Haitong Securities Co., Ltd. about Aojie Technology Co., Ltd

Verification opinions on the deposit and use of raised funds in 2024

Haitong Securities Co., Ltd. (hereinafter referred to as "Haitong Securities" or the "Sponsor"), as the sponsor of the initial public offering and listing of Aojie Technology Co., Ltd. (hereinafter referred to as "Aojie Technology" or the "Company"), continues to supervise and supervise the initial public offering and listing of shares in accordance with the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing, the Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Funds Raised by Listed Companies, the Listing Rules for Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 11 - Continuous Supervision, "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 provisions have verified the deposit and use of the funds raised by Aojie Technology in 2024, the details are as follows:

First, the basic situation of the funds raised

(1) The actual arrival and storage of the raised funds

1. The actual situation of the raised funds

According to the China Securities Regulatory Commission's "On Approval of Aojie Technology Shares" issued on December 14, 2021

In the Reply to the Registration of the Initial Public Offering of Shares of a Limited Company (Zheng Jian Xu Xu [2021] No. 3936), Aojie Technology Co., Ltd. was approved to issue 41,830,089 RMB ordinary shares to domestic investors at an issue price of RMB164.54 per share, raising a total of RMB6,882,722,844.06.

The above funds were in place on January 10, 2022, and have been approved by PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special Ordinary

Partnership) and issued the PwC Zhongtian Yanzi (2022) No. 0046 "Capital Verification Report". The total amount of funds raised by the Company after deducting all actual share issuance expenses of RMB336,290,837.22 (including excluding VAT underwriting and sponsorship fees of RMB309,722,527.98 and other issuance expenses of RMB26,568,309.24) was RMB6,546,432,006.84.

2. Deposit of raised funds

In order to standardize the management and use of raised funds, improve the efficiency and effectiveness of the use of funds, and protect the rights and interests of investors, the company has formulated the "Management System for Raised Funds" in accordance with the requirements of relevant laws and regulations such as the Securities Law of the People's Republic of China, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation.

It stipulates the deposit and use of raised funds, the implementation and management of projects, the change of investment projects and the supervision of their use.

In January 2022, the Company, together with the sponsor Haitong Securities Co., Ltd., separately entered into shares with China Merchants Bank

Shanghai Branch, Bank of Shanghai Pudong Branch, Bank of Beijing Shanghai Branch, China Merchants Bank Shenzhen Branch, Industrial Bank Shanghai Hongkou Branch, and China CITIC Bank Shanghai Branch signed the Tripartite Supervision Agreement on the Storage of Raised Funds.

In order to facilitate the implementation of the fundraising project, the company launched a joint venture with the sponsor Haitong Securities in January 2022

The company signed the "Four-Party Supervision Agreement on the Storage of Special Accounts for Raised Funds" with its subsidiaries Aojie Technology (Shenzhen) Co., Ltd. and China Merchants Bank Co., Ltd. Shenzhen Branch; In the same month, the Company, together with its sponsor Haitong Securities Co., Ltd., its subsidiaries Aojie Intelligent Technology (Shanghai) Co., Ltd. and Bank of Ningbo Shanghai Zhangjiang Sub-branch signed the "Four-Party Supervision Agreement on the Storage of Raised Funds", clarifying the rights and obligations of all parties.

There is no material difference between the above-mentioned regulatory agreement and the Tripartite Regulatory Agreement on the Storage of Raised Funds (Template) formulated by the Shanghai Stock Exchange. The company has strictly complied with the above agreement when using the raised funds to ensure that the funds are earmarked.

(2) The use of raised funds and the balance of the special account

1. Use of raised funds

As of December 31, 2024, the Company's proceeds were used as follows:

Project Name Amount (RMB)

The opening balance of the special account for raising funds was 917,926,961.65

Add: Amount used for cash management at the beginning of the period 1,410,000,000.00

The opening balance of the funds raised was 2,327,926,961.65

Less: Direct investment in fundraising projects during the year (594,306,406.84)

Less: Use of over-raised funds to repurchase the company's shares during the year (154,744,242.52)

Less: Permanent replenishment of liquidity with over-raised funds during the year (780,328,173.29)

Add: The net amount of interest income from raised funds less handling fees for the year was 6,465,502.99

Add: Gain on cash management for the year was 23,843,364.39

Less: Amount used for cash management at the end of the period (400,000,000.00)

The closing balance of the special account for raising funds was 428,857,006.38

As of December 31, 2023, the over-raised funds transferred by the company to the special securities account for the repurchase of shares and

The total balance of fruits is RMB20,469,453.34, and in 2024, the company will continue to transfer back the over-raised funds

In the special securities account for share purchase, the total amount of transferred funds and their fruits is RMB154,744,242.52. 2024

During the year, the Company has fully used the above funds to repurchase shares in the amount of RMB175,213,695.86

Yuan.

