Verification Report on the Storage, Management, and Use of Raised Funds for 2025
To all shareholders of Shanghai Zhaomin New Materials Technology Co., Ltd.:
We have audited the attached special report on the storage, management, and use of raised funds for the year 2025 by Shanghai Zhaomin New Materials Technology Co., Ltd. (hereinafter referred to as "Zhaomin Technology" or "the Company").
1. Management's Responsibility
The management of Zhaomin Technology is responsible for preparing the special report on the storage, management, and use of raised funds in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" issued by the China Securities Regulatory Commission (CSRC), the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations for Growth Enterprise Market Listed Companies," and relevant announcement format requirements, ensuring that the content is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
2. Responsibility of the Certified Public Accountants
Our responsibility is to perform the verification in accordance with the "Standards on Other Assurance Services No. 3101 - Assurance Engagements Other than Audits or Reviews of Historical Financial Information." This standard requires us to plan and perform the verification work to obtain reasonable assurance that there are no material misstatements in the information subject to verification. During the verification process, we implemented necessary procedures, including checking accounting records. We believe that the evidence we obtained is sufficient and appropriate to provide a basis for our verification opinion.
3. Verification Conclusion
We believe that the special report on the storage, management, and use of raised funds by Zhaomin Technology has been prepared in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" issued by the CSRC, the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," and relevant announcement format requirements, and fairly reflects, in all material respects, the storage, management, and use of raised funds for the year 2025.
4. Limitation on the Use of the Report
This verification report is only for the purpose of disclosure in Zhaomin Technology's 2025 annual report and may not be used for any other purpose. We agree that this verification report will be an essential document for Zhaomin Technology's 2025 annual report, submitted along with other documents.
Special Report on the Storage, Management, and Use of Raised Funds for 2025
The board of directors of the Company and all directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions. In accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" issued by the CSRC, the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," and relevant announcement format requirements, we report the following on the storage, management, and use of raised funds for the year 2025:
1. Basic Information on Raised Funds
(1) Actual Amount of Raised Funds and Time of Receipt
According to the CSRC's approval of the registration for the initial public offering of shares by Shanghai Zhaomin New Materials Technology Co., Ltd. (Approval No. [2021] 1357), the Company publicly issued 13,333,500 ordinary shares (A shares) at a price of RMB 64.31 per share on the Shenzhen Stock Exchange in May 2021, raising a total of RMB 857,477,385.00. After deducting underwriting and advisory fees of RMB 55,581,160.38, the remaining amount was RMB 801,896,224.62. Additionally, after deducting intermediary fees and other issuance costs of RMB 19,660,070.49, the actual net amount raised was RMB 782,236,154.13. The funds were received on May 25, 2021, and this has been verified by Tianzhi International Accounting Firm (Special General Partnership), which issued Verification Report No. [2021] 30822 on May 25, 2021.