CITIC Securities Co., Ltd

Shanghai Baichu Electronic Technology Co., Ltd

Ongoing supervision of the sponsorship summary report

Sponsor Number: Z20374000 Initial Public Offering Filing Date: April 2019

Notification of issuance of shares to specific targets: May 2021

1. Basic information of the issuer

Company name Shanghai Baichu Electronic Technology Co., Ltd. (hereinafter referred to as "Baichu Electronics", "Listed Company".

Division", "Issuer" or "Company")

Company abbreviation Bochu Electronics

Stock Code 688188.SH

Registered address: No. 1000, Lanxianghu South Road, Minhang District, Shanghai

Office address: No. 1000, Lanxianghu South Road, Minhang District, Shanghai

Legal representative: Tang Ye

Actual controllers Tang Ye, Dai Tiantian, Lu Lin, Wan Zhang, Xie Miao

Secretary of the Board of Directors Zhou Xun

The securities are listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange

2. Overview of the issuance

(1) Initial public offering of shares in 2019

On July 16, 2019, the China Securities Regulatory Commission issued the "Concerning the Consent of Shanghai Baichudian

The approval of the registration of the initial public offering of shares of Zi Technology Co., Ltd. (Zheng Jian Xu Xu [2019] No. 1293) was approved for registration, and Shanghai Baichu Electronic Technology Co., Ltd. issued RMB ordinary shares to the public for the first time

(A shares) 25.00 million shares, par value of 1.00 yuan per share, issue price of 68.58 yuan per share, total funds raised

The amount is 1,714,500,000.00 yuan, after deducting the issuance cost of 102,812,924.52 yuan (excluding VAT).

The net amount of funds raised was RMB1,611,687,075.48. All of the above raised funds were fully in place on August 2, 2019.

Lixin Certified Public Accountants (Special General Partnership) verified the above-mentioned raised funds in place and issued the "Capital Verification Report" (Xinhuishi Bao Zi [2019] No. ZA15319).

(2) Issuance of shares to specific targets in 2021

Approval of the registration of the issuance of shares by specific targets (Zheng Jian Xu Xu [2022] No. 372), the company issued to specific objects

3,665,441 A shares at an issue price of RMB 266.68 per share

The total amount of funds is RMB977,499,805.88, net of related issuance expenses of RMB19,104,622.65,

The net proceeds amounted to RMB958,395,183.23. The proceeds were raised on April 8, 2022

In place, Lixin Certified Public Accountants (Special General Partnership) verified the above-mentioned raised funds in place and issued the "Capital Verification Report" (Xinhuishi Bao Zi [2022] No. ZA10858).

3. Overview of sponsorship work

(1) Due diligence recommendation stage

During the due diligence recommendation period, the sponsor and the sponsor representative actively organize and coordinate the relevant work of various intermediaries to participate in the issuance and listing of securities, abide by business norms and industry norms in accordance with laws, administrative regulations and relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, be honest and trustworthy, be diligent and conscientious, conduct due diligence on the issuer and its major shareholders, organize the preparation of application documents and issue recommendation documents; After submitting the recommendation documents, actively cooperate with the review of the Shanghai Stock Exchange and the China Securities Regulatory Commission, organize the issuer and various intermediaries to give feedback and reply to the opinions of the Shanghai Stock Exchange and the China Securities Regulatory Commission, and conduct professional communication with the Shanghai Stock Exchange and the China Securities Regulatory Commission; After obtaining the approval of issuance registration, in accordance with the requirements of the listing rules of the exchange, submit the relevant documents for the issuance and listing of shares to the Shanghai Stock Exchange, and report to the China Securities Regulatory Commission for the record, and finally successfully complete the sponsorship of the company.

