Verification Opinion of CITIC Securities Co., Ltd. on the Fundraising Storage and Usage of Beijing Zuojing Technology Co., Ltd. for 2023
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "the Sponsor") is the sponsor for the initial public offering of Beijing Zuojing Technology Co., Ltd. (hereinafter referred to as "Zuojing Technology" or "the Company") and its listing on the ChiNext board. According to the relevant regulations including the "Regulatory Guidelines No. 2 for Listed Companies - Regulatory Requirements for the Management and Use of Fundraising" and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standard Operations for ChiNext Listed Companies," CITIC Securities conducted a verification of Zuojing Technology's fundraising storage and usage for 2023. The specific situation and verification opinions are as follows:
1. Basic Situation of Fundraising
(1) Actual Amount Raised and Timing of Fund Arrival
Zuojing Technology was approved by the China Securities Regulatory Commission in the "Approval of the Initial Public Offering of Beijing Zuojing Technology Co., Ltd." (Zheng Jian Xu Ke [2019] No. 1855). The lead underwriter, CITIC Securities, issued a total of 17,000,000 shares of ordinary shares (A shares) to the public investors at a price of RMB 21.48 per share. As of October 23, 2019, the Company had publicly issued 17,000,000 shares, raising a total of RMB 365,160,000. After deducting underwriting and sponsorship fees of RMB 32,000,000 (including tax), the net amount raised was RMB 333,160,000, which was deposited by CITIC Securities on October 23, 2019, into the Company's RMB accounts at Beijing Bank Co., Ltd. Zhongguancun Haidian Branch, Industrial and Commercial Bank of China Beijing Haidian West District Branch, and Huaxia Bank Co., Ltd. Beijing Chang'an Branch. The total amount raised was RMB 365,160,000, and after deducting various issuance expenses (excluding tax) of RMB 46,007,323.84, the actual net amount raised was RMB 319,152,676.16.
(2) Usage and Surplus of Fundraising in 2023
In 2023, the Company actually used RMB 1,084,593.83 of the raised funds, and the net amount of bank deposit interest and financial management income received, after deducting bank fees, was RMB 9,701.18. The fundraising for the "Zuojing Technology Chengdu R&D Manufacturing Center Project" was fully utilized by April 2023, and the fundraising special account was no longer in use. The cancellation procedures for this fundraising special account were completed on April 13, 2023, and the surplus funds of RMB 1,857,418.79 (accumulated interest income) generated before the cancellation were transferred to the self-owned funds account for permanent replenishment of working capital. The "Four-Party Supervision Agreement" with Chengdu Beishang Technology Co., Ltd. (hereinafter referred to as "Beishang Technology"), the sponsor CITIC Securities, and Huaxia Bank Co., Ltd. was accordingly terminated. As of December 31, 2023, all fundraising special accounts had been closed, and there were no remaining funds.