CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Construction Investment" or "Sponsor") is the sponsor for Hunan YN New Energy Battery Materials Co., Ltd. (hereinafter referred to as "Hunan YN" or "Company") in its issuance of shares to specific targets. In accordance with relevant regulations, CITIC Construction Investment has conducted a prudent review of Hunan YN's use of bank acceptance bills, electronic debt certificates, and other methods to pay for the funds required for fundraising investment projects and to replace them with equivalent fundraising amounts. The verification opinions are as follows:
- Basic Situation of Fundraising According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2026] No. 81), the Company issued 82,537,493 shares of ordinary RMB common stock (A shares) at a par value of RMB 1 per share and an issuance price of RMB 58.01 per share, raising a total of RMB 4,787,999,968.93. After deducting issuance expenses (excluding tax) of RMB 55,810,265.08, the net amount raised is RMB 4,732,189,703.85. The raised funds were transferred to the Company's designated account on March 16, 2026. The arrival of the raised funds has been verified by Tianjian Accounting Firm (Special General Partnership), which issued a "Verification Report" (Tianjian Yan [2026] No. 2-5). The Company and its subsidiaries, Guizhou YN New Energy Battery Materials Co., Ltd. and Yunnan YN New Energy Battery Materials Co., Ltd., have stored the raised funds in a dedicated account and signed a "Tripartite Supervision Agreement on Fundraising" with the Sponsor and the bank holding the raised funds.