Independent Financial Advisor's Review Opinion
CITIC Securities Co., Ltd. accepts the commission of Hunan Energy Group Co., Ltd. to act as an independent financial advisor for its share issuance and cash payment for asset acquisition, and provides the following review opinion. The core review opinion is based on the relevant documents and materials provided by Hunan Energy Group Co., Ltd. for this transaction, and is conducted in accordance with the relevant laws and regulations.
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This review opinion is based on the authenticity, accuracy, and completeness of the documents and materials provided by Hunan Energy Group Co., Ltd. The review confirms that the information is not misleading or incomplete. This independent financial advisor does not bear any risks arising from this.
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The review opinion is based on the understanding of the transaction and the relevant financial conditions of Hunan Energy Group Co., Ltd. The core review opinion does not constitute any investment advice or recommendations regarding the transaction.
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This independent financial advisor does not authorize any other organization or individual to provide any opinions or explanations regarding this core review opinion. Without the prior written consent of this independent financial advisor, no one may reproduce or distribute any content of this core review opinion.
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This independent financial advisor specifically advises that investors read the relevant announcements and documents regarding this transaction.
Summary of This Transaction
This transaction involves the issuance of shares and cash payment for asset acquisition, raising supporting funds. The share issuance and cash payment will be used to acquire assets, and the success of the fundraising is contingent upon the completion of the share issuance and cash payment.
Share Issuance for Asset Acquisition
Hunan Energy Group will issue shares and pay cash for the acquisition of assets. The company holds 90% of the shares in the relevant electric power companies, including the following: