[Image: Company Logo]
Zhejiang Fengli Intelligent Technology Co., Ltd.
Issuance Report on Issuance of Shares to Specific Targets
Sponsor (Lead Underwriter): Guotai Haitong Securities Co., Ltd.
August 2026
Statement of the Issuer and All Directors and Senior Management
The Company and all directors and senior management have reviewed this issuance report and confirm that it contains no false records, misleading statements, or material omissions, and they assume corresponding legal liability for its truthfulness, accuracy, and completeness.
Signatures of all directors:
Wang Youli: [blank]
Huang Weihong: [blank]
Cheng Weina: [blank]
Xu Ke: [blank]
Yu Lingjuan: [blank]
Zhou Po: [blank]
Guo Chaohui: [blank]
Li Jianyang: [blank]
Ye Zhixiang: [blank]
Signatures of all senior management:
[Image: Company Seal]
Date: [blank]
Table of Contents
Definitions 5
Section I Basic Information of the Issuance 6
- Relevant Procedures for the Issuance 6
(1) Internal decision-making process for the issuance 6
(2) Regulatory registration process for the issuance 6
(3) Capital verification and fund arrival status 6
(4) Share registration status 7
- Basic Information of the Issuance 7
(1) Type of shares issued 7
(2) Par value per share 7
(3) Number of shares issued 7
(4) Issuance method 8
(5) Pricing method and issuance price 8
(6) Raised funds and issuance expenses 8
(7) Target subscribers 9
(8) Lock-up period 9
(9) Listing venue 10
(10) Subscription quotation and allocation status 10
- Introduction to Target Subscribers 16
(1) Target subscribers and subscription quantity 16
(2) Introduction to target subscribers 16
(3) Related party relationships between target subscribers and the Company 24
(4) Major transactions and future transaction arrangements between target subscribers and their related parties and the Company in the past year 24
(5) Filing status of private equity funds of target subscribers 25
- Relevant Institutions for the Issuance 26
(1) Sponsor (Lead Underwriter) 26
(2) Issuer's Counsel 26
(3) Auditor 27
(4) Capital Verification Institution 27
Section II Basic Information of the Company Before and After the Issuance 28
- Top 10 Shareholders Before and After the Issuance 28
(1) Top 10 shareholders before the issuance 28
(2) Top 10 shareholders after the issuance (illustrative) 29
- Impact of the Issuance on the Company 29
(1) Changes in shareholding structure 29
(2) Changes in asset structure 29
(3) Changes in business structure 30
(4) Changes in corporate governance 30
(5) Changes in the structure of directors, senior management, and research personnel 30
(6) Changes in related party transactions and horizontal competition 30
Section III Opinions of Intermediary Institutions on the Issuance 31
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Conclusions of the Sponsor on the Compliance of the Issuance Process and Target Subscribers 31
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Conclusions of the Issuer's Counsel on the Compliance of the Issuance Process and Target Subscribers 32
Section IV Statements of Intermediary Institutions 33
Sponsor (Lead Underwriter) Statement 33
Issuer's Counsel Statement 34
Auditor Statement 35
Capital Verification Institution Statement 36
Section V Reference Documents 38
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List of reference documents 38
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Location of reference documents 38