Verification Report on the Storage, Management, and Actual Use of Raised Funds for 2025
Junwei Electronics Technology Co., Ltd.
1. Verification Report on the Storage, Management, and Actual Use of Raised Funds
Ernst & Young Huaming (2026) Special Word No. 70052557_B03
To the Board of Directors of Junwei Electronics Technology Co., Ltd.:
We accept the commission to verify the attached special report on the storage, management, and actual use of raised funds by Junwei Electronics Technology Co., Ltd. for the year 2025 (the "Special Report on Raised Funds"). The responsibility of the Board of Directors of Junwei Electronics Technology Co., Ltd. is to prepare the Special Report on Raised Funds in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and relevant format guidelines, ensuring that its content is true, accurate, and complete, with no false records, misleading statements, or significant omissions. Our responsibility is to express an independent verification opinion on the Special Report on Raised Funds based on the execution of verification work. We conducted the verification in accordance with the provisions of "Chinese Certified Public Accountant Other Assurance Business Standard No. 3101 - Assurance Services Other than Audits or Reviews of Historical Financial Information." This standard requires us to plan and perform verification work to obtain reasonable assurance that the Special Report on Raised Funds is free from material misstatement. During the verification process, we implemented procedures including understanding, sampling, verification, and other procedures we deemed necessary. We believe that our verification work provides a reasonable basis for our opinion. We believe that the Special Report on Raised Funds by Junwei Electronics Technology Co., Ltd. has been prepared in all material respects in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and relevant format guidelines, and accurately reflects the storage, management, and actual use of raised funds for the year 2025. This report is for the disclosure of the 2025 annual report by Junwei Electronics Technology Co., Ltd. and is not applicable for other purposes.
A member firm of Ernst & Young Global Limited
2. Special Report on the Storage, Management, and Actual Use of Raised Funds for 2025
1. Basic Situation of Raised Funds
- Actual Amount of Raised Funds and Timing of Fund Arrival
With the approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the registration of the initial public offering of shares by Junwei Electronics Technology Co., Ltd. (CSRC Approval [2024] No. 1487), Junwei Electronics Technology Co., Ltd. (hereinafter referred to as "the Company") issued 66,666,700 shares of ordinary shares (A shares) with a par value of RMB 1.00 per share at an issue price of RMB 10.40 per share, raising a total of RMB 693,333,680.00. After deducting the issuance expenses excluding value-added tax of RMB 73,880,354.80, the actual net amount raised was RMB 619,453,325.20. The raised funds were transferred to the Company's designated account on January 6, 2025. Ernst & Young Huaming Accounting Firm (Special General Partnership) conducted an examination of the arrival of the raised funds and issued a "Capital Verification Report" (Ernst & Young Huaming (2025) Verification No. 70052557_B01). The Company and its subsidiaries manage the raised funds in dedicated accounts in accordance with relevant regulations and signed the "Tripartite Supervision Agreement on Raised Funds" and "Quadripartite Supervision Agreement on Raised Funds" with the sponsor and the commercial bank holding the raised funds.