Declaration and Commitment
KaYuan Securities Co., Ltd. accepts the commission from Renrenle Chain Commercial Group Co., Ltd. to act as the independent financial advisor for the major asset sale and related transactions. In accordance with relevant laws and regulations such as the Company Law, Securities Law, and Management Measures for Restructuring, and based on recognized industry standards and ethical norms, this independent financial advisor has conducted due diligence and, in conjunction with the listed company's 2024 annual report, issues this continuous supervision opinion.
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The documents and materials on which this continuous supervision opinion is based are provided by the parties involved in this transaction. The providers are responsible for the authenticity, accuracy, and completeness of the documents and materials provided and ensure that there are no false records, misleading statements, or significant omissions. This independent financial advisor does not bear any risk liability arising therefrom.
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This independent financial advisor has fulfilled its due diligence obligations as required and has sufficient reason to believe that the professional opinions expressed do not materially differ from the contents disclosed by the listed company.
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This continuous supervision opinion does not constitute any investment advice or opinion regarding the listed company. The independent financial advisor does not bear any responsibility for any risks arising from investment decisions made by investors based on this continuous supervision opinion.
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This independent financial advisor has not commissioned or authorized any other institutions or individuals to provide information not included in this continuous supervision opinion as a supplement or modification, nor to interpret or explain this continuous supervision opinion.
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This independent financial advisor urges investors to carefully read the full text of the documents related to this restructuring published by the listed company.
Definitions
In this continuous supervision opinion, unless otherwise specified, the following terms have the meanings ascribed to them: