Jiangxi Hongban Technology Co., Ltd. First Public Offering of Shares and Listing on the Main Board - Online Subscription and Allotment Results Announcement

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Jiangxi Hongban Technology Co., Ltd. (hereinafter referred to as “Hongban Technology,” the “Issuer,” or the “Company”) has obtained approval for its application for the initial public offering of 100M shares of RMB ordinary shares (A shares) (hereinafter referred to as the “Current Offering”) from the deliberation of the members of the Shanghai Stock Exchange Listing Review Committee, and has received approval and registration from the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) in accordance with the CSRC Permit No. [2025] 2569.

The Current Offering is conducted through a combination of (1) a targeted placement to investors participating in strategic allocation (hereinafter referred to as “Strategic Allocation”), (2) inquiry-based placement to eligible offline investors (hereinafter referred to as the “Offline Offering”), and (3) pricing-based issuance to public investors in the online market holding market value of non-restricted A shares and non-restricted depositary receipts in the Shanghai market (hereinafter referred to as the “Online Offering”).

The Issuer and the sponsor (main underwriter) have negotiated and determined that the number of shares for this public offering is 100M shares. The issued shares are approximately 13.27% of the Company’s total share capital after the offering, and consist entirely of newly issued shares in the public offering, with no transfer of existing shares. After the Current Offering, the Company’s total share capital will be 753.75M shares.

The Issuer and the sponsor (main underwriter) have negotiated and determined that the number of shares to be issued in this offering by Guolian Minsheng Securities Inc. Co., Ltd. (hereinafter referred to as “Guolian Minsheng Securities,” the “Sponsor (Main Underwriter)”) is 100M shares. Of this, the initial Strategic Allocation is expected to be 30M shares, representing 30.00% of the total number of shares of this offering. The subscription funds pledged by investors participating in Strategic Allocation have been remitted to the bank account designated by the sponsor (main underwriter) within the prescribed time. The final Strategic Allocation amount for this offering is 18.13M shares, representing approximately 18.13% of the total number of shares of this offering. The difference between the initial Strategic Allocation shares and the final Strategic Allocation shares of 11.87M shares is rolled over to the Offline Offering.

After the Strategic Allocation rollover, before the activation of the online and offline rollover mechanism, the number of shares for the Offline Offering is 60.87M shares, accounting for approximately 74.35% of the shares issued after deducting the final Strategic Allocation amount; the number of shares for the Online Offering is 21M shares, accounting for approximately 25.65% of the shares issued after deducting the final Strategic Allocation amount. The total number of shares for the final Offline and Online Offerings is equal to the total number of shares in this offering minus the final Strategic Allocation amount, i.e., 81.87M shares. The final number of shares for the Online Offering and the final number of shares for the Offline Offering will be determined based on the rollover situation.

The offering price for this offering is 17.70 yuan per share. On March 27, 2026 (T day), the Issuer will, through the trading system of the Shanghai Stock Exchange, conduct the initial issuance of “Hongban Technology” shares totaling 21M shares at the Online Offering’s price.

Investors are requested to focus on the subscription payment process for this offering and to fulfill their payment obligations in a timely manner on March 31, 2026 (T+2 day):

1、Offline investors who receive allocations shall, according to the “Jiangxi Hongban Technology Co., Ltd.’s Announcement on the Results of Initial Offline Placing and the Results of Online Lottery for the Initial Public Offering of Shares and Listing on the Main Board” (hereinafter referred to as the “Announcement on the Results of Initial Offline Placing and the Results of Online Lottery”), as disclosed on March 31, 2026, pay in full the new share subscription funds by 16:00 on March 31, 2026 (T+2 day), based on the finally determined offering price and the number of shares allocated. If an offline investor receives allocations for multiple new share issues on the same day, it is essential to remit payment for each new share separately. If allocations for multiple new shares on the same day are paid with only one combined remittance covering the total amount, merged payments will result in failure of crediting. Any consequences arising therefrom shall be borne by the investor.

After online investors subscribe for and obtain lottery results for new shares, they shall fulfill the funds settlement obligations in accordance with the “Announcement on the Results of Initial Offline Placing and the Results of Online Lottery,” ensuring that their funds accounts have sufficient subscription funds for the new shares by the end of the day on March 31, 2026 (T+2 day). Any shortfall shall be deemed a waiver of the subscription. Any consequences arising from this and relevant legal responsibilities shall be borne by the investor. The remittance of investor funds must comply with the relevant rules of the securities company where the investor places the order.

