Special Verification Report on the Storage and Use of Raised Funds for Anhui Jialiqi Advanced Composite Materials Technology Co., Ltd. in 2025
CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") is the sponsor and continuous supervision institution for Anhui Jialiqi Advanced Composite Materials Technology Co., Ltd. (hereinafter referred to as "Jialiqi" or "Company") for its initial public offering and listing on the Growth Enterprise Market. In accordance with relevant regulations including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Regulations on the Supervision of Raised Funds by Listed Companies," "Listing Rules for Stocks on the Shenzhen Stock Exchange Growth Enterprise Market," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," CITIC Securities conducted a verification of Jialiqi's storage and use of raised funds for 2025. The verification results are as follows:
1. Situation of Raised Funds from the Initial Public Offering
(1) Status of Fund Collection
With the approval of the China Securities Regulatory Commission regarding the registration of Anhui Jialiqi's initial public offering (Approval No. [2023] 2139), and with the consent of the Shenzhen Stock Exchange, the company issued 20,743,876 shares of ordinary shares (A shares) with a par value of RMB 1.00 per share at an issue price of RMB 18.09 per share, raising a total of RMB 375,256,716.84. After deducting issuance expenses related to the raised funds amounting to RMB 43,587,743.26 (excluding VAT), the actual net amount raised was RMB 331,668,973.58. The raised funds were transferred to the company's designated account on August 23, 2024, and were verified by Lixin Certified Public Accountants (Special General Partnership), which issued the "Verification Report" (Report No. [2024] ZA90969).
(2) Use and Balance of Raised Funds for 2025
As of December 31, 2025, the company's use and balance of raised funds are as follows:
| Item | Amount (10,000 RMB) |
|---|---|
| Net amount raised | 33,166.90 |
| Cumulative expenditure | 8,973.47 |
| Add: Net interest income | 79.85 |
| Current period expenditure | 5,457.57 |
| Add: Net interest income | 174.41 |
| Balance of raised funds | 18,990.12 |
Among this, the balance in the special account for raised funds is RMB 5,990.12 million, and temporarily idle funds have been invested in financial products amounting to RMB 13,000.00 million. As of December 31, 2025, the company had a balance of RMB 5,990.12 million in the special account for raised funds, and RMB 13,000.00 million of temporarily idle raised funds were invested in financial products.
2. Storage and Management of Raised Funds
(1) Management of Raised Funds
To standardize the management and use of raised funds and protect investors' interests, the company formulated the "Management System for Raised Funds of Anhui Jialiqi Advanced Composite Materials Technology Co., Ltd." in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Listing Rules for Stocks on the Shenzhen Stock Exchange Growth Enterprise Market," "Regulations on the Supervision of Raised Funds by Listed Companies," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," combined with the company's actual situation. This system clearly stipulates the special account storage, approval process for use, and management and supervision mechanisms. The company signed a "Tripartite Supervision Agreement on Raised Funds" with CITIC Securities and the Suzhou Jinshui Branch of Agricultural Bank of China on August 23, 2024; with CITIC Securities and the Suzhou Jianye Branch of China Construction Bank on September 26, 2024; and with CITIC Securities and the Suzhou Branch of Bank of Communications on September 26, 2024, clarifying the rights and obligations of all parties and strictly implementing approval and supervision of the use of raised funds.