GDC Tech Group Co., Ltd. 2025 Annual Report Summary

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Stock Code: 002152 Stock Abbreviation: Guangdian Yuntong Announcement Number: Ding 2025-04

I. Important Notice

This annual report summary is derived from the full annual report. To fully understand the company’s operational results, financial status, and future development plan, investors should carefully read the full annual report in the media designated by the China Securities Regulatory Commission.

All directors have attended the board meeting to review this report.

Non-standard audit opinion reminder

□ Applicable √ Not applicable

Profit distribution plan or capital reserve transfer to increase capital proposal reviewed by the board

√ Applicable □ Not applicable

Is the capital reserve transferred to increase capital?

□ Yes √ No

The profit distribution plan approved by the board of directors this time is: based on 2,483,382,898 shares, a cash dividend of 2.00 yuan (including tax) will be distributed for every 10 shares to all shareholders, with 0 bonus shares (including tax), and no capital reserve will be transferred to increase the capital.

The preferred stock profit distribution plan approved by the board of directors for this reporting period

□ Applicable √ Not applicable

II. Basic Information of the Company

1. Company Profile

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2. Introduction of Main Business or Products During the Reporting Period

3. Business Areas and Position

Guangdian Yuntong is a leading enterprise in the artificial intelligence industry and one of the first high-tech listed companies to lay out the digital economy. The company’s main business covers financial technology, urban intelligence, smart transportation, and other fields, providing competitive intelligent terminals, operational services, and big data solutions for global customers.

In the field of financial technology, the company has ranked first in the domestic smart financial equipment market share for 18 consecutive years, becoming the largest supplier and service provider of financial smart self-service equipment in China, with comprehensive strength ranking among the top three globally, and its business scope covers more than 130 countries and regions around the world.

In the urban intelligence field, the company uses comprehensive digitalization as a traction to deepen its focus on digitalization for government and enterprises, smart security, intelligent computing power, and other core areas, strengthen the value release of “data elements ×”, and accelerate the promotion of benchmark demonstration projects, achieving significant results in the integration of data and reality.

In the smart transportation field, the company is one of the few core technology enterprises in China mastering key devices and modules of automatic ticketing and checking systems (AFC). Its smart travel products and solutions have covered more than 20 countries and regions, over 40 cities in China, and more than 100 subway and high-speed rail lines.

2. Introduction of Core Business

In the context of the deep advancement of the global digital economy and the deep integration of artificial intelligence with the real economy, Guangdian Yuntong, with “AI in all” as its core orientation, continues to strengthen its technological foundations, expand scenarios, and enhance capital synergy, promoting high-quality development in financial technology, urban intelligence, smart transportation, and other business areas, solidifying its development positioning as a “leading enterprise in artificial intelligence industry applications.”

2.1 Scenario One: Financial Technology

As a leading enterprise in financial technology, Guangdian Yuntong deeply participates in the digital transformation of financial institutions centered on banks, while consolidating its leading position in the existing markets of intelligent terminals and technical services, vigorously expanding incremental businesses in digital payment, data services, and digital finance, accelerating the “going global” pace of smart financial equipment and innovative business, and actively exploring new growth points.

2.1.1 Intelligent Financial Equipment and Operational Services

In the domestic market, the company has ranked first in the domestic smart financial equipment market share for 18 consecutive years, solidifying its leading position in the industry. Driven by AI technology, the company has built a matrix of intelligent financial equipment covering all scenarios such as branch service, external marketing, and physical management, deeply participating in the digital upgrade of core operational scenarios such as bank branches, vaults, and archives, empowering the reform of bank operations and efficiency improvements. During the reporting period, the company’s business scale continued to expand, and its business structure continued to optimize. Traditional products such as integrated deposit and withdrawal machines, sorting machines, and non-cash devices maintained a high share; smart cloud counters were deployed on a large scale nationwide, with the super counter robot being piloted first in major banks. AI + innovative products are accelerating their transition from pilot validation to large-scale commercial use, constructing a new financial AI ecosystem that is technologically advanced, scenario-closed-loop, and commercially sustainable.

The company provides a full industry chain outsourcing service for numerous financial institutions, including branch operations, cash management, operation and maintenance management, and security management, with a mature S2B platform in the intelligent equipment service field and a service network covering the entire country, offering one-stop after-sales service solutions. During the reporting period, the company achieved full inclusion of the six major state-owned banks and 12 joint-stock banks, and the maintenance service scale exceeded 348,000 units, with continuous growth, maintaining its leading position in the industry.

