Securities code: 688041 Securities abbreviation: Haiguang Information Announcement No.: 2025-003

Haiguang Information Technology Co., Ltd

Special report on the deposit and actual use of raised funds in 2024

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

In accordance with the requirements of relevant laws, regulations and normative documents such as the Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies and the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation, the special instructions on the deposit and actual use of raised funds in 2024 by Haiguang Information Technology Co., Ltd. (hereinafter referred to as the "Company") are as follows:

1. Basic information of the funds raised

(1) The actual amount of funds raised and the time of arrival

According to the Reply on Agreeing to the Registration of the Initial Public Offering of Shares of Haiguang Information Technology Co., Ltd. (Zheng Jian Xu Xu [2022] No. 953) issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), the Company was approved to issue 30,000.00 RMB ordinary shares to the public for the initial public offering at an issue price of RMB 36.00 per share, raising a total of RMB 1,080,000.00 yuan, deducting the issuance expenses of 21,721.07 After 10,000 yuan (excluding VAT), the net amount of funds raised was 1,058,278.93 million yuan.

The above-mentioned raised funds have been fully disbursed on August 9, 2022

Tong Partnership) verified the availability of the above-mentioned raised funds, and issued the "Inspection" on August 9, 2022

Information Report (Xinhuishi Bao Zi [2022] No. ZG12297).

(2) The amount used in previous years, the amount used in the current year and the current balance

As of December 31, 2024, the company has used a total of 856,603.04 million yuan of raised funds, of which cut-off

By the beginning of the reporting period, the cumulative amount of fund-raising and investment projects was 4821.4469 million yuan, the amount of over-raised funds permanently replenished the liquidity was 430.3327 million yuan, the amount put into use this year was 2883.918 million yuan, the amount of over-raised funds permanently supplemented the liquidity was 430.3327 million yuan, and the balance of the unused raised funds was 2016.759 million yuan.

As of December 31, 2024, the balance of the special account for raised funds was 233,831.51 million yuan (including raised funds

The details are as follows:

Unit: 10,000 yuan

Project amount

Net proceeds amounted to 1,058,278.93

Less: The cumulative amount of funds raised was 856,603.04

Among them: 288,391.80 invested in the current year

During the year, the over-raised funds permanently replenished the liquidity of 43,033.27

The amount invested in the previous year was 440,036.54

The amount of replacement with self-raised funds pre-invested in the fund-raising project is 42,108.15

The over-raised funds of the previous year permanently replenished the liquidity of 43,033.27

Equals: 201,675.90 amount of unused raised funds

Plus: No issuance fee to pay 32.76

Add: Accumulated interest and cash management income less net handling fees of 32,122.86

Of which: the amount for the year is 6,961.59

Prior year amount 25,161.27

Equals: 233,831.51 balance of the raised capital account

Note: The difference in the mantissa between the sum of the equal number and the direct addition and subtraction of each addition or subtraction in the above table is caused by rounding.

2. Management of raised funds

In order to standardize the management of the company's raised funds and protect the interests of investors, in accordance with the "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies", "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange", "Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation" and other relevant laws, regulations and normative documents, combined with the actual situation of the company, the company has formulated the "Management System for Raised Funds". Specific and clear regulations have been made on use and supervision.

After the above-mentioned raised funds are received, the company has carried out centralized management of special accounts for the raised funds, and the company and its subsidiaries Chengdu Haiguang Integrated Circuit Design Co., Ltd. (hereinafter referred to as "Haiguang Integration"), Chengdu Haiguang Microelectronics Technology Co., Ltd. (hereinafter referred to as "Haiguang Microelectronics"), Haiguang Information Technology (Chengdu) Co., Ltd. (hereinafter referred to as "Haiguang Chengdu"), Haiguang Yunxin Integrated Circuit Design (Shanghai) Co., Ltd. (hereinafter referred to as "Haiguang Yunxin"), Haiguang Information Technology (Suzhou) Co., Ltd. (hereinafter referred to as "Haiguang Suzhou") and Haiguang Integrated Circuit Design (Beijing) Co., Ltd. (hereinafter referred to as "Integration Beijing") signed the Tripartite Supervision Agreement on the Storage of Special Accounts for Raised Funds with the sponsor CITIC Securities Co., Ltd. (hereinafter referred to as the "Sponsor Institution") and the commercial banks depositing the raised funds, clarifying the rights and obligations of all parties. The main terms of the above agreement are not materially different from the Tripartite Supervision Agreement on the Storage of Raised Funds (Template) formulated by the Shanghai Stock Exchange.

As of December 31, 2024, the company's special account for raised funds is stored as follows:

Unit: 10,000 yuan

Account name, bank account number, account number, balance

Haiguang Information Technology Co., Ltd. has Shanghai Pudong Development Bank Co., Ltd. 77120078801200001698 46,214.67

Limited to the company limited to Tianjin Puxiang Branch

Haiguang Information Technology Co., Ltd. has Shanghai Pudong Development Bank Co., Ltd. 77120078801900001699 2,056.90

Limited to the company limited to Tianjin Puxiang Branch

Haiguang Information Technology Co., Ltd. has China CITIC Bank Co., Ltd. 8110701013602360206 26,318.19

Limited to Beijing Shangdi Branch

Haiguang Information Technology Co., Ltd. has China CITIC Bank Co., Ltd. 8110701011702359995 3,415.16

Limited to Beijing Shangdi Branch

Haiguang Information Technology Co., Ltd. has China Merchants Bank Co., Ltd. 122907184010508 61,203.71

Limited to Tianjin Branch

Chengdu Haiguang Microelectronics Technology Shanghai Pudong Development Bank Co., Ltd. 77120078801400001728 2,766.42

Co., Ltd. Tianjin Puxiang Branch

Chengdu Haiguang Microelectronics Technology Co., Ltd. Shanghai Pudong Development Bank Co., Ltd. 77120078801200001729 5,309.89

Co., Ltd. Tianjin Puxiang Branch

Chengdu Haiguang Microelectronics Technology China CITIC Bank Co., Ltd. 8110701013202433797 6,466.69

Ltd. Beijing Shangdi Branch

Chengdu Haiguang Integrated Circuit Co., Ltd. Shanghai Pudong Development Bank Co., Ltd. 77120078801600001727 12,375.96

Ji Co., Ltd. Tianjin Puxiang Branch

Chengdu Haiguang Integrated Circuit Co., Ltd. Shanghai Pudong Development Bank Co., Ltd. 77120078801500001730 17,183.75

Ji Co., Ltd. Tianjin Puxiang Branch

Chengdu Haiguang Integrated Circuit Co., Ltd. China CITIC Bank Co., Ltd. 8110701013602433788 19,378.10

Beijing Shangdi Sub-branch

Haiguang Information Technology (Chengdu) China CITIC Bank Co., Ltd. 8110701012002666195 4,353.74

Ltd. Beijing Shangdi Branch

Haiguang Information Technology (Chengdu) China CITIC Bank Co., Ltd. 8110701013502668413 22,154.96

Ltd. Beijing Shangdi Branch

Haiguang Information Technology (Chengdu) China CITIC Bank Co., Ltd. 8110701013602668424 1,073.52

Ltd. Beijing Shangdi Branch

Haiguang Yunxin Integrated Circuit Co., Ltd. Shanghai Pudong Development Bank Co., Ltd. 77120078801200001890 768.63

Ji (Shanghai) Co., Ltd. Tianjin Puxiang Branch

Haiguang Yunxin Integrated Circuit Co., Ltd. China CITIC Bank Co., Ltd. 8110701012302670439 0.41

