Verification Opinion of Zhongtian Guofu Securities Co., Ltd. on Guangdong Tosida Technology Co., Ltd.'s Use of Temporarily Idle Raised Funds for Cash Management
Zhongtian Guofu Securities Co., Ltd. (hereinafter referred to as "Zhongtian Guofu" or "the Sponsor") is the sponsor for Guangdong Tosida Technology Co., Ltd. (hereinafter referred to as "Tosida" or "the Company"). According to the "Summary Report on the Public Issuance of A Shares and the Issuance of Convertible Bonds to Unspecified Objects by Guangdong Tosida Technology Co., Ltd.": As of December 31, 2023, the continuous supervision period for Tosida's public issuance of A shares and the issuance of convertible bonds to unspecified objects has expired. Since the raised funds from the issuance of convertible bonds have not been fully utilized, Zhongtian Guofu is still required to fulfill its supervisory obligations regarding the use of raised funds in accordance with relevant regulations such as the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange GEM Listing Rules," "Regulations on the Supervision of Raised Funds by Listed Companies," and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange GEM - Standardized Operations of GEM Listed Companies."
In summary, Zhongtian Guofu has conducted a verification of the Company's use of part of the temporarily idle raised funds for cash management, with the specific verification details as follows:
1. Basic Situation of Raised Funds
Approved by the 62nd review meeting of the Shenzhen Stock Exchange GEM Listing Committee in 2020 and authorized by the China Securities Regulatory Commission in the "Approval on the Registration of Guangdong Tosida Technology Co., Ltd. to Issue Convertible Bonds to Unspecified Objects" (Zheng Jian Xu Ke [2021] No. 435), the Company publicly issued 6.7 million convertible bonds with a face value of RMB 100 each on March 10, 2021, with a total issuance amount of RMB 670 million. After deducting issuance expenses of RMB 14,836,792.45, the actual net raised funds amounted to RMB 655,163,207.55. Lixin Accounting Firm (Special General Partnership) verified the funds' arrival on March 16, 2021, and issued Verification Report No. [2021] ZI10054. The Company has implemented a special account storage system for the raised funds.
On December 5, 2025, and December 24, 2025, the Company held the 28th meeting of the 4th Board of Directors and the 5th extraordinary general meeting of 2025, respectively, to review and approve the "Proposal on the Completion of Fundraising Projects and the Investment of Surplus Raised Funds into New Projects and Permanent Supplementation of Working Capital," agreeing to conclude the investment project "Research and Industrialization of Intelligent Manufacturing Overall Solutions" funded by the raised funds from the issuance of convertible bonds to unspecified objects in 2021, and to use the surplus raised funds totaling RMB 283,418,100 as of November 30, 2025, for new fundraising projects and permanent supplementation of working capital for its wholly-owned subsidiary Dongguan Tosida Technology Co., Ltd. (hereinafter referred to as "Tosida Technology").