In the international market, the company began its internationalization journey in 2003 and has built a global business network covering five major regions: Asia-Pacific, the Middle East, Europe, Africa, and the Americas. Its products and services have entered more than 130 countries and regions, providing comprehensive solutions in finance, pan-finance, and smart retail for global financial institutions and retail customers. The company adheres to the collaborative development strategy of “global layout + localized cultivation,” continuously improving its overseas sales network and localized service system. Based on intelligent financial equipment and smart banking branch solutions, it actively promotes domestic leading innovative solutions in intelligent retail, pan-finance, and artificial intelligence overseas, constantly enriching its product and solution matrix. In recent years, while consolidating its advantages in markets such as Europe, Asia-Pacific, and the Americas, the company has accelerated its expansion into high-potential regions such as Africa and the Middle East, steadily increasing its overseas market penetration rate and share. In the future, the company will promote the transformation of its business model from “equipment sales” to “product + service + platform” diversified driving, vigorously promoting full life-cycle maintenance services for equipment and industry-level omnichannel software solutions, further optimizing its revenue structure, and enhancing the sustainability of business development.

2.1.2 Financial Technology Innovation Business

In digital payment, the company drives Huaitong Hong Kong’s approval for an MSO license through the acquisition of Zhongjin Payment. The payment sector has formed a layout of “dual licenses at home and abroad,” focusing on building integrated fund service capabilities of “domestic + overseas.” In domestic payments, the subsidiary Zhongjin Payment continues to strengthen core capabilities in internet public payment, full-scenario payment settlement for e-commerce, and unified fund management for e-commerce, creating a diversified product system to meet the payment and fund management needs of different client groups such as standard merchants, platform merchants, and service providers. At the same time, the company focuses on key areas such as consumer finance, automotive, travel, and retail consumption, forming industry solutions covering the entire link, deeply participating in the digital transformation of central state-owned enterprises, the upgrade of financial institutions’ business, and the construction of internet platform ecosystems. In cross-border payments, Guangdian Yuntong’s subsidiary Huaitong Hong Kong has obtained an MSO license issued by Hong Kong Customs, officially qualifying for compliant cross-border fund settlement and foreign exchange exchange, launching the “Guanghuaitong GPX” global collection and remittance platform, supporting supply chain payments and domestic and foreign fund linkage management, and providing safe, efficient, and low-cost cross-border fund solutions for enterprises going abroad.

In the field of digital renminbi, the company has built full-stack service capabilities that cover both software and hardware and has become a core participant in the infrastructure construction of digital renminbi. On the hardware level, it provides various forms of hard wallets and smart terminals for digital renminbi, capable of issuing hard wallets, opening accounts, checking balances, fund deposit and withdrawal, and cancellation of all functions, deeply embedding itself in the core operations and exchanges of digital renminbi. On the software level, the company provides ecological products such as smart contracts, payment channels, and core business systems for commercial banks and institutions, creating regional platforms for digital renminbi in cities like Guangzhou and Fangchenggang, and has built digital renminbi systems for 10 rural credit and urban commercial banks. In terms of scenario implementation, the company is vigorously advancing both domestic scenario cultivation and cross-border application exploration, covering various fields such as wholesale and retail, public services, and cross-border settlement, successfully implementing multiple benchmark projects such as the Beibu Gulf digital renminbi comprehensive service platform and the AR digital renminbi hard wallet for various scenarios for the 15th National Games.

In the field of data services, the subsidiary Zhongshuzhihui is a leading commercial big data service provider in China, focusing on enterprise credit investigation and big data services. The company integrates, processes, and deeply mines massive information on business entities, providing cross-dimensional, cross-industry, and cross-department panoramic data display and analysis services for clients. Relying on cutting-edge AI technologies such as large language models, Zhongshuzhihui continuously enhances its data structuring processing capabilities and commercial value insights, driving the efficient transformation of data value through technological innovation, providing precise and efficient data intelligence services for clients. Currently, it has achieved 100% service coverage of the headquarters of major national commercial banks, maintaining its leading position in the domestic enterprise credit investigation business market.

