[Chart: Infotm Microelectronics logo]
Infotm Microelectronics Co., Ltd.
Regarding
Shenzhen Stock Exchange
"Audit Inquiry Letter on the Application of Infotm Microelectronics Co., Ltd. for Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds"
Response
Independent Financial Advisor
Guotai Haitong Securities Co., Ltd.
August 2026
Shenzhen Stock Exchange:
We have received your "Audit Inquiry Letter on the Application of Infotm Microelectronics Co., Ltd. for Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds" (Audit Letter [2026] No. 130015) (hereinafter referred to as the "Audit Inquiry Letter"). In accordance with the requirements of the Audit Inquiry Letter, Infotm Microelectronics Co., Ltd. (hereinafter referred to as the "Company," "Listed Company," or "Infotm"), together with Guotai Haitong Securities Co., Ltd. (hereinafter referred to as the "Independent Financial Advisor" or "Guotai Haitong"), Beijing Tianyuan Law Firm (hereinafter referred to as the "Legal Advisor" or "Tianyuan Lawyers"), Pan-China Certified Public Accountants (Special General Partnership) (hereinafter referred to as the "Audit Institution" or "Pan-China CPA"), Kunyuan Asset Appraisal Co., Ltd. (hereinafter referred to as the "Appraisal Institution" or "Kunyuan Appraisal"), and other relevant parties, have carefully studied the questions raised in the Audit Inquiry Letter. We have made supplementary disclosures in the "Report on the Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions of Infotm Microelectronics Co., Ltd. (Draft) (Revised)" (hereinafter referred to as the "Restructuring Report") in accordance with the requirements. We hereby provide a point-by-point explanation for your review.
Unless otherwise specified, the definitions of terms or abbreviations in this response are the same as those in the Restructuring Report. The financial data and financial indicators cited in this response refer to the financial data under the consolidated statement caliber and the financial indicators calculated based on such financial data. The data listed in this response may have slight differences in the last digit due to rounding when compared to the sum of the relevant individual data.
| Item | Formatting |
|---|---|
| Questions listed in the Audit Inquiry Letter | Bold |
| Responses to questions and citations from the Restructuring Report | Song typeface |
| Revisions and supplements to the Restructuring Report | Bold italics |
Table of Contents
Question 1. Regarding the performance of the target assets 3
Question 2. Regarding the financial situation of the target assets 35
Question 3. Regarding evaluation and forecasts 66
Question 4. Regarding synergies and integration control 103
Question 5. Regarding the listed company 109
Question 6. Regarding the transaction plan and counterparties 119
Question 7. Regarding the historical evolution of the target assets 163
Question 8. Regarding whether this transaction complies with relevant industrial policies 175
Question 1. Regarding the performance of the target assets