Verification Opinion on the Management and Use of Funds Raised by Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. for 2025
Guojin Securities Co., Ltd. (hereinafter referred to as "Guojin Securities," "Sponsor," or "Sponsoring Institution") is the sponsor for the initial public offering and listing on the Growth Enterprise Market of Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. (hereinafter referred to as "Yunhan Chip City" or "Company"). In accordance with the requirements of the "Regulations on the Management of Securities Issuance and Listing Sponsorship," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and "Regulations on the Supervision of Funds Raised by Listed Companies," Guojin Securities has conducted a prudent verification of the management and use of funds raised by Yunhan Chip City for 2025. The specific circumstances of the verification are as follows:
1. Basic Information on the Raised Funds
(1) Actual Amount Raised and Timing of Fund Arrival
According to the China Securities Regulatory Commission's (hereinafter referred to as "CSRC") approval (Zheng Jian Xu Ke [2025] No. 1615) for the registration of Yunhan Chip City’s initial public offering, the company issued 16,279,025 shares of ordinary shares (A shares) with a par value of RMB 1.00 per share at an issue price of RMB 27.00 per share, raising a total of RMB 439.53 million. After deducting the issuance costs of RMB 68.01 million (excluding VAT), the actual net amount raised was RMB 371.52 million. The raised funds were transferred to the company's designated account on September 25, 2025. Rongcheng Accounting Firm (Special General Partnership) verified the arrival of the funds and issued the "Verification Report No. Rongcheng Yan Zi [2025] 361Z0048" on September 25, 2025. The company has managed the raised funds in a dedicated account in accordance with relevant regulations and has signed a fund supervision agreement with the sponsor and the commercial bank holding the raised funds.
(2) Usage and Balance of Raised Funds
As of December 31, 2025, the usage and balance of the raised funds are as follows:
| Project | Amount |
|---|---|
| Total Amount Raised | 43,953.37 |
| Less: Issuance Costs | 6,801.35 |
| Net Amount Raised | 37,152.02 |
| Less: Investment in Fundraising Projects (Note 1) | 21,458.88 |
| Plus: Unpaid Issuance Costs (Note 2) | 9.29 |
| Pre-invested Own Funds Not Replaced | 1,108.18 |
| Investment Income, Net of Fees | 26.68 |
| Total | 16,837.30 |
Note 1: This includes RMB 1,108.18 million of pre-invested funds by the company in fundraising projects, which had not yet been replaced by raised funds as of December 31, 2025.
Note 2: Unpaid issuance costs refer to stamp duty.