001299SZSE

Western Securities Co., Ltd. Audit Report on the Storage and Use of Raised Funds by Shaanxi Meinen Clean Energy Group Co., Ltd. in 2024

MeiNeng Energy Co., Ltd.·

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This report details the storage and use of raised funds by Shaanxi Meinen Clean Energy Group Co., Ltd. in 2024, as audited by Western Securities Co., Ltd. It confirms the company's adherence to regulations regarding fund management and disclosure. The report outlines fund balances, usage, and investment project progress, concluding no major violations were found.

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Western Securities Co., Ltd.

Regarding the Audit Report on the Storage and Use of Raised Funds by Shaanxi Meinen Clean Energy Group Co., Ltd. in 2024

Western Securities Co., Ltd. (hereinafter referred to as "Western Securities" or "the Sponsor") is the sponsor of Shaanxi Meinen Clean Energy Group Co., Ltd. (hereinafter referred to as "Meinen Energy" or "the Company") for its initial public offering of shares on the main board. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies (2022 Revision)," "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 13 - Sponsorship Business," and other relevant regulations, after careful verification, the following audit opinion is issued on the storage and use of Meinen Energy's raised funds in 2024:

I. Basic情况 of Raised Funds

(I) Amount of Raised Funds and Time of Arrival

Approved by the China Securities Regulatory Commission's "Approval for the Initial Public Offering of Shares by Shaanxi Meinen Clean Energy Group Co., Ltd." (Securities Regulatory Permit [2022] No. 2093) and agreed to by the Shenzhen Stock Exchange, Meinen Energy issued 46.9 million ordinary shares to the public at an issue price of RMB 10.69 per share. The total amount of raised funds was RMB 501.361 million. After deducting underwriting and sponsorship fees and other issuance expenses of RMB 42.6786 million (excluding tax), the net amount of raised funds was RMB 458.6824 million. The arrival of these raised funds has been verified by Sigma Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" (Xi Hui Yan Zi [2022] No. 0045) on October 25, 2022.

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