Verification Opinion of Kaiyuan Securities Co., Ltd. on Zhejiang Southeast Steel Structure Co., Ltd.'s Project Completion and Permanent Supplement of Working Capital
Kaiyuan Securities Co., Ltd. (hereinafter referred to as "Kaiyuan Securities" or "the Sponsor") has conducted a prudent verification regarding the completion of fundraising projects by Zhejiang Southeast Steel Structure Co., Ltd. (hereinafter referred to as "Southeast Steel Structure," "the Company," or "the Listed Company") and the permanent supplementation of surplus fundraising funds to working capital, in accordance with relevant laws and regulations including the "Administrative Measures for Sponsoring Securities Issuance and Listing," "Shenzhen Stock Exchange Stock Listing Rules," "Regulations on the Supervision of Fundraising by Listed Companies," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board of Shenzhen Stock Exchange."
1. Basic Information on Fundraising
With the approval of the China Securities Regulatory Commission regarding the registration of the issuance of convertible corporate bonds to unspecified objects (Zheng Jian Xu Ke [2023] No. 1845), the Company issued 20 million convertible corporate bonds on January 3, 2024, with a face value of RMB 100 each, raising a total of RMB 200 million. After deducting various issuance expenses (excluding VAT) of RMB 13,768,519.87, the actual net amount raised was RMB 1,986,231,480.13. The aforementioned funds were fully received by January 9, 2024, and Tianjian Accounting Firm (Special General Partnership) verified the receipt of these funds, issuing a verification report on January 10, 2024 (Tianjian Yan [2024] No. 15). The Company has stored the raised funds in a special account and signed a "Tripartite Supervision Agreement on Fundraising Special Accounts" with the Sponsor and relevant banks.
2. Management and Storage of Fundraising
(1) Management of Fundraising
To standardize the management and use of fundraising, improve the efficiency and effectiveness of fund utilization, and protect investors' rights, the Company has developed the "Management System for Fundraising by Zhejiang Southeast Steel Structure Co., Ltd." (hereinafter referred to as "the Management System") in accordance with relevant laws and regulations, combined with the Company's actual situation. The Company strictly implements the Management System, storing the raised funds in a special account at the bank and signing a "Tripartite Supervision Agreement on Fundraising" with the Sponsor and commercial banks, clarifying the rights and obligations of all parties.
(2) Status of Fundraising Special Accounts
As of February 27, 2026, the Company has five fundraising special accounts, with the following balances: