Verification Opinion of Everbright Securities Co., Ltd. on the Management and Use of Funds Raised by Nantong Taihe Chemical Co., Ltd. for 2025
Everbright Securities Co., Ltd. (hereinafter referred to as the "Sponsoring Institution") has conducted a diligent review of the management and use of funds raised by Nantong Taihe Chemical Co., Ltd. (hereinafter referred to as the "Company") for 2025, in accordance with the relevant regulations including the "Administrative Measures for Sponsoring Business of Securities Issuance and Listing," "Shenzhen Stock Exchange GEM Listing Rules," "Regulations on the Supervision of Funds Raised by Listed Companies," "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operation of GEM Listed Companies," and "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 13 - Sponsoring Business."
1. Basic Information on the Raised Funds
(1) Actual Amount Raised and Timing of Fund Arrival
According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2025] No. 32) for the registration of Nantong Taihe Chemical Co., Ltd.'s initial public offering, the company issued 45,000,000 shares of RMB ordinary shares (A shares) at a par value of RMB 1.00 per share, with an issue price of RMB 10.27 per share. The total amount raised was RMB 46.215 million. After deducting underwriting and sponsorship fees (excluding tax) amounting to RMB 3.224 million (including already paid non-tax amounts of RMB 566,040), the remaining balance of raised funds was RMB 42.991 million, which was transferred to the company's fund supervision account by the lead underwriter, Everbright Securities Co., Ltd., on April 7, 2025. After further deducting external expenses directly related to the issuance of equity securities, including information disclosure fees, accounting fees, legal fees, and prospectus preparation fees, totaling RMB 4.014 million, the net amount of raised funds was RMB 38.977 million. Zhonghui Certified Public Accountants (Special General Partnership) verified the arrival of the above-mentioned raised funds and issued a "Verification Report" (Zhonghui Verification [2025] No. 3289) on April 7, 2025.
(2) Usage and Balance of Raised Funds
As of December 31, 2025, the usage and balance of the raised funds are as follows:
| Item | Amount (RMB 10,000) |
|---|---|
| Total amount raised | 46,215.00 |
| Less: Issuance expenses | 7,237.72 |
| Net amount of raised funds | 38,977.28 |
| Less: Total amount invested | 35,152.21 |
| Plus: Net interest income | 0.944 |
| Less: Cash management products not yet due | 0.000 |
| Balance in special account | 3,834.53 |
Note: The discrepancies in the totals are due to rounding.