Stock Code: 300756 Stock Abbreviation: Jinma Amusement
Response to the Second Round of Audit Inquiry Regarding the Application for Issuance of Shares to Specific Targets by Guangdong Jinma Amusement Rides Co., Ltd.
Sponsor (Lead Underwriter): Guolian Minsheng Investment Banking Company Limited
(No. 8 Puming Road, China (Shanghai) Pilot Free Trade Zone)
August 2026
Shenzhen Stock Exchange:
We have received your "Second Round of Audit Inquiry Letter Regarding the Application for Issuance of Shares to Specific Targets by Guangdong Jinma Amusement Rides Co., Ltd." (Audit Letter [2026] No. 020070) (hereinafter referred to as the "Audit Inquiry Letter") issued on August 4, 2026. In accordance with the requirements of the Audit Inquiry Letter, Guangdong Jinma Amusement Rides Co., Ltd. (hereinafter referred to as "Jinma Amusement," the "Company," or the "Issuer"), in conjunction with the sponsor, Guolian Minsheng Investment Banking Company Limited (hereinafter referred to as "Guolian Minsheng," the "Sponsor Institution," or the "Sponsor"), and other relevant parties, have, in accordance with the principles of diligence, honesty, and trustworthiness, discussed, verified, and implemented the items raised in the Audit Inquiry Letter one by one, and have provided responses accordingly. The responses to the relevant questions are hereby submitted for your review.
Notes:
-
Unless otherwise specified, the abbreviations or definitions of terms used in this response report have the same meanings as those in the "Guangdong Jinma Amusement Rides Co., Ltd. 2026 Prospectus for Issuance of Shares to Specific Targets" (hereinafter referred to as the "Prospectus").
-
If the sum of the sub-items in this response report does not match the total due to rounding, it is caused by rounding.
-
The fonts in this response report represent the following meanings:
| Font | Meaning |
|---|---|
| Bold | Questions listed in the inquiry letter |
| Songti | Responses to the questions listed in the inquiry letter |
| Bold Italics | Content involving modifications or supplements |
Table of Contents
Question 1: 4
Other Questions 1: 73
Question 1
According to the application materials, the Company intends to raise no more than 1,052.9514 million yuan, which will be used for the cultural tourism and entertainment robot R&D and industrialization project, the IP empowerment and enhancement project, the amusement park and attraction construction and operation project, and the replenishment of working capital. In 2025, the Company's main businesses included cultural tourism equipment manufacturing and cultural tourism investment and operation, with revenue amounts of 616.4958 million yuan and 58.319 million yuan, respectively, accounting for 91.36% and 8.64%. Among them, the cultural tourism investment and operation business accounted for less than 10%, and the revenue amount was less than 100 million yuan.
According to the inquiry response, the Company's amusement park and attraction construction and operation project plans to carry out construction and operation upgrades for 7 amusement park projects, each covering an area of more than 15,000 square meters, which differs from the average area of amusement parks operated during the reporting period. As of the date of the response, 3 of these projects are still in the stage of intentional negotiation. During the reporting period, 4 out of the Company's 5 fixed amusement park projects experienced losses, transfers, or significant fluctuations in gross profit margins.
According to the inquiry response, the IP authorization fee to be used for the Company's IP empowerment and enhancement project is 126 million yuan, and it plans to introduce multiple IPs within 36 months. As of the date of the response, the Company has not yet signed formal authorization agreements with relevant IP partners. The Company operated 3 IPs during the reporting period, among which the B.Duck and Nailong IPs applied to the carnival amusement project were determined by a fixed service fee plus a revenue-sharing model. According to calculations, the IP authorization demand for the IP-themed fixed amusement park and IP carnival activity business scenarios in this fundraising project is 50 million yuan and 1.6038 million yuan, respectively. Currently, the related basic business revenue is small, and its authorization method also differs from the operation method during the reporting period.