Verification Opinion of China International Capital Corporation on Jiangsu Zhuosheng Microelectronics' Use of Own Funds and Other Methods for Project Financing
China International Capital Corporation (hereinafter referred to as "CICC" or "Sponsor") is the sponsor for Jiangsu Zhuosheng Microelectronics Co., Ltd. (hereinafter referred to as "Zhuosheng Micro" or "Company") during the ongoing supervision phase of the 2025 A-share issuance project to specific targets. In accordance with relevant laws, regulations, and normative documents, including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," the "Shenzhen Stock Exchange GEM Listing Rules," and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of GEM Listed Companies," CICC has conducted a verification of Zhuosheng Micro's use of its own funds, letters of credit, and bank acceptance bills to pay for the required funds for investment projects and the subsequent replacement with raised funds. The specific verification details are as follows:
1. Basic Situation of Raised Funds
According to the China Securities Regulatory Commission's (hereinafter referred to as "CSRC") "Approval for Jiangsu Zhuosheng Microelectronics Co., Ltd. to Issue Stocks to Specific Targets" (Zheng Jian Xu Ke [2025] No. 2905), the company issued 40,043,788 shares of ordinary shares (A-shares) at a price of RMB 86.78 per share, raising a total of RMB 3,474,999,922.64. After deducting various issuance costs (excluding VAT) of RMB 12,638,972.63, the actual net amount raised is RMB 3,462,360,950.01. The raised funds have all been received, and this has been verified by Lixin Certified Public Accountants (Special General Partnership) on April 17, 2026, with the verification report number XH [2026] No. ZA11702. The company has managed the raised funds in a dedicated account as required and signed a supervision agreement for the dedicated account with the sponsor and the supervising bank.
According to the "Prospectus for Jiangsu Zhuosheng Microelectronics Co., Ltd. 2025 A-share Issuance," the raised funds, after deducting issuance costs, are intended for the following projects:
| Project Name | Total Investment (10,000 RMB) | Funds to be Invested (10,000 RMB) |
|---|---|---|
| RF Chip Manufacturing Expansion | 418,243.26 | 300,000.00 |
| Supplementing Working Capital | 47,500.00 | 47,500.00 |
| Total | 465,743.26 | 347,500.00 |