CITIC Securities Co., Ltd.'s summary report on the initial public offering of shares of Tianneng Battery Group Co., Ltd. and its listing on the Science and Technology Innovation Board

Sponsor Number: Z20374000 Filing time: April 2025

1. Basic information of the issuer

Company name: Tianneng Battery Group Co., Ltd

Company abbreviation

The company abbreviates as Tianneng shares

Stock Code

Stock Code 688819.SH

Registered address

Registered address: Coal Mountain Town Industrial Park, Changxing County, Zhejiang Province

Business address

Office address: Coal Mountain Town Industrial Park, Changxing County, Zhejiang Province

Legal representative

Legal representative: Zhang Tianren

Actual controller

The actual controller is Zhang Tianren

Secretary of the Board of Directors

Secretary of the Board of Directors Hu Minxiang

The place where the securities are listed

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

2. Overview of the issuance

After the review and approval of the Listing Committee of the Science and Technology Innovation Board of the Shanghai Stock Exchange, and in accordance with the approval registration document issued by the China Securities Regulatory Commission [2020] No. 3173, Tianneng Battery Group Co., Ltd. (hereinafter referred to as "Tianneng Shares" or the "Company") is adopted by CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") to strategic investors for directional placement, 116.6 million RMB ordinary shares (A shares) were publicly issued to the public at an issue price of RMB 41.79 per share, with a total amount of RMB 487,271.40 million raised after deducting the issuance fee of RMB 142,980,900 excluding tax, and the actual net amount of funds raised was 472,000 yuan. 9,733,100 yuan. Zhonghui Certified Public Accountants (Special General Partnership) verified the funds in place for the company's public issuance of new shares, and issued the "Capital Verification Report" (Zhonghui Huiyan [2021] No. 0026) on January 11, 2021. The company was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on January 18, 2021.

3. Overview of sponsorship work

During the due diligence recommendation period, the sponsor institution 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 the business norms and industry norms in accordance with laws, administrative regulations and the relevant provisions 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, take the initiative to 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 issuance approval documents, 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.

During the period of continuous supervision, the sponsor institution and the sponsor representative shall 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, the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 11 - Continuous Supervision, etc., and the main work includes but is 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 fairness and 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.

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 recommendation 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 is able to actively cooperate with the sponsor's due diligence in accordance with the requirements of relevant laws and regulations

Check the work, and participate in the stock issuance and listing counseling training 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 as requested by 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 Tianneng shares perform their 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, randomly checked the transmission and disclosure process documents of material information, checked the registration and management of insiders of inside information, reviewed the internal control audit report issued by the accountant, and conducted interviews with senior management.

Based on the above-mentioned verification procedures, the sponsor believes that during the period of continuous supervision, 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 Tianneng shares have 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 are no violations of laws and regulations.

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

Not.

(There is no text on this page, which is the signature page of the "CITIC Securities Co., Ltd. on the Initial Public Offering of Shares of Tianneng Battery Group Co., Ltd. and the Listing on the Science and Technology Innovation Board and Continuous Supervision and Sponsorship Summary Report").

Signature of the sponsor representative: YYYYYYYYYYYYYYYYYYYYYYYYYY

Wang Yizhen

YYYYYYYYYYYYYYYYY

Xiang Xiaojuan

Legal representative of the sponsor: YYYYYYYYYYYYYYYYYYYYYYYYYY

Zhang Youjun

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

Attachment: The original text of the announcement