Verification Opinion of Guoxin Securities on the Listing and Circulation of Shares Issued Before the IPO of Anhui Guqi Wool Material Co., Ltd.
Guoxin Securities Co., Ltd. (hereinafter referred to as "Guoxin Securities" or "the Sponsor") is the sponsor for the initial public offering (IPO) of Anhui Guqi Wool Material Co., Ltd. (hereinafter referred to as "Guqi Wool Material" or "the Company"). In accordance with the "Regulations on the Management of Securities Issuance and Listing Sponsorship," "Shenzhen Stock Exchange Stock Listing Rules," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standard Operation of Main Board Listed Companies," Guoxin Securities has conducted a verification of the listing and circulation of certain shares issued prior to the IPO of Guqi Wool Material. The specific circumstances are as follows:
I. Overview of Shares Issued Before the IPO
According to the approval issued by the China Securities Regulatory Commission (CSRC) regarding the registration of Anhui Guqi Wool Material Co., Ltd.'s IPO (Zheng Jian Xu Ke [2025] No. 397), and the notice from the Shenzhen Stock Exchange regarding the listing of the company's ordinary shares (Shenzhen Stock Exchange [2025] No. 521), the company is permitted to publicly issue 50 million ordinary shares (A shares) with a par value of RMB 1.00 per share, which will be listed on the main board of the Shenzhen Stock Exchange on May 29, 2025.
The number of shares issued before the IPO is 150,000,000 shares, and the total share capital after the IPO will be 200,000,000 shares. Among these, the number of restricted shares is 151,001,153 shares, accounting for 75.5006% of the total share capital; the number of unrestricted shares is 48,998,847 shares, accounting for 24.4994%. On December 4, 2025, the company will list and circulate 1,001,153 shares from the offline placement of the IPO, which accounts for 0.5006% of the total share capital. For specific details, please refer to the "Notice on the Listing and Circulation of Restricted Shares from the Offline Placement of Anhui Guqi Wool Material Co., Ltd.'s IPO" disclosed by the company on December 4, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No.: 2025-024).
As of the date of this verification opinion, the company's total share capital is 200,000,000 shares, of which the number of shares with circulation restrictions or lock-up arrangements is 150,000,000 shares, accounting for 75.00%; the number of shares without circulation restrictions or lock-up arrangements is 50,000,000 shares, accounting for 25.00%.