Special Verification Opinion
China Merchants Securities Co., Ltd. (hereinafter referred to as "China Merchants Securities" or "the Sponsor") acts as the continuous supervising sponsor for Southern Power Grid Digital Grid Research Institute Co., Ltd. (hereinafter referred to as "Southern Grid Digital" or "the Company"). In accordance with relevant regulations, including the "Administrative Measures for Securities Issuance and Listing Sponsorship," the "Shenzhen Stock Exchange GEM Listing Rules," and various self-regulatory guidelines, a special verification was conducted regarding the financial transactions involving the financial company for the year 2025. The specific situation is as follows:
I. Basic Information of Southern Grid Financial Company
Southern Grid Financial Company is a wholly-owned subsidiary of China Southern Power Grid Co., Ltd. (hereinafter referred to as "Southern Power Grid Company"), established as a non-bank financial institution approved by the former China Banking Regulatory Commission.
- Company Name: Southern Grid Financial Company
- Establishment Date: December 29, 2004
- Legal Representative: Wu Pusong
- Registered Address: 17th, 18th, 19th Floors, Building 6, No. 6 Huasui Road, Tianhe District, Guangzhou, Guangdong Province, and Rooms 808-811, 1210-1211
- Company Type: Limited Liability Company (wholly owned by a legal entity, not a natural person)
- Financial License Institution Code: L0060H244010001
- Unified Social Credit Code: 91440000190478709T
- Registered Capital: 7 billion RMB
The company's business scope includes the following domestic and foreign currency operations:
- Accepting deposits from member units;
- Providing loans to member units;
- Handling bill discounting for member units;
- Conducting fund settlement and payment for member units;
- Offering entrusted loans, bond underwriting, non-financial guarantees, financial advisory, credit verification, and consulting agency services for member units;
- Engaging in interbank lending;
- Handling bill acceptance for member units;
- Providing buyer credit and consumer credit for member units;
- Investing in fixed-income securities;
- Equity investments in financial institutions;
- Other businesses approved by regulatory authorities.
The business scope of Southern Grid Financial Company is subject to the final approval of the market supervision and management authority.