Pacific Securities Co., Ltd. Audit Opinion on Tianjin Jiuan Medical Electronic Co., Ltd.'s Use of Partially Idle Raised Funds for Cash Management
Pacific Securities Co., Ltd. ("Pacific Securities," "Sponsor") is the sponsor for Tianjin Jiuan Medical Electronic Co., Ltd. ("Jiuan Medical," "Company")'s 2020 private placement of shares. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies," "Shenzhen Stock Exchange Stock Listing Rules," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other laws and regulations, Pacific Securities has prudently reviewed the matter of Jiuan Medical using a portion of its temporarily idle raised funds for cash management. The review findings and opinions are as follows:
I. Basic Situation of Using Partially Idle Raised Funds for Cash Management
Jiuan Medical held its second meeting of the seventh Board of Directors on April 20, 2026, and deliberated and approved the "Proposal on the Company's Use of Partially Idle Raised Funds for Cash Management." The proposal agreed to use temporarily idle raised funds from the private placement of shares for cash management, with an amount not exceeding RMB 70 million. The funds will be invested in low-risk investment products with high safety and liquidity sold by legally operating financial institutions. Within this limit, the idle raised funds can be used on a revolving basis. For details of the deliberation, please refer to the "Announcement of the Second Meeting of the Seventh Board of Directors" disclosed by the Company on April 21, 2026, in the "Securities Times" and on the CNINFO website (http://www.cninfo.com.cn).