Dongguan Securities Co., Ltd.
Audit Opinion on Meig Smart Technology Co., Ltd.'s Termination and Adjustment of A-share Raised Capital Investment Projects
Dongguan Securities Co., Ltd. (hereinafter referred to as "Dongguan Securities" or "Sponsor") is the sponsor institution for the continuous supervision of Meig Smart Technology Co., Ltd. (hereinafter referred to as "Meig Smart" or "the Company") for its 2021 non-public offering of shares. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulation Supervision Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations, Dongguan Securities has audited the termination and adjustment of investment plans for the Company's A-share raised capital investment projects and hereby issues its audit opinion as follows:
I. Overview of the Changes to the Raised Capital Investment Projects
(I) Basic Situation of Raised Capital
As approved by the China Securities Regulatory Commission's "Approval on Approving Meig Smart Technology Co., Ltd.'s Non-public Offering of Shares" (Zhengjianxuke [2022] No. 533), the Company issued 21,208,503 ordinary shares of A-shares to specific objects at an issuance price of RMB 28.46 per share. The total amount of raised capital was RMB 603,594,000, and after deducting issuance expenses (excluding VAT) of RMB 10,663,500, the actual net amount of raised capital was RMB 592,930,500. The capital inflow was verified by Xinyongzhonghe Certified Public Accountants (Special General Partnership), which issued the "Capital Verification Report" (XYZH/2023SZAA7B0002).
The Company has implemented a special account deposit system for raised capital and has signed a supervision agreement for raised capital with the sponsor institution and the bank where the raised capital is deposited.
(II) Use of Raised Capital Investment Projects
According to the raised capital usage plan stipulated in the Company's "2021 Non-public Offering of Shares Plan," the raised capital usage plan is as follows:
| No. | Project Name | Unit: RMB 10,000 |
|---|---|---|
| Investment Amount | ||
| 1 | 5G+AIoT Module and Solution Industrialization Project | 44,589.20 |
| 2 | R&D Center Construction Project | 7,368.20 |
| 3 | Supplementary Working Capital | 15,000.00 |
| Total | 66,957.40 |
The Company held the 2021 Third Extraordinary General Meeting of Shareholders on August 30, 2021, and approved the "Proposal on Authorizing the Board of Directors to Fully Handle Matters Related to the Non-public Offering of Shares." On August 29, 2022, the Company held the 2022 Second Extraordinary General Meeting of Shareholders and approved the "Proposal on Authorizing the Board of Directors to Extend the Validity Period for Fully Handling Matters Related to the Non-public Offering of Shares." The authorization allows the Board of Directors to adjust the raised capital investment projects based on the actual amount of raised capital. Since the net amount of raised capital from the Company's non-public offering was less than the planned investment amount, to ensure the smooth implementation of the raised capital investment projects, the investment amounts for each project have been adjusted based on their importance and urgency. The details are as follows: