Gongda High-tech: Response to inquiries related to fundraising projects and ongoing construction projects.

The announcement by GDAE stated that the company has replied to the regulatory inquiry letter from the Shanghai Stock Exchange regarding the disclosure of information in the 2026 annual report. The funds raised through the IPO investment projects have all been completed, with a cumulative investment of 96.9812 million yuan and an investment progress of 52%. As of the end of 2025, the balance of the projects under construction was 64.2227 million yuan, a year-on-year increase of 129.65%, mainly for the industrial park project. The transformation of investment projects into fixed assets involves equipment and projects under construction, with compliance in accounting treatment. Due to adjustments in the downstream industry and the gradual release of production capacity, the projects have not achieved the expected benefits, but the production capacity is gradually being released. The remaining raised funds have been transferred to the company's own account for cash management and reasonable planning for use. The industrial park project is expected to become a comprehensive industrial base with a promising market outlook, but there is uncertainty in its contribution to revenue and profit.