001285SZSE

CaITong Securities Co., Ltd. Opinion on the Industrial Policy and Transaction Type of the Current Transaction of Guangzhou Ruili KeMi Automotive Electronics Co., Ltd.

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CaITong Securities Co., Ltd. provides an opinion on Guangzhou Ruili KeMi Automotive Electronics Co., Ltd.'s acquisition of 16% equity in Wuhan Ruili KeDeSi Automotive Electronics Co., Ltd. via share issuance. The transaction involves companies in the automotive electronics sector, aligning with encouraged industrial policies. It is classified as a horizontal or upstream/downstream merger and does not constitute a backdoor listing. The acquisition is structured as a share issuance, and the listed company is not under CSRC investigation.

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CaITong Securities Co., Ltd.

Opinion on the Industrial Policy and Transaction Type of the Current Transaction of Guangzhou Ruili KeMi Automotive Electronics Co., Ltd.

Guangzhou Ruili KeMi Automotive Electronics Co., Ltd. (hereinafter referred to as the "Listed Company" or the "Company") intends to acquire 16% equity of Wuhan Ruili KeDeSi Automotive Electronics Co., Ltd. (hereinafter referred to as the "Target Company") held by Mr. Cheng Yi (hereinafter referred to as the "Transacting Party") through the issuance of shares (hereinafter referred to as the "Current Transaction").

CaITong Securities Co., Ltd. (hereinafter referred to as the "Independent Financial Advisor"), as the independent financial advisor for the Listed Company's current transaction, has investigated the matters related to the industrial policy and transaction type of the Listed Company's current transaction in accordance with the requirements of the "Guiding Opinions on the Application of Regulatory Rules - Type 1 for Listing" and other normative documents issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"). The details are as follows:

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