Verification Opinion of Zhejiang Merchants Securities Co., Ltd. on Nabichuan New Energy Co., Ltd.'s Cash Management Using Idle Funds
Zhejiang Merchants Securities Co., Ltd. (hereinafter referred to as the "Sponsor") is the sponsor for Nabichuan New Energy Co., Ltd. (hereinafter referred to as "Nabichuan" or "the Company") for its initial public offering and listing on the Growth Enterprise Market. In accordance with relevant regulations and normative documents such as the "Administrative Measures for Securities Issuance and Listing Sponsorship," the "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," and the "Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," the Sponsor has conducted a verification of Nabichuan's use of part of its idle self-owned funds for cash management. The specific situation is as follows:
I. Basic Situation of Using Idle Self-Owned Funds for Cash Management
(1) Investment Purpose
To improve the efficiency of the Company's fund utilization and maximize shareholder interests, while ensuring the needs for daily operational funds and fund safety, the Company plans to reasonably utilize idle self-owned funds for cash management to increase investment returns.
(2) Investment Amount
The Company intends to use no more than RMB 30 million of idle self-owned funds for cash management. This amount represents the maximum daily balance limit for cash management, and the transaction amount at any point within the authorized period (including the reinvestment of the aforementioned investment returns) shall not exceed the investment amount. Funds may be cyclically invested and rolled over without exceeding this limit.
(3) Investment Types
The Company plans to purchase capital-protected cash management products issued by non-related financial institutions that are highly secure, have good liquidity, and have a maximum investment term of no more than 12 months.