2. The balance of the special account for raising funds

As of December 31, 2024, the balance of the company's unused raised funds in the special account is as follows:

Under:

Special Account for Raising Funds Account Number Deposit Method Balance (RMB)

China Merchants Bank Co., Ltd. Shanghai Branch 121916014610658 Current account 87,797,692.41

China Merchants Bank Co., Ltd. Shenzhen Branch 121916014610155 Current account 5,371,493.23

China Merchants Bank Co., Ltd. Shenzhen Branch 755936622310618 Current account 98,806,710.45

Bank of Shanghai Co., Ltd. Pudong Branch 03004807528 Demand 2,979,148.12

China CITIC Bank Co., Ltd. Shanghai Branch 8110201012601406232 Current account 15,035,962.76

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch 216220100100327325 Demand 5,593,190.77

Bank of Beijing Co., Ltd. Shanghai Branch 20000052786531111067375 Demand 213,272,808.64

Total 428,857,006.38

2. The specific use of the raised funds

During the year, the actual use of the company's raised funds was as follows:

(1) The use of funds for investment projects (hereinafter referred to as "fundraising projects").

During the year, the actual use of the company's raised funds is detailed in the attached table "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

On March 29, 2024, the Company held the eighth meeting of the second board of directors and the sixth meeting of the second board of supervisors

At the meeting, the "Proposal on Using Part of the Temporarily Idle Raised Funds for Cash Management" was deliberated and approved, and it was agreed that the company and its wholly-owned subsidiaries would use part of the temporarily idle raised funds with a maximum of no more than RMB 200,000 (including the principal amount) for cash management without affecting the progress of the investment projects of the raised funds and the plan for the use of the raised funds, and purchase investment products with high security, good liquidity and meeting the requirements of capital protection in a timely manner (including but not limited to principal-guaranteed wealth management products, contractual deposits, structured deposits, Time deposits, negotiable certificates of deposit, etc.), within the scope of the above quota, the funds can be used on a rolling basis, and the authorization is valid for 12 months from the date of approval by the board of directors.

In FY2024, the Company and its subsidiaries used idle raised funds for cash management as follows:

Trustee Type Amount (RMB) Start Date Termination Date Income Type Annualized Rate of Return As of 2024.12.31 Term (days) Cash proceeds received

Maturity Earnings (RMB)

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 200,000,000.00 2023/9/20 2024/1/2 Capital Protected Fixed Income 2.48% Maturity 104 1,358,904.11

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured deposit 170,000,000.00 12/12/2023 1/12/2024 Capital Protected Fixed Income 2.20% Maturity 31 317,643.84

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured Deposit 300,000,000.00 12/16/2023 1/16/2024 Capital Protected Fixed Income 2.20% Maturity 31 560,547.95

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 50,000,000.00 12/18/2023 1/25/2024 Fixed income 2.55% Maturity 38 132,739.72

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 100,000,000.00 12/15/2023 3/15/2024 Capital Protected Fixed Income 2.50% Maturity 91 623,287.67

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 100,000,000.00 2023/10/31 2024/1/30 Capital Protected Fixed Income 2.50% Maturity 91 623,287.67

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 100,000,000.00 5/9/2024 8/9/2024 Capital Protected Fixed Income 2.50% Maturity 92 630,136.99

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 120,000,000.00 2023/11/10 2/19/2024 Capital Protected Fixed Income 2.50% Maturity 101 830,136.99

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 100,000,000.00 1/10/2024 4/10/2024 Capital Protected Fixed Income 2.50% Matured 91 623,287.67

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured Deposit 470,000,000.00 1/30/2024 2/29/2024 Capital Protected Fixed Income 2.15% Maturity 30 830,547.95

