1. Project Operation Process
1.1 Internal Review Process of the Sponsoring Institution
Zhongyuan Securities Co., Ltd. (hereinafter referred to as "the Sponsoring Institution") was entrusted by Wuhan Lide Electric Technology Co., Ltd. (hereinafter referred to as "the Issuer") to act as the sponsor for its initial public offering (IPO) and listing (hereinafter referred to as "the Project"). The sponsoring institution and its representatives conducted the sponsorship work report in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and relevant laws, regulations, and guidelines from the China Securities Regulatory Commission (CSRC), ensuring honesty, diligence, and compliance with established business rules, industry standards, and ethical guidelines. The report guarantees the authenticity, accuracy, and completeness of the documents provided. For convenience of narration, unless otherwise specified, the abbreviations or definitions referenced in this sponsorship work report have the same meanings as those in the "Prospectus for the Initial Public Offering and Listing of Wuhan Lide Electric Technology Co., Ltd. (Draft)."
1.2 Table of Contents
| Section | Title |
|---|---|
| 1 | Project Operation Process |
| 1.1 | Internal Review Process of the Sponsoring Institution |
| 1.2 | Main Process of Project Approval |
| 1.3 | Main Process of Project Execution |
| 1.4 | Key Verification Items During Due Diligence |
| 1.5 | Main Process of Internal Review Department |
| 1.6 | Implementation of Inquiry |
| 1.7 | Main Process of Internal Review Committee |
| 2 | Main Issues Identified and Their Resolutions |
| 2.1 | Opinions Raised During Project Approval and Their Resolutions |
| 2.2 | Main Issues Identified and Addressed During Due Diligence |
| 2.3 | Main Issues of Concern from the Internal Review Department and Their Implementation |
| 2.4 | Main Issues and Opinions Raised by the Internal Review Committee and Their Implementation |
| 2.5 | Sponsoring Institution's Review Opinions on the Issuer's Profit Distribution Policy |
| 2.6 | Differences in Professional Opinions from Other Securities Service Institutions and Their Resolutions |
1.3 Main Process of Project Approval
On September 9, 2019, the project team of the sponsoring institution submitted the project approval materials to the quality control headquarters. The quality control headquarters conducted a preliminary review of the project approval materials and issued approval opinions. The project team supplemented the review opinions, responded, and modified the project approval materials. After passing the review, the quality control headquarters submitted the project approval materials and opinions to the project approval committee for deliberation.
On September 17, 2020, the project approval committee of the sponsoring institution held a meeting to review the project approval application. The committee members included Du Xiwei, Hu Min, Liang Guangping, Liu Junfeng, and Liu Kai, totaling five members. After deliberation, the project approval application was approved.
1.4 Main Process of Project Execution
1.4.1 Composition and Division of Responsibilities of the Project Team
The members of the project team and their specific responsibilities are as follows: