Important Statement
This report is prepared by the trustee manager, China International Capital Corporation Limited (hereinafter referred to as "CICC"), based on the "Measures for the Administration of Corporate Bond Issuance and Trading," the "Trustee Management Agreement for the Issuance of Convertible Bonds by Ningbo Xingrui Electronic Technology Co., Ltd." (hereinafter referred to as the "Trustee Management Agreement"), and the "Prospectus for the Issuance of Convertible Bonds by Ningbo Xingrui Electronic Technology Co., Ltd." (hereinafter referred to as the "Prospectus"). CICC has not independently verified the contents and information quoted from the above documents and does not guarantee or assume any responsibility for the truthfulness, accuracy, and completeness of such quoted contents and information. This report does not constitute a recommendation for investors to take or refrain from any action; investors should make independent judgments regarding related matters and should not rely on any content in this report as a commitment or statement made by CICC. Under no circumstances shall CICC be liable for any actions or inactions taken by investors based on this report.