Ping An Securities Co., Ltd.
Audit Opinion on Zhejiang Jingsin Pharmaceutical Co., Ltd.'s Project Completion and Permanent Supplement of Idle Raised Funds to Working Capital
Ping An Securities Co., Ltd. (hereinafter referred to as Ping An Securities or the Sponsor) is the sponsor and continuous supervision institution for Zhejiang Jingsin Pharmaceutical Co., Ltd. (hereinafter referred to as Jingsin Pharmaceutical or the Company) for its 2020 non-public offering of shares. In accordance with the "Supervision Regulations on the Management of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Announcement Format" and other relevant regulations, Jingsin Pharmaceutical's project completion and permanent supplement of idle raised funds to working capital have been prudently audited, and the following opinions are hereby expressed:
I. Basic Situation of Raised Funds
Approved by the China Securities Regulatory Commission's "Approval on the Non-Public Offering of Shares by Zhejiang Jingsin Pharmaceutical Co., Ltd." (Zhengjian Xu Ke [2021] No. 190), the Company issued 67,567,567 ordinary shares (A shares) to Jingsin Holdings Group Co., Ltd. on August 20, 2021, at an issue price of RMB 7.40 per share. The total amount of raised funds from this non-public offering was RMB 499,999,995.80. After deducting underwriting and sponsorship fees and other issuance expenses, the net amount of raised funds was RMB 495,040,026.39. The above raised funds were all in place on August 23, 2021, and were verified by the "Capital Verification Report" (Xin Hui Shi Bao Zi [2021] No. ZA15359) issued by Lixin Certified Public Accountants (Special General Partnership). The Company has deposited the raised funds into a special account opened for the raised funds for this offering, and the Company, its opening banks, and the sponsor have signed a tripartite custody agreement for the raised funds, managing the deposit and use of the raised funds in a dedicated account.