Verification Opinion of Changcheng Securities on Zhejiang Benli Technology's Change of Partial Fundraising Use and Adjustment of Total Investment and Delay of Some Funded Projects
Changcheng Securities Co., Ltd. (hereinafter referred to as "Changcheng Securities" or "the Sponsor") is the sponsor for the initial public offering of Zhejiang Benli Technology Co., Ltd. (hereinafter referred to as "Benli Technology" or "the Company") and its listing on the Growth Enterprise Market. In accordance with the relevant regulations including the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Regulations on the Supervision of Fundraising by Listed Companies," and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," Changcheng Securities has conducted a verification of the Company's proposed changes in the use of part of the raised funds, adjustments to the total investment, and delays in certain funded projects. The specific circumstances of the verification are as follows:
1. Basic Situation of Fundraising
According to the China Securities Regulatory Commission's approval document (Zheng Jian Xu Ke [2021] No. 2601), the Company was authorized to publicly issue 17,680,000 shares of ordinary shares (A shares) with a par value of RMB 1 per share at an issue price of RMB 42.50 per share, raising a total of RMB 751,400,000.00. After deducting total issuance expenses of RMB 68,144,762.18 (excluding VAT), the actual net amount raised was RMB 683,255,237.82. Lixin Certified Public Accountants (Special General Partnership) verified the funds raised on September 8, 2021, and issued the "Verification Report of Zhejiang Benli Technology Co., Ltd." (Xinhui Shi Bao Zi [2021] No. ZF10873). The Company has adopted a special account storage system for the raised funds and signed a "Tripartite Supervision Agreement on Fundraising" with the sponsor and the commercial bank holding the raised funds.