CITIC Securities Co., Ltd.
Regarding Guangdong Dingtai High-Tech Co., Ltd.'s Adjustment of Raised Funds Investment Project Amounts, Use of Excess Raised Funds for Increased Investment, and Addition of Project Implementation Locations Audit Opinion
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") as the sponsor and continuous supervision institution for Guangdong Dingtai High-Tech Co., Ltd. (hereinafter referred to as "Dingtai High-Tech" or "the Company") for its initial public offering and listing on the ChiNext market, based on the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "ChiNext Market Stock Listing Rules," the "ChiNext Market Listed Company Self-Regulation Guidelines No. 2 - Standardized Operation of ChiNext Listed Companies," and the "Supervision Guidelines for Listed Companies - Management and Use of Raised Funds" and other relevant regulations, has fulfilled its continuous supervision responsibilities. The company has conducted a prudent review of Dingtai High-Tech's matter of adjusting the investment amounts of some raised funds investment projects, using excess raised funds to increase investment, and adding implementation locations for raised funds investment projects. The details are as follows:
I. Basic情况 of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Guangdong Dingtai High-Tech Co., Ltd.'s Initial Public Offering of Shares" (Zhengjian Xu Ke [2022] No. 1972), the Company issued 50 million shares of RMB ordinary shares at a par value of RMB 1.00 per share and an issuance price of RMB 22.88 per share. The total amount of capital raised by the Company was RMB 1,144,000,000.00. After deducting issuance expenses (excluding tax) of RMB 97,525,972.55, the net amount of capital raised was RMB 1,046,474,027.45. The aforementioned raised funds were received on November 15, 2022. Tianzhi International Certified Public Accountants (Special General Partnership) audited the arrival of the raised funds for this issuance on November 15, 2022, and issued the "Capital Verification Report of Guangdong Dingtai High-Tech Co., Ltd." (Tian Zhi Zi [2022] No. 44312). The Company has established a special account for the deposit and use of raised funds and has signed a "Tripartite Supervision Agreement for Raised Funds" with the sponsor and the bank where the raised funds are deposited.
II. Basic情况 of Raised Funds Investment Projects
The initial public offering of shares and the plan for the use of raised funds disclosed in the Company's "Prospectus for Initial Public Offering of Shares and Listing on the ChiNext Market" are as follows:
| No. | Project Name | Total Project Investment (RMB 10,000) | Planned Raised Funds Investment (RMB 10,000) | Cumulative Investment by End of 2025 (RMB 10,000) | Investment Progress by End of 2025 | Planned Completion Date |
|---|---|---|---|---|---|---|
| 1 | PCB Micro-Drill Production Base Construction Project | 43,052.22 | 43,052.22 | 22,242.18 | 51.66% | November 2026 |
| 2 | Precision Tool Product Expansion Project | 36,623.14 | 36,623.14 | 24,280.86 | 66.30% | November 2026 |
| 3 | Working Capital Supplement and Bank Loan Repayment Project | 10,000.00 | 10,000.00 | 10,003.15 | 100.03% | -- |
| Total Planned Investment Projects | 89,675.36 | 89,675.36 | 56,526.19 | -- | -- |
The total amount of excess raised funds is RMB 14,972.04 million. By December 31, 2025, RMB 12,600 million has been used for permanent working capital supplement, leaving a surplus of RMB 2,372.04 million.
The above projects are all centered around the Company's core business of PCB precision tools. The implementation entities are all the Company itself. The implementation locations are all in the eastern section of the intersection of Cuizhu Road and Zhuyuan Road, Houjie Town, Dongguan City, Guangdong Province (hereinafter referred to as "South China Headquarters Phase I," which is the self-owned factory building of the Company's wholly-owned subsidiary, Guangdong Dingtai Robotics Technology Co., Ltd.).