1. Sponsorship Institution's Internal Review Process
(1) Internal Review Process
The sponsorship institution, Ping An Securities Co., Ltd. (hereinafter referred to as "the Sponsoring Institution"), accepted the commission from Hunan Shengjing Shanhe Biotechnology Co., Ltd. (hereinafter referred to as "the Issuer") to act as the sponsor for its initial public offering and listing (hereinafter referred to as "the Project"). The Sponsoring Institution and its sponsoring representatives conducted the sponsorship work report in accordance with the Company Law, Securities Law, and relevant regulations of the China Securities Regulatory Commission, ensuring honesty, diligence, and compliance with established business rules, industry practices, and ethical standards. They guarantee the authenticity, accuracy, and completeness of the documents provided.
- Project Approval Process: On April 16, 2009, and March 26, 2010, the Sponsoring Institution conducted internal reviews for the project in accordance with the requirements for listing on the Growth Enterprise Market and the SME Board, respectively, and approved the project.
- Internal Verification Department Review: From July 8 to July 10, 2009, the internal verification department of the Sponsoring Institution conducted a preliminary review of the Issuer's application documents and formed a review report. The project team responded to and rectified each point raised by the internal verification department.
- Internal Review Group Review: The internal review group of the Sponsoring Institution held a meeting on April 6, 2010, to review the Issuer's application documents for the initial public offering. During the meeting, the group members discussed the issues and risks associated with the Issuer's application for the initial public offering, and the project team responded to each question raised by the group members. The internal review group voted and approved the project. The project team implemented the internal review group's opinions, and the internal verification department checked the implementation status.
(2) Main Process of Project Approval
- Project Application Time: On April 12, 2009, the project team submitted the project application report in accordance with the requirements for listing on the Growth Enterprise Market. On March 22, 2010, the project team submitted the project application report in accordance with the requirements for listing on the SME Board.
- Members of the Project Evaluation Decision-Making Body: The project management committee of the investment banking division of the Sponsoring Institution consists of 12 members, including Xue Rongnian, Zeng Niansheng, Gong Hanting, Cui Ling, Luo Tengzi, Lin Hui, Xu Shengneng, Qin Hongbo, Chen Xinjun, Fang Xiangsheng, Han Changfeng, and Li Peng.
- Project Approval Meeting Time: The project approval meeting was held on March 26, 2010.