Special Verification Opinion on the Storage, Management, and Use of Funds Raised by Shenzhen Yilian Technology Co., Ltd. for 2025
Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "the Sponsor") has conducted a prudent verification of the storage, management, and use of funds raised by Shenzhen Yilian Technology Co., Ltd. (hereinafter referred to as "Yilian Technology" or "the Company") for the year 2025, in accordance with relevant regulations including the "Administrative Measures for Sponsorship of Securities Issuance and Listing," "Regulations on the Supervision of Funds Raised by Listed Companies," "Shenzhen Stock Exchange GEM Listing Rules," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of GEM Listed Companies." The specific situation is as follows:
1. Basic Information on the Raised Funds
(1) Actual Amount Raised and Timing of Funds Arrival
According to the approval document from the China Securities Regulatory Commission (CSRC) [2024] No. 1107 regarding the registration of the initial public offering of Shenzhen Yilian Technology Co., Ltd., the Company publicly issued 16.33 million shares of RMB ordinary shares (A shares) at an issue price of RMB 72.99 per share in November 2024, with a total amount to be raised of RMB 119.19 million. After deducting issuance expenses of RMB 11.13 million, the actual amount raised was RMB 108.06 million. The funds were received in November 2024, verified by the verification report from Rongcheng Accounting Firm (Special General Partnership) [2024] No. 518Z0128. The Company has adopted a dedicated account management for the raised funds.
(2) Usage and Balance of Raised Funds
In 2025, the usage of raised funds was as follows:
- Replacing self-raised funds invested in projects with raised funds: RMB 57.33 million;
- Direct investment in projects with raised funds: RMB 28.11 million.
As of the end of 2025, the cumulative usage of raised funds was RMB 86.82 million. After deducting the cumulative used amount, the balance of raised funds was RMB 21.24 million. Adding the interest income from the dedicated account and net income from financial products, after deducting bank fees, the total balance in the dedicated account as of December 31, 2025, was RMB 21.95 million.