Zheshang Securities Co., Ltd.'s Review of Naibai Chuan New Energy Co., Ltd.'s 2026 Routine Related Transaction Forecast
Zheshang Securities Co., Ltd. (hereinafter referred to as "Zheshang Securities" or "Sponsor") is the sponsor for Naibai Chuan New Energy Co., Ltd.'s (hereinafter referred to as "Naibai Chuan" or "the Company") initial public offering of shares on the ChiNext market. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "ChiNext Market Stock Listing Rules" of the Shenzhen Stock Exchange, the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for the Operation of ChiNext Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 13 - Sponsorship Business," among other relevant regulations, the Sponsor has reviewed the forecast of routine related transactions for 2026 by the Company. The review findings are as follows:
I. Basic Situation of Routine Related Transactions
(I) Overview of Routine Related Transactions
Naibai Chuan New Energy Co., Ltd. (hereinafter referred to as "the Company") and its subsidiaries forecast that the total amount of routine related transactions with related parties Ruipulan Energy Co., Ltd. (hereinafter referred to as "Ruipulan"), Shanghai Lanjun New Energy Technology Co., Ltd. (hereinafter referred to as "Shanghai Lanjun"), and Lanjun New Energy Technology Co., Ltd. (hereinafter referred to as "Lanjun New Energy") in 2026 will not exceed RMB 8 million (excluding tax). It is forecasted that the related parties Chen Rongxian and Zhang Liqin will provide the Company and its subsidiaries with a maximum guarantee of RMB 1.6 billion in 2026.
(II) Forecast of Routine Related Transaction Categories and Amounts for 2026
| Related Transaction Category | Related Party | Related Transaction Content | Pricing Principle | Forecast Amount (RMB 10,000) | Amount of Related Transactions Occurred by March 31, 2026 (RMB 10,000) | Amount from Previous Year (RMB 10,000) |
|---|---|---|---|---|---|---|
| Sales to Related Parties | Ruipulan | Sales of Goods | Market Fair Price | 600.00 | 3.69 | 310.91 |
| Shanghai Lanjun | Sales of Goods | Market Fair Price | 100.00 | - | - | |
| Lanjun New Energy | Sales of Goods | Market Fair Price | 100.00 | - | 8.69 | |
| Guarantees from Related Parties | Chen Rongxian, Zhang Liqin | Guarantee | - | 160,000.00 | 148,000.00 | 148,000.00 |
(III) Actual Occurrence of Routine Related Transactions in the Previous Year
| Related Transaction Category | Related Party | Related Transaction Content | Actual Amount Occurred (RMB 10,000) | Forecast Amount (RMB 10,000) | Proportion of Actual Amount to Same-Category Business | Difference Between Actual and Forecast Amounts |
|---|---|---|---|---|---|---|
| Sales to Related Parties | Ruipulan | Sales of Goods | 310.91 | 500.00 | 0.17% | -37.82% |
| Shanghai Lanjun | Sales of Goods | - | 200.00 | 0.00% | -100.00% | |
| Lanjun New Energy | Sales of Goods | 8.69 | 100.00 | 0.00% | -91.31% | |
| Guarantees from Related Parties | Chen Rongxian, Zhang Liqin | Guarantee | 148,000.00 | 225,000.00 | 100.00% | -34.22% |
Explanation from the Company's Board of Directors on the Actual Occurrence of Routine Related Transactions Compared to the Forecast
The Company's forecast of routine related transactions for the year is based on predictions of the upper limit of possible transaction amounts, considering market and company development. These predictions have inherent uncertainties. The differences between the actual occurrence of routine related transactions in 2025 and the forecast are mainly due to changes in market and operating conditions. The Company adjusts related transactions in a timely manner based on actual demand and changes, which is a normal operating behavior and will not have a significant impact on the Company's daily operations and performance.