CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Securities") has been entrusted to act as the independent financial advisor for FAW Jiefang Group Co., Ltd. (hereinafter referred to as "FAW Jiefang," "the listed company," or "the company") regarding its major asset sale and related transactions (hereinafter referred to as "this independent financial advisor"). This independent financial advisor issues this continuous supervision opinion in accordance with recognized business standards and ethical norms in the securities industry, with an attitude of honesty, credit, diligence, and responsibility.
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The documents and materials on which this continuous supervision opinion is based have been provided by the parties involved in this transaction. The providers have committed that the aforementioned materials are true, accurate, and complete, with no false records, misleading statements, or significant omissions, and they bear individual and joint legal responsibility for any violations of this commitment.
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This independent financial advisor has fulfilled its due diligence obligations as required and has sufficient reason to believe that the professional opinions expressed do not materially differ from the contents disclosed by the listed company, and that the information disclosure documents of the listed company are true, accurate, and complete.
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This continuous supervision opinion does not constitute any investment advice to the listed company, and this independent financial advisor bears no responsibility for any risks arising from investment decisions made by investors based on this continuous supervision opinion.
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This independent financial advisor has not commissioned or authorized any other institutions or individuals to provide information not included in this continuous supervision opinion or to make any interpretations or explanations regarding this continuous supervision opinion.
Definitions
In this continuous supervision opinion, unless otherwise specified, the following terms have the meanings indicated below: