国盛证券有限责任公司 关于 力盛云动（上海）体育科技股份有限公司 向特定对象发行股票 之 上市保荐书 保荐机构（主承销商） 正券 (南昌市新建区子实路 1589 号) 3-3-1 声 明 国盛证券有限责任公司（以下简称"国盛证券"、"保荐机构"或"本保荐 机构"）及其保荐代表人汪晨杰、江翔根据《中华人民共和国公司法》（下称《公 司法》"）、《中华人民共和国证券法》（下称"《证券法》"）、《上市公司 证券发行注册管理办法》（以下简称"《注册管理办法》"）《证券发行上市保 荐业务管理办法》（以下简称"《保荐管理办法》"）等有关法律、法规和中国 证券监督管理委员会（以下简称"中国证监会"）的有关规定以及深圳证券交易 所（以下简称"深交所"）的有关业务规则，诚实守信，勤勉尽责，严格按照依 法制定的业务规则和行业自律规范出具本上市保荐书，并保证上市保荐书的真实、 准确、完整。 如无特别说明，本上市保荐书中所涉简称与《力盛云动（上海）体育科技股 份有限公司 2023 年度向特定对象发行 A 股股票募集说明书》一致。 3-3-2 第一节 发行人基本情况 一、发行人的基本信息 公司中文名称:力盛云动(上海)体育科技股份有限公 ...

国盛证券有限责任公司 关于 力盛云动（上海）体育科技股份有限公司 向特定对象发行股票 之 发行保荐书 保荐机构（主承销商） (南昌市新建区子实路 1589 号) 3-1-1 声 明 国盛证券有限责任公司（以下简称"国盛证券"或"保荐人"）接受力盛云 动（上海）体育科技股份有限公司（以下简称"力盛体育""发行人"或"公司"） 委托，担任其 2023 年度向特定对象发行 A 股股票的保荐人。 保荐人及指定的保荐代表人已根据《中华人民共和国公司法》《中华人民共 和国证券法》《证券发行上市保荐业务管理办法》《上市公司证券发行注册管理办 法》等有关法律、法规和中国证券监督管理委员会及深圳证券交易所的有关规定， 诚实守信，勤勉尽责，严格按照依法制订的业务规则和行业执业规范出具本发行 保荐书，并保证所出具文件真实、准确、完整。 非经特别说明，本发行保荐书中所用简称，均与《力盛云动（上海）体育科 技股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书》中具有相同含 义。 3-1-2 第一节 本次证券发行基本情况 一、保荐机构项目人员情况 （一）保荐机构名称 国盛证券有限责任公司（以下简称"本保荐机构"或"国盛证券 ...

力盛云动(上海)体育科技股份有限公司 2023 年度审计报告 6-1-1 n t the state and and the | | | | 一、审计报告 … | | --- | | 二、财务报表 …………………………………………………………………………… 第 7-14 页 | | (一) 合并资产负债表 ……………………………………………………… 第 7 页 | | (二)母公司资产负债表 ……………………………………………………………………………………… 第8页 | | (三)合并利润表 … | | (四)母公司利润表 ………………………………………………………………………………………………………第 10 页 | | (五) 合并现金流量表 | | (六) 母公司现金流量表……………………………………………………第 12 页 | | (七) 合并所有者权益变动表 ……………………………………………………第 13 页 | | (八)母公司所有者权益变动表 ………………………………………………………………………………… 第 14 页 | | 三、财务报表附注………………………………………………………………… ...

力盛云动（上海）体育科技股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书 股票简称：力盛体育 股票代码：002858 力盛云动（上海）体育科技股份有限公司 （注册地址：上海市松江区佘山镇沈砖公路 3000 号） 2023 年度向特定对象发行 A 股股票 募集说明书 （五次修订稿） 保荐机构（主承销商） （江西省南昌市新建区子实路 1589 号) 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由 发行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资 风险。 1-1-1 力盛云动（上海）体育科技股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书 重大事项提示 公司特别提请投资者注意，在作出投资决策之前，务必仔细阅读本募集说 明书正文内容，并特别关注以下重要事项。 二〇二四年九月 力盛云动（上海）体育科技股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书 声 明 本公司及全体董事、监事、高级管理人员承诺募集说明书及其他信息披露 资料不存在任何虚假记载、误导性陈述或重大遗漏 ...

