management of idle raised funds and investment in related products

On July 24, 2019, the company held the 11th meeting of the second board of directors and the 8th meeting of the second board of supervisors

At the meeting, the "Proposal on the Use of Idle Raised Funds for Cash Management" was deliberated and approved, and it was agreed that the company should use idle raised funds with a limit of no more than RMB 700 million (including this amount) to carry out cash management under the condition of ensuring that the progress of the investment projects of the raised funds is not affected, the normal production and operation of the company is not affected, and the safety of funds is ensured. In order to control the risk of using the raised funds, the company uses the temporarily idle raised funds to invest in fixed deposits or structured deposits with high security and good liquidity, and the issuer is a bank with guaranteed principal, and the term of the investment products does not exceed 12 months. In addition, such cash management products shall not be used for pledge and shall not be used for investment activities for the purpose of securities investment. Within the above limit, the funds can be used on a rolling basis, and the use period is valid for 12 months from the date of approval by the board of directors of the company. The board of directors authorizes the chairman of the board of directors to exercise the decision-making power and sign relevant legal documents, and the company's finance department is responsible for organizing and implementing specific matters. The independent directors expressed their independent opinions, and the sponsor, Haitong Securities Co., Ltd., issued the "Special Verification Opinion of Haitong Securities Co., Ltd. on the Use of Idle Raised Funds by Suzhou TZTEK Technology Co., Ltd. for Cash Management" on this matter, and had no objection to the above-mentioned use of idle raised funds for cash management.

On July 24, 2020, the company held the 18th meeting of the second board of directors and the 10th meeting of the second board of supervisors

At the fourth meeting, the "Proposal on the Use of Idle Raised Funds for Cash Management" was deliberated and approved, and it was agreed that the company should use the idle raised funds with a limit of no more than RMB 700 million (inclusive) to carry out cash management under the condition of ensuring that the progress of the investment projects of the raised funds is not affected, the normal production and operation of the company are not affected, and the safety of funds is ensured. In order to control the risk of using the raised funds, the company uses the temporarily idle raised funds to carry out cash management through structured deposits and other deposit methods or the purchase of short-term principal-guaranteed wealth management products with high security, good liquidity and less than one year, and the term of investment products does not exceed 12 months. In addition, such cash management products shall not be used for pledge and shall not be used for investment activities for the purpose of securities investment. Within the above limits, funds can be rolled over

The term of use is valid for 12 months from the date of approval by the board of directors of the company. The board of directors authorizes the chairman of the board of directors to exercise the decision-making power and sign relevant legal documents, and the company's finance department is responsible for organizing and implementing specific matters. The independent directors expressed their independent opinions, and the sponsor, Haitong Securities Co., Ltd., issued the "Special Verification Opinion of Haitong Securities Co., Ltd. on the Use of Idle Raised Funds by Suzhou TZTEK Technology Co., Ltd. for Cash Management" on this matter, and had no objection to the above-mentioned use of idle raised funds for cash management.

On July 23, 2021, the company held the third meeting of the third board of directors and the third meeting of the third board of supervisors

The meeting deliberated and passed the "Proposal on the Use of Idle Raised Funds for Cash Management", and agreed that the company should use the temporarily idle raised funds with a limit of no more than RMB 500 million (including this number) for cash management, and the use period shall be valid for 12 months from the date of deliberation and approval by the board of directors of the company, and can be used on a rolling basis within the validity period of the above amount and resolution. The independent directors expressed their independent opinions, and the sponsor, Haitong Securities Co., Ltd., issued the "Special Verification Opinion of Haitong Securities Co., Ltd. on the Use of Idle Raised Funds by Suzhou TZTEK Technology Co., Ltd. for Cash Management" on this matter, and had no objection to the above-mentioned use of idle raised funds for cash management.

On July 22, 2022, the company held the 13th meeting of the 3rd board of directors and the 10th meeting of the third board of supervisors

The three meetings deliberated and passed the "Proposal on the Use of Idle Raised Funds for Cash Management", and agreed that the company should use the temporarily idle raised funds with a quota of no more than RMB 200 million (including this amount) for cash management, and the use period shall be valid for 12 months from the date of deliberation and approval by the board of directors of the company, and can be used on a rolling basis within the validity period of the above amount and resolution. The independent directors expressed their independent opinions, and the sponsor, Haitong Securities Co., Ltd., issued the "Verification Opinions of Haitong Securities Co., Ltd. on the Use of Idle Raised Funds by Suzhou TZTEK Technology Co., Ltd. for Cash Management" on this matter, and had no objection to the above-mentioned use of idle raised funds for cash management.

As of September 30, 2024, the Company's above-mentioned time deposits, structured deposits and wealth management products have been completed

Ministry of redemption.

(2) Use idle raised funds to temporarily supplement liquidity

On March 9, 2021, the company held the 26th meeting of the second board of directors and the second board of supervisors

At the 19th meeting, the "Proposal on Using Part of the Idle Raised Funds to Temporarily Replenish Liquidity" was deliberated and approved, and the company intends to use the idle raised funds with a limit of no more than RMB 100 million (inclusive) to temporarily supplement the working capital, and the use period shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company. The independent directors of the Company expressed their independent opinions on the above matters. The company used 10,000 yuan of idle funds to raise funds

It was used to temporarily replenish liquidity, which was recovered within the deadline.

On March 25, 2022, the company held the ninth meeting of the third board of directors and the ninth meeting of the third board of supervisors

At the meeting, the "Proposal on Using Part of the Idle Raised Funds to Temporarily Replenish Liquidity" was deliberated and approved, and the company intends to use the idle raised funds with a limit of no more than RMB 20,000 (inclusive) to temporarily supplement the working capital, and the use period shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company. The company used 20,000 yuan of idle raised funds for temporary replenishment of liquidity, which was recovered within the time limit.

