Review Opinion on Wuhu Focase Technology Co., Ltd.'s 2025 Securities and Derivatives Investment
CICC Securities Co., Ltd. (hereinafter referred to as "CICC Securities" or "Sponsor") is the sponsor and ongoing supervisory institution for Wuhu Focase Technology Co., Ltd. (hereinafter referred to as "Focase Technology" or "Company") for its initial public offering. In accordance with the "Regulations on the Management of Sponsorship for Securities Issuance and Listing," "Shenzhen Stock Exchange GEM Listing Rules," and "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 - Standard Operation of GEM Listed Companies," CICC Securities conducted a prudent review of Focase Technology's 2025 securities and derivatives investment situation, with the specific review details as follows: