Verification Opinion
Guojin Securities Co., Ltd. (hereinafter referred to as "Guojin Securities" or "the Sponsor") is the sponsor for the non-public issuance of shares by Fujian Yuanli Activated Carbon Co., Ltd. (hereinafter referred to as "Yuanli" or "the Company") in 2020. In accordance with the relevant laws and regulations, Guojin Securities has conducted a prudent verification of the completion of Yuanli's fundraising projects and the permanent allocation of surplus funds to working capital. The verification opinion is as follows:
I. Basic Information on Fundraising and Fundraising Projects
(1) Basic Information on Fundraising
According to the approval document from the China Securities Regulatory Commission (CSRC) [2020] No. 973, the Company issued 65,103,168 ordinary shares of RMB at a price of RMB 13.57 per share in June 2020, raising a total of RMB 883,449,989.76. After deducting related issuance expenses of RMB 23,596,699.11, the actual net amount raised was RMB 859,853,290.65. All of the raised funds are managed in a special account, verified by Huaxing Certified Public Accountants (Special General Partnership), which issued the verification report Huaxing [2020] Verification No. E-002.
(2) Commitment to Investment Projects with Raised Funds
According to the Company's "Report on the Issuance of Non-Public Shares," the committed investment projects for the raised funds from the 2020 non-public issuance are as follows: