Chuanning Biology: Some of the raised funds have been completed, and the remaining funds of 60.55 million yuan will be used for other purposes.

Chuanning Biology announced that as of November 30, 2025, the initial public offering of shares raised 1.022 billion yuan, and the total investment in the raised projects amounted to 964 million yuan. The "Shanghai Research Institute Construction Project" has been basically completed, and the company has decided to close the project. It is expected that there will be a surplus of 60.03 million yuan from the raised funds, plus issuance fees of 521,000 yuan that were not paid with the raised funds, totaling 60.5513 million yuan, intended for the "Green Circular Industry Park Project". On December 23, 2025, the proposal was approved by the board of directors and still requires shareholder approval.