Cheerwin Group shifts RMB 1.39 billion IPO proceeds toward M&A funding

• Cheerwin redirected RMB 1.39 billion of unutilized IPO proceeds toward M&A, pet business expansion, online distribution, overseas supply-chain buildout, R&D, sales-network initiatives.
• RMB 500 million earmarked for strategic acquisitions across upstream and downstream sectors to add complementary technologies, brands, businesses.
• RMB 300 million allocated to expand the pet business, targeting brand building, store rollout, supply-chain upgrades.
• Spending timetable extended, with most reallocated funds planned for deployment by end-2028 or end-2030.
• Reallocation reduces prior set-asides for working capital, Shanghai supply-chain base, digital investment pace, R&D center buildout, broader overseas sales-network expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cheerwin Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260803-12269447), on August 03, 2026, and is solely responsible for the information contained therein.