国浩律师（上海）事务所 关于 力盛云动（上海）体育科技股份有限公司 2023 年度向特定对象发行 A 股股票 之 之 补充法律意见书（五） 致：力盛云动（上海）体育科技股份有限公司 国浩律师（上海）事务所（以下简称"本所"）依据与力盛云动（上海） 体育科技股份有限公司（以下简称"发行人"或"公司"）签署的《非诉讼法 律服务委托协议》，担任发行人 2023 年度向特定对象发行 A 股股票（以下简 称"本次发行"）的特聘专项法律顾问。 补充法律意见书（五） 上海市北京西路 968 号嘉地中心 23~27 层 邮编：200041 23-27th Floor, Garden Square, No. 968 West Beijing Road, Shanghai 200041, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5243 3320 网址/Website: http://www.grandall.com. 二〇二四年九月 | 第一节 律师申明事项 | 3 | | --- | --- | | 第二节 正文 | 5 | | 第一部分 年半年报更新 5 2024 | | ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥109,788,056.18, representing a 16.67% increase year-over-year[2]. - Net profit attributable to shareholders was ¥423,210.54, a significant increase of 104.88% compared to the same period last year[2]. - The net profit after deducting non-recurring gains and losses was -¥220,663.10, reflecting a 97.59% decrease year-over-year[2]. - Basic earnings per share for Q3 2024 was ¥0.0042, up 107.68% from the same period last year[2]. - Total revenue for the third quarter reached CNY 332,622,442.97, an increase of 20.7% compared to CNY 275,626,802.68 in the same period last year[16]. - The net profit for Q3 2024 was approximately ¥32.73 million, compared to ¥22.75 million in Q3 2023, marking a year-over-year increase of 43.8%[17]. - The total comprehensive income for Q3 2024 was approximately ¥32.11 million, compared to ¥26.42 million in Q3 2023, indicating an increase of 21.5%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥98,771,934.37, showing a substantial increase of 471.49% compared to the previous year[2]. - The cash flow from operating activities for Q3 2024 was approximately ¥98.77 million, a significant improvement from a negative cash flow of ¥26.59 million in Q3 2023[18]. - The net cash flow from financing activities for Q3 2024 was approximately -¥74.86 million, a decline from a positive cash flow of ¥45.80 million in Q3 2023[19]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,019,367,773.17, a decrease of 0.78% from the end of the previous year[2]. - The total liabilities decreased by 1.00% to ¥580,477,066.10 compared to the end of the previous year[2]. - Current assets totaled CNY 464,250,594.28, a decrease of 0.3% from CNY 465,557,209.71[14]. - The total liabilities were CNY 335,708,670.73, a marginal increase from CNY 334,964,701.96[15]. - The total equity attributable to shareholders was CNY 580,477,066.10, down from CNY 586,368,993.06[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,265[7]. - The largest shareholder, Xia Qing, holds 12.29% of the shares, totaling 20,150,000 shares[7]. - The second largest shareholder, Shanghai Saisai Investment Co., Ltd., holds 9.93% of the shares, totaling 16,277,800 shares, with 6,650,000 shares pledged[7]. Performance Compensation - The company has not yet received the performance compensation of RMB 18.1529 million from the actual controller of Yuedong Tianxia due to unmet performance targets in 2022 and 2023[10]. - The company is in discussions regarding the performance compensation plan, which may involve offsetting the compensation with equity held by the actual controller of Yuedong Tianxia[10]. - The company has engaged legal counsel to draft relevant legal documents to pursue the performance compensation through judicial means[11]. - The report indicates that the company is actively communicating with the performance commitment party regarding the compensation scheme[10]. - The company is focused on optimizing the governance structure of Yuedong Tianxia to ensure the achievement of future performance targets[10]. Investment Activities - The company reported a significant increase in prepayments, which rose by 271.28% to ¥37,684,679.00, mainly due to new prepayments for racing cars and event rights fees[4]. - The company recorded a 595.21% increase in construction in progress, amounting to ¥17,791,650.87, primarily due to new training vehicle modifications[4]. - The company’s cash flow from investing activities increased by 244.34% to ¥40,400,527.21, mainly due to the redemption of structured deposits[6]. - The company raised approximately ¥4.90 million from new investments in Q3 2024, compared to ¥25.40 million in Q3 2023, showing a decrease of 80.7%[19]. - The company’s total assets increased, with cash inflows from investment activities totaling approximately ¥573.25 million in Q3 2024, slightly down from ¥581.85 million in Q3 2023[18]. Operating Costs - Operating costs amounted to CNY 250,908,386.64, up from CNY 202,764,613.48, reflecting a rise of 23.7% year-over-year[16]. - The company’s operating expenses increased to approximately ¥385.34 million in Q3 2024 from ¥367.70 million in Q3 2023, reflecting a rise of 4.5%[18].

Investment Rating - The report indicates a negative outlook for the company, highlighting continuous losses and lack of performance support for new fundraising efforts [1][4][10]. Core Insights - The company has experienced four consecutive years of losses, with a significant reliance on the automotive sports sector for revenue [1][4]. - The automotive sports market in China is still in its infancy, with a market size of only 1.3 billion in 2021, indicating limited growth potential [3]. - The company has attempted to diversify its business model but has faced challenges, including poor performance from acquired entities and ongoing project delays [10][13]. Revenue Breakdown - The company's revenue sources are primarily from event operations (66.14%), track operations (24.56%), and other activities [2]. - The company reported a revenue of 1.47 billion from event operations, which remains its largest income source [2]. Financial Performance - The company’s revenue has fluctuated significantly, with a peak of 4.4 billion in 2019, followed by a sharp decline to 2 billion in 2020 due to the pandemic [6]. - The net profit margin has been negative since 2020, with a net loss of nearly 200 million in 2023 attributed to impairment losses from acquisitions [10][12]. Project Delays and Fundraising - The company has faced multiple delays in its fundraising projects, with significant portions of raised funds being allocated to operational liquidity rather than growth initiatives [13][14]. - A recent fundraising effort aims to raise 500 million, with a substantial portion earmarked for a new racetrack project in Hainan, which has a long construction timeline [19][20]. Management and Shareholder Actions - The actual controller of the company has reduced their stake by 7%, raising concerns about management confidence in the company's future [13][17]. - The company has historically provided minimal dividends, with only 17 million distributed over several years, indicating a lack of cash flow for shareholder returns [22].

