Huatai United Securities Co., Ltd. Audit Report on Puning Testing Group Co., Ltd.'s Fundraising Project Investment Amount Adjustments and New Fundraising Projects and Implementing Entities
Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities" or "Sponsor") is the sponsor for Puning Testing Group Co., Ltd. (hereinafter referred to as "Puning Testing" or "the Company") in the continuous supervision phase of its private placement of shares. According to the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Regulations for Raised Funds of Listed Companies," "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 13 - Sponsorship Business," and other relevant laws and regulations, Huatai United Securities has audited the adjustments to Puning Testing's fundraising project investment amounts and the addition of new fundraising projects and implementing entities. The specific audit findings are as follows:
I. Overview of Changes to Fundraising Project Investments
(I) Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission's "Reply on the Registration of Puning Testing Group Co., Ltd.'s Private Placement of Shares" (Zheng Jian Xu Ke (2022) No. 210), Puning Testing planned to issue no more than 41,106,171 new shares to raise funds for the Puning Testing Group Shandong Headquarters Building and R&D Testing Center Project, the Puning Northwest Headquarters Building (Xi'an) Project, and the Working Capital Supplement Project. The Company actually issued 22,418,670.00 A shares at an issuance price of RMB 55.30 per share, raising a total of RMB 1,239,752,451.00. After deducting underwriting and issuance fees (including tax) of RMB 11,518,019.61, the actual amount received was RMB 1,228,234,431.39. The underwriting and issuance fees and other expenses for this private placement totaled RMB 11,908,483.18 (excluding VAT), and the net amount of raised funds was RMB 1,227,843,967.82. The receipt of these raised funds was verified by the "Capital Verification Report" (Xin Hui Shi Bao Zi [2022] No. ZG10297) issued by Lixin Certified Public Accountants (Special General Partnership) on March 23, 2022.
The Company and its subsidiaries implementing the fundraising projects have deposited the aforementioned raised funds into dedicated accounts for raised funds, and have signed supervision agreements for the raised funds with the Sponsor and the banks where the funds are deposited.
(II) Use and Storage of Raised Funds
As of May 31, 2026, the specific situation of the investment in fundraising projects is as follows: