Baipsis: Special report on the storage, management and use of funds raised in the first half of 2026
Securities code: 301080 Securities abbreviation: BPS Announcement Number: 2026-058 Beijing BPS Biotechnology Co., Ltd.
Special report on the storage, management and use of raised funds in the first half of 2026
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.
According to the provisions of Shenzhen Stock Exchange's "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operations of GEM Listed Companies" and "Shenzhen Stock Exchange GEM Listed Companies' Self-Regulatory Guidelines No. 2 - Announcement Format", the report on the storage, management and use of funds raised by Beijing Biopsis Biotechnology Co., Ltd. (hereinafter referred to as the "Company") in the 2026 semi-annual period is as follows:
1. Basic situation of raised funds
(1) Actual amount of funds raised and time for funds to be received
Approved by the China Securities Regulatory Commission's Securities Regulatory Commission [2021] No. 2824 "Reply on Approval of Registration for the Initial Public Offering of Beijing Biopsis Biotechnology Co., Ltd.", the company will publicly issue 20,000,000 RMB ordinary shares (A shares) to the public in October 2021. The issue price per share is 112.50 yuan, and the total amount of funds to be raised is RMB 225,000.00. Ten thousand yuan. After deducting issuance expenses of 155.7592 million yuan according to relevant regulations, the actual amount of funds raised was 2.0942408 million yuan. The raised funds were received in October 2021. The above funds arrival situation has been verified by the "Capital Verification Report" No. [2021] 100Z0053 of Rongcheng Accounting Firm (Special General Partnership). The company adopts special account storage management for raised funds.
(2) Use and balance of raised funds
- Amount used and balance in previous years
In 2021, the company's use of raised funds is as follows: (1) Before the above-mentioned raised funds are in place, as of October 11, 2021, the company has invested a total of 105.2026 million yuan in raised funds projects using self-raised funds. After the raised funds are in place, the company will use raised funds to replace 105.2026 million yuan of self-raised funds that have been invested in raised funds investment projects in advance; (2) Direct investment in raised funds projects 23,478.66 Ten thousand yuan, and the raised funds will be used to permanently replenish working capital of 347 million yuan. In 2021, the company has used a total of 686.9892 million yuan of raised funds. After deducting the accumulated used raised funds, the balance of raised funds is 1.4072516 million yuan. The interest income of the special account for raised funds is 6.0593 million yuan. The handling fee of the special account for raised funds is 0.06 million yuan. The amount of using part of the temporarily idle raised funds for cash management is 30,876.00. Ten thousand yuan, the issuance expenses of 909,300 yuan that have not been allocated from the raised funds (this part is paid with the company's own funds), the total balance of the raised funds account on December 31, 2021 was 1,105,459,700 yuan.
In 2022, RMB 91.8151 million was directly invested in raised funds projects, and RMB 16.1071 million of raised funds were used to permanently replenish working capital. The cumulative total investment of raised funds was RMB 794.9114 million, of which a total of RMB 431.8043 million was directly invested in raised funds projects, and a total of RMB 363.1071 million was used to permanently replenish working capital. After deducting the cumulative used raised funds, the balance of raised funds is 1,299.3294 million yuan, the accumulated interest income of the special account for raised funds is 23.4557 million yuan, the accumulated handling fees of the special account for raised funds is 9,800 yuan, the use of part of the temporarily idle raised funds for cash management is 1,032.9243 million yuan, and the issuance expenses that have not been transferred from the raised funds are 909.33 million yuan. million (this part is paid with the company's own funds from the raised funds), and the total balance of the raised funds account on December 31, 2022 was 290.7604 million yuan.
