CITIC Securities Co., Ltd. Audit Opinion on CITIC瑞环 Technology Co., Ltd.'s Wholly-Owned Subsidiary's Purchase of Land and Attachments and Related Party Transaction

CITIC Securities Co., Ltd.

Audit Opinion on CITIC瑞环 Technology Co., Ltd.'s Wholly-Owned Subsidiary's Purchase of Land and Attachments and Related Party Transaction

CITIC Securities Co., Ltd. ("CITIC Securities" or "Sponsor") is the sponsor for the initial public offering of CITIC瑞环 Technology Co., Ltd. ("CITIC瑞环" or "Company") on the ChiNext market of the Shenzhen Stock Exchange. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "ChiNext Market Stock Listing Rules," the "ChiNext Market Listed Company Self-Regulatory Guidelines No. 2 - Norms for Operation of ChiNext Market Listed Companies," and the "ChiNext Market Listed Company Self-Regulatory Guidelines No. 13 - Sponsorship Business," among other relevant regulations, CITIC Securities has prudently audited the purchase of land and attachments and the related party transaction by CITIC瑞环's wholly-owned subsidiary. The details and audit opinion are as follows:

I. Overview of Related Party Transaction

Based on the company's overall business development, cost control, and operational needs, its wholly-owned subsidiary Burg Service B.V. ("Burg Service") intends to purchase the ownership of land and its attachments from Coöperatie Vela Holding U.A. ("CVH"), a Dutch company. This land is currently leased by Burg Service for its operations and is located at Veemweg 8, 3771 MT Barneveld, with a total land area of 4,792 square meters. The transfer price is EUR 2.95 million.

The counterparty, CVH, is a subsidiary of China International Marine Containers (Group) Ltd. (CIMC), the indirect controlling shareholder of the Company. In accordance with the "ChiNext Market Stock Listing Rules" and other relevant regulations, this transaction constitutes a related party transaction. Based on the principle of prudence, related directors Mr. Yang Xiaohu, Mr. Ji Guoxiang, Mr. Lai Zeqiao, and Ms. Ding Li abstained from voting. The Company's independent directors reviewed and approved the proposal at a dedicated meeting and issued a favorable review opinion. This proposal does not require submission to the shareholders' meeting for deliberation. This related party transaction does not constitute a major asset restructuring or restructuring into a listed company as defined by the "Measures for Major Asset Restructuring of Listed Companies."

II. Basic Information of the Related Party

1. Name: Coöperatie Vela Holding U.A.

2. Address: Veemweg 8, 3771 MT Barneveld

3. Authorized Representatives: Lai Zeqiao, Liu Yan

4. Nature of Enterprise: Cooperative

5. Registered Capital: EUR 2,659,889

6. Business Scope: Sales agency services, property leasing, and investment holding (actual business).

7. Whether Subject to Enforcement for Dishonesty: No

8. Major Shareholder/Partner Information: Wholly owned by China International Marine Containers (Group) Ltd. The aforementioned related party is not subject to enforcement for dishonesty.

9. Major Financial Data: