CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "the Sponsor") is the sponsor for the initial public offering (IPO) of Suzhou Xinguangyi Electronics Co., Ltd. (hereinafter referred to as "Xinguangyi" or "the Company"). In accordance with the requirements of relevant laws and regulations, including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," "Regulations on the Supervision of Raised Funds by Listed Companies," and the Shenzhen Stock Exchange's self-regulatory guidelines, CITIC Securities conducted a prudent verification of Xinguangyi's use of raised funds to replace self-raised funds and paid issuance expenses. The specific circumstances are as follows:
I. Basic Situation of Raised Funds
According to the approval issued by the China Securities Regulatory Commission regarding the registration of Suzhou Xinguangyi Electronics Co., Ltd.'s IPO (Zheng Jian Xu Ke [2025] No. 2220), and with the consent of the Shenzhen Stock Exchange, the Company publicly issued 36,716,000 ordinary shares (A shares) at a price of RMB 21.93 per share in December 2025, raising a total of RMB 805,181,900. After deducting issuance costs of RMB 101,568,100, the actual net amount of raised funds was RMB 703,613,800. Rongcheng Accounting Firm (Special General Partnership) has verified the arrival of the raised funds and issued Verification Report No. Rongcheng Yan Zi [2025] 251Z0016 on December 26, 2025, confirming the funds' arrival. The Company has managed the raised funds in a dedicated account.