Securities code: 688608 Securities abbreviation: Hengxuan Technology Announcement No.: 2025-011

Hengxuan Technology (Shanghai) Co., Ltd

Announcement on the cancellation of part of the special account for raised funds

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.

First, the basic situation of the funds raised

On October 23, 2020, the China Securities Regulatory Commission issued the "About Agreeing to Hengxuanke

In the approval of the registration of the initial public offering of shares of Technology (Shanghai) Co., Ltd. (Zheng Jian Xu Xu [2020] No. 2752), the company was allowed to issue 30 million ordinary shares of RMB to the public at an issue price of RMB 162.07 per share, and the total amount of funds raised in this offering was RMB 486,210,000, and the actual net amount of funds raised was RMB 4,758,781,200 after deducting the issuance expenses of RMB 103,318,800 excluding tax. Lixin Certified Public Accountants (Special General Partnership) conducted a review of the company's funds for the public issuance of new shares

and issued the "Capital Verification Report" on December 9, 2020 (Xinhuishi Bao Zi [2020] No. ZA16018

No.).

In order to standardize the management and use of raised funds, improve the efficiency and interests of the use of funds, and protect the rights and interests of investors, in accordance with 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, the Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies, the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation, and the provisions of relevant laws, regulations and normative documents, combined with the actual situation of the company, the " The management system of raised funds", the company implements special account storage for raised funds, and has signed a tripartite supervision agreement with the bank opening bank and sponsor institution for raising funds, clarifying the rights and obligations of all parties. The opening of the company's special account for raising funds before the cancellation is as follows:

Serial No. Account Name Bank Name Special Account Number for Raising Funds Status

1 Hengxuan Technology (Shanghai) Co., Ltd. China Merchants Bank Shanghai Branch 110921423310117 Noted

Limited Company Sales

2 Hengxuan Technology (Shanghai) Co., Ltd. China CITIC Bank Xuhui Branch 8110201013401267735 Exists

Ltd

Serial No. Account Name Bank Name Special Account Number for Raising Funds Status

3 Hengxuan Technology (Shanghai) Co., Ltd. Bank of China, Shanghai Zhangjiang, 435180722514 this time

The branch of the limited company is deregistered

4 Shanghai Hengxuan Intelligent Technology has the 8110201012801343688 existence of China CITIC Bank Xuhui Branch

Limited to companies

5 Hangzhou Xitang Ganxin Technology has the 8110201013601574904 existence of China CITIC Bank Xuhui Branch

Limited to companies

6 Hengxuan Technology (Beijing) Co., Ltd. China CITIC Bank Xuhui Branch 8110201013501617620 Survival

firm

7 Hengxuan Microelectronics (Shanghai) has the 8110201012201837632 existence of China CITIC Bank Xuhui Branch

Limited to companies

8 Hengxuan Technology (Shenzhen) Co., Ltd. China CITIC Bank Xuhui Sub-branch 8110201013201734384 Survival

firm

9 Hengxuan Technology (Wuhan) Co., Ltd. China CITIC Bank Xuhui Branch 8110201012901734383 Exists

firm

10 Hengxuan (Xi'an) Integrated Circuit China CITIC Bank Xuhui Branch 8110201012401837633 Survival

Ltd

11 Hengxuan Technology (Chengdu) Co., Ltd. China CITIC Bank Xuhui Branch 8110201012301795370 Exists

firm

2. The cancellation of the special account for raising funds

The company's deposit in the Bank of China Shanghai Zhangjiang branch of the raised funds in the special account (account number: 435180722514) of the raised funds has been used up, in order to facilitate the management of the company's capital account and reduce management costs, the company has recently completed the cancellation procedures of the special account for raising funds.

After the cancellation of the above-mentioned special account for raising funds, the "Tripartite Supervision Agreement on Raised Funds" signed by the company with its subsidiaries, sponsors and banks will be terminated accordingly.

The announcement is hereby made.

Hengxuan Technology (Shanghai) Co., Ltd

board of directors

April 9, 2025