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 50,000,000.00 2024/1/30 2024/3/1 Capital Protected Fixed Income 2.49% Maturity 31 107,013.70

Bank of Beijing Co., Ltd. Shanghai Yangpu Sub-branch Structured deposit 170,000,000.00 12/18/2023 3/18/2024 Fixed income 2.40% Maturity 91 1,017,205.48

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 290,000,000.00 2024/1/10 2024/1/31 Capital Protected Fixed Income 2.30% Matured 21 383,753.42

Bank of Shanghai Co., Ltd. Pudong Science and Technology Branch Structured Deposit 200,000,000.00 2023/12/21 2024/4/3 2024 Capital Protected Fixed Income 2.50% Maturity 104 1,481,643.84

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 100,000,000.00 1/31/2024 4/8/2024 Capital Protected Fixed Income 2.45% Maturity 68 344,657.53

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposits 50,000,000.00 3/22/2024 4/8/2024 Capital Protected Fixed Income 2.70% Maturity 17 62,876.71

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured Deposit 100,000,000.00 3/22/2024 4/8/2024 Capital Protected Fixed Income 2.70% Mature 17 125,753.42

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 290,000,000.00 2/5/2024 2/26/2024 Fixed Income 2.30% Matured 21 383,753.42

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 200,000,000.00 1/9/2024 4/12/2024 Fixed income 2.53% Maturity 94 1,303,123.29

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured Deposit 300,000,000.00 3/13/2024 4/12/2024 Capital Protected Fixed Income 2.15% Maturity 30 530,136.99

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured Deposit 170,000,000.00 3/14/2024 4/15/2024 Capital Protected Fixed Income 2.15% Maturity 32 320,438.36

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 20,000,000.00 1/18/2024 4/22/2024 Fixed income 2.50% Maturity 95 130,136.99

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured Deposit 80,000,000.00 1/18/2024 4/22/2024 Capital Protected Fixed Income 2.45% Matured 95 551,780.82

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 290,000,000.00 3/8/2024 3/29/2024 Capital Protected Fixed Income 2.30% Mature 21 383,753.42

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 200,000,000.00 4/11/2024 4/30/2024 Capital Protected Fixed Income 2.45% Maturity 19 255,068.50

Bank of Beijing Co., Ltd. Shanghai Yangpu Sub-branch Structured Deposit 170,000,000.00 4/2/2024 5/9/2024 Capital Protected Fixed Income 2.47% Maturity 37 425,652.05

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 100,000,000.00 4/19/2024 5/24/2024 Fixed income 2.39% Maturity 35 229,178.08

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 100,000,000.00 5/10/2024 5/30/2024 Capital Protected Fixed Income 2.30% Mature 20 126,575.34

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 100,000,000.00 3/22/2024 6/21/2024 Fixed Income 2.50% Matured 91 623,287.67

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 50,000,000.00 6/3/2024 6/28/2024 Capital Protected Fixed Income 2.60% Mature 25 89,041.10

Bank of Shanghai Co., Ltd. Pudong Science and Technology Branch Structured Deposit 100,000,000.00 3/15/2024 8/5/2024 Capital Protected Fixed Income 2.50% Maturity 143 1,028,219.18

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 380,000,000.00 4/12/2024 4/26/2024 Principal Protected Fixed Income 2.35% Matured 14 357,095.89

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 70,000,000.00 5/13/2024 8/13/2024 Capital Protected Fixed Income 2.50% Mature 92 441,095.89

Bank of Beijing Co., Ltd. Shanghai Yangpu Sub-branch Structured deposit 340,000,000.00 5/14/2024 8/14/2024 Capital Protected Fixed Income 2.40% Maturity 92 2,012,054.79

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 30,000,000.00 7/22/2024 8/22/2024 Fixed income 2.25% Maturity 31 57,328.77

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured Deposit 100,000,000.00 8/6/2024 8/30/2024 Capital Protected Fixed Income 2.15% Maturity 24 145,315.07

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 150,000,000.00 8/19/2024 9/19/2024 Capital Protected Fixed Income 2.20% Maturity 31 280,273.97

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 100,000,000.00 7/8/2024 10/8/2024 Capital Protected Fixed Income 2.30% Maturity 92 579,726.03