In the field of financial AI robots, Guangdian Yuntong, relying on its deep accumulation in financial security and business management, intelligent financial equipment, and scenario-based artificial intelligence, will establish Super Intelligence by the end of 2025, officially entering the embodied intelligence track. The company focuses on vertical fields such as finance, aiming to create “super professional intelligent robots” as its strategic direction. Currently, it has made several breakthroughs in key technologies such as robot body design, embodied intelligence brain size, and motion control. Leveraging the company’s rich financial scenario resources, it has completed the development of two products: the super counter robot and the branch AI robot, with the super counter robot already entering pilot applications in bank branches, marking a substantial step in the transformation and application of technological achievements to actual scenarios.

2.1.3 Digital Finance

The subsidiary Zhongke Jiangnan, as a market-leading provider of comprehensive solutions in digital government affairs and digital finance, always adheres to the concept of “technology-driven, serving society,” with the mission of “empowering digital government with technology.” It practices the core values of “customer first, integrity as the foundation, hard work, innovation in action, value sharing, and pursuit of excellence,” integrating corporate growth into the national development process. During the reporting period, the electronic accounting voucher comprehensive service platform built by Zhongke Jiangnan for Nantong City was selected as an application case for the electronic voucher accounting data standard by the Ministry of Finance; under the guidance of the Guangzhou Medical Insurance Bureau, the project “Innovation of the Integration Model of Commercial Insurance and Basic Medical Insurance Based on Chronic Disease Management,” co-applied with Guangzhou Data Group and China Pacific Insurance, won third place in the 2025 National Smart Medical Insurance Competition hosted by the National Medical Insurance Bureau.

2.2 Scenario Two: Urban Intelligence

Guangdian Yuntong leverages its AI + scenario resource advantages to actively promote the construction of new urban infrastructure for digitalization, vigorously expanding innovative businesses such as smart security, government and enterprise digitalization, and continuously promoting the application of core products and solutions such as data foundations to achieve refined and intelligent management of urban data and information.

2.2.1 Government and Enterprise Digitalization

The company is fully promoting government and enterprise digitalization, with its subsidiary Yuntong Information as the main construction and operation entity, relying on its investment platform Guangdian Shitou to promote and replicate digital government construction experience in various regions, empowering the digital innovation ecosystem of the government and enterprises. Yuntong Information has successfully created a series of high-quality digital products and solutions, building a data governance service system that integrates technology, data, and service operations. In data governance, the company has built a platform for data elements development and operation, positioned as a city-level data infrastructure, assisting in the cultivation of the data industry ecosystem; it has broken through key technologies for secure and credible data circulation, constructed credible data space solutions, and promoted the large-scale and efficient circulation and utilization of data resources. In government and enterprise digitalization, the company deepens the integration and application of big data and AI technologies in areas such as digital government, state-owned assets, auditing, and enterprise, focusing on creating benchmark projects such as Huizhou Smart City Construction and the second phase of the Guangzhou Digital Science Group’s digital control platform. In terms of cloud services, Yuntong Information continues to consolidate its leading position with the “One Cloud” strategy, with its operated Guangzhou government cloud platform providing a solid “digital moat” for the 15th National Games and the Paralympic Games, successfully completing major event support tasks.

In 2022, the company invested in the establishment of its wholly-owned subsidiary Guangdian Shitou as a digital investment platform, which has set up digital economy investment and operation companies in areas such as Huizhou District, Huadu District, and Liwan District in Guangzhou, Qingyuan City, Shanwei City, Jieyang City, Maoming City, Zhaoqing City, Pingdingshan City in Henan Province, and Longyan City in Fujian Province, fully leveraging the company’s existing resource advantages to promote its business nationwide. During the reporting period, the company successively won bids for the Huadu Industrial Park digital construction project, Liwan District digital empowerment construction project, Maoming Gaozhou smart government project, and Lingnan Normal University artificial intelligence application innovation training center construction project.

2.2.2 Intelligent Computing Power

The subsidiary Guangdian Wuzhou, with “cloud-edge collaborative intelligent computing infrastructure” as its core business strategy, aims to establish a full chain data closed loop from large-scale training in the cloud to real-time reasoning at the edge through its independently developed cloud-edge collaborative architecture. It focuses on building four key technology areas: large-scale computing power clusters, heterogeneous computing power integration and governance, unified computing architecture and high-speed interconnection, and next-generation green computing and thermal management, forming a full-chain capability from core technology R&D, product independent design and manufacturing to integrated hardware and software solution implementation. Relying on the “domestic, differentiated, and integrated hardware and software” strategy, Guangdian Wuzhou can provide precisely adapted computing power products and overall solutions for multiple industry scenarios, meeting the national requirements for independent controllability of core technologies. It has established deep cooperation with mainstream domestic GPU manufacturers such as Huawei Ascend, Muxi Xiyun, Baidu Kunlun Core, and Alibaba PingTouGe, and possesses full-stack delivery capabilities from single-machine high-performance computing to large-scale cluster elastic expansion, comprehensively covering application scenarios such as AIGC, computer vision, and big data analysis, achieving independent controllability of computing power and efficient supply.

