LOPAL TECH (02465) announced that, following the approval from the China Securities Regulatory Commission regarding the non-public issuance of shares, Jiangsu Lopal Tech. Group Co., Ltd. (the "Company") successfully issued 82.9786 million RMB ordinary shares (A shares) in May 2022. Guotai Junan Securities Co., Ltd. (now known as Guotai Haitong Securities) acted as the sponsor for this issuance, with a continued supervision period ending on December 31, 2023. As of now, since the fundraising from the previous issuance has not yet been fully utilized, the supervising institution is still obligated to monitor the remaining funds until they are fully used.

On August 20, 2025, the Company convened the 41st meeting of its fourth board of directors and on September 17, 2025, it held its fifth extraordinary shareholders' meeting of the year to approve the resolutions for a new issuance of A shares to specific investors for 2025. Recently, the Company appointed CSC as the sponsor for this new issuance and signed a sponsorship agreement with them. According to the relevant regulations, the Company must terminate its agreement with the previous sponsor when applying for new security issuance and allot the unfinished supervision responsibilities to the newly hired sponsor. Therefore, the ongoing supervisory duties that Guotai Haitong Securities has yet to complete will be taken over by CSC, which will no longer hold corresponding supervisory responsibilities. Mr. Zhou Baichuan and Mr. Shi Jiwei from CSC have been assigned as the sponsor representatives to oversee the sponsorship and ongoing supervisory work for the Company.