Sreipu Microelectronics Technology (Suzhou) Co., Ltd.

Special report on the deposit and actual use of raised funds in 2022

According to the China Securities Regulatory Commission's Guidelines for the Supervision of Listed Companies No. 2-Raising of Listed Companies

Relevant regulations such as the Regulatory Requirements for the Management and Use of Funds, the Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules, and the Shanghai Stock Exchange Science and Technology Innovation Board Listed Companies Self-Regulatory Guidelines No. 1-Standardized Operation, etc. The special description of the deposit and actual use of the raised funds of Ruipu Microelectronics Technology (Suzhou) Co., Ltd. (hereinafter referred to as the "Company") in 2022 is as follows:

Basic situation of 1. raised funds

According to the China Securities Regulatory Commission issued on August 18, 2020.

[2020] No. 1824 "Approval on the Registration of the Initial Public Offering of Shares of Ruipu Microelectronics Technology (Suzhou) Co., Ltd.", the company was approved to issue 20,000,000 RMB ordinary shares to domestic investors for the first time, at the issue price per share It is RMB 115.71, the shares are paid in RMB, and the total amount of funds raised is RMB 2,314,200,000.00. The total amount of underwriting sponsorship fees paid by the company, including VAT, is RMB 161,901,432.00 (excluding VAT, RMB 152,737,200.00). After deducting the amount of VAT included in this underwriting sponsorship fee, the actual amount of raised funds received is RMB 2,152,298,568.00 (hereinafter referred to as "raised funds"), which is deposited in the special account for raised funds.

In place on September 15, 2020, by PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership).

Verification and issuance of PricewaterhouseCoopers Zhongtian Inspection Word (2020) No. 0818 Capital Verification Report. The net amount of the total proceeds raised by the Company after deducting all share issue expenses (including VAT underwriting and sponsorship fees and other issue expenses) of RMB 168,453,425.35 was RMB 2,145,746,574.65.

As of December 31, 2022, the company used the raised funds of RMB 840,216,879.94 yuan this year, and the total amount of the raised funds used was RMB 1,330,106,632.88 yuan. The net amount of interest received from the raised funds this year after deducting the handling fee was RMB 575,088.07, and the accumulated interest received from the raised funds The net deduction of income is RMB 1,748,528.42, and the income received for cash management this year is 39,884,126.87

Yuan, the accumulated income received for cash management is RMB 109,840,118.59, and the balance of raised funds is RMB 933,780,582.13, of which the amount used for cash management is RMB 691,008,187.33.

As of December 31, 2022, the balance of the Company's special account for raised funds was RMB 242,772,394.80 (including the net amount of interest income from raised funds minus handling fees). The details are as follows:

Unit: RMB Yuan

Project Amount

3,538,247.13 of the balance of the special account for raised funds at the beginning of the year

Plus: 1,730,000,000.00 of amounts used for cash management at beginning of year

1,733,538,247.13 of balance of raised funds at the beginning of the year

Less: Direct Investment Projects for the Year (453,421,179.94)

Permanently replenish working capital with over-raised funds this year (386,795,700.00)

Add: Net deduction of handling fees from interest income of raised funds for the year 575,088.07

39,884,126.87 of earnings for cash management during the year

Less: Amount used for cash management (691,008,187.33)

242,772,394.80 of the closing balance of the special account for raised funds

2. fund-raising management

In order to standardize the management and use of the raised funds, the Company has formulated the "Management System for Raised Funds of Sreipu Microelectronics Technology (Suzhou) Co., Ltd." according to the actual situation. According to the system, the Company raised funds.

Funds are stored in a special account, and as of December 31, 2022, unused proceeds are deposited in a special account.

The balance is as follows:

Unit: RMB Yuan

Raised funds account opening bank account bank account deposit method balance

China Merchants Bank Co., Ltd. Shanghai 512907605910318 Demand Deposit 13,233,609.92

Sea Branch

Shanghai Pudong Development Bank shares have 96100078801700000793 demand deposits 160,460.74.

Limited Company Jinqiao Sub-branch

China Merchants Bank Co., Ltd. Shanghai 512907605910611 Demand Deposit 88,043,019.76

Hai Branch Business Department

China Merchants Bank Co., Ltd. 512907605910105 Demand Deposit 141,335,304.38

Hai Branch Business Department

Total 242,772,394.80

The Company has adopted a special account for the storage and management of the proceeds in accordance with the regulations, opened a special account for the proceeds, and

On September 15, 2020, with the sponsor Haitong Securities Co., Ltd., the fund-raising special account supervision bank.

