Verification Opinion of AVIC Securities Co., Ltd. on Shenzhen Jinxinno High-Tech Co., Ltd.'s Temporary Use of Idle Raised Funds
AVIC Securities Co., Ltd. (hereinafter referred to as "AVIC Securities" or "Sponsor") is the sponsor for Shenzhen Jinxinno High-Tech Co., Ltd. (hereinafter referred to as "Jinxinno" or "Company") regarding its simplified issuance of shares to specific targets in 2025. In accordance with relevant regulations, including the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Regulations on the Supervision of Raised Funds by Listed Companies," "Shenzhen Stock Exchange GEM Listing Rules," and "Self-Regulatory Guidelines for Listed Companies No. 2 - Standard Operation of GEM Listed Companies," AVIC Securities has conducted a prudent review of the company's plan to temporarily use part of the idle raised funds to supplement working capital. The specific situation is as follows:
1. Basic Situation of Raised Funds
According to the approval issued by the China Securities Regulatory Commission regarding the registration of Shenzhen Jinxinno's issuance of shares to specific targets (Zheng Jian Xu Ke [2026] No. 1055), the company issued 22,060,119 ordinary shares (A shares) at a price of RMB 12.59 per share, raising a total of RMB 277,736,898.21. After deducting various issuance expenses of RMB 3,440,914.17 (excluding tax), the actual net raised funds amounted to RMB 274,295,984.04. Among these, the registered capital and share capital increased by RMB 22,060,119.00, and the capital reserve amounted to RMB 252,235,865.04. The raised funds were transferred to the company's designated account on May 19, 2026, and Zhonghui Certified Public Accountants (Special General Partnership) issued a "Capital Verification Report" (Zhong Hui Hui Yan [2026] No. 9984) regarding the receipt of the raised funds. The company has managed the raised funds in a dedicated account as required and has signed a tripartite supervision agreement for the raised funds with the sponsor and the supervising bank.
2. Investment Project Situation of Raised Funds
The specific usage plan for the raised funds is as follows:
| No. | Project Name | Total Investment Amount (RMB 10,000) | Amount of Raised Funds to be Invested (Adjusted) |
|---|---|---|---|
| 1 | Data Center High-Speed Interconnection Product Expansion Project | 29,750.23 | 21,000.00 |
| 2 | Supplementing Working Capital | 6,773.69 | 6,429.60 |
| Total | 36,523.92 | 27,429.60 |