CITIC Construction Investment Securities Co., Ltd.
Regarding Jin Fang Energy Group Co., Ltd.
Verification Opinion on the Storage and Use of Raised Funds for the Year 2025
CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Construction Investment Securities" or "Sponsor") is the sponsor for the initial public offering of shares of Jin Fang Energy Group Co., Ltd. (hereinafter referred to as "Jin Fang Energy" or "Company"). In accordance with the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange Listing Rules," and "Self-Regulatory Guidelines No. 13 for Listed Companies on the Shenzhen Stock Exchange - Sponsorship Business," and other relevant regulations, we have conducted a verification of the storage and use of raised funds for Jin Fang Energy for the year 2025, and our verification opinion is as follows:
I. Basic Information on Raised Funds
(1) Actual Amount of Raised Funds and Time of Arrival
According to the China Securities Regulatory Commission's "Approval for the Initial Public Offering of Shares by Beijing Jin Fang Heating and Energy Saving Technology Co., Ltd." (Zheng Jian Xu Ke [2021] No. 1982), the company, through the lead underwriter CITIC Construction Investment Securities Co., Ltd., adopted a combination of offline inquiry and allocation to qualified investors and online pricing issuance to public investors holding non-restricted A-share stocks and non-restricted depository receipts in the Shenzhen market. A total of 2,269,000 shares of ordinary shares (A shares) were allocated, and 20,421,000 shares of ordinary shares (A shares) were issued to the public, with an issue price of RMB 28.01 per share, raising a total of RMB 635,546,900. After deducting underwriting and sponsorship fees of RMB 44,967,900, the net raised funds amounted to RMB 590,579,000, which was transferred to the company's raised funds supervision account by the lead underwriter CITIC Construction Investment Securities Co., Ltd. on July 21, 2021. After deducting additional external expenses directly related to the issuance of equity securities, such as online issuance fees, prospectus printing fees, accountant fees, lawyer fees, and evaluation fees totaling RMB 25,977,900, the net amount of raised funds for the company this time was RMB 564,601,100. The above-mentioned raised funds have been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued the "Verification Report" (Tianjian Yan [2021] No. 1-43).