Special Verification Opinion on the Storage and Use of Raised Funds for 2021 by Lion Energy Technology (Henan) Co., Ltd.
China International Capital Corporation (hereinafter referred to as "CICC" or "the Sponsor") has conducted a prudent verification of the storage and use of raised funds by Lion Energy Technology (Henan) Co., Ltd. (hereinafter referred to as "Lion Technology" or "the Company") for the year 2021, as the continuous supervising sponsor for the Company's non-public issuance in 2017, in accordance with relevant regulations. The verification results are as follows:
1. Basic Information on Raised Funds
(1) Actual Amount Raised and Timing of Fund Arrival
According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2016] No. 3230), Lion Energy Technology (Henan) Co., Ltd. (formerly known as Guangdong Lion Energy Technology Co., Ltd.) issued 49,561,569 shares of RMB ordinary shares at an issuance price of RMB 26.23 per share to five specific investors on February 28, 2017, raising a total of RMB 1,299,999,954.87. After deducting underwriting fees and other issuance costs of RMB 21,349,561.57, the actual net amount raised was RMB 1,278,650,393.30. This amount has been verified by the verification report No. Guang Hui Yan Zi [2017] G17000730185 issued by Guangdong Zhengzhong Zhujiang Accounting Firm (Special General Partnership).