Verification Opinion of Zhongtai Securities Co., Ltd. on Wuhan Gangdi Technology Co., Ltd.'s Application for Comprehensive Credit Line and Related Guarantees
Zhongtai Securities Co., Ltd. (hereinafter referred to as "Zhongtai Securities" or "Sponsor") is the sponsor for the initial public offering (IPO) of Wuhan Gangdi Technology Co., Ltd. (hereinafter referred to as "Gangdi Technology" or "Company") on the Growth Enterprise Market in 2024. In accordance with relevant laws, regulations, and normative documents, Zhongtai Securities has conducted a verification of the company's and its subsidiaries' application for a comprehensive credit line from banks and the provision of related guarantees. The specific situation is as follows:
I. Overview of the Application for Comprehensive Credit Line
To meet the production and operational funding needs of the company and its subsidiaries (subsidiaries within the scope of the consolidated financial statements, including future newly established or added subsidiaries), the company and its subsidiaries plan to apply to banks for a total comprehensive credit line not exceeding RMB 850 million. This credit line will be used for various financing products, including but not limited to working capital loans (including mortgage, credit, and guaranteed loans), non-working capital loans, project loans, letters of guarantee, acceptance bills, letters of credit, and financing leases. The specific credit limits and terms will be subject to the final approval by the banks. The above credit limits can be reused within 12 months from the date of approval by the annual shareholders' meeting in 2025. The credit limit does not equal the actual financing amount, which will be based on the actual financing amounts incurred by the company and its subsidiaries with the banks.
II. Overview of Guarantees
(1) Basic Guarantee Information
To ensure the normal financing needs for the daily operations of its subsidiaries, the company will provide guarantees for the credit line applications of its subsidiaries within the maximum credit limit mentioned above, with a total guarantee amount not exceeding RMB 350 million. Other shareholders of the subsidiaries will provide equivalent guarantees or counter-guarantees based on their shareholding ratios. Within the estimated total guarantee limit, the guarantee amounts among the parties (including future newly established or added subsidiaries) can be adjusted; the relevant guarantee matters will be subject to the formally signed guarantee agreements; the guarantee amounts provided for the same credit business will not be counted multiple times; the guarantee balance at any point in time shall not exceed the guarantee limit approved by the shareholders' meeting; this limit can be reused within 12 months from the date of approval by the annual shareholders' meeting in 2025.