2.2.3 Intelligent Security

The subsidiary Guangdian Anbao has acquired and established more than 30 armed escort and financial outsourcing service companies nationwide, with business coverage in 18 provinces, autonomous regions, and municipalities including Hunan, Hubei, Shaanxi, Inner Mongolia, Xinjiang, Henan, Yunnan, and has built and operated 10 high-end financial industrial parks. It has nurtured three “national science and technology small and medium-sized enterprises,” four “high-tech enterprises,” and three “specialized and innovative small and medium-sized enterprises.” Guangdian Anbao is leading in scale and operational strength in the financial armed escort industry, with 22 armed escort companies under its umbrella, 95 vaults established, more than 2,000 operational escort vehicles, and an annual service network exceeding 6,700 points. Its self-developed security intelligent control platform has obtained 13 software copyrights and has integrated the company’s artificial intelligence technology capabilities to build a new system for intelligent security operations. Relying on a professional security service team, operational strength in security, and technical capabilities in the industry, Guangdian Anbao promotes the rapid development of “security +” urban public safety services, accelerating the implementation of innovative businesses such as police-security linkage, digital archiving, and drone training and application, and building low-altitude business scenarios such as drone training, youth competitions, and low-altitude security.

2.3 Scenario Three: Smart Transportation

As a leading enterprise in the smart transportation field, the subsidiary Yuntong Intelligent provides overall digital travel solutions for industry clients such as subways, high-speed rail, highways, and urban roads. Its products and solutions have covered more than 20 countries and regions, over 40 cities in China, and more than 100 subway and high-speed rail lines, successfully selected as one of the eighth batch of national champions in single manufacturing. Yuntong Intelligent has participated in significant engineering projects such as the country’s first smart subway station, the first full ticket type electronic invoice project for urban rail transit, the first internet cloud ticketing platform, the first palm payment project for gate passage, and the first intelligent security system for urban rail transit networks, fully demonstrating its strong technological R&D capabilities. Under the guidance of the big transportation strategy, Yuntong Intelligent focuses on new opportunities for future transportation industry development centered around digital transportation, vehicle-road collaboration, and low-altitude economy, systematically deploying the “two big and four small” business mainlines, creating a three-dimensional transportation network of “underground + ground + airspace,” continuously expanding and strengthening the business chain, and opening up new development prospects. At the same time, Yuntong Intelligent is promoting the global implementation of smart transportation business, with products and solutions covering multiple countries and regions including Italy, Thailand, Malaysia, Egypt, Kazakhstan, India, Colombia, and Brazil.

3. Technological Accumulation and Innovation

Guangdian Yuntong has established a R&D organizational system of “Research Institute + Professional Research Institutes,” with a professional R&D team of over 3,000 people, including academicians, PhDs, and masters. The Research Institute is responsible for the overall technical management of the company’s “1+N” (1 Research Institute + N Professional Research Institutes) R&D system and focuses on key technology R&D and industrialization that are foundational, generic, and cutting-edge, aligned with the company’s overall development strategy. Each professional research institute is responsible for closely monitoring scenario demands, refining industry application products and solutions, while each subsidiary is responsible for the industrialization and commercialization of subdivided scenarios, completing the entire process from product R&D to implementation through efficient internal collaboration. As of the end of the reporting period, Guangdian Yuntong has obtained 3,172 patent authorizations, registered 411 computer software copyrights, and led or participated in the formulation or revision of 72 national standards, of which 65 involve artificial intelligence.

