Zhongde Securities Co., Ltd.
Audit Opinion on Beijing DaBeiNong Technology Group Co., Ltd.'s Use of Idle Funds for Wealth Management
Zhongde Securities Co., Ltd. (hereinafter referred to as "Zhongde Securities" or "Sponsor") as the sponsor for Beijing DaBeiNong Technology Group Co., Ltd. (hereinafter referred to as "DaBeiNong" or "the Company") in its private placement of A-shares, has conducted a prudent audit on DaBeiNong's use of its own idle funds for wealth management, in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations. The details are as follows:
I. Overview of Investment Situation
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Investment Objective To ensure liquidity while reasonably utilizing its own funds, effectively enhancing the efficiency of working capital, and thereby obtaining better investment returns, the Company and its subsidiaries plan to continue using their own idle funds for wealth management, under the premise of ensuring daily operating fund needs and capital security.
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Investment Quota The Company and its subsidiaries plan to use no more than RMB 2 billion of their idle own funds for wealth management. Within this quota, funds can be rolled over. At any point in time, the balance of funds used for wealth management product investments (including amounts reinvested from previous investment income) shall not exceed RMB 2 billion.
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Investment Types The types of products that the Company and its subsidiaries will invest in using their idle own funds are low-to-medium risk wealth management products with good liquidity and high security, including but not limited to fixed-income products, principal-protected floating-return wealth management products, and structured deposits.
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Source of Funds The source of funds is the idle own funds of the Company and its subsidiaries. The source of funds is legal and compliant. The use of these funds for entrusted wealth management by the Company and its subsidiaries will not affect the liquidity required for the Company's normal operations.
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Authorization Period The authorization period is valid for 12 months from the date of approval by the fourth meeting of the sixth board of directors, meaning that wealth management products can be purchased during this period, with a single wealth management product term not exceeding one year.