Guosen Securities Co., Ltd.
Audit Opinion on Ningbo Hengshuai Co., Ltd.'s Use of Idle Own Funds for Cash Management
According to the "Administrative Measures for Securities Issuance and Listing Business" and the "Shenzhen Stock Exchange GEM Stock Listing Rules" and "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 2 - Norms for the Operation of GEM Listed Companies," etc., as the sponsor institution for the continuous supervision of Ningbo Hengshuai Co., Ltd. (hereinafter referred to as "Hengshuai Shares" or "the Company"), Guosen Securities Co., Ltd. (hereinafter referred to as "Guosen Securities" or "the Sponsor Institution") has conducted a serious and prudent review of Hengshuai Shares' use of idle own funds for cash management. The details of the review are as follows:
I. Basic Situation of the Current Use of Idle Own Funds for Cash Management
(I) Investment Purpose To improve the efficiency of the company's fund utilization, reasonably utilize idle funds, and increase the company's income by managing cash with idle own funds, without affecting the company's normal business operations.
(II) Investment Varieties The company plans to use idle own funds to purchase investment products with relatively high safety, good liquidity, and low-to-medium risk or stable characteristics (including but not limited to structured deposits, wealth management products, and central government bond repurchase agreements, etc.).
(III) Investment Amount and Duration The company plans to use no more than RMB 850 million of idle own funds for cash management. The duration is valid for 12 months from the date of approval by the company's general meeting of shareholders. Within the aforementioned amount and duration, it can be used in a revolving manner.
(IV) Implementation Method Within the scope of the amount and duration, the company authorizes the management to sign relevant contract documents, and the company's finance department is responsible for organizing the implementation.