Independent Financial Advisor Report
1. Independent Financial Advisor Declaration and Commitment
Caitong Securities Co., Ltd. (hereinafter referred to as "Caitong Securities" or "this Independent Financial Advisor") has been entrusted by Guangzhou Ruili Kormee Automotive Electronics Co., Ltd. (hereinafter referred to as "Ruili Kormee" or "the Company") to act as the independent financial advisor for the issuance of shares to purchase assets and related transactions (hereinafter referred to as "this transaction"). This report provides independent opinions to all shareholders of the Company regarding this matter.
This Independent Financial Advisor's verification opinion is based on the provisions and requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Major Asset Restructuring of Listed Companies, the Management Measures for Financial Advisory Services for Mergers and Acquisitions of Listed Companies, the Guidelines for Information Disclosure of Companies Issuing Securities, and other relevant laws and regulations. After careful investigation and due diligence, this report aims to provide an independent, objective, and fair evaluation of the transaction for reference by all shareholders and relevant parties.
2. Independent Financial Advisor Declaration
- This Independent Financial Advisor meets the independence requirements set forth in the Management Measures for Financial Advisory Services for Mergers and Acquisitions of Listed Companies, and the opinions expressed regarding this transaction are completely independent.
- The documents and materials relied upon in this Independent Financial Advisor report are provided by the parties involved in this transaction, and the providers are responsible for the authenticity, accuracy, and completeness of the provided documents and materials.
- This Independent Financial Advisor has conducted due diligence on the facts supporting this report and is obligated to ensure the truthfulness, accuracy, and completeness of the report's content.
- This Independent Financial Advisor has not commissioned or authorized any other institution or individual to provide information not included in this report or to interpret or explain this report.
- This Independent Financial Advisor report does not constitute any investment advice or opinion regarding the Company, and this Independent Financial Advisor assumes no responsibility for any risks arising from investment decisions made by investors based on this report.
- For facts that are crucial to this report but cannot be independently verified or require legal, auditing, or evaluation expertise to identify, this Independent Financial Advisor primarily relies on opinions, explanations, and other documents issued by relevant government departments, law firms, accounting firms, and other relevant entities.
- This Independent Financial Advisor particularly urges investors to carefully read the relevant announcements disclosed regarding this transaction and to review the relevant documents.