Special Verification Report on the Storage, Management, and Use of Funds Raised by Hangzhou Guangli Microelectronics Co., Ltd. for 2025
China International Capital Corporation Limited (hereinafter referred to as "CICC" or "the Sponsor") has conducted a special verification of the storage, management, and use of funds raised by Hangzhou Guangli Microelectronics Co., Ltd. (hereinafter referred to as "Guangli Micro" or "the Company") for 2025, in accordance with relevant laws and regulations including the "Regulations on the Management of Sponsorship for Securities Issuance and Listing," "Shenzhen Stock Exchange GEM Listing Rules," and other applicable guidelines.
1. Basic Information on the Raised Funds
(1) Actual Amount Raised and Timing of Fund Arrival
With the approval of the China Securities Regulatory Commission regarding the registration of Hangzhou Guangli Microelectronics Co., Ltd.'s initial public offering (Approval No. [2022] 845), the Company issued 50 million shares of RMB ordinary shares (A shares) at a price of RMB 58.00 per share, raising a total of RMB 290 million. After deducting issuance expenses of RMB 21.62 million (excluding VAT), the net amount raised was RMB 268.38 million. The funds were transferred to the Company's designated account on August 1, 2022, and Tianjian Accounting Firm (Special General Partnership) verified the arrival of the funds, issuing a "Verification Report" (Tianjian Verification No. [2022] 392).
(2) Fund Utilization Status as of December 31, 2025
As of December 31, 2025, the Company had cumulatively utilized RMB 217.71 million for investment projects (including amounts replaced from self-funded investments); RMB 12 million was used to supplement liquidity, RMB 100 million of over-raised funds was used to supplement liquidity, and RMB 13.97 million was used for share repurchase. The remaining balance of the raised funds was RMB 64.38 million (including interest income and cash management returns), detailed as follows:
| Item | Amount (RMB 10,000) |
|---|---|
| Total raised funds | 290,000.00 |
| Less: Underwriting and sponsorship fees | 19,100.00 |
| Less: Issuance expenses | 2,061.32 |
| Less: Replacement of self-funded issuance expenses | 458.34 |
| Net amount raised | 268,380.34 |
| Less: Supplement liquidity funds | 12,000.00 |
| Less: Over-raised funds for liquidity | 100,000.00 |
| Less: Replacement of self-funded investments | 5,044.37 |
| Less: Payments for investment projects | 86,698.26 |
| Less: Share repurchase | 13,967.02 |
| Less: Handling fees | 0.39 |
| Plus: Interest income and cash management returns | 13,707.68 |
| Balance | 64,377.98 |