Huilin Securities Co., Ltd.
Audit Opinion on Mingsheng Precision Technology Holdings Co., Ltd.'s Use of Part of Idle Raised Funds for Cash Management
Huilin Securities Co., Ltd. (hereinafter referred to as "Huilin Securities" or "Sponsor") is the sponsor of Mingsheng Precision Technology Holdings Co., Ltd. (hereinafter referred to as "Mingsheng Precision" or "the Company") for its initial public offering and listing. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Regulations for Listed Company Raised Funds," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations, Huilin Securities has audited the matter of Mingsheng Precision using part of its idle raised funds for cash management. The specific situation is as follows:
I. Basic情况 of Raised Funds
Upon the approval of the China Securities Regulatory Commission issued on April 12, 2022, in the "Approval on Mingsheng Precision Technology Holdings Co., Ltd.'s Initial Public Offering of Shares" (Zhengjian Permit [2022] No. 746), the Company was approved to issue no more than 35.35 million new shares.
On April 26, 2022, the Company issued 35.35 million ordinary shares (A shares) at a par value of RMB 1.00 per share, with an issue price of RMB 14.89 per share, through a combination of offline inquiry and placement to qualified investors and online fixed-price offering to public investors holding non-restricted A shares and non-restricted depositary receipts in the Shenzhen market. As of May 5, 2022, the Company had raised a total of RMB 526,361,500.00 in cash, of which RMB 51,429,079.80 was deducted for issuance-related expenses. The net amount of raised funds was RMB 474,932,420.20.