Special Verification Opinion on Zhuhai Bojie Electronics Co., Ltd.'s 2025 Annual Fundraising Storage and Actual Use
Guolian Minsheng Securities Underwriting and Sponsorship Co., Ltd. (hereinafter referred to as "Guolian Minsheng Underwriting and Sponsorship" or "Sponsoring Institution") is the sponsoring institution for the public issuance of convertible bonds by Zhuhai Bojie Electronics Co., Ltd. (hereinafter referred to as "Bojie Co." or "Company"). In accordance with the requirements of the "Regulations on the Supervision of Fundraising by Listed Companies," "Shenzhen Stock Exchange Stock Listing Rules," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board of the Shenzhen Stock Exchange," the company conducted a thorough and prudent verification of the storage and usage of the raised funds. The specific circumstances of the verification are as follows:
1. Verification Work by the Sponsoring Institution
The sponsoring representative of Guolian Minsheng Underwriting and Sponsorship conducted discussions with the company's directors, senior management, and relevant personnel from the finance department. They reviewed the bank statements of the special account for the raised funds, the ledger of the usage of the raised funds, and the special report prepared by the company's board of directors on the storage and actual use of the raised funds for the year 2025.
2. Basic Situation of the Raised Funds
(1) Fundraising Situation from Initial Public Offering
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Actual Amount Raised and Time of Fund Arrival According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2019] No. 2573), the company publicly issued 17,366,700 shares of RMB ordinary shares (A shares) at an issuance price of RMB 34.60 per share, raising a total of RMB 600,887,800. After deducting underwriting and sponsorship fees of RMB 53,088,200, the net amount raised was RMB 547,799,600, which was transferred to the company's fundraising supervision account by the lead underwriter, Minsheng Securities Co., Ltd., on January 22, 2020. After deducting additional external costs directly related to the issuance of equity securities, totaling RMB 25,340,600, the net amount of funds raised by the company was RMB 522,459,000. This fundraising situation has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued a "Verification Report" (Tianjian Yan [2020] No. 3-3).
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Usage and Balance of the Raised Funds As of December 31, 2025, the usage and balance of the raised funds are as follows:
| Item | Amount (RMB 10,000) |
|---|---|
| Net Amount Raised (A) | 52,245.90 |
| Cumulative Amount Used at Beginning of Period (B1) | 47,238.77 |
| Net Interest Income (B2) | 2,593.79 |
| Amount Used During the Period (C1) | -0.15 |
| Interest Income During the Period (C2) | 63.48 |
| Cumulative Amount Used at End of Period (D1=B1+C1) | 47,238.62 |
| Cumulative Interest Income at End of Period (D2=B2+C2) | 2,657.27 |
| Should-be Remaining Funds (E=A-D1+D2) | 7,664.55 |
| Actual Remaining Funds (F) | 0.00 |
| Difference (G=E-F) | 7,664.55 |
Note: The difference is due to the company permanently supplementing working capital with the remaining funds from the fundraising projects, thus transferring the balance of the raised funds to its own funds account.
(2) Fundraising Situation from Public Issuance of Convertible Bonds
- Actual Amount Raised and Time of Fund Arrival According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2021] No. 2714), the company publicly issued 5,260,000 convertible bonds with a face value of RMB 100.00 each, raising a total of RMB 526,000,000, with a term of 6 years. The total amount raised was RMB 526,000,000, and after deducting underwriting and sponsorship fees (excluding VAT) of RMB 9,750,000, the actual amount received was RMB 516,250,000, which was transferred to the company's designated special storage account for the raised funds on November 23, 2021. After deducting issuance costs (excluding VAT) of RMB 1,997,100, the actual net amount raised was RMB 514,252,900. This fundraising situation has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued a "Verification Report" (Tianjian Yan [2021] No. 3-67).