Guangfa Securities Co., Ltd.
Audit Opinion on the Termination of Concerted Action Relationship of Controlling Shareholder and Actual Controller of Zhejiang Jinwo Precision Technology Co., Ltd. and the Resignation of Part of the Shareholders and the Resignation of Controlling Shareholder and Actual Controller
As the sponsor of Zhejiang Jinwo Precision Technology Co., Ltd. ("Jinwo Precision" or "the Company") for its 2025 targeted issuance of A-shares, Guangfa Securities Co., Ltd. ("Guangfa Securities" or "the Sponsor") has conducted a prudent review of the termination of the concerted action relationship of the Company's controlling shareholder and actual controller and the resignation of part of the shareholders and the resignation of the controlling shareholder and actual controller, in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 13 - Sponsorship Business," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and other relevant regulations. The situation is as follows:
I. Signing and Performance of the Original "Concerted Action Agreement"
Zheng Liacheng, Yang Wei, Zhao Guoquan, Zheng Xiaojun, and Ye Jianyang jointly signed the "Concerted Action Agreement" in October 2018, stipulating that the parties and their controlled companies would maintain full consistency in exercising their proposal rights to the Company's board of directors/shareholders' meeting and their voting rights at relevant board/shareholders' meetings. After the original agreement expired, the parties voluntarily continued to maintain the concerted action relationship as defined in the original agreement, and signed the "Concerted Action Agreement" on June 17, 2024, and June 17, 2025, respectively.
According to the provisions of the original "Concerted Action Agreement," before any party proposes to the Company's board of directors/shareholders' meeting, or before the board of directors/shareholders' meeting votes on relevant matters, the parties shall conduct full communication and negotiation on the relevant proposals or voting matters, reach a consensus, and exercise their proposal rights or voting rights according to the consensus.
During the validity period of the original "Concerted Action Agreement," the aforementioned shareholders strictly fulfilled the relevant concerted action provisions, and there were no violations of laws, regulations, or the agreement, nor were there any violations of the commitments made by the Company in its initial public offering and listing and subsequent information disclosure.
II. Termination of the Original "Concerted Action Agreement" and Signing of the New "Concerted Action Agreement"
- Termination of the Original "Concerted Action Agreement"
Given that Zheng Xiaojun no longer holds a director position in the Company and has withdrawn from the Company's actual management and operations, making it difficult to continue to fulfill the responsibilities of a concerted action party in major decision-making, in order to adapt to changes and improve the Company's decision-making efficiency, Zheng Liacheng, Yang Wei, Zhao Guoquan, Zheng Xiaojun, and Ye Jianyang, through negotiation and consensus, agreed that Zheng Xiaojun would withdraw from the concerted action relationship from the expiration date of the "Concerted Action Agreement."
- Signing of the New "Concerted Action Agreement"
Zheng Liacheng, Yang Wei, Zhao Guoquan, and Ye Jianyang signed a new "Concerted Action Agreement" on June 17, 2026. The main contents of the agreement are as follows:
As of the signing of this agreement, Zheng Liacheng, Yang Wei, Zhao Guoquan, and Ye Jianyang directly hold 16,079,112 shares, 12,633,587 shares, 12,059,334 shares, and 5,742,540 shares of Jinwo Precision, respectively. Quzhou Chengwei Enterprise Management Co., Ltd. (Zheng Liacheng holds 56% and Yang Wei holds 44%) holds 2,103,494 shares of Jinwo Precision. Quzhou Tongwo Investment Management Partnership (Limited Partnership) (Zheng Liacheng holds a 14.04% partnership interest and serves as the general partner) holds 6,380,599 shares of Jinwo Precision.