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 100,000,000.00 9/9/2024 10/21/2024 Capital Protected Fixed Income 2.20% Maturity 42 253,150.68

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 50,000,000.00 9/24/2024 10/24/2024 Capital Protected Fixed Income 2.20% Maturity 30 90,410.96

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 150,000,000.00 2024/9/27 2024/10/28 Capital Protected Fixed Income 2.20% Maturity 31 280,273.97

China CITIC Bank Co., Ltd. Shanghai Xuhui Sub-branch Structured Deposit 100,000,000.00 10/1/2024 10/31/2024 Capital Protected Fixed Income 2.10% Maturity 30 205,479.45

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 100,000,000.00 10/14/2024 11/14/2024 Capital Protected Fixed Income 2.15% Mature 31 182,602.74

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 100,000,000.00 8/21/2024 11/21/2024 Fixed income 2.50% Maturity 92 630,136.99

Bank of Beijing Co., Ltd. Shanghai Yangpu Sub-branch Structured deposit 300,000,000.00 8/22/2024 11/22/2024 Capital Protected Fixed Income 2.30% Maturity 92 983,013.70

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured deposit 100,000,000.00 2024/11/2 2024/11/29 Capital Protected Fixed Income 2.23% Mature 27 146,630.14

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 150,000,000.00 11/8/2024 12/9/2024 Capital Protected Fixed Income 2.00% Maturity 31 254,794.52

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 65,000,000.00 11/19/2024 12/20/2024 Fixed Income 2.00% Maturity 31 110,410.96

China Merchants Bank Co., Ltd. Shanghai Zhangjiang Sub-branch Structured deposit 50,000,000.00 2024/11/21 2024/12/23 Capital Protected Fixed Income 2.00% Maturity 32 87,671.23

Bank of Beijing Co., Ltd. Shanghai Yangpu Sub-branch Structured Deposit 100,000,000.00 11/29/2024 2/28/2025 Fixed Income 2.15% Outstanding 91 -

Bank of Beijing Co., Ltd. Shanghai Yangpu Sub-branch Structured deposit 200,000,000.00 2024/11/29 2024/12/27 Capital Protected Fixed Income 1.90% Maturity 28 312,328.77

Industrial Bank Co., Ltd. Shanghai Hongkou Sub-branch Structured Deposit 100,000,000.00 12/2/2024 1/9/2025 Fixed Income 2.24% Outstanding 38 -

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 150,000,000.00 12/13/2024 1/13/2025 Fixed Income 1.95% Outstanding 31 -

China Merchants Bank Co., Ltd. Shenzhen Branch Structured Deposit 50,000,000.00 12/13/2024 1/13/2025 Fixed Income 1.95% Unexpired 31 -

(5) The use of over-raised funds

1. Use over-raised funds to permanently replenish working capital or repay bank loans

On March 29, 2024, the Company held the 8th meeting of the 2nd Board of Directors and the 6th meeting of the 2nd Board of Supervisors

At the meeting, the "Proposal on the Company's Use of Part of the Over-raised Funds to Permanently Replenish Liquidity" was deliberated and approved, and it was agreed that the Company should use part of the over-raised funds of no more than RMB 1249 million for permanent replenishment of liquidity.

On April 19, 2024, the company's 2023 annual general meeting of shareholders deliberated and approved the above proposals.

As of December 31, 2024, the Company used over-raised funds for the year to permanently replenish its working capital

The amount is RMB 780,328,173.29, and the company has used the over-raised funds to permanently replenish the liquidity of RMB 3,158,261,309.12, and the company has not made high-risk investments or provided financial assistance to others after using the over-raised funds to permanently replenish the working capital.

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

As of December 31, 2024, the company has no over-raised funds for projects under construction and new projects (packages).

including the acquisition of assets, etc.

3. The use of over-raised funds to repurchase shares

On February 14, 2023, the company held the 17th meeting of the first board of directors and deliberated and approved the "Guan

In the proposal to repurchase the company's shares by centralized bidding transaction, it was agreed that the company should repurchase part of the company's issued RMB ordinary shares through the trading system of the Shanghai Stock Exchange through centralized bidding with over-raised funds for employee stock ownership plan or equity incentive. The total amount of funds that the company intends to use for this repurchase shall not be less than RMB 50,000.00 (inclusive) and not more than RMB 100,000.00 (inclusive), the repurchase price shall not exceed RMB 88 per share, and the repurchase period shall be from the date when the board of directors of the company deliberates and approves the repurchase plan

from within 12 months. On February 6, 2024, the company held the seventh meeting of the second board of directors and deliberated and approved

The "Proposal on Extending the Implementation Period of the Company's Shares" extended the implementation period of the share repurchase by 6 months.

