CITIC Securities Co., Ltd.
Audit Opinion on Greebo (Jiangsu) Co., Ltd. and Subsidiaries' Bank Credit and Guarantee Applications
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") as the sponsor for Greebo (Jiangsu) Co., Ltd. (hereinafter referred to as "Greebo" or "the Company") for its initial public offering on the ChiNext market, in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "ChiNext Stock Listing Rules of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Norms for Operation of ChiNext Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 13 - Sponsorship Business," and other relevant laws, regulations, and normative documents, has audited Greebo and its subsidiaries' applications for comprehensive credit lines and guarantee matters, and hereby issues the following audit opinion:
I. Application for Comprehensive Credit Line
Based on the production, operation, development, and working capital needs of the Company and its subsidiaries, the Company and its subsidiaries intend to apply to banks for a comprehensive credit line not exceeding RMB 9 billion or its equivalent in foreign currency. The validity period of this comprehensive credit line application will be from the date of approval by the board of directors to the date of the board of directors' meeting that reviews the same matter in the following year. The credit line can be used in a revolving manner within the period. The types of credit and their uses include, but are not limited to, working capital loans, bank acceptance bills, commercial acceptance bill discounts, letters of credit, fund business, trade finance, guarantees, factoring, forfaiting, foreign exchange business, low-risk business, project loans, fixed asset loans, and other types of business. Specific partner banks, final credit line, and specific credit period and forms will be further negotiated with the relevant banks and will be subject to the officially signed agreements.
II. Provision of Guarantees
(I) Overview of Guarantees