Audit Report of Cosun Securities Co., Ltd. on Guangdong Baolight Medical Technology Co., Ltd. Regarding the Termination of Raised Capital Projects and the Reallocation of Remaining Raised Capital for Permanent Supplementation of Working Capital
Cosun Securities Co., Ltd. (hereinafter referred to as "Cosun Securities" or "Sponsor") as the sponsor of Guangdong Baolight Medical Technology Co., Ltd. (hereinafter referred to as "Baolight" or "the Company"), in accordance with relevant laws and regulations, has conducted a serious and prudent review of Baolight's raised capital projects termination, partial termination of raised capital projects, and the reallocation of remaining raised capital for permanent supplementation of working capital. The details are as follows:
I. Basic Situation of Raised Capital
Upon approval by the China Securities Regulatory Commission's Document No. [2021] 3736 and with the consent of the Shenzhen Stock Exchange, the Company issued 28,723,404 ordinary shares to specific targets on January 17, 2022, at an issue price of RMB 18.80 per share, raising a total of RMB 539,999,995.20. After deducting issuance-related expenses (excluding tax), the net amount of raised capital was RMB 528,049,313.53.
As of January 25, 2022, the aforementioned raised capital had been fully received by the Company, as confirmed by the audit report No. "Dahua Audit [2022] 000055" issued by Dahua Certified Public Accountants (Special General Partnership).
After several adjustments, the utilization plan for the raised capital is as follows:
| Project Name | Original Total Investment | Adjusted Total Investment | Original Planned Investment | Adjusted Planned Investment | Current Progress |
|---|---|---|---|---|---|
| Baolight Hemodialysis Industry Base and R&D Center Project | 43,890.02 | 66,877.52 | 24,500.00 | 35,500.00 | Project completed |
| Marketing Network and Informatization Construction Project | 15,484.60 | 13,184.60 | 14,500.00 | 3,500.00 | Partially completed |
| Supplementation of Working Capital | 15,000.00 | 15,000.00 | 15,000.00 | 13,804.93 | Completed |
| Total | 74,374.62 | 95,062.12 | 54,000.00 | 52,804.93 |
Unit: Ten Thousand Yuan
II. Termination of Raised Capital Projects and Remaining Raised Capital
(I) Termination of Raised Capital Projects and Remaining Raised Capital
As of July 28, 2026, the utilization and surplus of raised capital are as follows: