Advisor & Auditor Opinions Announcements

This legal opinion confirms that the convening and holding procedures of Shenzhen Minbao Optoelectronics Co., Ltd.'s 2026 Sixth Extraordinary General Meeting complied with relevant laws and regulations. The qualifications of attendees and the convener were deemed legal and valid. The voting procedures and results were also found to be legal and effective, with all proposals passing.

This audit report covers the consolidated and parent company financial statements of Ningbo Qixiang Information Technology Co., Ltd. for the periods ending December 31, 2025, and June 30, 2026, and for the years/periods then ended. The report concludes that the financial statements are prepared in accordance with accounting standards and fairly present the company's financial position, results of operations, and cash flows.

Huatai United Securities audited Pudong Testing Group's plan to use proceeds to lend to a wholly-owned subsidiary for an investment project. The loan, totaling RMB 68 million (RMB 65 million from proceeds), aims to support the subsidiary's energy storage lab. The securities firm found the plan complies with regulations and supports project implementation.

This document is a listing sponsorship letter from Guotai Haitong Securities Co., Ltd. for Shanghai Jushri Technologies, Inc. It details the company's basic information, the specifics of its planned stock issuance and listing on the ChiNext market, and the responsibilities of the sponsor. The letter aims to ensure the accuracy and completeness of the information provided for the listing application.

This legal opinion from Kangda Law Firm addresses the adjustment of the exercise price, the fulfillment of vesting conditions for the second tranche of the initial grant and the first tranche of the reserved grant, and the forfeiture of certain restricted shares under Guangzhou Haozhi Electromechanical's 2024 stock incentive plan. The opinion confirms that all necessary approvals have been obtained and the conditions are met, allowing for the vesting and forfeiture as planned.

This legal opinion confirms the legality of the 2026 Second Extraordinary General Meeting of Chengzhan Optoelectronics (Xiamen) Co., Ltd. The meeting was convened and held in compliance with relevant laws and regulations. All attendees' qualifications and the convener's qualifications were deemed legal. The voting procedures and results were also found to be legal and valid.

This legal opinion confirms that the convening, holding, and voting procedures of Honghe Technology's 2026 First Extraordinary General Meeting complied with relevant laws and regulations. All attendees' qualifications and the convener's qualifications were deemed valid. The resolutions passed were legally effective.

This report serves as the financial advisor's formal review of the acquisition of Guangdong Xiangshan Weighing Apparatus Group Co., Ltd. by Ningbo Joyson Electronic Corp. The document confirms the compliance, accuracy, and completeness of the acquisition report submitted by the acquirer. It outlines the financial advisor's due diligence, legal commitments, and professional opinions regarding the transaction's structure and the acquirer's qualifications.

This legal opinion is issued by Jincheng Tongda & Neal (Shanghai) Law Firm regarding the acquisition of Guangdong Xiangshan Weighing Apparatus Group Co., Ltd. by Ningbo Joyson Electronic Corp. The document confirms the legal compliance of the acquisition report prepared by the acquirer. It outlines the scope of the legal review, the assumptions made, and the limitations of the firm's professional responsibility in relation to the transaction.

This legal opinion addresses the exemption of Ningbo Joyson Electronic Corp. from the mandatory tender offer obligation regarding its subscription to shares issued by Guangdong Xiangshan Weighing Apparatus Group Co., Ltd. The law firm confirms that the acquisition qualifies for an exemption under the Administrative Measures for the Takeover of Listed Companies. This filing serves to formalize the legal compliance of the transaction and support the company's regulatory reporting requirements.

This document is a listing sponsorship letter issued by Yongxing Securities Co., Ltd. for Guangdong Xiangshan Weighing Apparatus Group Co., Ltd. regarding its 2025 private placement of shares. The sponsor confirms that the issuer has complied with the Company Law, the Securities Law, and relevant regulatory requirements. The document outlines the sponsorship, legal compliance, and the professional judgment of the sponsor regarding the issuer's alignment with national industrial policies.

This report from CITIC Securities, the independent financial advisor, reviews transactions by Zhejiang Jiemei Electronic Technology Co., Ltd. within the twelve months preceding a proposed share issuance and fundraising. The review confirms no material asset purchases or sales requiring cumulative calculation under relevant regulations.

This report by Grandway Law Offices audits Zhejiang Jiamei Electronic Technology Co., Ltd.'s insider information registration system. It confirms the system's establishment and amendments align with regulations. The company strictly adhered to the system during a major asset restructuring, implementing necessary confidentiality measures.

CITIC Securities, as the independent financial advisor, verified that the transaction does not constitute a restructuring listing under Article 13 of the Measures for the Administration of Major Asset Restructuring of Listed Companies. The transaction involves the issuance of shares to acquire 100% equity and raise supporting funds. The controlling shareholder and actual controller of the listed company will not change post-transaction.

CITIC Securities, as the financial advisor, audited parties involved in Zhejiang Jiemei Electronic Technology's acquisition and fundraising. The audit confirmed that these parties do not violate regulations prohibiting participation in major asset reorganizations. This opinion is based on checks for insider trading investigations and penalties.

CITIC Securities, as the independent financial advisor, reviewed the industrial policy and transaction type for Zhejiang Jiemai Electronic Technology's acquisition. The transaction involves issuing shares to acquire a target company in the high-end numerical control machine tool and robot sector, aligning with national industrial strategies. It is deemed a related-industry or upstream/downstream acquisition and does not constitute a restructuring of the listed company.

CITIC Securities, as the independent financial advisor for Zhejiang Jiemei Electronic Technology's share issuance to acquire a target company and raise supporting funds, issues a commitment letter. The letter confirms the advisor's independence, due diligence, and compliance with regulations, asserting no conflicts of interest and that all disclosed information is accurate and complete.

This report from CITIC Securities, the independent financial advisor, verifies that the transaction complies with regulatory requirements regarding the hiring of third parties. It details the engagement of Zhonghua Certified Public Accountants Hangzhou Branch and confirms no other undisclosed third-party engagements by the listed company. The review ensures adherence to integrity risk prevention guidelines.

Golden (Shanghai) Asset Appraisal Co., Ltd. states it is not involved in any insider trading investigations or penalties related to major asset restructurings. This declaration confirms compliance with regulatory requirements for participating in the proposed share issuance and fundraising transaction by Zhejiang Jiemei Electronic Technology Co., Ltd. The company is acting as the asset appraisal institution for this transaction.

Beijing Grandway Law Firm, as legal advisor for Zhejiang Jiemei Electronic Technology Co., Ltd.'s acquisition and fundraising, commits to the truthfulness, accuracy, and completeness of all information and documents provided. This ensures compliance with laws and regulations for the transaction.

Beijing Grandway Law Offices, as legal counsel for Zhejiang Jiemei Electronic Technology Co., Ltd.'s acquisition, commits to not being involved in any insider trading or information leakage related to the transaction. This ensures compliance with regulatory requirements for major asset restructurings. The firm guarantees adherence to legal responsibilities in case of any violation.

Golden Certificate (Shanghai) Asset Appraisal Co., Ltd. commits to the authenticity, accuracy, and completeness of documents submitted for a transaction. The company was appointed as the asset appraisal institution for the transaction, which involves Zhejiang Jiemei Electronic Technology Co., Ltd. acquiring 100% of Changsha Efoes Technology Co., Ltd. and raising supporting funds.

This legal opinion reviews the convening and procedures of Guangdong Pi-A-No Scientific & Artistic Homes Co., Ltd.'s 2026 Fifth Extraordinary General Meeting. It confirms the meeting's procedures, attendee qualifications, and voting processes complied with relevant laws and regulations. All proposed resolutions were approved, indicating the meeting's validity and effectiveness.

This supplementary legal opinion addresses inquiries from the Shenzhen Stock Exchange regarding Gospell Digital Technology's 2026 private placement. The issuance will result in a change of control, with Changsha Jushen Management Consulting Partnership becoming the controlling shareholder and Yang Zhipeng becoming the actual controller. The document provides legal responses to regulatory questions concerning the necessity of the financing, the source of subscription funds, and the impact of related-party transactions and potential competition.

Hengtai Changcai Securities Co., Ltd. is submitting an issuance and underwriting commitment letter for Gospell Digital Technology Co., Ltd.'s private placement of A shares in 2026. The letter details the underwriting arrangements, the issuer's basic information, and the underwriter's recommendation. The document confirms compliance with relevant laws and regulations.

