Chuanrun Co., Ltd.: Will permanently supplement working capital with the remaining raised funds of 54.2859 million yuan (i.e., remaining proceeds from raised funds)

Chuanrun Co., Ltd. announced that on March 13, 2026, it convened a meeting of the Board of Directors, which examined and approved the completion of the project for its stock issuance to specific targets’ fund-raising purposes, namely the “Chuanrun Hydraulic Liquid Cooling Product Industrialization and Intelligent Manufacturing Upgrade Technology Renovation Project,” and approved that the remaining fund-raising proceeds of RMB 54.2859 million (including cash management proceeds, interest on deposits in the special account, and the net amount after deducting bank fees, excluding the subsequent estimated final payments and warranty deposits that will still need to be paid) will be permanently used to supplement working capital. The Company will still retain the special account for the fund-raising proceeds until the subsequent estimated final payments and warranty deposits have been fully paid, and then will cancel the related fund-raising special account.