Verification Opinion of Kaiyuan Securities Co., Ltd. on Zhejiang Southeast Space Frame Co., Ltd.'s Cash Management Using Idle Funds in 2026
Kaiyuan Securities Co., Ltd. (hereinafter referred to as "Kaiyuan Securities" or "the Sponsor") has conducted a verification of Zhejiang Southeast Space Frame Co., Ltd. (hereinafter referred to as "Southeast Space Frame" or "the Company") regarding the use of idle funds for cash management in 2026, in accordance with relevant regulations including the "Administrative Measures for Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange Stock Listing Rules," "Regulations on the Supervision of Funds Raised by Listed Companies," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operation of Main Board Listed Companies." The verification findings and opinions are as follows:
1. Investment Overview
(1) Investment Purpose
To improve the capital utilization efficiency of the Company and its subsidiaries, and to reasonably utilize idle funds without affecting the normal operations and capital safety of the Company and its subsidiaries, it is planned to use idle funds for cash management by purchasing low-risk bank wealth management products to increase the Company's income.
(2) Investment Amount
The Company and its subsidiaries plan to use a maximum amount not exceeding RMB 1 billion (or equivalent foreign currency) of idle funds to purchase wealth management products, valid for 12 months from the date of approval by the Company's board of directors. Within the aforementioned amount and period, funds can be rolled over for investment, but not cumulatively calculated, meaning that at any point during the investment period, the total amount of held investments that have not matured shall not exceed RMB 1 billion (or equivalent foreign currency).
(3) Investment Types
To control risks, the Company and its subsidiaries will use idle funds to purchase short-term (not exceeding 12 months) low-risk wealth management products with high safety and good liquidity. The issuers should be reputable financial institutions, including but not limited to commercial banks, trust companies, securities companies, funds, and asset management companies.
(4) Authorization Period
The authorization period is 12 months from the date of approval by the Company's board of directors.