3.1 Basic Technology R&D

The company closely follows the digital transformation needs in various business fields, continuously deepening the R&D of core technologies such as big data and artificial intelligence. By promoting the iterative advancement of the aiCore platform, it has constructed a digital foundation technology system centered on artificial intelligence and big data, covering the computing power layer, platform layer, and application layer, forming a complete intelligent ecological closed loop. In the field of large models, it has built a product technology system that includes foundational technologies, vertical industry models, knowledge middle platforms, and intelligent applications, forming advantages in multiple aspects such as native trust innovation, industry knowledge accumulation, model architecture optimization, model scale adaptation, and model lightweighting. Focusing on vertical scenarios such as financial technology and urban intelligence, it has created the Wangdao industry large model and developed the aiCore knowledge middle platform, connecting the full link from knowledge governance to AI Agent construction, assisting clients in quickly building AI Agent applications, and realizing scenario-based empowerment of large models. It has developed the Smart Audit Integrated Machine, which can solve the challenges of content review, information extraction, and duplicate comparison of large-scale documents in auditing scenarios in one stop, providing safe, intelligent, and efficient digital auditing services. In terms of AI foundation construction, it continues to promote the R&D of enterprise-level AI middle platforms, completing algorithm engine iterative upgrades, and developing scenario-based AI platforms such as intelligent scheduling platforms and urban AI operation centers. In addition, it continues to deepen its research in digital technology and artificial intelligence, achieving breakthroughs in areas such as digital renminbi, blockchain, and privacy computing.

3.2 Deepening Application Technology and Product R&D

The company closely follows the application needs of scenarios, continuously refining industry application products and solutions. During the reporting period, in the field of intelligent finance, it has orderly advanced the R&D of complete machines, cores, modules, and software, promoting the development of next-generation ATM complete machines, foreign currency exchange machines, and biometric recognition platforms; around overseas market application needs, it continues to implement major software platform projects and operation and maintenance platform construction; steadily promotes the development and operation platform for data elements, comprehensive command and dispatch management platform, government investment budget auditing platform, intelligent risk control big data platform, and intelligent collaborative platform for documents; in the field of AI application products, it has created large model service platforms and knowledge middle platforms, and developed AI innovations such as “Smart Audit” and “Smart Pen” tailored for auditing and government enterprise office scenarios; it has launched a privacy computing platform product V1.0 based on data elements, achieving functionalities such as node networking, task scheduling, data management and auditing, multi-party secure computing, federated learning, trusted execution environment, and blockchain proofing between different institutions, and successfully implemented it in the Guangxi border trade risk control platform project; regarding data element circulation, it has built a reliable data technology foundation for sharing, openness, and trading; achieved breakthroughs in the core algorithms of MPC such as privacy-preserving intersection, concealed queries, and joint computing, supporting secure computing of multi-party data, promoting the efficient circulation and sharing of data resources; and the digital human product has significantly improved the response speed and user experience of virtual human-machine interaction through technological upgrades; significant progress has been made in the field of smart transportation in areas such as smart subways, highways, traffic signal control, airport travel, security inspection services, and overseas cash and ticket machine cores.

3. Main Accounting Data and Financial Indicators

(1) Main accounting data and financial indicators for the past three years

Does the company need to restate or adjust the previous year’s accounting data?

□ Yes √ No

Unit: Yuan

■

(2) Main accounting data by quarter

Unit: Yuan

■

Are the above financial indicators or their totals significantly different from those disclosed in the company’s quarterly reports or semi-annual reports?

□ Yes √ No

4. Share Capital and Shareholder Information

(1) Number of common shareholders and preferred shareholders with restored voting rights and the shareholding situation of the top 10 shareholders

Unit: Shares

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Note: Guangzhou Digital Science Group has pledged its 360 million A-shares and their income as collateral due to a non-public issuance of exchangeable corporate bonds.

Shareholders holding more than 5%, top 10 shareholders, and the share lending situation of top 10 unrestricted circulating shareholders participating in the transfer and financing business

□ Applicable √ Not applicable

The changes in the top 10 shareholders and the top 10 unrestricted circulating shareholders due to lending/returning for transfer financing

□ Applicable √ Not applicable

(2) Total number of preferred shareholders and the shareholding situation of the top 10 preferred shareholders

□ Applicable √ Not applicable

There are no preferred shareholders during the reporting period.

(3) Disclosure of the ownership and control relationship between the company and the actual controller in a flowchart

■

Note: The Guangzhou State-owned Assets Supervision and Administration Commission performs shareholder duties on behalf of the Guangzhou Municipal People’s Government, authorized by the Guangzhou Municipal People’s Government.

5. Bond Status as of the Approval Date of the Annual Report

√ Applicable □ Not applicable

(1) Basic information on bonds

■

(2) Latest tracking rating and rating changes for the company’s bonds

During the reporting period, the company maintained an AAA issuer credit rating, with no rating adjustments.