Extended until August 13, 2024. As of December 31, 2024, over-raised funds were used for shares

The repurchase amount was RMB175,213,695.86, and the company used the over-raised funds for share repurchase of RMB814,826,595.21.

(6) Changes in the investment direction of the raised funds

During the year, the company did not change the investment direction of the raised funds.

(7) The use of surplus funds raised

On August 29, 2024, the Company held the 10th meeting of the 2nd Board of Directors and the 8th meeting of the 2nd Board of Supervisors

At the meeting, the "Proposal on the Completion of Part of the Raised Funds Investment Project and the Permanent Replenishment of Liquidity with the Surplus Raised Funds" was deliberated and approved, and it was agreed that the company would close the fund-raising project "5G Industrial Internet of Things Chip Project", and use the surplus raised funds to permanently supplement the company's working capital.

3. Problems in the use and disclosure of raised funds

There is no untimely, true, accurate and complete disclosure of the relevant information disclosed by the company, and there is no violation of the deposit, use, management and disclosure of the raised funds.

4. The accountant's assurance opinion on the annual deposit and use of the raised funds

After verification, PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership) believes that the special report on the deposit and actual use of raised funds in 2024 of Aojie Technology Co., Ltd. is in accordance with the China Securities Regulatory Commission Announcement [2022] No. 15 "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies (Revised in 2022)" issued by the Shanghai Securities Regulatory Commission in all material respects, and the "Shanghai

Self-Regulatory Guidelines for Listed Companies on the Stock Exchange's Science and Technology Innovation Board No. 1 – Standardized Operation (Revised in December 2023

and in all material respects, it truthfully reflects the deposit and actual use of the raised funds in 2024.

5. Verification opinions of the sponsor institution

After verification, the sponsor believes that the deposit and use of the company's 2024 raised funds are in accordance with the "Securities

Administrative Measures for Issuance and Listing Sponsorship Business", "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Funds Raised 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 regulations and corporate fundraising

The fund collection management system has been used for the storage and use of the raised funds in a special account, as of December 31, 2024,

There is no disguised change in the use of raised funds and damage to the interests of shareholders, there is no illegal use of raised funds, and there is no violation of national anti-money laundering laws and regulations in the use of raised funds by the issuer. The sponsor has no objection to the deposit and use of the raised funds in 2024.

(No text below)

(There is no text on this page, it is the signed and stamped page of the "Verification Opinions of Haitong Securities Co., Ltd. on the Deposit and Use of Raised Funds of Aojie Technology Co., Ltd. in 2024")

Signature of the Sponsor Representative:

Wang Pengcheng Gong Siqi

Haitong Securities Co., Ltd

Year, Month, Day

Appendix: Comparison table of the use of raised funds

Comparison table of the use of raised funds

Preparation unit: Aojie Technology Co., Ltd. Amount unit: RMB

Net funds raised 6,546,432,006.84 Total funds invested in the year 1,549,848,275.99

The total amount of funds raised for change of purpose is 168,455,717.43 and the total amount of funds raised has been invested 5,955,234,052.25

Percentage of total proceeds repurposed 2.57%

Changed items As of the end of the period, the cumulative investment items are feasible

By the end of the period, the project has reached the target

Purpose, including the commitment to invest in the raised funds as of the end of the period The cumulative investment amount as of the end of the period and whether the promised investment in the current year is actually achieved or not

Committed Investment Projects Total Adjusted Investment Amount Invested in the Current Year Progress (%)(4) Date of Availability

Change Total Capital Amount Amount (1) Amount of Income (2) Difference of Amount of Income (3) Current Benefits Expected Benefits Significant changes

=(2)/(1) period

(if any) = (2)-(1).

Commercial 5G enhances mobility

Broadband terminal chip flat

R&D No 200,000,000.00 200,000,000.00 200,000,000.00 - 200,000,000.00 - 100.00% November 2023 N/A N/A No

5G IIoT Core

Sheet item N/A 508,059,900.00 508,059,900.00 508,059,900.00 184,140,719.21 427,853,978.31 (80,205,921.69) 84.21% June 2024 N/A N/A No

Commercial Wifi6 chip project N 354,491,300.00 354,491,300.00 354,491,300.00 180,196,255.10 315,419,972.67 (39,071,327.33) 88.98% June 2025 Not applicable Not applicable No

Intelligent IPC chip design

Item Yes 248,636,900.00 80,181,182.57 80,181,182.57 - 80,181,182.57 - 100.00% June 2024 N/A N/A Yes

A new generation of smart wearables

Device software and hardware platform

Development Items None - 168,455,717.43 168,455,717.43 88,748,666.09 94,586,527.48 (73,869,189.95) 56.15% September 2026 Not applicable Not applicable No

Convergence of multiple wireless protocols,

High accuracy in multiple fields

Navigation and positioning solution None 296,130,600.00 296,130,600.00 296,130,600.00 51,730,801.30 159,685,531.18 (136,445,068.82) 53.92% December 2025 Not applicable Not applicable No

Solutions and platform items

eye

R&D center construction project N/A 172,681,300.00 172,681,300.00 172,681,300.00 89,489,965.14 104,418,955.71 (68,262,344.29) 60.47% December 2025 N/A N/A No

Supplementary Liquidity Items N/A 600,000,000.00 600,000,000.00 600,000,000.00 - 600,000,000.00 - 100.00% N/A N/A N/A N/A No

Subtotal of committed investment projects — 2,380,000,000.00 2,380,000,000.00 2,380,000,000.00 594,306,406.84 1,982,146,147.92 (397,853,852.08) — — — —

Over-subscription permanently replenishes liquidity

Funds None 3,351,605,411.63 3,351,605,411.63 3,351,605,411.63 780,328,173.29 3,158,261,309.12 (193,344,102.51) 94.23% Not applicable Not applicable Not applicable No

Share repurchase N/A 814,826,595.21 814,826,595.21 814,826,595.21 175,213,695.86 814,826,595.21 - 100.00% Not applicable Not applicable Not applicable No

Total — 6,546,432,006.84 6,546,432,006.84 6,546,432,006.84 1,549,848,275.99 5,955,234,052.25 (591,197,954.59) — — —

On March 29, 2024, the company held the eighth meeting of the second board of directors and the sixth meeting of the second board of supervisors, and deliberated and passed the "Proposal on the Extension of Some of the Company's Fundraising and Investment Projects".

Reasons for not reaching the planned schedule (specific fund-raising projects) The company has reached the scheduled fund-raising projects "Commercial WiFi6 Chip Project", "Multi-wireless Protocol Fusion, Multi-field High-precision Navigation and Positioning Overall Solution and Platform Project" and "R&D Center Construction Project".

You can adjust it using the time of the state. For details, please refer to the "Verification Opinions of Haitong Securities Co., Ltd. on the Postponement of Some Fundraising Projects of Aojie Technology Co., Ltd." disclosed on the same day.

Explanation of material changes in project feasibility There was no significant change in project feasibility during the year.

Advance investment and replacement of raised funds investment projects There was no advance investment and replacement of raised funds investment projects during the year.

Temporary replenishment of working capital with idle raised funds During the year, there was no temporary replenishment of working capital with idle raised funds.

Cash management of idle raised funds and investment in related products For details, please refer to "II/(4) Cash Management of Idle Raised Funds".

Permanent replenishment of working capital or repayment of bank loans with over-raised funds For details, please refer to "2/(5)/1. Permanent replenishment of working capital or repayment of bank loans with over-raised funds".

The amount of the balance of the raised funds and the reasons for its formation For details, please refer to "II/(VII) Use of the Surplus Raised Funds".

For other uses of raised funds, please refer to "2/(5)/3. Use of over-raised funds to repurchase shares".

Note 1: "Total amount of funds invested in the current year" includes the "amount invested in the current year" after the funds raised are received, and the actual amount of the previous investment that has been replaced.

Note 2: "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 3: The calculation caliber and calculation method of the "benefits realized in the current year" are the same as those of the promised benefits.