Special Verification Opinion on Junwei Electronics Technology Co., Ltd.'s 2025 Fundraising Management and Usage
Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities" or "the Sponsor") acted as the sponsor for Junwei Electronics Technology Co., Ltd. (hereinafter referred to as "Junwei Electronics," "the Company," or "the Issuer") during its initial public offering of shares. In accordance with the "Regulations on the Management of Sponsorship for Securities Issuance and Listing," "Regulations on the Supervision of Fundraising by Listed Companies," "Shenzhen Stock Exchange GEM Listing Rules," and "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 13 - Sponsorship Business," as well as other relevant laws and regulations, Huatai United Securities conducted a verification of Junwei Electronics' fundraising management and actual usage for 2025. The verification results are as follows:
1. Basic Situation of Fundraising
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Actual Amount Raised and Timing of Fund Arrival According to the China Securities Regulatory Commission's (CSRC) approval (Zheng Jian Xu Ke [2024] No. 1487) for the registration of Junwei Electronics' initial public offering, the company issued 66,666,700 ordinary shares (A shares) with a par value of RMB 1.00 per share at an issuance price of RMB 10.40 per share, raising a total of RMB 693,333,680.00. After deducting the issuance expenses of RMB 73,880,354.80 (excluding VAT), the actual net amount raised was RMB 619,453,325.20. The aforementioned funds were transferred to the company's designated account on January 6, 2025. Ernst & Young Huaming Certified Public Accountants (Special General Partnership) verified the arrival of the funds and issued a "Verification Report" (EY Huaming [2025] Yan Zi No. 70052557_B01). The company and its subsidiaries manage the raised funds in a dedicated account in accordance with relevant regulations and have signed a "Tripartite Supervision Agreement" and a "Quadripartite Supervision Agreement" with the sponsor and the commercial bank holding the raised funds.
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Usage and Balance of Fundraising | Project | Amount (10,000 RMB) | | ------- | ------------------- | | Total Amount Raised | 69,333.37 | | Less: Total Issuance Expenses | 7,388.04 | | Actual Net Amount Raised | 61,945.33 | | Plus: Accumulated Interest (Net of Fees) | 20.88 | | Less: Accumulated Investment in Fundraising Projects | 30,985.61 | | Less: Total Cash Management Transfers | 19,800.00 | | Balance of Unused Funds as of December 31, 2025 | 11,368.61 |
*Note: The discrepancies in totals and details in the table are due to rounding.
2. Management and Storage of Fundraising
- Management of Fundraising To strengthen and standardize the management of fundraising, and to improve the efficiency and effectiveness of fund usage, the company has established a "Fundraising Management System" in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Shenzhen Stock Exchange GEM Listing Rules," "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 - Standard Operations for GEM Listed Companies," and other laws and regulations. The company has opened dedicated bank accounts for the storage of the raised funds, ensuring that the usage of the funds aligns with the commitments made in the prospectus, prohibiting arbitrary changes in the direction of the funds or disguised changes in their usage. During the reporting period, the company stored, managed, and used the raised funds in accordance with the aforementioned laws, regulations, and internal rules, fulfilling its relevant obligations.