Shenzhen Stock Exchange
Stock Abbreviation: Xinhang New Materials
Stock Code: 301076
Reply to the Inquiry Letter Regarding Jiangsu Xinhang New Materials Co., Ltd.'s Application for Issuing Shares to Specific Objects
Sponsor (Lead Underwriter):
Guangdong Province, Shenzhen City, Futian District, Central Third Road No. 8, Excellence Times Square (Phase II), North Building 2026 June
1-1 Shenzhen Stock Exchange: We have received your inquiry letter dated May 14, 2026, titled "Inquiry Letter Regarding Jiangsu Xinhang New Materials Co., Ltd.'s Application for Issuing Shares to Specific Objects" (Inquiry Letter [2026] No. 020042) (hereinafter referred to as "Inquiry Letter"). Jiangsu Xinhang New Materials Co., Ltd. (hereinafter referred to as "Xinhang New Materials," "the issuer," or "the company") has conducted thorough discussions and verifications with CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities," "the sponsor," or "the underwriter"), Shanghai Jintiancheng Law Firm (hereinafter referred to as "the issuer's lawyer"), and Tianjian Accounting Firm (Special General Partnership) (hereinafter referred to as "the accountant") regarding the issues raised in the Inquiry Letter. We have systematically addressed the questions requiring written explanations and verifications from the issuer and relevant intermediaries, and we respectfully submit our responses based on the principles of diligence and integrity.
Note:
- Unless otherwise specified, the abbreviations or proprietary terms used in this reply report are consistent with those defined in the "Prospectus for Jiangsu Xinhang New Materials Co., Ltd.'s 2026 A-Share Issuance to Specific Objects (Draft)."
- In this reply report, the font styles represent the following meanings:
- Bold: Questions listed in the Inquiry Letter
- Regular: Responses to the Inquiry Letter questions and verification opinions from intermediaries
- Italics: Supplementary disclosures and modifications to the prospectus
1-2 Table of Contents
- Table of Contents............................................................................................................................ 2
- Question 1........................................................................................................................................... 3
- Question 2........................................................................................................................................... 99
1-3 Question 1: The funds raised from this issuance to specific objects will not exceed 1 billion yuan, of which funds will be allocated to the following projects:
- Project 1: Construction of a project with an annual production capacity of 8,100 tons of high-performance resins and composite materials.
- Project 2: Construction of a project with an annual production capacity of 5,000 tons of monomers.
- Project 3: Construction of an innovation center for high-performance composite materials.