(3) The company’s main accounting data and financial indicators for the past two years as of the end of the reporting period

Unit: Ten Thousand Yuan

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III. Important Matters

1. The wholly-owned subsidiary of the company, Guangzhou Guangdian Yuntong Information Technology Co., Ltd. (hereinafter referred to as “Yuntong Information”), introduced strategic investors through public listing and private agreements while implementing employee shareholding. Guangzhou Guoshang Xinfuhua Industry Investment Fund Partnership (Limited Partnership), Guangzhou Chengfa Zhichuang Equity Investment Partnership (Limited Partnership), and Guangzhou State-owned Mixed Reform Phase II Equity Investment Fund Partnership (Limited Partnership) successfully won the bid, with a subscription price of 4.9 yuan. Guangzhou Data Group Co., Ltd. and the employee shareholding platform will simultaneously invest according to the transaction price determined by Yuntong Information’s public listing results in this round. This time, Yuntong Information raised a total of 76,574,757 yuan.

2. During the reporting period, the company successfully issued Guangdian Yuntong Group Co., Ltd. 2025 Technology Innovation Company Bonds (First Phase) for professional investors (Bond Abbreviation: 25 Guangdian Yuntong K1, Bond Code: 524288.SZ), with a total issuance amount of 400 million yuan, a bond term of 3 years, and a coupon rate of 1.80%.

3. To further improve the governance structure and enhance standardized operation levels, the company’s controlling subsidiary Guangzhou Guangdian Yuntong Intelligent Technology Co., Ltd. underwent a shareholding system reform, changing its name to Guangzhou Yuntong Intelligent Technology Co., Ltd.

Guangdian Yuntong Group Co., Ltd.

Chairman: Chen Jianliang

March 26, 2026

Stock Code: 002152 Stock Abbreviation: Guangdian Yuntong Announcement Number: Lin 2026-008

Guangdian Yuntong Group Co., Ltd.

Special Report on the Storage, Management, and Use of Raised Funds in 2025

The company and all members of the board of directors guarantee that the disclosure of information is true, accurate, complete, and does not contain false records, misleading statements, or major omissions.

According to the “Regulations on the Supervision of Raised Funds by Listed Companies” issued by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) (CSRC Announcement [2025] No. 10), the “Self-regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange” No. 1—Standard Operation of Main Board Listed Companies, and related format guidelines, the board of directors of Guangdian Yuntong Group Co., Ltd. (hereinafter referred to as “Guangdian Yuntong” or “the Company”) has prepared the “Special Report on the Storage, Management, and Use of Raised Funds in 2025” (if the total numbers do not match the sum of the detailed numbers, it is due to rounding).

I. Basic Situation of Raised Funds

(1) Amount and Arrival Time of Raised Funds

According to the CSRC’s approval of the non-public issuance of shares of Guangzhou Guangdian Yuntong Financial Electronics Co., Ltd. (CSRC Permit [2015] No. 3135), the company non-publicly issued 182,820,000 shares of RMB ordinary shares (A-shares) at an issue price of 17.16 yuan/share, raising a total of 3,137,191,200.00 yuan. After deducting the related issuance fees of 21,661,435.10 yuan, the actual net amount raised by the company is 3,115,529,764.90 yuan. The raised funds have been deposited into the company’s special account for raised funds, and Lixin Certified Public Accountants (Special General Partnership) verified the arrival of the raised funds on February 29, 2016, and issued the “Verification Report No. [2016] 410100” on the capital verification.

(2) Use of Raised Funds

As of December 31, 2025, the use of raised funds is as follows: replacing previously self-raised funds of 81,645,400 yuan, used to supplement working capital of 1,155,239.80 yuan, with remaining raised funds from completed projects permanently supplementing working capital of 631,340.80 yuan, directly invested in raised fund projects of 332,879.30 yuan, and invested in changed projects of 1,211,923.00 yuan, totaling 3,413,028.30 yuan used.

Unit: Ten Thousand Yuan

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Note 1: Project investment includes replacing previously self-raised funds, direct investment in raised fund projects, and investment in changed projects.

Note 2: The remaining raised funds from completed projects permanently supplementing working capital are detailed in this report Section III (1) 1 “Construction of Guangzhou Financial Outsourcing Service Headquarters Platform,” Section III (1) 2 “Construction of Regional Financial Outsourcing Service Platform,” Section IV (1) “Smart Convenience Project,” Section IV (2) “New Generation AI Intelligent Equipment Industrial Base Project,” and Section IV (4) “Guangdian Yuntong Artificial Intelligence Shenzhen Innovation Center Project.”

