Verification Opinion on Early Redemption of "Xingshui Convertible Bonds"
China International Capital Corporation Limited (hereinafter referred to as "CICC" or "the Sponsor") is the continuous sponsor for Ningbo Xingshui Electronics Technology Co., Ltd. (hereinafter referred to as "Xingshui Technology" or "the Company"). In accordance with relevant laws, regulations, and normative documents, CICC and its designated sponsor representatives conducted a special verification regarding the early redemption of "Xingshui Convertible Bonds." The verification findings and opinions are as follows:
1. Basic Information on "Xingshui Convertible Bonds"
(1) Issuance of Convertible Bonds
Approved by the China Securities Regulatory Commission (CSRC) in its reply on the registration of the issuance of convertible bonds to unspecified objects (CSRC Permit [2023] No. 1429), the Company publicly issued 4.62 million convertible bonds on July 24, 2023, with a par value of 100 yuan each, totaling 462 million yuan.