Claret plans to pay 60 million yuan from its own funds to supplement working capital project expenses, which will be subsequently replaced with equivalent fundraising proceeds.

【Beijing, March 17, 2026】Weihai Klatefire Fan Co., Ltd. (Stock Code: 920689, Stock Abbreviation: Klatefire) announced today that the company will use its own funds to prepay the related amounts for the “Supplementary Working Capital Project” in the fundraising project, and plans to perform an equal amount of replacement with the raised funds after completing internal approval procedures.

Basic Information on Fundraising

The announcement shows that Klatefire received the China Securities Regulatory Commission’s registration approval on January 27, 2026, for issuing convertible corporate bonds to specific targets. The company is issuing 2 million convertible bonds, each with a face value of 100 yuan, raising a total of 200 million yuan. After deducting the non-tax issuance fee of 4.7472 million yuan, the net amount of funds raised is 195.25 million yuan.

All of these funds were fully received by February 13, 2026, and an capital verification report was issued by Dahua Certified Public Accountants. The company has opened a dedicated account for the raised funds and signed a “Tripartite Supervision Agreement for the Fundraising Special Account” with the sponsor institution and the depository bank.

Overview of the Fundraising Investment Projects

Klatefire’s raised funds will be invested in two projects:

Details of the Replacement Plan

According to the announcement, employee wages, taxes, social insurance fees, and housing provident fund payments in the company’s daily operations are mainly handled via bank collection. If paid directly from the dedicated fundraising account, new agreements would need to be signed with banks and tax authorities. To ensure compliance with the use of raised funds, the company plans to prepay these expenses with its own funds, and then subsequently withdraw the corresponding amounts from the fundraising account for an equal replacement.

The replacement process is as follows:

1. The company’s finance department prepares a monthly replacement application form, which, after internal approval, transfers an equivalent amount from the fundraising account to the company’s own funds account.
2. The sponsor institution will continuously supervise the replacement through on-site inspections, written inquiries, and other methods.

Impact on the Company and Review Procedures

Klatefire states that this replacement will not affect the normal progress of the fundraising projects, nor will it change or disguise the use of raised funds or harm the interests of the listed company and shareholders. It aligns with the company’s actual operational development needs.

This matter has been approved at the 9th meeting of the fifth board of directors, the 8th meeting of the audit committee of the fifth board, and the 5th independent director meeting of the fifth board, and does not require submission to the shareholders’ meeting for approval.

Sponsor Institution’s Opinion

Zhongtai Securities, the company’s sponsor institution, believes that this replacement has undergone necessary review procedures, complies with relevant laws, regulations, and the company’s articles of association, and will not affect the normal development of the fundraising projects or harm the interests of the company and shareholders. They have no objections to this matter.

Relevant documents for review include related meeting resolutions and the sponsor’s verification opinions.

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