In 2023, RMB 138.328 million was directly invested in raised capital projects, and the cumulative total of raised funds invested was RMB 1,240.2908 million, of which a total of RMB 570.1323 million was directly invested in raised capital projects, and a cumulative total of RMB 670.1585 million was used to permanently replenish working capital. After deducting the cumulative used raised funds, the balance of raised funds is 853.95 million yuan, the accumulated interest income of the special account for raised funds is 34.7858 million yuan, the accumulated handling fees of the special account for raised funds is 43,600 yuan, the use of part of the temporarily idle raised funds for cash management is 767.9243 million yuan, and the issuance expenses that have not been transferred from the raised funds are 909.33 million yuan. Ten thousand yuan (this part is paid with the company's own funds from the raised funds), and the total balance of the raised funds special account on December 31, 2023 was 121.6772 million yuan.
In 2024, RMB 170.2229 million was directly invested in raised capital projects, and the cumulative total of raised funds invested was RMB 1,410.5136 million, of which a total of RMB 740.3551 million was directly invested in raised capital projects, and a total of RMB 670.1585 million was used to permanently replenish working capital. After deducting the cumulative used raised funds, the balance of raised funds is 683.7272 million yuan, the accumulated interest income of the special account for raised funds is 54.4167 million yuan, the accumulated handling fees of the special account for raised funds is 49,300 yuan, the use of part of the temporarily idle raised funds for cash management is 567.9243 million yuan, the issuance fee that has not been transferred from the raised funds is 909,300 yuan (this part is paid with the company's own funds), the special account for raised funds The total balance on December 31, 2024 was 171.0795 million yuan.
In 2025, RMB 470.438 million was directly invested in raised capital projects, and the cumulative total of raised funds invested was RMB 1.8809516 million, of which a cumulative direct investment of RMB 863.7931 million was directly invested in raised capital projects, and a cumulative total of RMB 1,017.1585 million was used to permanently replenish working capital. After deducting the cumulative used raised funds, the balance of raised funds is 213.2892 million yuan, the accumulated interest income of the special account for raised funds is 107.770 million yuan, the accumulated handling fees of the special account for raised funds is 56,200 yuan, part of the temporarily idle raised funds are used for cash management of 309.9243 million yuan, the issuance expenses that have not been transferred from the raised funds are 909,300 yuan (this part is paid with the company's own funds), the special account for raised funds The total balance as of December 31, 2025 was RMB 11.988 million.
- Amount used and balance in this half year
In the first half of 2026, RMB 246.595 million was directly invested in raised funds projects, and the cumulative total of raised funds invested was RMB 2,127,546,600, of which a total of RMB 904,871,900 was directly invested in raised funds projects. A total of RMB 1,222,674,700 of raised funds were used to permanently replenish working capital (the excess is interest on over-raised funds), and the accumulated interest income from the special account for raised funds was RMB 11,148.88. Ten thousand yuan, the accumulated handling fee of the special account for raised funds is 56,200 yuan, part of the temporarily idle raised funds is used for cash management, 70,000,000 yuan, the balance of raised funds (including interest income) transferred out of the marketing service upgrade project is 2,984,500 yuan, the issuance fee that has not been transferred from the special account for raised funds is 909,300 yuan (this part is paid with the company's own funds), the special account for raised funds is June 30, 2026 The total daily balance is 6.0517 million yuan.
2. Storage and management of raised funds
In accordance with the provisions of relevant laws and regulations, and following the principles of standardization, safety, efficiency and transparency, the company has formulated the "Measures for the Management of Raised Funds", which clearly stipulates the storage, approval, use, management and supervision of raised funds to ensure the standardized use of raised funds in the system.
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with Beijing Yizhuang Branch of China Merchants Bank Co., Ltd. (hereinafter referred to as "China Merchants Bank Yizhuang Branch") and China Merchants Securities Co., Ltd. (hereinafter referred to as "China Merchants Securities"), and opened a special account for raised funds at the Yizhuang Branch of China Merchants Bank (account number: 110940959610860).
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with Bank of Communications Co., Ltd. Beijing Taihu Branch (hereinafter referred to as "Bank of Communications Taihu Branch") and China Merchants Securities, and opened a special account for raised funds at Bank of Communications Taihu Branch (account number: 110061520013002249103).
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with Bank of China Co., Ltd. Beijing Tianhua Branch (hereinafter referred to as "Bank of China Tianhua Branch") and China Merchants Securities, and opened a special account for raised funds at Bank of China Tianhua Branch (account number: 319471771628).
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with Beijing Daxing Airport Branch of China Minsheng Banking Corporation (hereinafter referred to as "Minsheng Bank Beijing Daxing Airport Branch") and China Merchants Securities, and opened a special account for raised funds (account number: 633480219) at Minsheng Bank Beijing Daxing Airport Branch.
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with the Beijing Zhongguancun Branch of the Bank of Hangzhou Co., Ltd. (hereinafter referred to as the "Bank of Hangzhou Zhongguancun Branch") and China Merchants Securities, and opened a special account for raised funds at the Zhongguancun Branch of the Bank of Hangzhou (account number: 1101040160001358042).
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with the Beijing Free Trade Zone Branch of Bank of Jiangsu Co., Ltd. (hereinafter referred to as "Jiangsu Bank Free Trade Zone Branch") and China Merchants Securities, and opened a special account for raised funds (account number: 32390188000047080) at the Bank of Jiangsu Free Trade Zone Branch.
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with China CITIC Bank Beijing Century City Branch (hereinafter referred to as "CITIC Bank Century City Branch") and China Merchants Securities, and opened a special account for raised funds at CITIC Bank Century City Branch (account number: 8110701013102161365).
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with Hua Xia Bank Co., Ltd. Beijing Shijingshan Branch (hereinafter referred to as "Hua Xia Bank Shi Jingshan Branch") and China Merchants Securities, and opened a special account for raised funds at Hua Xia Bank Shi Jingshan Branch (account number: 10270000003658887).
On September 28, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with China Construction Bank Co., Ltd. Beijing Free Trade Pilot Zone High-end Industrial Area Branch (hereinafter referred to as "CCB Free Trade High-end Industrial Area Branch") and China Merchants Securities, and opened a special account for raised funds at the China Construction Bank Free Trade High-end Industrial Area Branch (account number: 11050171770009669999).
On January 5, 2023, the company's joint subsidiary ACROBIOSYSTEMSINC. signed the "Four-Party Supervision Agreement on Raised Funds" with China Construction Bank Co., Ltd. Beijing Economic and Technological Development Zone Branch (hereinafter referred to as "CCB Development Zone Branch") and China Merchants Securities, and opened a special account for raised funds at the China Construction Bank Development Zone Branch (account number: NRA11050171360000002371).
On January 5, 2023, the company's joint subsidiary ACROBIOSYSTEMSINC. signed the "Four-Party Supervision Agreement on Raised Funds" with the Beijing Tongzhou Branch of Bank of Communications Co., Ltd. (hereinafter referred to as "Bocom Tongzhou Branch") and China Merchants Securities, and opened a special account for raised funds at Bank of Communications Tongzhou Branch (account number: 110061520143000017490).
There are no major differences between the three-party (or four-party) supervision agreement and the Shenzhen Stock Exchange three-party (or four-party) supervision agreement template, and there are no problems with the performance of the three-party (or four-party) supervision agreement.
As of June 30, 2026, the storage status of raised funds is as follows:
Amount unit: RMB 10,000 Bank name Bank account balance Remarks
China Merchants Bank Co., Ltd. Beijing also
110940959610860 604.43
Zhuang Branch
Bank of Communications Co., Ltd. Beijing Desk
110061520013002249103 0.29
Lake Branch
Bank of China Co., Ltd. Beijing Tianjin will be sold in 2022
319471771628 -
Hua Branch Account
China Minsheng Banking Co., Ltd. North will be transferred in 2026
633480219 -
Beijing Daxing Airport Branch is a general account bank of Hangzhou Bank Co., Ltd. Beijing Branch and will be transferred to Beijing Branch in 2026.
1101040160001358042 -
Guancun Branch is a general account of Bank of Jiangsu Co., Ltd. Beijing since 2023.
32390188000047080 -
Branch of the Pilot Trade Zone
Transferred to CITIC Bank Beijing Century City Branch in 2023 8110701013102161365 -
For the general account Hua Xia Bank Co., Ltd. Beijing Stone will be sold in 2025
10270000003658887 -
Jingshan Branch
China Construction Bank Co., Ltd. North
Sold to Beijing Free Trade Pilot Zone High-end Industrial Area Branch in 2025 11050171770009669999 -
household
OK
U.S. dollar account, the amount at China Construction Bank Co., Ltd. is discounted
NRA11050171360000002371 0.02
Beijing Economic and Technological Development Zone Branch Posted in RMB
U.S. dollar account, the amount of Bank of Communications Co., Ltd. Beijing Pass is discounted
110061520143000017490 0.33
Prefecture Branch RMB after calculation
List
Total 605.17
3. Actual use of funds raised in the first half of 2026
As of June 30, 2026, the company's actual investment in raised funds (including excess raised funds) totaled
The total amount is RMB 2,127,546,600. Please see the attached table for details of the investment and benefits of each project.
The company held the 25th meeting of the second board of directors on April 20, 2026, and reviewed and approved the "Relevant
"Proposal to Use Part of Temporarily Idle Raised Funds and Own Funds for Cash Management", agreeing to the company's use of
Idle raised funds (including super-raised funds) with an amount not exceeding 100 million yuan shall be managed as cash, effectively
The term shall be valid for 12 months from the date of review and approval by the company’s general meeting of shareholders. Within the aforementioned quota and period,
Can be used in cycles. Details of the company’s cash management with idle raised funds from January to June 2026
As follows:
Amount unit: RMB 10,000
Product Name Product Category Contracting Party Amount Start Date End Date This Issue Preparation
Income Note Transferable large-denomination certificate of deposit Large-denomination certificate of deposit China Merchants Bank 7,000.00 2025.4.17 2028.4.17 75.25
4. Changes in the use of funds raised for investment projects
There has been no change in the investment projects of the company's raised funds.
5. Problems in the use and disclosure of raised funds
The company uses the raised funds in accordance with the provisions and requirements of relevant laws, regulations, and normative documents, and promptly discloses the use of raised funds. There are no violations in the use and management of raised funds.
Board of Directors of Beijing BPS Biotechnology Co., Ltd.
August 29, 2026
Schedule:
Comparison table on the use of raised funds in the first half of 2026
Unit: 10,000 yuan
Investment in fundraising this half year
Total funds raised 209,424.08 24,659.50
Total funds raised
The total amount of raised funds whose purpose was changed during the reporting period -
Accumulated investment in fundraising
Cumulative total amount of raised funds changed in use - 212,754.66
Total funds
The cumulative proportion of total raised funds that have been changed in use -
Whether the investment in the current year has been changed. As of the end of the period, the investment in the project as of the end of the period has reached the forecast. Has the feasibility of the project been achieved? Whether committed investment projects and over-raised projects have occurred? Changed projects (including committed investment amount (1) Cumulative investment degree (%) (3) = Benefits of a certain usable state Major changes in the direction of capital investment Partial changes) Total amount (2) (2)/(1) Status date
Commitment to investment projects
R&D center construction project Not applicable 46,851.00 46,851.00 4,107.88 42,746.92 91.24December 2026 — — —
Marketing service upgrade project Not applicable 24,864.00 24,864.00 25,740.27 103.52December 2025 — — —
Supplementary working capital items Not applicable 22,000.00 22,000.00 - 22,000.00 100.00 — — — — Subtotal of committed investment projects — 93,715.00 93,715.00 4,107.88 90,487.19 96.56 — — — — Investment direction of excess raised funds
Supplementary working capital Not applicable 115,709.08 115,709.08 20,551.62 122,267.47 105.67————Subtotal of investment of excess raised funds 115,709.08 115,709.08 20,551.62 122,267.47 105.67———Total 209,424.08 209,424.08 24,659.50 212,754.66 101.59———Failed to reach planned progress or forecast. The funds raised by the company are used to invest in the construction of R&D centers and marketing centers, and benefit assessment is not applicable.
