Guosen Securities Co., Ltd. on the Issuance of Stocks by Shenzhen Urban Transport Technology Group Co., Ltd.

Sponsorship Institution Statement

The sponsorship institution and the two designated representatives are based on the "Company Law" (hereinafter referred to as "Company Law"), "Securities Law" (hereinafter referred to as "Securities Law"), "Measures for the Administration of Registration of Securities Issuance" (hereinafter referred to as "Registration Management Measures"), and the relevant regulations of the China Securities Regulatory Commission (hereinafter referred to as "CSRC").

Table of Contents

1. Basic Situation of This Stock Issuance
   1.1. Situation of the Sponsor
   1.2. Project Coordinators and Other Project Team Members
   1.3. Basic Situation of the Issuer
   1.4. Relationship Between the Issuer and the Sponsor
   1.5. Opinions of the Sponsorship Institution on the Internal Review Process and Core Opinions

2. Sponsorship Commitment

3. Recommendations on This Stock Issuance
   3.1. Summary of Recommendations on This Stock Issuance
   3.2. This Issuance is Subject to the Fast Track Process
   3.3. This Issuance is Subject to the "Company Law" Regulations on Issuance Conditions
   3.4. This Issuance is Subject to the "Securities Law" Regulations on Issuance Conditions
   3.5. This Issuance is Subject to the "Registration Management Measures" Related Provisions
   3.6. This Issuance is Subject to the Relevant Provisions of the "CSRC"
   3.7. This Issuance Complies with the Relevant Provisions of the "CSRC"
   3.8. The Issuer's Application or Direct Application for Listing