This document is a listing sponsorship letter issued by Hengtai Changcai Securities Co., Ltd. for Gospell Digital Technology Co., Ltd.'s 2026 private placement of A-shares. The sponsor confirms that the issuer meets the necessary legal and regulatory requirements for the issuance and listing. The letter outlines the issuer's basic information, business scope, and the sponsor's commitment to ongoing supervision and compliance.

Goertek Digital Technology Co., Ltd. is responding to an SZSE inquiry regarding its proposed private placement of up to 650 million RMB. The issuance will result in a change of control, with Changsha Jushen Management Consulting Partnership becoming the controlling shareholder and Yang Jipeng becoming the actual controller. The company justifies the financing by citing significant operational cash flow deficits, high debt ratios, and the need to support business growth following strategic cooperation with Hunan Jushen.

This legal opinion confirms that Shanghai Nar Industrial Co., Ltd. has met partial vesting conditions for its 2025 Restricted Stock Incentive Plan. It also addresses the buyback and cancellation of unvested shares and the adjustment of the repurchase price. The company has completed necessary approvals and authorizations, with further shareholder approval and information disclosure required for the buyback.

CITIC Securities Company Limited issues a listing sponsorship statement for Haisco Pharmaceutical Group Co., Ltd.'s private placement of A shares. The statement details the offering's purpose, structure, and the sponsor's due diligence. Haisco aims to raise funds for new drug R&D and working capital, with the offering expected to enhance its capital strength and market position.

This legal opinion from Guangdong Xinda Law Firm addresses the achievement of performance targets for the third unlock period of Shenzhen Auto Electronics Co., Ltd.'s 2023 Employee Stock Ownership Plan. The plan's performance targets for the third unlock period were not met. Consequently, shares eligible for unlocking will be repurchased and sold, with proceeds returned to the company.

This legal opinion confirms that Shenzhen Outo Electronics Co., Ltd. has obtained the necessary approvals and authorizations to adjust the repurchase price of its 2026 Restricted Stock Incentive Plan. The adjustment was made due to a dividend distribution, changing the repurchase price from 3.40 RMB/share to 3.35 RMB/share. The adjustment complies with relevant regulations and the company's plan.

This legal opinion from Sundial Law Firm addresses the cancellation of certain stock options under Shenzhen Auto Electronics Co., Ltd.'s 2023 incentive plan. The cancellation is due to unmet performance targets for 2025 and employee departures. The firm confirms the cancellation is compliant with regulations and the plan.

This legal opinion confirms that the convening and holding procedures of the 2026 Third Extraordinary General Meeting of Tianshan Aluminum Group Co., Ltd. complied with relevant laws and regulations. The meeting's convener and attendee qualifications, as well as the voting procedures and results, were deemed legal and valid.

This legal opinion confirms the legality of the 2026 Third Extraordinary General Meeting of Shandong Yisheng Breeding Stock and Poultry Co., Ltd. It verifies the meeting's convocation, procedures, attendee qualifications, and voting results, finding them compliant with relevant laws and the company's articles of association. All proposals were approved.

This document is a prospectus from CITIC Securities Co., Ltd. regarding Yibin Tianyuan Group Co., Ltd.'s private placement of shares in 2026. It details the company's business, financial status, risks, and the specifics of the share issuance. The offering aims to raise funds for debt repayment and working capital, with specific terms for pricing and lock-up periods outlined.

CITIC Securities Co., Ltd. issues a sponsorship report for Yibin Tianyuan Group Co., Ltd.'s private placement of shares in 2026. The report confirms the issuance complies with relevant laws and regulations, and the company's development prospects are positive. The placement aims to repay bank loans and supplement working capital, enhancing the company's capital strength and competitiveness.

This legal opinion confirms that the convening and procedures of Shandong Zhongrui Industrial Development Co., Ltd.'s 2026 Fourth Extraordinary General Meeting were lawful and valid. All attendees' qualifications and the voting procedures and results for the proposed resolutions were compliant with relevant laws and regulations. The resolutions passed were legally effective.

Beijing Ke Rui Group Co., Ltd. is acquiring Anhui Zhishanghe Technology Co., Ltd. The asset appraisal report values the target company's shareholder equity at RMB 373 million as of February 28, 2026. The valuation used the asset-based and income approaches, with the income approach result being adopted for the conclusion. The report's validity extends for one year from the valuation date.

