Review Opinion on Foreign Exchange Derivative Transactions
Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "Sponsor") is the sponsor for the initial public offering and listing of Shenzhen Shouhang New Energy Co., Ltd. (hereinafter referred to as "Shouhang New Energy" or "Company"). In accordance with the "Regulations on the Management of Securities Issuance and Listing Sponsorship," "Shenzhen Stock Exchange GEM Listing Rules," "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 - Standard Operation of GEM Listed Companies," and "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 13 - Sponsorship Business," Guotai Junan conducted a prudent review of Shouhang New Energy's foreign exchange derivative transactions for 2025. The review findings and specific opinions are as follows:
1. Approval of Foreign Exchange Derivative Transactions
On April 25, 2025, the Company held the 11th meeting of the second board of directors and the 5th meeting of the second supervisory board, where the proposal for the Company to conduct foreign exchange hedging business was approved. The Company and its subsidiaries were authorized to engage in foreign exchange hedging activities with a limit not exceeding RMB 2 billion (or equivalent foreign currency), effective for twelve months from the date of approval at the Company's 2024 annual general meeting. This proposal has been approved at the Company's 2024 annual general meeting.