Wangsu completes capital increase, reallocates funds to boost liquidity

Wangsu Science & Technology (SZSE:300017) announced the successful registration of a capital increase, raising its registered capital from RMB 244,573.2567 million to RMB 245,944.9777 million. This adjustment follows the vesting of 15,380,000 restricted shares from its 2023 incentive plan. Concurrently, Wangsu is reallocating residual funds from concluded fundraising projects to strengthen its working capital.

The company's "Cloud Security Platform Upgrade Project" officially concluded on November 30, 2025, having utilized RMB 20,960.79 million out of a planned RMB 21,000.00 million. This project aimed to enhance the WAAP platform for comprehensive web application and API protection. Following this, Wangsu will transfer a total of RMB 6,487,588.27 in remaining funds, including cash management income and interest, into its general operating capital.

This strategic move, approved by the board of directors on December 3, 2025, also involves the cancellation of dedicated fundraising accounts and associated regulatory agreements. The decision is expected to optimize capital utilization and support daily operations without altering the original investment direction or harming shareholder interests.