This document contains the audit report for Anhui Zhishanghe Technology Co., Ltd. for the period ending February 28, 2026. Gongzheng Tianye Certified Public Accountants issued an audit opinion regarding the company's financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in equity. The auditors confirm that the financial statements present fairly the company's financial position and operating results in accordance with Chinese Accounting Standards.

CITIC Securities, as the independent financial advisor, reviewed Inner Mongolia Electric Power Investment Energy Co., Ltd.'s adjustment to its 2026 daily related transaction quota. The adjusted quota is RMB 8,253.1885 million. The review confirms the adjustment was approved by the board and is in compliance with regulations. The transaction is deemed fair and will not harm shareholder interests.

CICC, as the sponsor, audited Xiangtan Electrochemical's transfer of its wholly-owned subsidiaries, Xiangtan Electric Machine and Xiangtan Shunzhong Trading, to related parties. The total transaction value is RMB 8,265.84 million. The transfer aims to optimize resource allocation and focus on the main business. The transaction was approved by the independent directors and the board of directors, with related directors recusing themselves.

This legal opinion from AllBright Law Offices confirms the implementation status of Guangzhou Ruili Ke Mi Automotive Electronics Co., Ltd.'s share issuance for asset purchase. It verifies that all necessary approvals and authorizations have been obtained, the transaction agreements have been fulfilled, and the asset transfer is complete. The company now holds 100% of the target asset, and the registration of new shares has been processed.

This document serves as the independent financial advisor's verification opinion regarding the implementation of Guangzhou Ruili Kemi Automotive Electronics Co., Ltd.'s acquisition of a 16% equity stake in Wuhan Ruili Kedes Automotive Electronics Co., Ltd. through the issuance of shares. The advisor confirms that the transaction has been executed in accordance with relevant laws and regulations. This report verifies the completion of the asset transfer and compliance with disclosure requirements.

CITIC Securities, as the sponsor, audited China Uranium Corporation's use of excess raised funds for investment projects. The company plans to invest approximately RMB 25.26 billion in two projects: supporting facilities for the Hadatu Uranium Mine in-situ leaching project and research on key technologies for integrated coal-uranium mining. The audit confirms the projects align with strategic plans and regulatory requirements.

CITIC Securities, as the sponsor, audited China Uranium Industry Co., Ltd.'s increased forecast for related party transactions in 2026. The increase is RMB 271.45526 million, bringing the total forecast to RMB 2,771,151.15 million. The transactions are deemed necessary for normal operations and are priced fairly, with no harm to shareholder interests.

Shenwan Hongyuan Underwriting and Sponsorship Co., Ltd. is acting as the sponsor for Xinjiang Lixin New Energy Co., Ltd.'s private placement of shares and listing on the main board. The report details the basic information of the issuance, the sponsor's commitments, and provides a recommendation for the offering. It confirms compliance with relevant laws and regulations.

Jia Yuan Law Offices issues a legal opinion regarding Juchen Logistics Group's convertible bond issuance and listing. The opinion confirms the company has obtained necessary approvals from its board, shareholders, and the SZSE, and has received registration approval from the CSRC. It concludes the company meets all substantive conditions for the issuance and listing.

Guolian Minsheng Securities has issued this sponsorship letter to support the application of Jushen Logistics Group Co., Ltd. for the issuance of convertible corporate bonds to unspecified investors. The sponsor confirms that the issuer meets the legal and regulatory requirements for such an offering. This document outlines the issuer's basic profile, business operations, and the sponsor's professional assessment of the issuance's compliance with Shenzhen Stock Exchange rules.

This legal opinion confirms that the convening and procedures of Shenyang Chemical Co., Ltd.'s 2026 Second Extraordinary General Meeting, including the qualifications of the convener and attendees, and the voting procedures and results, comply with relevant laws and regulations. All resolutions passed at the meeting are deemed legal and valid.

Huatai United Securities audited the freezing of raised funds accounts of CSUN Solar's subsidiaries, Guanying Company and Cehong Company. The frozen amount is RMB 7,888.93, representing a small portion of the company's assets. The freezing is due to a dispute over EPC project payments. The company expects no significant impact on project construction or operations.