- Guotou Securities Co., Ltd. Special Verification Report on the Storage and Use of Funds Raised by Harbin Institute of Technology Intelligent Robotics Co., Ltd. for 2024
Guotou Securities Co., Ltd. (hereinafter referred to as "Guotou Securities" or "the Sponsor") is the sponsor for the non-public issuance of shares by Harbin Institute of Technology Intelligent Robotics Co., Ltd. (hereinafter referred to as "HIT Intelligent" or "the Company") in 2019. In accordance with the requirements of the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Self-Regulatory Guidelines No. 13 for Listed Companies on the Shenzhen Stock Exchange - Sponsorship Business," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operations for Main Board Listed Companies," and other laws, regulations, and normative documents, we have conducted a prudent verification of the storage and use of funds raised by HIT Intelligent in 2024 and hereby present the following verification opinions:
I. Basic Situation of the Raised Funds
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Actual Amount Raised and Timing of Fund Arrival According to the approval document from the China Securities Regulatory Commission (CSRC) [2020] No. 1177, the Company issued 147,613,238 ordinary shares of RMB 4.68 each to specific investors, raising a total of RMB 690,829,953.84. After deducting underwriting and sponsorship fees of RMB 10,625,310.34 (excluding VAT amounting to RMB 10,023,877.68), the net amount raised was RMB 680,204,643.50. This amount was transferred to the Company's designated account by the lead underwriter, Guotou Securities Co., Ltd. (formerly known as "Anxin Securities Co., Ltd.," renamed in December 2023), on July 27, 2020. After further deducting audit fees, legal fees, and other issuance costs of RMB 3,090,000.00 (excluding VAT amounting to RMB 2,915,094.30), the net amount of funds raised by the Company was RMB 677,114,643.50 (net amount excluding VAT issuance costs: RMB 677,890,981.86). The arrival of the above-mentioned raised funds has been verified by Tianheng Accounting Firm (Special General Partnership), which issued verification report No. (2020) 00080.
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Use and Balance of Raised Funds As of December 31, 2024, the use and balance of the raised funds are as follows: | Project | Amount (RMB) | |---------|--------------| | Total Amount Raised | 677,114,643.50 | | Total Amount Used | 546,001,397.26 | | (1) Automotive Body Intelligent Connection Manufacturing System Capacity Construction Project | 32,250,666.78 | | (2) Lightweight Materials Connection and Artificial Intelligence Technology R&D Center Construction Project | 12,416,685.72 | | (3) Repayment of Bank Loans | 49,592,441.60 | | (4) Supplementing Working Capital | 98,000,000.00 | | (5) Cash Acquisition of 70% Equity in Jilin Jiangji Minke Industrial Co., Ltd. | 269,999,850.00 | | (6) R&D Center Construction Project | 83,741,753.16 | | Financial Product Income | 1,839,873.97 | | Temporary Supplement of Working Capital | 120,000,000.00 | | Total Interest Income from Special Fund Account | 3,240,897.70 | | Total Fees from Special Fund Account | 7,822.66 | | Balance of Special Fund Account as of December 31, 2024 | 16,186,195.25 |
Note: Suzhou Fuzhen Intelligent Technology Co., Ltd. (hereinafter referred to as "Suzhou Fuzhen") applied to the People's Court of Minhang District, Shanghai, for the enforcement of freezing the relevant special account due to matters involved in the "Investment Intention Letter" signed with the Company. On May 9, 2023, Suzhou Fuzhen submitted a "Civil Complaint" to the People's Court of Minhang District, Shanghai. On November 13, 2023, the People's Court of Minhang District, Shanghai, made a civil judgment in this case. In January 2024, the court froze RMB 51,104,583.33 in the Company's account. The Company has paid RMB 28,369,576.62 to the plaintiff Suzhou Fuzhen, with a remaining investment intention amount of RMB 21,630,423.38. In October 2024, the Company issued a repayment plan to Suzhou Fuzhen, and this enforcement case is temporarily concluded. On March 18, 2025, the People's Court of Minhang District, Shanghai, forcibly deducted RMB 6,130,234.70 from the raised funds account, case number: (2025) Hu 0112 Execution 265 No. 2. As of December 31, 2024, the balance of the raised funds special account was RMB 16,186,195.25. The Company will deposit the unused raised funds in the bank's special fund account.