Verification Opinion of CITIC Securities Co., Ltd. on Zhejiang Hangqilun Power Technology Group Co., Ltd.'s Use of Idle Funds for Short-term Financial Management in 2026
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Independent Financial Advisor") serves as the independent financial advisor and ongoing supervisory institution for the share exchange merger project of Zhejiang Hangqilun Power Technology Group Co., Ltd. (hereinafter referred to as "Hangqilun Technology" or "Company"). In accordance with the "Measures for the Administration of Major Asset Restructuring of Listed Companies," the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as "Listing Rules"), and the relevant requirements of the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of GEM Listed Companies," CITIC Securities has conducted a verification of the company's use of temporarily idle self-owned funds for short-term financial management. The specific circumstances of the verification are as follows:
1. Investment Overview
(1) Investment Purpose
According to the company's "Entrusted Financial Management System," the company aims to reasonably utilize idle self-owned funds for entrusted financial management without affecting daily operations and ensuring controllable risks, thereby improving the return on fund utilization and increasing shareholder returns.