Ji (Shanghai) Co., Ltd. Beijing Shangdi Branch

Haiguang Yunxin Integrated Circuit Co., Ltd. China CITIC Bank Co., Ltd. 8110701012302666192 149.67

Ji (Shanghai) Co., Ltd. Beijing Shangdi Branch

Haiguang Information Technology (Suzhou) Shanghai Pudong Development Bank Co., Ltd. 77120078801900001891 255.44

Co., Ltd. Tianjin Puxiang Branch

Haiguang Information Technology (Suzhou) China CITIC Bank Co., Ltd. 8110701012502670429 248.13

Ltd. Beijing Shangdi Branch

Haiguang Information Technology (Suzhou) China CITIC Bank Co., Ltd. 8110701012802666194 734.17

Ltd. Beijing Shangdi Branch

Haiguang Integrated Circuit Design (North Shanghai Pudong Development Bank Co., Ltd. 77120078801700001892 66.92

Jing) Co., Ltd. Tianjin Puxiang Branch

Account name, bank account number, account number, balance

Haiguang Integrated Circuit Design (Beijing CITIC Bank Co., Ltd., 8110701012102670449 1,006.72

Beijing) Co., Ltd. Beijing Xishan No. 1 Courtyard Branch

Haiguang Integrated Circuit Design (North China CITIC Bank Co., Ltd., 8110701012002666229 329.79

Beijing) Co., Ltd. Beijing Xishan No. 1 Courtyard Branch

Total: 233,831.51

3. The actual use of the funds raised during the year

(1) The use of funds raised for investment projects

For details of the use of funds for fund-raising projects, please refer to "Annex 1 "Comparison Table of the Use of Raised Funds".

(2) The advance investment and replacement of the fund-raising project

During the year, the company did not have any pre-investment and replacement of fund-raising projects.

(3) Temporarily replenish liquidity with idle raised funds

During the year, the Company did not use idle raised funds to temporarily replenish liquidity.

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

During the year, the Company did not use idle raised funds for cash management and investment in related products.

(5) Permanently replenishing working capital or repaying bank loans with over-raised funds

On April 10, 2024, the company held the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors

meetings; On May 6, 2024, the company held the 2023 Annual General Meeting of Shareholders and deliberated and approved the "About

Proposal on the use of part of the over-raised funds to permanently replenish liquidity", agrees that the company will use the over-raised funds of RMB 430.3327 million to permanently replenish the working capital for business activities related to the company's main business. The company promises that the use of over-raised funds to permanently replenish liquidity will not affect the normal progress of the company's investment plan to raise funds, and will not make high-risk investments and provide financial assistance to objects other than holding subsidiaries within 12 months after the permanent replenishment of liquidity. In this regard, the company's board of supervisors and sponsors have expressed their concurring opinions.

For details, please refer to the company's disclosure on the website of the Shanghai Stock Exchange on April 12, 2024

(www.sse.com.cn) Announcement on the Use of Part of the Over-raised Funds to Permanently Replenish Liquidity (Announcement No.: 2024-010).

(6) The use of over-raised funds for projects under construction and new projects (including the acquisition of assets, etc.).

During the year, the Company did not over-raise funds for projects under construction and new projects (including the acquisition of assets).

(7) The use of surplus raised funds

During the year, the Company did not use the surplus funds from fundraising projects for other fundraising projects or non-fundraising projects.

(8) Other circumstances regarding the use of raised funds

On April 10, 2024, the company held the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors

At the meeting, the "Proposal on the Postponement of Some Fundraising Projects" was deliberated and approved, and it was agreed that the company would adjust the date of "R&D of a new generation of Haiguang general-purpose processor", "R&D of a new generation of Haiguang coprocessor" and "construction of advanced processor technology R&D center" to September 2025. In this regard, the company's board of supervisors and sponsors have expressed their concurring opinions.

For details, please refer to the company's disclosure on the website of the Shanghai Stock Exchange on April 12, 2024

(www.sse.com.cn) of the "Announcement on the Postponement of Some Fundraising and Investment Projects" (Announcement No.: 2024-011). 4. Change the use of funds for fundraising projects

During the year, the Company did not change the use of funds for fund-raising projects.

5. Problems in the use and disclosure of raised funds

In 2024, the company used the raised funds in accordance with the provisions and requirements of relevant laws, regulations and normative documents, deposited and used the raised funds in a special account, and disclosed the use of the raised funds in a timely manner, and there were no violations in the management of the raised funds.

6. The concluding opinion of the assurance report issued by the accounting firm on the deposit and use of the company's annual raised funds

Lixin Certified Public Accountants (Special General Partnership) issued the "Assurance Report on the Special Report on the Deposit and Actual Use of Raised Funds of Haiguang Information Technology Co., Ltd. in 2024" (Xinhuishi Bao Zi [2025] No. ZG10060), believing that the company's special report on the deposit and actual use of raised funds in 2024 is in accordance with the "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" in all material respects. The requirements of the relevant format guidelines in laws and regulations such as the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation" and other laws and regulations have been compiled, and truthfully reflect the deposit and actual use of the company's raised funds in 2024 in all material aspects.

7. The concluding opinions of the special verification report issued by the sponsor or independent financial adviser on the deposit and use of the company's annual raised funds

After verification, the sponsor believes that the deposit and use of the company's raised funds in 2024 comply with the provisions of laws, regulations and normative documents such as the "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation". There is no violation of relevant laws and regulations in the use of raised funds.

The announcement is hereby made.

Board of Directors of Haiguang Information Technology Co., Ltd

March 1, 2025

Appendix 1: Comparison Table of the Use of Raised Funds

Annex 1

Comparison table of the use of raised funds

Preparation unit: Haiguang Information Technology Co., Ltd. 2024 unit: 10,000 yuan

Total funds raised 1,058,278.93 The total amount of funds raised during the year was 331,425.07

Total amount of funds raised for change of use The total amount of funds raised that has been invested cumulatively

Proportion of total proceeds repurposed 856,603.04

Changed As of the end of the period accumulated As of the end of the period The project was reached

Project, including Raised Funds Adjusted Investment as of the end of the year Investment as of the end of the year Amount of investment as of the end of the period Investment progress Scheduled to make the project feasible in the current year

Committed Investment Project Partial Change Committed Investment Total Committed Investment Amount Cumulative Investment and Committed Investment (%)(4) Realized by Status Date to Expected Whether it is heavy

More (e.g. Total Amount (1) Amount (2) Difference in Amount = (2)/(1) Period Benefits Benefits Large changes

Yes) (3)=(2)-(1)

R&D of a new generation of Haiguang general-purpose processor None 287,791.50 287,791.50 287,791.50 113,087.07 231,299.08 -56,492.42 80.37 September 2025 Not applicable Not applicable No

R&D of new generation Haiguang coprocessor N/A 185,601.30 185,601.30 185,601.30 75,752.44 144,549.18 -41,052.12 77.88 September 2025 N/A N/A No

Construction of Advanced Processor Technology R&D Center N/A 241,394.08 241,394.08 241,394.08 99,552.29 196,005.13 -45,388.95 81.20 September 2025 N/A N/A No

Reserve Fund for Science, Technology and Development N/A 200,000.00 200,000.00 200,000.00 198,683.11 -1,316.89 99.34 N/A N/A N/A No

Subtotal of committed investment projects 914,786.88 914,786.88 914,786.88 288,391.80 770,536.50 -144,250.38 84.23

Over-raised funds None N/A 143,492.05 N/A 43,033.27 86,066.54 N/A N/A N/A No

Total - 914,786.88 1,058,278.93 914,786.88 331,425.07 856,603.04 - - -

Reasons for not reaching the planned schedule (by specific fundraising project) None

Explanation of significant changes in project feasibility None

On October 26, 2022, the company held the 18th meeting of the first board of directors and the 12th meeting of the first board of supervisors, which were deliberated and approved

Advance investment and replacement of raised funds for investment projects The "Proposal on Using Raised Funds to Replace the Self-Raised Funds Invested in Advance and Paid Issuance Costs" was agreed to be used by the company

The total amount of self-raised funds raised to replace the pre-invested investment projects and the payment of issuance costs was RMB422.845 million.