Shanghai Branch of China Merchants Bank Co., Ltd., Jinqiao Sub-branch of Shanghai Pudong Development Bank Co., Ltd., High-tech Industrial Development Zone Sub-branch of Bank of Suzhou Co., Ltd. and Park Sub-branch of Suzhou Branch of China Merchants Bank Co., Ltd. signed the Tripartite Supervision Agreement on Special Account Storage of Raised Funds.

After the fifth meeting of the third board of directors and the third supervisor of the company held on June 14, 2022

The fifth meeting of the meeting and the second interim general meeting of shareholders in 2022 to be held on June 30, 2022,

It is agreed that the company will use over-raised funds to invest in the construction of "R & D industrialization project of vehicle-grade analog chips" (investment amount is 685.1411 million yuan) and "R & D industrialization project of high-performance power chips" (investment amount is 291.2354 million yuan

Yuan), on August 6, 2022, the company completed the "car-level analog chip research and development and industrialization project" and.

Special account for raising funds for "high-performance power chip research and development and industrialization project" (hereinafter referred to as "special account")

The account numbers are 512907605910611 and 512907605910105 respectively. 18 August 2022

On the same day, the company signed the "Tripartite Supervision Agreement on the Storage of Raised Funds in Special Account" with the sponsor Haitong Securities Co., Ltd. and the Shanghai Branch of China Merchants Bank Co., Ltd., a special bank for raising funds. On August 30, 2022, the Company completed the capital injection into the above two special accounts.

The above-mentioned tripartite agreement clarifies the rights and obligations of all parties, and there are no major differences with the Shanghai Stock Exchange's "Tripartite Supervision Agreement for the Storage of Raised Funds (Model).

In 2022, the raised funds deposited in the special accounts of Suzhou bank co., ltd. high-tech industrial development zone sub-branch (account number: 51295400000882), Shanghai Pudong development bank co., ltd. jinqiao sub-branch (account number: 98840078801300002605) and China merchants bank co., ltd. Suzhou branch park sub-branch (account number: 512907605910901) have been used up, and the company has canceled the above special accounts of raised funds in 2022.

3. the actual use of funds raised in the current year

The use of funds for (I) fund-raising investment projects (hereinafter referred to as "fund-raising projects")

During the year, the actual use of the funds raised by the Company is detailed in the comparison table of the use of funds raised in Schedule 1.

Pre-investment and replacement of (II) fund-raising projects

During the year, there was no advance investment or replacement of the Company's fundraising projects.

(III) the use of over-raised funds to permanently replenish liquidity or repay bank loans.

The company held the fifth meeting of the third board of directors and the third board of supervisors on June 14, 2022.

Five meetings, and the second interim general meeting of shareholders in 2022 will be held on June 30, 2022, which will be considered and approved.

The "Proposal on the Use of Part of the Over-raised Funds to Invest in the Construction of New Projects and Permanent Replenishment of Working Capital" (hereinafter referred to as the "Proposal on the Use of Over-raised Funds"), it is agreed that the company will use over-raised funds of 386.7957 million yuan (excluding interest and cash management income) Used to permanently supplement working capital. The use of over-raised funds to permanently replenish the working capital will not affect the capital demand for the construction of the fund-raising project and the normal implementation of the fund-raising project, and within 12 months after replenishing the working capital, the company will not make high-risk investments and provide financial assistance to objects other than the holding subsidiary. The amount of over raised funds to be used for permanent replenishment of working capital accounts for 29.70 of the total amount of over raised funds. In the past 12 months, the amount of over raised funds for permanent replenishment of working capital has not exceeded 30% of the total amount of over raised funds, which is in line with the relevant provisions of China Securities Regulatory Commission and Shanghai Stock Exchange. The independent directors of the company have expressed their independent opinions on the above matters, and the sponsor Haitong Securities Co., Ltd. has issued a no objection verification opinion on the above matters.

As of December 31, 2022, the amount of liquidity that the Company has used over-raised funds to permanently replenish is

386.7957 million yuan.

