BEKEN: Change of special account and signing of tripartite supervision agreement for raised funds

BEKEN announced that the company previously raised funds of 646 million yuan and 761 million yuan through its initial public offering and private placement of shares, respectively. In 2025, the relevant meeting agreed to allocate the remaining funds of 108 million yuan from the initial fundraising and the reduced amount of 210 million yuan to the "Edge AI Processor Products and Solutions R&D Project." The company re-signed the "Three-party Supervision Agreement on Fundraising" on October 20, changing the original special account for the "Smart Transportation and Intelligent Driving R&D and Industrialization Project" to the new project. As of October 14, the balance of the special account at Bank of Ningbo was 0 yuan, and the balance at Shanghai Pudong Development Bank was 2.57 billion yuan, of which 210 million yuan was allocated to the new project. The agreement clearly defines the responsibilities and obligations of all parties