Temporary replenishment of liquidity with idle raised funds None

Cash management of idle raised funds and investment in related products None

The company held the 18th meeting of the first board of directors and the 12th meeting of the first board of supervisors on October 26, 2022; Company in 2022

On November 14, the second extraordinary general meeting of shareholders in 2022 was held, and the "On the Use of Part of the Over-raised Funds to Permanently Supplement the Liquidity" was deliberated and approved

The proposal of funds agreed that the company should use the over-raised funds of RMB 430.3327 million to permanently replenish the working capital for the company's main business

Use over-raised funds to permanently replenish working capital or repay bank loans Business-related production and operation.

The company held the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors on April 10, 2024; The company was launched in May 2024

The 2023 Annual General Meeting of Shareholders was held on June 6, and the "Proposal on Using Part of the Over-raised Funds to Permanently Replenish Liquidity" was deliberated and approved.

Agreed that the company will use the over-raised funds of RMB 430,332,700 to permanently replenish the working capital for operations related to the company's main business

Activity.

The amount of the balance of the proceeds and the reasons for its formation None

On October 26, 2022, the company held the 18th meeting of the first board of directors and the 12th meeting of the first board of supervisors, which were deliberated and approved

The "Proposal on Increasing the Implementation Subjects and Implementation Locations of Raised Funds Investment Projects" agreed to add the company's subsidiaries Haiguang Integration and Haiguang

Microelectronics and Haiguang Hangzhou are the main implementation bodies, and Chengdu and Hangzhou are added as implementation sites to jointly implement the fundraising project "New Generation Sea".

Optical General Processor R&D", "New Generation Haiguang Coprocessor R&D", "Advanced Processor Technology R&D Center Construction", "Science and Technology Development Reserve

reserve funds", and agreed that the company will use the raised funds to provide no more than 300,000.00 yuan (including the principal) interest-bearing loans to Haiguang Integration

Haiguang Microelectronics provides interest-bearing loans of no more than 150,000.00 yuan (including the principal amount) and no more than 50,000.00 yuan to Haiguang Hangzhou

Interest-free borrowing.

Other use of raised funds The company held the second meeting of the second board of directors and the second meeting of the second board of supervisors on October 17, 2023, and deliberated and approved the "Guan

Proposal on increasing the implementation subject and implementation location of the raised funds investment project", and agreed to increase the implementation subject and place of the company's raised funds investment project

place of implementation; It is agreed that the company will use the raised funds to provide Haiguang Chengdu with interest-free loans of no more than 50,000.00 yuan (including this amount).

Guangyunxin provides interest-free loans of no more than 20,000 yuan (inclusive) and Haiguang Suzhou does not provide more than 20,000 yuan (inclusive)

Interest-free borrowing, providing interest-bearing loans of no more than 80,000 yuan (including principal) to Integration Beijing.

On April 10, 2024, the company held the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors

In the proposal to postpone some fundraising projects", it was agreed that the company will "develop a new generation of Haiguang general processor" and "a new generation of Haiguang coprocessor

R&D" and "Advanced Processor Technology R&D Center Construction" will be adjusted to September 2025.

Note 1: The "Committed Investment Amount as of the End of the Period" is determined on the basis of the most recent disclosed investment plan of the raised funds.

Note 2: The calculation scale and calculation method of the "benefits realized in the current year" should be consistent with the calculation standards and calculation methods of the promised benefits.