(IV) cash management of idle proceeds and investment in related products

On July 27, 2022, the sixth meeting of the third board of directors of the company and the third session6th Board of Supervisors

The meeting considered and adopted the motion on the use of some idle funds raised by the company for cash management. The board of directors agreed that under the premise of ensuring the normal progress of the investment projects of the raised funds and the safety of the raised funds, the idle raised funds of no more than RMB 1600 million yuan shall be used to purchase low-risk capital-guaranteed financial products with high security and good liquidity in a timely manner, and the use period shall not exceed 12 months. Within the aforementioned quota and time limit, the company can use it on a rolling basis, the above amount means that the maximum balance of cash management in a single day does not exceed RMB 1600 million yuan (inclusive).

In 2022, the Company used idle proceeds for cash management as follows:

Type of trustee Amount ($) Start and end time Income type Maturity period (days)

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2021/10/20-2022/01/20 Capital Guaranteed Floating Income is 92

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2021/11/01-2022/02/14 Capital Guaranteed Floating Income is 105

Bank of Communications Jiangsu Pilot Free Trade Zone Suzhou Area Sub-branch Structured Deposit 900,000,000.00 2021/12/27-2022/03/23 Capital Guaranteed Floating Income is 86

CITIC Bank Suzhou Branch Business Department Structured Deposit 200,000,000.00 2021/12/24-2022/03/21 Capital preservation floating income is 87

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2021/12/23-2022/03/23 Capital Guaranteed Floating Income is 90

China Merchants Bank Co., Ltd. Shanghai Branch Structured Deposit 330,000,000.00 2021/12/27-2022/03/28 Capital Guaranteed Floating Income is 91

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/1/21-2022/4/21 Capital Guaranteed Floating Income is 90

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/2/16-2022/5/16 Capital Guaranteed Floating Income is 89

CITIC Bank Suzhou Branch Business Department Structured Deposit 200,000,000.00 2022/3/25-2022/6/23 Capital Guaranteed Floating Income is 90

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/3/25-2022/6/24 Capital Guaranteed Floating Income is 91

Bank of Communications Jiangsu Pilot Free Trade Zone Suzhou Branch Structured Deposit 900,000,000.00 2022/3/30-2022/6/28 Capital Guaranteed Floating Income is 90

China Merchants Bank Co., Ltd. Shanghai Branch Structured Deposit 200,000,000.00 2022/4/1-2022/6/29 Capital Guaranteed Floating Income is 89

China Merchants Bank Co., Ltd. Shanghai Branch Structured Deposit 140,000,000.00 2022/4/6-2022/6/29 Capital Guaranteed Floating Income is 84

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/4/22-2022/7/22 Capital Guaranteed Floating Income is 90

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/5/18-2022/6/17 Capital Guaranteed Floating Income is 30

Shanghai Pudong Development Bank Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/8/17-2022/8/31 Capital Guaranteed Floating Income is 14

Bank of Communications Jiangsu Pilot Free Trade Zone Suzhou Branch Structured Deposit 64,000,000.00 2022/7/11-2022/9/13 Capital Guaranteed Floating Income is 64

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 980,000,000.00 2022/07/08-2022/08/12 Capital Guaranteed Floating Income is 35

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 988,000,000.00 2022/08/16-2022/08/24 Capital Guaranteed Floating Income is 8

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 290,000,000.00 2022/08/31-2022/09/15 Capital Guaranteed Floating Income is 29

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 650,000,000.00 2022/08/31-2022/09/29 Capital Guaranteed Floating Income is 29

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/9/7-2022/9/29 Capital Guaranteed Floating Income is 22

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 12,970,000.00 2022/09/15-2022/09/29 Capital Guaranteed Floating Income is 14

China Merchants Bank Co., Ltd. Suzhou Branch Park Sub-branch Seven-day Notice Deposit 64,423,349.08 2022/09/16-2022/09/27 Capital Guaranteed Floating Income is 11

Shanghai Pudong Development Bank Co., Ltd. Jinqiao Sub-branch Seven-day Notice Deposit 91,008,187.33 2022/09/23-Rolling Capital Guaranteed Floating Income No 99

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 100,000,000.00 2022/09/29-2022/10/15 Capital Guaranteed Floating Income is 16

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 45,473,637.13 2022/09/29-2022/12/29 Capital Guaranteed Floating Income is 91

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 65,000,000.00 2022/09/30-2022/12/29 Capital Guaranteed Floating Income is 90

Bank of Communications Jiangsu Pilot Free Trade Zone Suzhou Area Sub-branch Structured Deposit 600,000,000.00 2022/10/10-2022/12/28 Capital Guaranteed Floating Income is 79

Shanghai Pudong Development Bank Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/10/8-2022/12/28 Capital Guaranteed Floating Income is 80

Shanghai Pudong Development Bank Jinqiao Sub-branch Structured Deposit 100,000,000.00 2022/10/8-2022/12/28 Capital Guaranteed Floating Income is 80

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 100,000,000.00 2022/10/19-2022/12/29 Capital Guaranteed Floating Income is 71

China Merchants Bank Co., Ltd. Shanghai Branch Seven-day Notice Deposit 13,166,204.79 2022/09/29-2022/12/29 Capital Guaranteed Floating Income is 91

Bank of Communications Jiangsu Pilot Free Trade Zone Suzhou Branch Structured Deposit 600,000,000.00 2022/12/30-2023/3/28 Capital Guaranteed Floating Income No 88

In 2022, the Company's proceeds from cash management using idle proceeds totaled $39,884,126.87.

(V) of over-raised funds for projects under construction and new projects (including acquisition of assets, etc.)

The Company held the Board of Directors, the Supervisory Board and the General Meeting of Shareholders in June 2022 to consider and approve the "MakeWith super

The Proposal on Raising Funds agrees that the company will use over-raised funds of 976.3765 million yuan (including interest and cash management income) to invest in new projects:(1) the investment amount of "research and development and industrialization project of vehicle-level analog chips" is expected to be 685.1411 million yuan, and the proposed over-raised funds amount is 685.1411 million yuan;(2) The investment amount of "High Performance Power Chip Research and Development and Industrialization Project" is expected to be 291.2354 million yuan, the amount of over-raised funds to be used is 291.2354 million yuan. The independent directors of the company expressed their independent opinions on the above matters, the board of supervisors expressed their opinions on the above matters, and the sponsor Haitong Securities Co., Ltd. issued a no objection verification opinion on the above matters.

As of December 31, 2022, the Company has used over-raised funds to invest in the research and development and production of vehicle-grade analog chips.

The amount of industrialization project is 102.1554 million yuan, and the amount of high-performance power chip and industrialization project is 51.8049 million yuan.

4. changes in the use of funds for fundraising projects

The Company's fundraising projects have not changed during the year.

Problems in the use and disclosure of 5. raised funds

There is no untimely, untrue, inaccurate or incomplete disclosure of the relevant information disclosed by the Company.

The concluding opinion of the 6. accounting firm on the forensic report issued by the company's 2022 fund-raising deposit and actual use.

After attestation, PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership) believes that: the above-mentioned special report on the deposit and actual use of raised funds is compiled in all major aspects in accordance with the China Securities Regulatory Commission Announcement [2022] No. 15 "Guidelines for the Supervision of Listed Companies No. 2-Regulatory Requirements for the Management and Use of Raised Funds of Listed Companies (Revised in 2022)" and the "Guidelines for Self-Regulation of Listed Companies on the Science and Technology Innovation Board of Shanghai Stock Exchange No. 1-Standardized Operation" promulgated by the Shanghai Stock Exchange, and in all material respects truthfully reflects the deposit and actual use of the proceeds of Sreipu 2022.

Concluding opinions of the special verification report issued by the 7. sponsor on the deposit and actual use of the company's raised funds in 2022

After verification, Haitong Securities Co., Ltd. believes that, the deposit and use of the company's funds raised in 2022 comply with the "Administrative Measures for Securities Issuance and Listing Sponsor Business", "Listed Company Supervision Guidelines No. 2-Regulatory Requirements for the Management and Use of Funds Raised by Listed Companies", "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules", "Shanghai Stock Exchange Science and Technology Innovation Board Listed Companies Self-Regulatory Guidelines No. 1-Standardized Operation" and other relevant regulations and the company's fund-raising management system, the company has stored and used the raised funds in a special account. As of December 31, 2022, there is no disguised change in the use of the raised funds and damage to the interests of shareholders, and there is no illegal use of the raised funds. There is no violation of relevant national anti-money laundering laws and regulations in the use of the raised funds. In summary, the sponsor has no objection to the deposit and use of the funds raised by Sreipu in 2022.

