Sponsorship Letter for Securities Issuance
Statement
China Galaxy Securities Co., Ltd. (hereinafter referred to as "the Sponsoring Institution" or "Galaxy Securities") accepts the entrustment of CATARC Automotive Proving Ground Co., Ltd. (hereinafter referred to as "CATARC" or "the Company" or "the Issuer") to act as its sponsoring institution for the issuance of convertible bonds to unspecified investors. The Sponsoring Institution and the sponsoring representatives have prepared this sponsorship letter in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Sponsorship of Securities Issuance and Listing, the Administrative Measures for the Registration of Securities Issuance by Listed Companies, the Listing Rules of the Shenzhen Stock Exchange, and other relevant laws, regulations, and provisions of the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange, ensuring that the documents issued are true, accurate, and complete. Unless otherwise specified in the text, the definitions of terms used in this sponsorship letter are consistent with those in the prospectus for the issuance of convertible bonds by CATARC to unspecified investors.