Guolian MinSheng Securities Underwriting and Sponsorship Co., Ltd. Review Opinion on the Extension of Suzhou Hengmingda Electronic Technology Co., Ltd.'s Raised Funds Investment Project
Guolian MinSheng Securities Underwriting and Sponsorship Co., Ltd. (hereinafter referred to as "Guolian MinSheng Securities" or "Sponsor") as the continuing supervision institution of Suzhou Hengmingda Electronic Technology Co., Ltd. (hereinafter referred to as "the Company"), in accordance with the "Supervision Rules for Raised Funds of Listed Companies," "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and other relevant regulations, has investigated the matter of the extension of the Company's raised funds investment project. The details are as follows:
I. Basic Situation of Raised Funds
The China Securities Regulatory Commission's "Approval on the Registration of Suzhou Hengmingda Electronic Technology Co., Ltd.'s Issuance of Shares to Specific Objects" (Securities Regulatory License (2023) No. 2853) approved the Company to issue no more than 69,051,529.00 shares of RMB ordinary shares (A shares) to specific objects. As of July 31, 2024, the Company issued 26,042,021 shares of RMB ordinary shares (A shares) to specific objects at an issue price of RMB 29.03 per share. The total raised funds amounted to RMB 755,999,869.63. After deducting all issuance expenses, the net amount of raised funds was RMB 743,286,624.29. Tianjian Certified Public Accountants (Special General Partnership) audited the above-mentioned situation of raised funds and issued the "Capital Verification Report" (Tianjian Verification (2024) No. 320). The Company has adopted a special account storage system for the raised funds. Upon arrival, all raised funds have been deposited into the special account for raised funds. The Company has also signed a "Raised Funds Supervision Agreement" with the special account bank and the sponsor.
II. Use of Raised Funds
- According to the "Prospectus for Suzhou Hengmingda Electronic Technology Co., Ltd.'s Issuance of Shares to Specific Objects in 2023" disclosed by the Company, the investment project and fund utilization plan for this issuance to specific objects are as follows:
| Serial No. | Project Name | Total Project Investment | Proposed Raised Funds Amount | Actual Raised Funds Amount Invested | Accumulated Raised Funds Invested as of December 31, 2025 |
|---|---|---|---|---|---|
| 1 | Huzhou Hengmingda Intelligent Manufacturing Base Construction Project | 117,539.68 | 116,000.00 | 74,328.66 | 12,161.07 |
| Total | 117,539.68 | 116,000.00 | 74,328.66 | 12,161.07 |
Note: The project name "Huzhou Hengmingda Intelligent Manufacturing Base Construction Project" is registered as "Huzhou Hengmingda Electronic Materials and Communication Equipment Industry Upgrade Construction Project."
- On August 8, 2024, the Company's third board of directors' 13th meeting and the third supervisory board's 10th meeting deliberated and approved the "Proposal on Using Raised Funds to Increase Capital for the Implementation Entity of the Raised Funds Investment Project." It was agreed that the Company would use raised funds to increase capital for Huzhou Hengmingda Electronic Technology Co., Ltd. to construct the raised funds investment project, with a total capital increase of RMB 74,328.66 million.