When the total number of shares for which offline and online investors have paid for and subscribed is not less than 70% of the number of shares for this public offering after deducting the final Strategic Allocation amount, the shares corresponding to the portions that are waived by offline and online investors shall be underwritten on a firm commitment basis by the underwriting group.

2、For this offline offering, a proportion-based lock-up arrangement is applied. Offline investors shall undertake that 10% of the number of shares allocated to them (calculated by rounding up) will be subject to the lock-up period of 6 months from the date on which the Issuer’s shares are first issued and listed. That is, among the shares allocated to each placing participant, 90% of the shares will be subject to an unlimited lock-up period and may trade and circulate as soon as the shares issued in this offering begin trading on the SSE. The remaining 10% of the shares will be subject to a lock-up period of 6 months, and the lock-up period will be calculated from the date on which the shares issued in this offering begin trading on the SSE.

When offline investors participate in the initial inquiry pricing and in the offline subscription, they are not required to fill in the lock-up period arrangement for the placing participants they manage. Once they place the bid, it is deemed as acceptance of the offline lock-up period arrangement for this offering.

3、When the total number of shares for which offline and online investors have paid for and subscribed is less than 70% of the number of shares for this public offering after deducting the final Strategic Allocation amount, the Issuer and the sponsor (main underwriter) will terminate this new share offering, and will disclose information regarding the reasons for terminating the offering and the subsequent arrangements.

4、After offline and online investors obtain allocations, they shall pay the new share subscription funds in a timely and full amount. All valid bid placing objects must participate in the offline subscription. If valid-bid offline investors do not participate in the subscription or do not participate in full, and if offline investors who obtain initial allocations fail to pay the subscription funds in a timely and full amount, they will be deemed to have breached their obligations and shall bear liability for breach. The sponsor (main underwriter) will report the instances of breach to the China Securities Association for record.

When online investors, within any consecutive 12-month period, cumulatively experience 3 instances of obtaining the lottery results but failing to pay in full by the due date, then starting from the day 6 months (calculated as 180 natural days, including the following day) after the date of the most recent declaration by the settlement participant to waive the subscription, such investors may not participate in online subscriptions for new shares, depositary receipts, convertible corporate bonds, or exchangeable corporate bonds. The number of waived subscription instances is calculated by aggregating, based on the investor’s actual number of times of waiving subscriptions for new shares, depositary receipts, convertible corporate bonds, and exchangeable corporate bonds.

I. Online subscription situation and the initial online lottery winning rate

According to the data provided by the Shanghai Stock Exchange, the number of valid online subscription accounts for this offering is 13,447,232, and the number of shares subscribed in valid online subscription is 153,464,495,000 shares. The initial online lottery winning rate is 0.01368395%. The total number of number codes is 306,928,990, and the number range is 100M,000-100,306,928,989.

II. Implementation of the rollover mechanism, offering structure, and the final online lottery winning rate

According to the rollover mechanism set out in the “Announcement on the Public Offering of Shares by Jiangxi Hongban Technology Co., Ltd. and the Issuance for Listing on the Main Board,” since the preliminary effective subscription multiple for this online offering is 7,307.83 times, exceeding 100 times, the Issuer and the main underwriter decide to activate the rollover mechanism to adjust the scale of the offline and online offerings. Specifically, 40% of the number of shares of this public offering after deducting the final Strategic Allocation portion (rounded up to an integer multiple of 500 shares, i.e., 32.75M shares) will be rolled over from the offline offering to the online offering. After the rollover mechanism is activated, the final number of shares for the offline offering is 28.12M shares, accounting for approximately 34.35% of the shares issued after deducting the Strategic Allocation amount; the final number of shares for the online offering is 53.75M shares, accounting for approximately 65.65% of the shares issued after deducting the Strategic Allocation amount. After the rollover mechanism is activated, the final online lottery winning rate is 0.03502211%.

III. Online lottery draw

The Issuer and the sponsor (main underwriter) will hold the lottery draw for online subscription for this offering at 707, North Tower, Shanghai Securities Building, No. 528 Pudong South Road, Pudong New Area, Shanghai, on the morning of March 30, 2026 (T+1 day), and will announce the results of the online lottery draw on the SSE website (www.sse.com.cn) on March 31, 2026 (T+2 day).

Issuer: Jiangxi Hongban Technology Co., Ltd.

Sponsor (Main Underwriter): Guolian Minsheng Securities Inc. Co., Ltd.

March 30, 2026

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