300932SZSE

Special Verification Opinion of Xinda Securities Co., Ltd. on the Use of Raised Funds by Sanyou Lianzhong Group Co., Ltd. for 2025

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This announcement presents the special verification opinion by Xinda Securities regarding the management and use of raised funds by Sanyou Lianzhong for 2025. The total amount raised was RMB 77.77 million, with a net amount of RMB 70.48 million after expenses. The funds were used for various projects, and any surplus was permanently allocated to working capital. No significant issues were found in the fund management or disclosures.

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Special Verification Opinion

Xinda Securities Co., Ltd. (hereinafter referred to as "Xinda Securities" or "the Sponsor") has conducted a prudent verification of the management and use of raised funds by Sanyou Lianzhong Group Co., Ltd. (hereinafter referred to as "Sanyou Lianzhong" or "the Issuer") for the year 2025, in accordance with relevant regulations.

1. Basic Situation of Raised Funds

(1) Actual Amount Raised and Receipt Time

With the approval of the China Securities Regulatory Commission regarding the registration of Sanyou Lianzhong's initial public offering (Approval No. [2020] 3328), the Issuer issued 31.5 million shares of RMB ordinary shares (A shares) at a price of RMB 24.69 per share, raising a total of RMB 77.77 million. After deducting related issuance expenses of RMB 7.30 million (excluding tax), the actual net amount raised was RMB 70.48 million. The net amount was transferred to the Issuer's designated account by the lead underwriter, Xinda Securities, on January 19, 2021. This transfer was verified by Tianjian Accounting Firm (Special General Partnership), which issued the "Verification Report No. Tianjian [2021] 7-5" on January 19, 2021.

(2) Use and Balance of Raised Funds

As of December 31, 2025, all special accounts for the raised funds have been canceled. The actual use of the raised funds for 2025 is as follows:

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