Guotai Junan Securities Co., Ltd.
Regarding Changzhou Zhongying Technology Co., Ltd.'s Transaction on Industrial Policy and Transaction Type
Changzhou Zhongying Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") intends to acquire 51% of the equity of Changzhou Zhongying Electric Co., Ltd. (hereinafter referred to as the "Target Company" or "Zhongying Electric") held by Yu Biao, Yu Yingzhong, and Zhu Lijuan with cash (hereinafter referred to as the "Transaction").
In accordance with the "Supervision Rule Application Guidelines - Listed Companies No. 1" issued by the China Securities Regulatory Commission and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 8 - Major Asset Restructuring" issued by the Shenzhen Stock Exchange, and other normative documents, this independent financial advisor has reviewed the materials provided by all parties related to the Transaction and hereby issues this special verification opinion on the relevant matters.
I. Whether the Industry or Company Involved in the Transaction Belongs to the Categories Defined in "Supervision Rule Application Guidelines - Listed Companies No. 1" as "Automobile, Steel, Cement, Shipbuilding, Electrolytic Aluminum, Rare Earth, Electronic Information, Medicine, Agricultural Industrialization Leading Enterprises, High-end CNC Machine Tools and Robots, Aerospace Equipment, Marine Engineering Equipment and High-tech Ships, Advanced Rail Transit Equipment, Power Equipment, New Generation Information Technology, New Materials, Environmental Protection, New Energy, Biological Industry; Other Industries Requiring Accelerated Integration, Transformation and Upgrading as Required by the Central Committee of the Communist Party of China and the State Council."