Dongwu Securities Co., Ltd.
Audit Opinion on the Postponement of Some Fund Investment Projects of Longyan Electronics (Kunshan) Co., Ltd.
As the sponsor institution (hereinafter referred to as "Dongwu Securities") of Longyan Electronics (Kunshan) Co., Ltd. (hereinafter referred to as "Longyan Electronics" or "the Company") for its initial public offering of stocks 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 "ChiNext Listed Company Self-Regulatory Management Guide No. 2 - Standardized Operation of ChiNext Listed Companies," the "Supervision Rules for Raised Funds of Listed Companies," and the "Sponsorship Business Management Guide No. 13 of the Shenzhen Stock Exchange," and other relevant laws and regulations, Dongwu Securities has audited the postponement of some of the Company's fund investment projects. The details of the audit are as follows:
I. Basic Situation of Raised Funds
Upon the registration approval from the China Securities Regulatory Commission's "Approval on the Registration of the Initial Public Offering of Stocks of Longyan Electronics (Kunshan) Co., Ltd." (Securities Regulatory License [2022] No. 1399), the Company publicly issued 70,875,000 ordinary shares of RMB, raising a total of RMB 1,594,687,500.00. After deducting issuance-related fees totaling RMB 122,907,394.35, the net amount of raised funds is RMB 1,471,780,105.65.
The above fund receipt situation has been verified by the "Capital Verification Report" (Rongcheng Verification [2022] No. 23020287) issued by Rongcheng Certified Public Accountants (Special General Partnership). The Company has managed the raised funds through special deposit accounts and has signed a tripartite (quadripartite) supervision agreement with the special deposit banks and the sponsor institution.
II. Situation of Raised Fund Investment Projects
According to the "Prospectus for the Initial Public Offering of Stocks of Longyan Electronics (Kunshan) Co., Ltd. on the ChiNext Market," the raised funds from the Company's initial public offering, after deducting issuance expenses, will be invested in the following projects. As of December 31, 2025, the Company's plan and actual use of raised funds from the initial public offering are as follows:
| Project No. | Raised Project | Planned Raised Fund Amount | Accumulated Raised Fund Amount | Investment Progress | Planned Completion Date | Remarks |
|---|---|---|---|---|---|---|
| 1 | Fuyang Electronics Electromagnetic Shielding and Other Related Material Production Project | 23,019.15 | 4,472.47 | Not applicable | Not applicable | Terminated |
| 2 | Electromagnetic Shielding and Related Material Expansion Project | 8,078.94 | 1,351.58 | Not applicable | Not applicable | Terminated |
| 3 | R&D Center Project | 6,133.77 | 1,990.68 | 32.45% | April 30, 2026 | |
| Total | 37,231.86 | 7,814.73 |
Note: The above data has been audited.
(I) Changes and Termination of Original Raised Fund Investment Projects