Group 1: Financial Performance and Investments - As of the first half of 2024, the total investment in the Hainan World New Energy Vehicle Experience Center project is approximately CNY 170 million, with the company contributing about CNY 100 million and Hainan Automotive Ecological Park contributing around CNY 70 million [2]. - The company plans to issue no more than 48.01 million shares, raising up to CNY 498 million, with the issuance price being a critical factor for the total funds raised [8]. - The company aims to improve revenue stability by diversifying its business types and methods to reduce seasonal revenue fluctuations [3]. Group 2: Strategic Development and Market Expansion - The company operates 45 events in total as of the first half of 2024, including 21 overseas events and 24 domestic events, focusing on expanding its global market presence [3]. - The company is actively exploring the integration of sports, culture, and tourism, aiming to create high-quality consumption scenarios in the sports industry [7]. - The company has established a multi-level event IP system, enhancing its competitive edge in the sports industry [7]. Group 3: Technological Integration and Innovation - The company is leveraging AI, big data, and IoT technologies to enhance its digital sports services, focusing on digitalizing sports behavior and providing comprehensive solutions for various stakeholders [4]. - The company is involved in developing a sports evaluation system in collaboration with local education authorities, utilizing AI technology to integrate sports education [4]. - The company is exploring opportunities in low-altitude economy and drone training services, aiming to optimize venue management through technological advancements [7]. Group 4: Government Support and Policy Alignment - The Hainan New Energy Vehicle Experience Center project is recognized as a significant investment project by the Hainan Provincial Development and Reform Commission, receiving strong support from local governments [3]. - The company is committed to maintaining continuous interaction with relevant government departments to secure policy support for project progress [4]. - The company is well-positioned to benefit from national policies promoting the integration of service consumption and sports development [5].

国盛证券有限责任公司 关于 力盛云动（上海）体育科技股份有限公司 向特定对象发行股票 之 发行保荐书 保荐机构（主承销商） (南昌市新建区子实路 1589 号) 3-1-1 声 明 国盛证券有限责任公司（以下简称"国盛证券"或"保荐人"）接受力盛云 动（上海）体育科技股份有限公司（以下简称"力盛体育""发行人"或"公司"） 委托，担任其 2023 年度向特定对象发行 A 股股票的保荐人。 保荐人及指定的保荐代表人已根据《中华人民共和国公司法》《中华人民共 和国证券法》《证券发行上市保荐业务管理办法》《上市公司证券发行注册管理办 法》等有关法律、法规和中国证券监督管理委员会及深圳证券交易所的有关规定， 诚实守信，勤勉尽责，严格按照依法制订的业务规则和行业执业规范出具本发行 保荐书，并保证所出具文件真实、准确、完整。 非经特别说明，本发行保荐书中所用简称，均与《力盛云动（上海）体育科 技股份有限公司 2023 年度向特定对象发行 A 股股票募集说明书》中具有相同含 义。 3-1-2 第一节 本次证券发行基本情况 一、保荐机构项目人员情况 （一）保荐机构名称 国盛证券有限责任公司（以下简称"本保荐机构"或"国盛证券 ...

国盛证券有限责任公司 关于 力盛云动（上海）体育科技股份有限公司 向特定对象发行股票 之 上市保荐书 保荐机构（主承销商） 正券 (南昌市新建区子实路 1589 号) 3-3-1 声 明 国盛证券有限责任公司（以下简称"国盛证券"、"保荐机构"或"本保荐 机构"）及其保荐代表人汪晨杰、江翔根据《中华人民共和国公司法》（下称《公 司法》"）、《中华人民共和国证券法》（下称"《证券法》"）、《上市公司 证券发行注册管理办法》（以下简称"《注册管理办法》"）《证券发行上市保 荐业务管理办法》（以下简称"《保荐管理办法》"）等有关法律、法规和中国 证券监督管理委员会（以下简称"中国证监会"）的有关规定以及深圳证券交易 所（以下简称"深交所"）的有关业务规则，诚实守信，勤勉尽责，严格按照依 法制定的业务规则和行业自律规范出具本上市保荐书，并保证上市保荐书的真实、 准确、完整。 如无特别说明，本上市保荐书中所涉简称与《力盛云动（上海）体育科技股 份有限公司 2023 年度向特定对象发行 A 股股票募集说明书》一致。 3-3-2 第一节 发行人基本情况 一、发行人的基本信息 公司中文名称:力盛云动(上海)体育科技股份有限公 ...