Verification Opinion
Guolian Minsheng Securities Co., Ltd. (hereinafter referred to as "Guolian Minsheng" or "the Sponsor") is the sponsor for Ningbo Zhenyu Technology Co., Ltd. (hereinafter referred to as "Zhenyu Technology" or "the Company"). In accordance with the "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for Listed Companies - Standardized Operations of GEM Listed Companies" and "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 1 for GEM Listed Companies - Business Handling," the Sponsor conducted a prudent verification of Zhenyu Technology's securities and derivatives investments for 2025 and issues the following verification opinion:
1. Approval of Securities and Derivatives Investment
On February 20, 2025, the Company held the third meeting of the fifth board of directors, and on March 10, 2025, it held the first extraordinary general meeting of shareholders for 2025, where it approved the proposal for conducting commodity futures options hedging business for 2025. The Company and its wholly-owned subsidiaries are authorized to continue the commodity futures options hedging business in 2025, with a maximum limit for the margin/premium used in the hedging business not exceeding 300 million RMB (including this amount) at any point during the authorization period. The validity period is effective for 12 months from the date of approval at the first extraordinary general meeting of shareholders for 2025. Within the above limits and time frame, funds can be recycled. If the duration of a single transaction exceeds the authorization period, the authorization period will automatically extend until the transaction is terminated, but the transaction amount will be included in the next approval validity period. For specific details, please refer to the announcement titled "Announcement on Conducting Commodity Futures Options Hedging Business for 2025" disclosed by the Company on February 21, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2025-013).
2. Specifics of the Commodity Futures Options Hedging Business for 2025
In 2025, the Company and its wholly-owned subsidiaries did not actually conduct any commodity futures options hedging business, nor did they engage in other securities and derivatives investments, with no balances at the beginning or end of the period.