Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan") or "the Company" has submitted this review opinion regarding the management and use of funds raised by Zhonghuan Technology Co., Ltd. (hereinafter referred to as "Zhonghuan") for the year 2025. This is based on the relevant regulations of the Shenzhen Stock Exchange and the guidelines for the management of raised funds.
I. Basic Situation of Fundraising
(1) Amount and Timing of Fundraising