Guotai Junan Securities Co., Ltd.
Audit Report on the Listing and Circulation of Part of the Restricted Shares of Zhejiang Huaye Plastic Machinery Co., Ltd.
As the sponsor of Zhejiang Huaye Plastic Machinery Co., Ltd. (hereinafter referred to as "Zhejiang Huaye" or "the Company") for its initial public offering and listing on the ChiNext market, and for its ongoing supervision, in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "ChiNext Stock Listing Rules of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Norms for the Operation of Listed Companies on the ChiNext Market," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 13 - Sponsorship Business," and other relevant laws and regulations, Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "the Sponsor") has audited the matter of the listing and circulation of part of the restricted shares from Zhejiang Huaye's initial public offering. The audit findings and conclusions are as follows:
I. Type of Restricted Shares to be Listed and Circulated
On January 16, 2025, the China Securities Regulatory Commission issued the "Approval Regarding the Registration of the Initial Public Offering of Shares by Zhejiang Huaye Plastic Machinery Co., Ltd." (Certificate of Approval No. [2025] 90), approving the registration application for Zhejiang Huaye's initial public offering. Zhejiang Huaye publicly issued 20,000,000 ordinary shares (A shares) of RMB 1 each, and was listed and traded on the ChiNext market of the Shenzhen Stock Exchange on March 27, 2025. After the issuance, the total share capital was 80,000,000 shares, of which 60,000,000 shares were restricted tradable shares, accounting for 75% of the total share capital after issuance, and 20,000,000 shares were unrestricted tradable shares, accounting for 25% of the total share capital after issuance.
The restricted shares to be listed and circulated this time are part of the restricted shares from the company's initial public offering, with a lock-up period of 12 months from the date of the company's stock listing. The number of shares to be released from lock-up and applied for listing and circulation is 8,401,791 shares, involving 2 restricted shareholders, accounting for 10.5022% of the company's total share capital. The lock-up period is about to expire, and these shares will be listed and circulated from March 27, 2026 (Friday).
II. Changes in the Company's Share Capital Since the Formation of the Restricted Shares to be Listed and Circulated
The restricted shares to be listed and circulated this time are restricted shares formed from the company's initial public offering. Since the formation of these restricted shares from the initial public offering, the company has not experienced any changes in its total share capital due to distribution, capital reserve transfer, etc., up to the date of this audit report.
III. Commitments Regarding the Restricted Shares to be Listed and Circulated