Verification Opinion of CITIC Construction Investment Securities Co., Ltd. on Shenzhen Jundingda New Materials Co., Ltd.'s Use of Idle Raised Funds for Cash Management
CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Construction Investment" or "the Sponsor") is the sponsor for the initial public offering and listing on the Growth Enterprise Market of Shenzhen Jundingda New Materials Co., Ltd. (hereinafter referred to as "Jundingda" or "the Company"). In accordance with relevant regulations including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Self-Regulatory Guidelines No. 13 for Listed Companies on the Shenzhen Stock Exchange," "Listing Rules for Growth Enterprise Market Stocks of the Shenzhen Stock Exchange," and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," CITIC Construction Investment has conducted a verification of Jundingda's use of part of its temporarily idle raised funds for cash management and the deposit of the remaining balance in agreed deposits. The specific situation is as follows:
1. Basic Situation of the Raised Funds
The raised funds have been approved for registration by the China Securities Regulatory Commission in the "Approval of the Initial Public Offering Registration of Shenzhen Jundingda New Materials Co., Ltd." (Zheng Jian Xu Ke [2023] No. 1853). The Company publicly issued 10 million shares of ordinary shares with a par value of RMB 1.00 per share at an issue price of RMB 55.82 per share. The total amount raised is RMB 55.82 million, with a net amount of RMB 48.41 million after deducting issuance expenses. The raised funds were transferred to the Company's special account for raised funds on March 15, 2024. Tianjian Accounting Firm (Special General Partnership) has verified the arrival of the raised funds and issued a "Verification Report" (Tianjian Yan [2024] No. 3-5) on the same day. The Company and its subsidiaries have signed a raised funds supervision agreement with the commercial bank holding the raised funds.
2. Investment Project Situation of the Raised Funds
According to the "Prospectus for the Initial Public Offering and Listing of Shenzhen Jundingda New Materials Co., Ltd." (hereinafter referred to as "the Prospectus"), the net amount of raised funds after deducting issuance fees will be fully invested in the following projects:
| No. | Project | Total Committed Investment (RMB 10,000) | Proposed Investment Amount (Adjusted) (RMB 10,000) |
|---|---|---|---|
| 1 | Functional Protective Materials East China Headquarters Project | 30,000.00 | 25,200.00 |
| 2 | R&D Center and Information Construction Project | 13,614.80 | 11,436.86 |
| 3 | Supplementing Working Capital Project | 12,200.00 | 11,769.81 |
| Total | 55,814.80 | 48,406.68 |
Note: The discrepancies in the sums of the above table are due to rounding.
On August 15, 2025, the Company held the sixth meeting of the fourth board of directors, which approved the proposal on the completion of certain fundraising projects and the use of surplus funds for new projects. According to the implementation plan for the Company's initial public offering fundraising projects, the "Functional Protective Materials East China Headquarters Project" has basically reached the predetermined usable state, and the board of directors decided to conclude the aforementioned project. To rationally use the raised funds and better implement the Company's development strategy, the Company will use the surplus raised funds of RMB 10,046.08 (including interest income and deducting bank fees) for investment in the "Jundingda Functional Protective Materials Production Construction Project." This proposal was approved at the first extraordinary general meeting of shareholders held on September 5, 2025. The adjusted fundraising project and fund usage plan are shown in the following table: