AVIC Securities Co., Ltd.
Audit Opinion on Shenzhen Jin Xin Nuo High-Tech Co., Ltd.'s Use of Raised Funds for Loans and Capital Increases to Subsidiaries for Investment Projects and Related Party Transactions
AVIC Securities Co., Ltd. (hereinafter referred to as "AVIC Securities" or "Sponsor") is the sponsor for Shenzhen Jin Xin Nuo High-Tech Co., Ltd. (hereinafter referred to as "Jin Xin Nuo" or "the Company") for its 2025 simplified procedure targeted private placement of shares. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Rules for the Management of Raised Funds by Listed Companies," "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 13 - Sponsorship Business," etc., the Sponsor has conducted a prudent audit of the Company's use of raised funds to provide loans and capital increases to its holding subsidiaries and grand-subsidiaries for investment projects, and the related party transactions. The details are as follows:
I. Basic Situation of Raised Funds
With the approval of the "Approval on the Registration of Shenzhen Jin Xin Nuo High-Tech Co., Ltd.'s Private Placement of Shares to Specific Targets" (Securities Regulatory Permit (2026) No. 1055) issued by the China Securities Regulatory Commission, the Company issued 22,060,119 ordinary shares (A shares) at an issue price of RMB 12.59 per share. The total raised funds amounted to RMB 277,736,898.21. After deducting issuance expenses of RMB 3,440,914.17 (excluding tax), the net amount of raised funds was RMB 274,295,984.04. Of this, the newly added registered capital and share capital amounted to RMB 22,060,119.00, and the capital reserve was RMB 252,235,865.04. The aforementioned raised funds were transferred to the Company's designated account on May 19, 2026. Zhonghui Certified Public Accountants (Special General Partnership) issued the "Capital Verification Report" (Zhonghui Hui Yan (2026) No. 9984) for the receipt of raised funds from the Company's targeted private placement. The Company has managed the raised funds through a special deposit account as required, and has signed a tripartite supervision agreement for the raised funds with the Sponsor and the custodian bank.
II. Situation of Raised Funds Investment Projects
According to the amount of raised funds intended for investment projects in the "Shenzhen Jin Xin Nuo High-Tech Co., Ltd. 2025 Simplified Procedure Targeted Private Placement Prospectus (Draft for Registration)," the net amount of raised funds after deducting relevant issuance expenses will be fully used for the following projects:
| Sequence | Project Name | Total Project Investment (RMB 10,000) | Amount of Raised Funds to be Invested (Adjusted) (RMB 10,000) | Project Implementation Entity