CITIC Securities Co., Ltd. on the Issuance of Convertible Corporate Bonds by Jinsanjiang (Zhaoqing) Silicon Material Co., Ltd. (Draft for Meeting)

Statement

CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities," "the Company," or "the Sponsor") and its sponsoring representatives issue this sponsorship letter in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Registration of Securities Issuance by Listed Companies, and other relevant laws, regulations, and the provisions of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. The Sponsor guarantees the authenticity, accuracy, and completeness of the documents provided. If any false records, misleading statements, or significant omissions in the documents prepared by the Sponsor cause direct economic losses to investors, the Sponsor will compensate the investors according to the law.

Table of Contents

1. Statement ........................................................................................................... 1
2. Table of Contents ............................................................................................. 2
3. Definitions ......................................................................................................... 3
4. Basic Information on the Securities Issuance .................................................. 4
   1. Name of the Sponsor .................................................................................. 4
   2. Designated Sponsoring Representatives and Project Team Members .......... 4
   3. Basic Information of the Issuer ................................................................ 4
   4. Relationship between the Sponsor and the Issuer ..................................... 5
   5. Internal Review Procedures and Opinions of the Sponsor ........................ 6
5. Commitments of the Sponsor .......................................................................... 8
6. Recommendations of the Sponsor on the Securities Issuance ....................... 9
   1. Conclusion of the Recommendation .......................................................... 9
   2. Legal Decision-Making Procedures Followed ........................................... 9
   3. Compliance with Relevant Legal Provisions ........................................... 10
   4. Major Risk Warnings for the Issuer ....................................................... 20
   5. Review Opinions on the Impact of the Issuance on Immediate Returns .... 28
   6. Evaluation of the Issuer's Development Prospects .................................. 28
   7. Review of the Sponsor's Engagement of Third Parties ............................ 29
7. Special Authorization Letter for Sponsoring Representatives ....................... 37

Definitions

In this sponsorship letter, unless otherwise specified, the definitions of relevant terms are consistent with those in the "Prospectus for the Issuance of Convertible Corporate Bonds by Jinsanjiang (Zhaoqing) Silicon Material Co., Ltd. to Unspecified Objects (Draft)."