Guangzhou Risong Intelligent Technology Holding Co Ltd

Ruisong Technology's private share placement application has been accepted by the Shanghai Stock Exchange. The offering is expected to raise no more than 784 million yuan, and after deducting issuance expenses, the net proceeds will be used entirely for the high-precision high-speed six-axis robot industrialization project, the headquarters and R&D center upgrade project, and to supplement working capital and repay bank loans. The sponsor for this offering is Guotai Haitong Securities.

Risong Technology's controlling subsidiary, Guangzhou Risong Hokuto Automotive Equipment, has received the first bankruptcy asset distribution from GAC Fiat Chrysler Automobiles, with an actual receipt of approximately 10.2857 million yuan. This is expected to correspond to a reversal of asset impairment provisions of about 4.7647 million yuan. As of June 30, 2026, the combined balance of accounts receivable and contract assets from transactions between the two parties totaled approximately 49.0467 million yuan. The company had previously set aside a special impairment provision of about 44.142 million yuan, representing a provision ratio of 90 percent. The distribution amount was approximately 10.719 million yuan, and after deducting administrator fees of about 433,300 yuan, the funds were actually received on July 16, 2026. The administrator will carry out subsequent rounds of distribution, and the status of debt repayment remains uncertain. The specific impact will be subject to the annual audit results.