Guoyuan Securities' sponsorship of iFlytek's application to issue A-shares to specific investors has been approved and registered by the CSRC.

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On March 27, 2026, the China Securities Regulatory Commission issued the “Approval on the Registration of the Specific Target Issuance of Stock by iFlytek Co., Ltd. (hereinafter referred to as ‘iFlytek’)” (License No. [2026]502), exclusively sponsored and underwritten by Guoyuan Securities for the 2025 annual issuance of A-shares to specific targets.

About iFlytek

iFlytek continuously focuses on core AI technologies such as intelligent voice, natural language understanding, multimodal technology, and general artificial intelligence, maintaining an international leading level. It actively promotes the research and development of AI products and the implementation of industry applications, dedicated to “enabling machines to listen and speak, understand and think, and using artificial intelligence to build a better world.” Its main business (products) includes the education sector, healthcare sector, smart cities, carrier business, open platform and consumer business, automotive products and services, as well as enterprise AI solution services.

This issuance of stock to specific targets marks the 8th capital market cooperation between iFlytek and Guoyuan Securities. Since sponsoring iFlytek’s listing in 2008, Guoyuan Securities has cumulatively served iFlytek with a fundraising amount exceeding 10 billion yuan, providing deep companionship and professional support to help iFlytek become an absolute leader in the artificial intelligence industry. For a long time, Guoyuan Securities has deeply served the development of national strategic emerging industries, providing companion-style, comprehensive financial services for the iFlytek group of high-tech enterprises, assisting iFlytek, iFly Intelligent, iFly Guochuang, and Guandun Quantum in entering the capital market, witnessing their growth together, with cumulative financing exceeding 14 billion yuan.

Issuance Overview

This issuance of stock to specific targets aims to raise a total of no more than 4 billion yuan, with the raised funds to be used for the Spark Education large model and typical product project, computing power platform project, and supplementing working capital. Upon completion of this issuance, iFlytek will continue to carry out full-stack independent and controllable AI technology research and development, actively seize strategic opportunities, improve the company’s financial structure, reduce financial risks while promoting the long-term sustainable development of the company, consolidate the company’s market position, enhance the company’s core competitiveness, and further increase the company’s business scale and profitability, which is in the interest of the company and all shareholders.

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