Verification Opinion of ShenGang Securities Co., Ltd. on Jiangsu Boyun Plastic Industry Co., Ltd.'s Cash Management Using Idle Raised Funds
ShenGang Securities Co., Ltd. (hereinafter referred to as "ShenGang Securities" or "Sponsor") is the sponsor for Jiangsu Boyun Plastic Industry Co., Ltd. (hereinafter referred to as "Jiangsu Boyun" or "Company") for its initial public offering (IPO) and listing on the Growth Enterprise Market. In accordance with relevant regulations including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," and "Regulations on the Supervision of Raised Funds by Listed Companies," ShenGang Securities conducted a prudent review of Jiangsu Boyun's use of idle raised funds for cash management and issued the following verification opinion:
1. Basic Situation of Raised Funds
According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2021] No. 1501) for Jiangsu Boyun's IPO registration, the company issued 14,566,667 ordinary shares with a par value of RMB 1.00 per share at an issuance price of RMB 55.88 per share, raising a total of RMB 813,985,351.96. After deducting underwriting fees and other issuance costs (excluding deductible VAT input tax), the net amount raised is RMB 720,841,927.22. The raised funds have been verified by Tianheng Accounting Firm (Special General Partnership), which issued verification report Tianheng Yan Zi (2021) No. 00058. The company manages the raised funds in a dedicated account and has signed a tripartite supervision agreement with the sponsor and the bank where the raised funds account is held.
2. Signing of the Tripartite Supervision Agreement and Opening of the Dedicated Account
To standardize the management and use of raised funds and protect investors' rights, the company, in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies—Standardized Operations of Growth Enterprise Market Listed Companies," and the company's "Management System for Raised Funds," has jointly signed a "Tripartite Supervision Agreement for Raised Funds" with the sponsor and commercial bank, and has opened dedicated accounts for the raised funds.