It is hereby reported.

Board of Directors of Sreipu Microelectronics Technology (Suzhou) Co., Ltd.

April 14, 2023

Schedule 1: Comparison Table of the Use of Funds Raised by Sreipu Microelectronics Technology (Suzhou) Co., Ltd. in 2022

Amount Unit: RMB Yuan

Total raised funds 2,145,746,574.65 Total raised funds invested in this year 840,216,879.94

Total amount of raised funds for change of use -1,330,106,632.88 of the total amount of raised funds that have been invested.

Percentage of total proceeds for change of use-

Changed as of the end of the cumulative end of the period project can be.

Projects, including the total investment after the adjustment of the raised funds as of the end of the commitment to the end of the current year investment as of the end of the cumulative investment amount and the end of the project to reach the pre-current year whether the line is.

Investment project part of the total amount of change investment amount (1) amount of investment amount (2) the progress of the amount of investment amount (%) the expected benefits that can be used to achieve the expected benefits occur.

More (e. g. difference (3)=(2)-(4) = significant change in state date benefit

Yes) (1) (2)/(1)

Committed Investment Project

analog integrated electric

Road Product Development No 360,000,000 360,000,000 360,000,000 148,377,023 286,758,596 (73,241,404) 79.66 September 2023 Not Applicable Not Applicable No

and industrialization items

Objective

R & D Center Built No 235,000,000 235,000,000 235,000,000 151,082,991 244,765,715 9,765,715 104.16% November 2022 Not Applicable Not Applicable No

Project

Supplementary Liquidity No 255,000,000 255,000,000 255,000,000 928 257,826,384 2,826,384 101.11% N/A N/A N/A No

Gold Project

Subtotal -850,000,000 850,000,000 850,000,000 299,460,942 789,350,695 (60,649,305) 92.86% - - - -

Over-raised investment projects

Permanent Replenishment Stream None -386,795,700 386,795,700 386,795,700 386,795,700 - 100.00% N/A N/A N/A N/A No

Moving funds

No -685,141,100 685,141,100 102,155,385 102,155,385 (582,985,715) 14.91% June 2025 Not Applicable No

Chip R & D and

industrialization project

High Performance Power Supplies

Chip R & D and None -291,235,400 291,235,400 51,804,853 51,804,853 (239,430,547) 17.79% June 2025 Not Applicable Not Applicable No.

industrialization project

Over-raised funds are small -1,363,172,200 1,363,172,200 540,755,938 540,755,938 (822,416,262) 39.67% N/A N/A N/A No

meter

Total -850,000,000 2,213,172,200 2,213,172,200 840,216,880 1,330,106,633 (883,065,567) 60.10-- - -

Reasons for not meeting the planned schedule (by specific fundraising projects) Not applicable.

Description of circumstances where there has been a significant change in the feasibility of the project Not applicable.

The advance investment and replacement of the fund-raising investment project is not applicable.

Temporary replenishment of liquidity with idle proceeds There was no temporary replenishment of liquidity with idle proceeds this year.

Cash management of idle raised funds, investment-related products are detailed in the "3. (IV) on the actual use of raised funds this year".

For details of the use of over-raised funds to permanently replenish liquidity or repay bank loans, please refer to the "(III) on the Actual Use of Funds Raised by the 3. in the Year".

The amount of the fund-raising balance and the reasons for the formation of the fund-raising this year is still in the process of investment, there is no fund-raising balance.

Supplementary working capital projects and R & D center projects have completed all inputs as of the end of this period, and the two projects have committed to raise funds as follows

Other uses of the raised funds are 255,000,000 yuan and 235,000,000 yuan, and the actual investment raised funds are 257,826,384 yuan and 244,765,715 yuan respectively.Enter Super

The portion of the commitment investment is the income and interest income generated by the Company's use of the proceeds for cash management, which are $2,826,384 and $, respectively.

9,765,715 yuan.

The data in the above table is rounded to the whole column.

Note 1: The "total amount of funds raised for the current year" includes the "amount invested for the current year" after the funds raised are received and the amount actually replaced by the pre-invested funds raised for investment projects.

Note 2: The "committed investment amount as of the end of the period" is determined on the basis of the most recent disclosed fund-raising investment plan.