CITIC Securities Co., Ltd. Verification Opinion on Compliance with Article 4 of the Regulatory Requirements for Listed Companies' Major Asset Restructuring
Shenzhen Fastrans Wireless Co., Ltd. (hereinafter referred to as the "Company" or "Fastrans") intends to acquire 37.16% of the shares of Shenzhen Honsheng Electronics Co., Ltd. (hereinafter referred to as the "Target Company" or "Honsheng Electronics") by paying cash, and to control the Target Company through an acting-in-concert agreement (hereinafter referred to as the "Transaction"). The Transaction constitutes a major asset restructuring for the Company.
As the independent financial advisor of the Company (hereinafter referred to as the "Independent Financial Advisor"), CITIC Securities Co., Ltd. hereby provides the following explanation on the compliance of this Transaction with Article 4 of the "Regulatory Requirements for Listed Companies' Major Asset Restructuring":