CITIC Securities Co., Ltd.
Report on the Audit of Shenzhen DJI Technology Co., Ltd.'s 2025 A-Share Raised Funds' Storage and Use
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor"), as the sponsor for Shenzhen DJI Technology Co., Ltd. (hereinafter referred to as "DJI Technology" or "the Company") in its initial public offering of shares on the ChiNext market, in accordance with the "Administrative Measures for the Sponsorship Business of Securities Issuance and Listing," the "ChiNext Market Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Norms for the Operation of ChiNext Listed Companies," the "Supervision Rules for the Management of Raised Funds by Listed Companies," and other relevant laws, regulations, and normative documents, has prudently audited the storage, management, and use of DJI Technology's A-share raised funds. The audit opinion is as follows:
I. Basic Situation of A-Share Raised Funds
(I) Amount of Raised Funds and Timing of Receipt
As approved by the China Securities Regulatory Commission's "Approval on the Registration of the Initial Public Offering of Shares of Shenzhen DJI Technology Co., Ltd." (Securities Regulatory License [2021] No. 4134), the Company publicly issued 42 million ordinary shares (A-shares) in February 2022, with an issue price of RMB 76.56 per share. The total amount of raised funds was RMB 3,215.52 million. After deducting issuance expenses of RMB 133.7417 million, the actual amount of raised funds was RMB 3,081.7783 million. These raised funds were received on February 22, 2022. The receipt of these funds was verified by the "Capital Verification Report" (Rongcheng Audit Special Word [2022] No. 518Z0010) issued by Rongcheng Certified Public Accountants (Special General Partnership). The Company has implemented a special account deposit management system for the raised funds.
(II) Use and Balance of Raised Funds
As of December 31, 2025, the Company's use and balance of raised funds are as follows:
| Project | Amount (RMB) |
|---|---|
| Total Raised Funds | 3,215,520,000.00 |
| Less: Issuance Costs | 133,741,703.26 |
| Net Raised Funds | 3,081,778,296.74 |
| Project | Amount (RMB) |
|---|---|
| Less: Direct Investment in Raised Fund Projects (Note 1) | 1,266,627,329.95 |
| Less: For Temporary Supplement of Working Capital (Note 2) | 440,000,000.00 |
| Less: For Permanent Supplement of Working Capital (Note 3) | 1,396,918,327.99 |
| Plus: Net Interest Income after Fees | 60,340,738.60 |
| Balance of Raised Funds in Special Accounts as of December 31, 2025 (Note 4) | 38,573,377.40 |
Note 1: Direct investment in raised fund projects includes RMB 386,641,785.86 of self-raised funds already invested in raised fund projects that were replaced by raised funds.
Note 2: The Company's second board of directors' twelfth meeting and the second supervisory board's ninth meeting deliberated and approved the "Proposal on the Company's Use of Part of Idle Raised Funds to Temporarily Supplement Working Capital." As of December 31, 2025, RMB 750 million of idle raised funds were transferred from the raised funds account to temporarily supplement working capital, with RMB 440 million not yet repaid. As of March 17, 2026, the Company had fully repaid the RMB 750 million used for temporary working capital supplementation to the raised funds special account.