The company held the fifth meeting of the second board of directors and the fifth meeting of the second board of supervisors on December 4, 2023, and reviewed and approved the "Proposal on Extending the Implementation Period of Part of the Investment Projects with Raised Funds (Specific Projects)", and agreed that the company will extend the date on which the raised fund investment projects "R&D Center Construction Project" and "Marketing Service Upgrade Project" are expected to reach usable status to December 2025. The above matters have been reviewed and approved by the company's board of directors and board of supervisors. The independent directors have issued independent opinions of agreement on this matter, and the sponsor has issued an unobjectionable verification opinion. The above matters do not require review and approval by the shareholders' meeting.
The company held the 23rd meeting of the second board of directors on December 1, 2025, and reviewed and approved the "Proposal on Extending the Implementation Period of Partially Raised Funds Investment Projects". It was agreed that the company would extend the date on which the "R&D Center Construction Project", an investment project with raised funds, is expected to be ready for use, to December 2026. The above matters have been reviewed and approved by the company's board of directors, and the sponsor issued an unobjectionable verification opinion. This adjustment does not require review and approval by the shareholders' meeting.
Project feasibility occurs significantly
Not applicable
Description of changing circumstances
(1) The company held the 11th meeting of the first board of directors and the 5th meeting of the first board of supervisors on October 28, 2021, and reviewed and approved the "Proposal on Using Part of the Over-raised Funds to Permanently Supplement Working Capital", and agreed that the company would use 347.00 million yuan of over-raised funds to permanently replenish working capital, accounting for 29.99% of the total over-raised funds. The above matters were reviewed and approved by the company's 2021 second extraordinary shareholders' meeting on November 16, 2021.
(2) The company held the 21st meeting of the first board of directors and the 13th meeting of the first board of supervisors on October 25, 2022, and reviewed and approved the "Proposal on Using Part of the Over-raised Funds to Permanently Supplement Working Capital", and agreed that the company would use 347 million yuan of over-raised funds to permanently replenish working capital, accounting for 29.99% of the total over-raised funds. The above matters were reviewed and approved by the company's 2022 Fourth Extraordinary General Meeting of Shareholders on November 16, 2022.
Amount and use of excess raised funds
(3) The company held the 11th meeting of the second board of directors and the 11th meeting of the second board of supervisors on November 22, 2024, and reviewed and approved the "About the permanent use of part of the excess raised funds and the progress of its use"
"Proposal on Supplementing Liquidity Capital", which agreed that the company would use 347 million yuan of over-raised funds to permanently supplement working capital, accounting for 29.99% of the total over-raised funds. The above matters were reviewed and approved by the company's 2024 second extraordinary shareholders' meeting on December 10, 2024.
(4) The company held the 23rd meeting of the second board of directors on December 1, 2025, and reviewed and approved the "Proposal on Using the Remaining Over-raised Funds to Permanently Supplement Working Capital", agreeing that the company will use the remaining over-raised funds of RMB 182,725,600 (including cash management income and net interest income, the actual amount shall be based on the balance of the special account on the day when the funds are transferred out) to permanently replenish working capital, accounting for 15.79% of the total over-raised funds. The above matters were reviewed and approved by the company's fifth extraordinary shareholders' meeting on December 18, 2025.
As of June 30, 2026, a total of 1,222.6747 million yuan has been used to supplement working capital (the excess is the interest on over-raised funds).
The company held the twelfth meeting of the first board of directors and the sixth meeting of the first board of supervisors on November 22, 2021, and reviewed and approved the "Proposal on Adding Implementing Subjects and Implementation Locations of Raised Fund Investment Projects for Some Fund-raised Investment Projects", and agreed that the company would add Hongda Industrial Park in Beijing Economic and Technological Development Zone as the implementation location of the "R&D Center Construction Project" of the raised-investment project. Added changes in implementation locations of wholly-owned subsidiaries ACROBIOSYSTEMSHONGKONGLIMITED (hereinafter referred to as "Hong Kong BPS") and its wholly-owned subsidiary ACROBIOSYSTEMSINC. (hereinafter referred to as "US BPS") as the implementation entities of the "Marketing Service Upgrade Project" of the fundraising project, and added the United States and Hong Kong as the implementation locations of the "Marketing Service Upgrade Project".
Raised funds for investment projects
Not applicable
Adjustments to implementation methods
The company has pre-invested a total of 105.2026 million yuan in raised-fund investment projects with self-raised funds. It has been specially audited by Rongcheng Accounting Firm (Special General Partnership) and issued Rongcheng Special Period Investment and Replacement [2021] 100Z0363 "Assurance Report on the Pre-investment of Raised-Funded Investment Projects with Self-raised Funds by Beijing Bepsis Biotechnology Co., Ltd.". On November 16, 2021, the company used raised funds to replace self-raised funds that had been invested in investment projects with raised funds in advance.
Use idle raised funds temporarily
Not applicable
Supplement working capital situation
(1) The company held the 20th meeting of the first board of directors and the 12th meeting of the first board of supervisors on August 29, 2022, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management" and agreed that the company would use idle raised funds with a quota of no more than 1.2 billion yuan (including excess raised funds). For cash management, the validity period is 12 months from the date of review and approval by the company's shareholders' meeting. Within the aforementioned quota and period, it can be used on a rolling basis.
(2) The company held the 25th meeting of the first board of directors and the 17th meeting of the first board of supervisors on July 17, 2023, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management", agreeing that the company will use idle raised funds (including super-raised funds) with an amount not exceeding 900 million yuan for cash management, and the validity period will be 12 from the date of review and approval by the company's shareholders' meeting. It is valid within one month and can be used on a rolling basis within the aforementioned quota and period.
(3) The company held the sixth meeting of the second board of directors and the sixth meeting of the second board of supervisors on April 23, 2024, and reviewed and approved the "About Using Part of Temporarily Idle Raised Funds to Proceed with Idle Raised Funds"
and self-owned funds for cash management", agreeing that the company will use idle raised funds (including super-raised funds) with a limit of no more than RMB 800,000.00 and cash management of no more than RMB 100,000.00
Ten thousand yuan of self-owned funds are used for cash management, and the validity period is 12 months from the date of review and approval by the company's shareholders' meeting. Within the aforementioned quota and period, it can be used on a rolling basis. (4) The company held the 15th meeting of the second board of directors and the 14th meeting of the second board of supervisors on April 17, 2025, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds and Own Funds for Cash Management" and agreed that the company's usage limit should not exceed 38,000 The idle raised funds of RMB 0,000 (including super-raised funds) and self-owned funds not exceeding RMB 1,500,000,000 are used for cash management. The validity period is 12 months from the date of review and approval by the company's shareholders' meeting. Within the aforementioned quota and period, it can be used on a rolling basis. (5) The company held the 25th meeting of the second board of directors on April 20, 2026, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds and Own Funds for Cash Management", agreeing that the company will use idle raised funds (including super-raised funds) with a limit of no more than 100 million yuan for cash management. The validity period will be 12 months from the date of approval by the company's shareholders' meeting. Within the aforementioned limit and period, it can be used on a rolling basis.
Applicable
Funds raised during project implementation The "Marketing Service Upgrade Project" has been completed. The remaining funds of the project are 2.9845 million yuan, which is the remaining interest on the raised funds. As of June 30, 2026, working capital has been permanently replenished. According to the amount and reasons for the financial surplus, the "Supervision Rules for Fund Raising by Listed Companies", "Shenzhen Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 2 - Standardized Operations of GEM Listed Companies" and other relevant regulations, this matter does not need to be submitted to the company's board of directors and shareholders' meeting for review.
Unused raised funds As of June 30, 2026, the company has used 70 million yuan of idle raised funds for cash management. The remaining unused raised funds are stored in the special account for raised funds opened by the company, and their purpose and destination will be used for subsequent fund payment for the raised investment projects. The company will reasonably arrange the use of raised funds according to its business needs.
Use and disclosure of raised funds
problems or other not applicable
situation