Shihua Technology plans to raise 322 million yuan through financing to replace self-raised funds, approved by the sponsor.

In 2025, Suzhou Shihua New Materials Technology Co., Ltd. issued A-shares to specific entities, raising a net amount of 591 million yuan. Prior to this, the company had used self-raised funds to implement the expansion project of optical display film materials, with a total investment of 30.7065 million yuan as of September 11; and had already used self-raised funds to pay issuance expenses of 1.4968 million yuan. On September 19, the board of directors and supervisory board of the company approved a proposal to use 32.2033 million yuan of raised funds to replace the aforementioned self-raised funds. This matter complies with relevant regulations, does not affect the normal progress of the fundraising project, and does not require approval from the shareholders' meeting. As the sponsor, Huatai United Securities has no objections to this substitution.