Statement
Zhongtai Securities Co., Ltd. (hereinafter referred to as "Zhongtai Securities" or the "Sponsor") has been entrusted by Beijing Victory Electric Co., Ltd. (hereinafter referred to as "Victory Electric," the "Issuer," or the "Company") to act as its sponsor for the initial public offering of shares and listing on the main board.
Pursuant to the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Administrative Measures for the Registration of Issuance of Stocks" (hereinafter referred to as the "Registration Measures"), the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Disclosure Content and Format Standards for Information Disclosure by Companies Issuing Securities No. 27 – Issuance Sponsorship Letter and Issuance Sponsorship Work Report," the "Review Rules for Stock Issuance and Listing of the Shenzhen Stock Exchange," and other relevant laws, regulations, and regulations of the China Securities Regulatory Commission, Zhongtai Securities and the designated sponsors have acted with honesty and diligence, and have issued this issuance sponsorship letter in strict accordance with the legally formulated business rules, industry practice standards, and ethical guidelines, and guarantee the truthfulness, accuracy, and completeness of the information provided.
(Unless otherwise specified, the abbreviations used in this issuance sponsorship letter have the same meaning as those in the "Prospectus for the Initial Public Offering of Shares by Beijing Victory Electric Co., Ltd. and Listing on the Main Board.")