II. Storage and Management of Raised Funds

(1) Management of Raised Funds

The company approved the “Management Measures for Raised Funds (Revised in August 2025)” at the first extraordinary general meeting of shareholders in 2025 held on September 2025. According to the “Management Measures,” the company implements special account storage for raised funds to supervise the use of raised funds; strictly follows the approval procedures for expenditures on raised fund project investments; the company’s audit department conducts daily supervision of the use of raised funds, regularly checks the use of raised funds quarterly, and reports the inspection results to the audit and compliance committee.

At the 16th (temporary) meeting of the fourth board of directors held on March 11, 2016, it was agreed that the raised funds for the construction of the national financial outsourcing service platform would be stored in the special account for raised funds opened by the company’s wholly-owned subsidiary Guangzhou Guangdian Yintong Financial Electronics Technology Co., Ltd. (hereinafter referred to as “Guangzhou Yintong”). According to relevant regulations, in March 2016, the company and its wholly-owned subsidiary Guangzhou Yintong signed a “Tripartite Supervision Agreement on Raised Funds” with five banks including China Construction Bank Co., Ltd. Guangdong Branch, Bank of China Co., Ltd. Guangzhou Tianhe Branch, China Minsheng Banking Corp., Ltd. Guangzhou Branch, Guangzhou Rural Commercial Bank Co., Ltd. Huaxia Branch, and CITIC Bank Co., Ltd. Guangzhou Tianhe Branch, along with the sponsoring institution Huatai United Securities Co., Ltd., to standardize the use of raised funds.

1. Given that the main engineering and interior decoration for the “Construction of Guangzhou Financial Outsourcing Service Headquarters Platform” project have been basically completed and are in a usable state, it is expected that the remaining raised funds will be available for further improving the efficiency of raised fund use. The company held the fifth board of directors’ fourth meeting on March 29, 2018, and the 2017 annual general meeting on April 23, 2018, to approve the proposal to change part of the raised funds intended for investment in “Construction of Guangzhou Financial Outsourcing Service Headquarters Platform” totaling 140 million yuan to be used for the investment in the “Smart Convenience Project,” changing the implementation entity from fully-owned subsidiary Guangzhou Yintong to the holding company Guangzhou Yuntong Gokai Technology Co., Ltd. (hereinafter referred to as “Yuntong Gokai”).

To standardize the management of raised funds, according to relevant regulations, at the seventh (temporary) meeting of the fifth board of directors, it was approved that Guangzhou Yintong and Yuntong Gokai sign a “Tripartite Supervision Agreement on Raised Funds” with CITIC Bank Co., Ltd. Guangzhou Branch and the sponsoring institution Huatai United Securities Co., Ltd. on June 14, 2018.

2. To align with the company’s artificial intelligence development strategy and further improve the efficiency of raised fund use, the company held the 18th (temporary) meeting of the fifth board of directors on June 18, 2019, and the first extraordinary general meeting of shareholders on July 4, 2019, to approve the proposal to change part of the raised funds originally intended for investment in “Construction of Regional Financial Outsourcing Service Platform” totaling 60,506,080 yuan to be used for the investment in the “New Generation AI Intelligent Equipment Industrial Base Project.” The implementation entity changed from the wholly-owned subsidiary Guangzhou Yintong to Guangdian Yuntong.

To standardize the management of raised funds, according to relevant regulations, at the 19th (temporary) meeting of the fifth board of directors, it was approved that Guangdian Yuntong sign a “Tripartite Supervision Agreement on Raised Funds” with Guangzhou Rural Commercial Bank Co., Ltd. Huaxia Branch and the sponsoring institution Huatai United Securities Co., Ltd. on July 5, 2019.

3. To align with the company’s artificial intelligence development strategy and further improve the efficiency of raised fund use, the company held the 21st (temporary) meeting of the fifth board of directors on October 24, 2019, and the second extraordinary general meeting of shareholders on November 11, 2019, to approve the proposal to change part of the raised funds originally intended for investment in “Construction of Regional Financial Outsourcing Service Platform” totaling 50 million yuan to be used for the acquisition of a 1,321 m2 land plot KXCN-C1-2-7 in Huangpu District, Guangzhou, and the construction of the “Guangdian Yuntong Phase IV Core Technology Industrialization Upgrade and Expansion Project.” The implementation entity changed from the wholly-owned subsidiary Guangzhou Yintong to Guangdian Yuntong.

