Longpan Technology: Use 1 billion yuan of idling raised funds to purchase financial products.

Longban Technology announced that the company plans to use part of the idle funds raised in 2025 to issue shares to specific targets, not exceeding 1 billion yuan for cash management, with a validity period of 12 months from the date of approval by the board of directors on May 14, 2026. The company recently purchased a structured deposit product in RMB (Accumulative-Interval Type for Corporate) from the Industrial and Commercial Bank of China, Series E of Period 443 for 2026, with an investment of 1 billion yuan, a term of 22 days, and an expected annualized return of 0.65%-2.00%. Previously, a similar product of the same amount purchased by the company on June 23, 2026 matured on July 23, yielding a profit of 1.6438 million yuan.