On April 28, 2023, the company held the 19th meeting of the 3rd board of directors and the 10th meeting of the third board of supervisors

At the ninth meeting, the "Proposal on Using Part of the Idle Raised Funds to Temporarily Supplement Liquidity" was deliberated and approved, and the company intends to use the idle raised funds with a limit of no more than RMB 100 million (inclusive) to temporarily supplement the working capital, and the use period shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company. The company used 80 million yuan of idle raised funds for temporary replenishment of liquidity, which was recovered within the time limit.

8. Explanation of the balance of the previous raised funds and the use of the surplus raised funds

As of September 30, 2024, the use and balance of the proceeds are as follows:

(Unit: 10,000 yuan)

Net Raised Accumulated Interest Income and Accumulated Investment Raised Savings Raised Balance Unused Amount

Amount (1) Proceeds from financial products deducted from silver Funds (3) Permanent supplementary liquidity (5) = (1) + (2) - Previous funds raised

Net bank fee (2) Funding (4) (3)-(4) Proportion of the total amount

113,326.92 6,176.39 101,314.56 16,499.76 1,688.99 1.49%

The main reason for the unused funds is that the "new project with an annual output of 1,000 units/sets of machine vision-based intelligent detection systems and production lines" is still under construction.

9. Comparison between the actual use of the funds raised in the previous round and the information that has been publicly disclosed

As of September 30, 2024, the actual use of the Company's raised funds is consistent with the Company's regular reports and its

There is no discrepancy in the relevant content disclosed in his information disclosure document.

The announcement is hereby made.

Board of Directors of Suzhou TZTEK Technology Co., Ltd

February 13, 2025

Annex 1

Comparison table of the use of funds raised in the previous round

As of September 30, 2024

Preparation unit: Suzhou TZTEK Technology Co., Ltd. Unit: RMB 10,000 yuan

Total Funds Raised 113,326.92 Total Funds Invested 101,314.56

Total proceeds repurposed 14,329.22 Total proceeds used by year -

2019 37,264.07

2020 13,190.66

17,097.32 in 2021

Percentage of total proceeds repurposed 12.64%

14,287.09 in 2022

14,502.21 in 2023

January-September 2024 4,973.21

Investment Projects Total Investment of Raised Funds Cumulative Investment of Raised Funds by Deadline Project Reached

The actual investment amount is scheduled to be available

The amount and the date of the post-enrollment use status

Serial No. Committed Investment Project Actual Investment Project Pre-fundraising commitment Post-fundraising commitment Actual investment Pre-fundraising commitment Post-fundraising commitment Actual investment Committed investment Period (or deadline.)

Investment amount Investment amount Amount Amount Amount of funds Investment amount Difference of amount The day the project is completed

Engineering)

Machine Vision & Intelligence Machine Vision & Intelligent Manufacturing 33,382.41 -14,117.59 December 2021

1 Manufacturing equipment construction projects Equipment construction projects 47,500.00 47,500.00 [Note 1] 47,500.00 47,500.00 33,382.41 [Note 1] month

eye

2 R&D base construction project R&D base construction project 27,500.00 27,500.00 17,104.60 27,500.00 27,500.00 17,104.60 -10,395.40 December 2022

[note 2] [note 2] month

3 Replenishment of Liquidity Replenishment of Liquidity 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 - N/A

Annual output of 1000 units/set based

4 - Intelligent Detection of Machine Vision - 27,049.03 25,827.55 - 27,049.03 25,827.55 -1,221.48 December 2024

System and production line new construction project month

[note 2]

Total 100,000.00 127,049.03 101,314.56 100,000.00 127,049.03 101,314.56 -25,734.47

[Note 1] For details, please refer to the explanation of "Explanation of the Discrepancy between the Actual Total Investment and the Commitment of the Previous Fund-raising Project" in this report.

[Note 2] For details, please refer to Article 3 (1) of this report "Changes in the actual investment projects of the previous raised funds".

Annex 2

Comparison table of the benefits realized by the investment projects of the previous raised funds

As of September 30, 2024

Preparation unit: Suzhou TZTEK Technology Co., Ltd. Unit: RMB 10,000 yuan

Actual investment project Cut-off date investment project Actual benefits for the last three years Cumulative realization by cut-off date Whether it has been achieved

Cumulative capacity utilization Committed benefits 2024 1-9 Benefits Estimated benefits

Serial No. Project Name 2021 2022 2023 Month

1 Machine Vision and Intelligent Manufacturing Equipment Construction 123.81%[Note 1] Average annual net profit after tax after full production N/A 7,451.74 9,013.34 2,234.20 18,699.28 [Note 2]

The project is 70.2219 million yuan

2 R&D base construction project N/A - N/A N/A N/A N/A N/A

3 Replenishment of Liquidity N/A - N/A N/A

Annual output of 1000 units/sets based on machine vision

4 JUE's intelligent detection system and production line new N/A - N/A N/A N/A N/A [Note 3]

Build a project

[Note 1] Capacity utilization rate = output (actual working hours) / production capacity (standard working hours), standard working hours = ∑ [number of working days per month ×8 hours × number of R&D design and assembly production personnel in the current month]

[Note 2] The capacity utilization rate of the machine vision and intelligent manufacturing equipment construction project has reached the standard, of which the actual benefit from January to September 2024 is 22.342 million yuan, which is still in existence as of September 30, 2024

Shipped products to be accepted.

[Note 3] "New project with an annual output of 1,000 units/sets of intelligent detection systems and production lines based on machine vision" is still under construction.