4. With the rapid implementation of the company’s artificial intelligence development strategy and continuous high investment in R&D, the company needs to leverage Shenzhen’s innovative policies, capabilities, and environment to accelerate the development and growth of its innovative business. The company held the 22nd (temporary) meeting of the fifth board of directors on December 27, 2019, and the first extraordinary general meeting of shareholders on January 16, 2020, to approve the proposal to change part of the raised funds originally intended for investment in the “Construction of Regional Financial Outsourcing Service Platform Project” totaling 66 million yuan to be used for the construction of the “Guangdian Yuntong Artificial Intelligence Shenzhen Innovation Center,” creating an innovative development pattern of “Guangzhou Headquarters” + “Shenzhen Base.” The implementation entity changed from the wholly-owned subsidiary Guangzhou Yintong to Shenzhen Guangdian Yintong Financial Electronics Technology Co., Ltd. (hereinafter referred to as “Shenzhen Yintong”).

To standardize the management of raised funds, according to relevant regulations, at the 24th (temporary) meeting of the fifth board of directors, it was approved that the company, Shenzhen Yintong, and China Merchants Bank Co., Ltd. Guangzhou Southern Newspaper Branch, Ping An Bank Co., Ltd. Shenzhen Branch, and Guangdong Development Bank Co., Ltd. Shenzhen Branch, along with the sponsoring institution Huatai United Securities Co., Ltd., signed a “Tripartite Supervision Agreement on Raised Funds” on February 24, 2020.

5. The company hired CITIC Securities Co., Ltd. (hereinafter referred to as “CITIC Securities”) as the sponsor for the company’s non-public issuance of A-shares in 2020, and the previous sponsoring institution Huatai United Securities Co., Ltd. has not completed the continuous supervision work regarding the company’s 2015 non-public issuance of A-shares, which will be undertaken by CITIC Securities. To standardize the management and use of raised funds and protect investors’ interests, the company and relevant subsidiaries signed a “Tripartite Supervision Agreement on Raised Funds” with the banks and sponsoring institution CITIC Securities in October 2020, and the accounts for storing raised funds have not changed.

The above tripartite supervision agreements do not have significant differences from the tripartite supervision agreement template of the Shenzhen Stock Exchange, and the company strictly follows the requirements during the use of raised funds.

(2) Storage Situation of Raised Funds in Special Accounts

As of December 31, 2025, the balance of raised funds in each bank’s special account for raised funds is listed as follows:

Unit: Yuan

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Note 1: The account of Guangzhou Rural Commercial Bank Co., Ltd. Huaxia Branch is the special account for raised funds of Guangdian Yuntong, which has been closed on March 24, 2026.

Note 2: The original accounts of China Construction Bank Co., Ltd. Guangdong Branch (Account No. 44050186320100000127) and the fixed deposit account of China Construction Bank Co., Ltd. Guangdong Branch (Account No. 44050286320100000049) were closed on June 18, 2025. The original accounts of Bank of China Co., Ltd. Guangzhou Tianhe Branch (Account No. 713366781841) and the wealth management accounts of Bank of China Co., Ltd. Guangzhou Tianhe Branch (Account No. 656178878960, 632778881628, 713378880655, 673078882123, 705578870716) were closed on July 21, 2025.

III. Actual Use of Raised Funds in This Year

(1) Use of Funds for Raised Fund Investment Projects

According to the “Issuance Report and Listing Announcement” of Guangzhou Guangdian Yuntong Financial Electronics Co., Ltd. disclosed on March 10, 2016 (hereinafter referred to as “the Report”), the planned use of raised funds is as follows:

Unit: Ten Thousand Yuan

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As of December 31, 2025, the use of funds for this raised fund investment project is detailed in Appendix 1 “Comparison Table of the Use of Raised Funds.”

The company replaced previously self-raised funds of 81,645,400 yuan, with actual investments of 86,540,900 yuan in 2016, 154,984,300 yuan in 2017, 25,190,500 yuan in 2018, 25,827,100 yuan in 2019, 13,144,300 yuan in 2020, 26,867,200 yuan in 2021, 136,600 yuan in 2022, 188,400 yuan in 2023, 0.00 yuan in 2024, and 0.00 yuan in 2025. As