CITIC Securities Co., Ltd.
Regarding Xinjiang Beixin Road & Bridge Group Co., Ltd.'s 2025 Fund Raising, Custody, and Use Special Audit Report
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "the Sponsor") as the continuing sponsor institution for the private offering of shares by Xinjiang Beixin Road & Bridge Group Co., Ltd. (hereinafter referred to as "Beixin Road & Bridge" or "the Company"), in accordance with the "Administrative Measures for the Supervision of Fund Raising by Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 13 - Sponsorship Business," and other relevant regulations, has audited the custody, management, and use of Beixin Road & Bridge's 2025 raised funds. The details are as follows:
I. Basic Information on Raised Funds
(I) Situation of Raised Funds Received
According to the "Approval on the Registration of Private Offering of Shares by Xinjiang Beixin Road & Bridge Group Co., Ltd." (Issuance License [2025] No. 1925) issued by the China Securities Regulatory Commission, the Company issued 380,487,474.00 shares of RMB ordinary shares (A shares) at a par value of RMB 1.00 per share and an issuance price of RMB 4.07 per share. The total amount of raised funds is RMB 1,548,584,019.18, and the net amount of raised funds is RMB 1,532,236,775.42. All of the above raised funds have been received. Sigma Certified Public Accountants (Special General Partnership) issued the "Capital Verification Report of Xinjiang Beixin Road & Bridge Group Co., Ltd." (Xi Hui Zi [2025] No. 0036) on December 9, 2025.
(II) Fund Raising and Balance Situation for the Reporting Period
| Project | Amount (RMB) |
|---|---|
| Total raised funds | 1,548,584,019.18 |
| Less: Issuance expenses | 16,347,243.76 |
| Net raised funds | 1,532,236,775.42 |
| Less: Supplement to working capital | 342,236,775.42 |
| Add: Interest income for the period | 36,246.97 |
| Add: Issuance expenses not yet paid | 2,185,405.85 |
| Balance in the special account for raised funds as of December 31, 2025 | 1,192,221,652.82 |
II. Fund Raising Custody and Management
(I) Management of Raised Funds
To regulate the management and use of raised funds, improve fund utilization efficiency and benefits, and protect investors' rights and interests, the Company has formulated the "Management Measures for Raised Funds" in accordance with the "Company Law," "Securities Law," "Administrative Measures for the Supervision of Fund Raising by Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Norms for Operation of Main Board Listed Companies," and other relevant laws, regulations, and normative documents, combined with the Company's actual situation. On December 19, 2025, the Company held the 26th meeting of the 7th Board of Directors, which reviewed and approved the "Proposal on Revising the 'Management Measures for Raised Funds'." This system has been updated and revised in accordance with the latest laws, regulations, and relevant requirements to ensure the standardized use of raised funds.