CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "the Sponsor") has conducted a prudent review of the housing lease and property management contracts and related transactions involving Shenzhen DAZU CNC Technology Co., Ltd. (hereinafter referred to as "DAZU CNC" or "the Company") and its subsidiaries, in accordance with relevant laws, regulations, and normative documents.
1. Overview of Related Transactions
Due to business development and operational needs, Shenzhen DAZU CNC Technology Co., Ltd. and its controlling subsidiaries, Shenzhen Maxsun Electronics Co., Ltd. (hereinafter referred to as "Maxsun Electronics") and Shenzhen Shengyu Intelligent Technology Co., Ltd. (hereinafter referred to as "Shengyu Intelligent"), have signed housing lease contracts with the Company's controlling shareholder, DAZU Laser Technology Industry Group Co., Ltd. (hereinafter referred to as "DAZU Laser" or "the Parent Company"). They are leasing parts of the premises located at No. 12 Chongqing Road, Fuhai Street, Bao'an District, Shenzhen, including parts of the DAZU Laser Intelligent Manufacturing Center buildings and dormitories, for production, office, and employee accommodation purposes. Additionally, the Company and the aforementioned subsidiaries have signed a property management service agreement with Shenzhen DAZU Property Management Co., Ltd. (hereinafter referred to as "DAZU Property") and will regularly pay rent and property management fees to DAZU Laser and DAZU Property as stipulated in the contracts and agreements. DAZU Laser is the controlling shareholder of the Company, and DAZU Property is a wholly-owned subsidiary of DAZU Holding Group Co., Ltd., the controlling shareholder of DAZU Laser. According to the relevant provisions of the Shenzhen Stock Exchange's GEM Listing Rules and the Company's Articles of Association, DAZU Laser and DAZU Property are related legal entities of the Company, and the aforementioned transactions constitute related transactions.
On March 30, 2026, the Company held the 21st meeting of the second board of directors, which reviewed and approved the proposal on the housing lease and property management contracts and related transactions of the Company and its subsidiaries. Related directors Zhang Jianqun, Zhou Huiqiang, and Du Yonggang abstained from voting. Prior to the board's review, the proposal had been approved by a special meeting of independent directors. According to the relevant provisions of the Shenzhen Stock Exchange's GEM Listing Rules and the Articles of Association of Shenzhen DAZU CNC Technology Co., Ltd., this related transaction is within the board's approval authority and does not require submission to the shareholders' meeting for review. This related transaction does not constitute a major asset reorganization as defined by the Measures for the Administration of Major Asset Restructuring of Listed Companies and does not require approval from relevant authorities.