(2) Continuous supervision stage

During the period of continuous supervision, the sponsor and the sponsor representative will continue to supervise the issuer to fulfill its obligations such as standardized operation, compliance with commitments and information disclosure in strict accordance with the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing and other relevant regulations, including but not limited to:

1. Supervise the issuer's standardized operation, pay attention to the construction of the company's internal control system and the operation of internal control;

2. Supervise the issuer to fulfill its information disclosure obligations and review information disclosure documents;

3. Supervise the use of funds raised by the issuer and express opinions;

4. Continue to pay attention to the fulfillment of the commitments of the issuer and relevant shareholders;

5. Supervise the issuer to effectively implement and improve the system to ensure the compliance of related party transactions;

6. Submit the annual continuous supervision report and other relevant documents to the Shanghai Stock Exchange in a timely manner.

(3) Follow-up and continuous supervision of raised funds

At present, the continuous supervision period has been completed, and since the listed company has not yet used up the remaining raised funds, the sponsor will continue to supervise the relevant use of the raised funds of the listed company until the use of the raised funds is completed, urge the listed company to standardize the use of the raised funds and supervise the listed company to strictly fulfill its information disclosure obligations.

4. Major matters and handling during the performance of sponsorship duties

During the performance of the sponsor's sponsor duties, there are no major matters in the company that need to be handled by the sponsor.

5. Explanation and evaluation of the listed company's cooperation with the sponsorship

At the due diligence stage, the issuer is able to provide the sponsor with the documents and materials required for the issuance in a timely manner, and ensure that the information provided is true, accurate and complete, and there are no false records, misleading statements or material omissions; The issuer can actively cooperate with the sponsor's due diligence work in accordance with the requirements of relevant laws and regulations, and participate in the sponsor's guidance and training on stock issuance and listing organized by the sponsor on time; Fully cooperate with intermediaries to carry out due diligence.

During the period of continuous supervision, the issuer is able to operate in accordance with the requirements of relevant laws, regulations and rules, and disclose information in a timely and accurate manner in accordance with the requirements of relevant laws, regulations and rules; For important matters, the issuer is able to notify and communicate with the sponsor in a timely manner, and at the same time provide relevant documents at the request of the sponsor.

6. Explanation and evaluation of the work related to the participation of securities service institutions in the issuance and listing of securities

During the period of securities issuance and listing, the securities service institutions hired by Baichu Electronics perform their work duties, issue relevant reports and provide professional opinions in accordance with the provisions of relevant laws and regulations.

7. Concluding opinions on the review of information disclosure of listed companies

During the period of continuous supervision, the sponsor reviewed the company's information disclosure documents before or after the fact, reviewed the information disclosure system and insider information management system of the listed company, and randomly checked the transmission and disclosure process of material information

documents, check the registration and management of insiders, review the internal control audit reports issued by accountants, etc., and conduct interviews with senior managers.

Based on the aforesaid verification procedures, the sponsor believes that the listed company has established and implemented an information disclosure system in accordance with the provisions of relevant laws and regulations.

8. Concluding opinions on the review of the use of funds raised by listed companies

After verification, the sponsor believes that Baichu Electronics has formulated a management system for raised funds in accordance with relevant laws and regulations, and the management and use of raised funds comply with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, and there is no major situation of illegal use of raised funds.

As of December 31, 2024, the listed company has not used up the remaining raised funds, sponsor

It will continue to fulfill its obligation to continuously supervise the use of raised funds.

9. Other reporting matters required by the China Securities Regulatory Commission and the stock exchange

Not.

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(There is no text on this page, it is the signed page of the "CITIC Securities Co., Ltd. on Shanghai Bochu Electronic Technology Co., Ltd. Continuous Supervision and Sponsorship Summary Report")

Signature of the sponsor representative: YYYYYYYYYYYYYYYYYYYYYYYYYY

Guo Dan

YYYYYYYYYYYYYYYYY

Yu Haiyue

Legal representative of the sponsor: YYYYYYYYYYYYYYYYYYYYYYYYYY

Zhang Youjun

Sponsor's official seal: CITIC Securities Co., Ltd