Core Viewpoint - The transaction by Shanghai Aopumai Biotechnology Co., Ltd. to acquire 100% equity of Pengli Bio-pharmaceutical Technology (Shanghai) Co., Ltd. through a combination of share issuance and cash payment does not constitute a major asset restructuring as per the relevant regulations [1][2][4]. Group 1: Transaction Details - The transaction involves the acquisition of 100% equity of Pengli Bio-pharmaceutical by issuing shares and cash to multiple investors [1][2]. - The company plans to raise supporting funds by issuing shares to no more than 35 specific investors [2]. Group 2: Regulatory Compliance - The independent financial advisor, Guotai Junan Securities Co., Ltd., conducted a review and confirmed that the transaction does not lead to a change in control of the company [4]. - The current controlling shareholder is Mr. Xiao Zhihua, and the actual controllers are Mr. Xiao and Mrs. He Yunfen, indicating stability in control post-transaction [4].

国泰海通证券股份有限公司 关于 中科院成都信息技术股份有限公司发行股份 及支付现金购买资产并募集配套资金 暨关联交易 之部分限售股份解除限售的核查意见 独立财务顾问 （中国（上海）自由贸易试验区商城路 618 号） 签署日期：二〇二五年六月 国泰海通证券股份有限公司（以下简称"国泰海通证券"、"本独立财务顾问"） 作为中科院成都信息技术股份有限公司（以下简称"中科信息"、"上市公司"或"公 司"）发行股份及支付现金购买资产并募集配套资金暨关联交易（以下简称"本次 交易"）的独立财务顾问，根据《证券发行上市保荐业务管理办法》 《上市公司重 大资产重组管理办法》 《深圳证券交易所创业板股票上市规则》 《深圳证券交易所 上市公司自律监管指引第 2 号—创业板上市公司规范运作》等相关法律法规的 规定，对本次交易部分限售股份解除限售情况进行了审慎核查，具体核查情况如 下： 一、公司本次解除限售股份情况 （一）本次解除限售股份的发行及上市情况 管理委员会（以下简称"中国证监会"）于 2021 年 9 月 23 日出具的《关于同意中 科院成都信息技术股份有限公司向成都中科唯实仪器有限责任公司等发行股份 购买资产并募集配套资 ...

国泰海通证券股份有限公司 关于苏州市味知香食品股份有限公司 关于差异化权益分派特殊除权除息的业务申请的核查意见 国泰海通证券股份有限公司（以下简称"保荐机构"、"国泰海通"）作为 苏州市味知香食品股份有限公司（以下简称"味知香"、"公司"）持续督导的 保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票上市 《上海证券交易所上市公司自律监管指引第 7 号——回购股份》 规则》 《上海证券 交易所上市公司自律监管指南第 2 号——业务办理》等有关规定，就味知香差异 化权益分派特殊除权除息的业务申请事项进行了审慎核查，发表核查意见如下： 一、审议通过的差异化权益分派方案 公司将按照以下公式计算除权除息开盘参考价： 除权（息）参考价格=（前收盘价格-现金红利）÷（1+流通股份变动比例） 公司于 2025 年 4 月 25 日召开第三届董事会第六次会议审议通过了《关于公 司 2024 年度利润分配方案的议案》，公司 2024 年度拟以实施权益分派股权登记 日登记的总股本扣除公司回购专用证券账户股份为基数分配利润，公司拟向全体 股东（公司回购专用证券账户除外）每 10 股派送现金红利人民币 3.60 元（ ...

Summary of Key Points Core Viewpoint The report outlines the verification opinions of Guotai Junan Securities Co., Ltd. regarding Puyuan Precision Technology Co., Ltd.'s use of its own funds and letters of credit to pay for part of the fundraising projects, which will later be replaced with equivalent amounts from the raised funds. This process is deemed compliant with relevant regulations and beneficial for operational efficiency. Group 1: Fundraising Overview - The company successfully issued 30,327,389 shares at a price of RMB 60.88 per share, raising a total of RMB 184,633.14 million, with a net amount of RMB 166,612.72 million after deducting issuance costs [1][2] - In a simplified procedure, the company issued 5,300,676 shares at RMB 54.71 per share, raising RMB 289.99 million, with a net amount of RMB 286.79 million after costs [2] - The company plans to issue 2,166,377 shares at RMB 23.08 per share for asset acquisition, raising RMB 49.99 million, with a net amount of RMB 44.29 million after costs [2] Group 2: Investment Projects - The total investment for the initial public offering (IPO) projects is RMB 76,763.12 million, with RMB 75,000.00 million allocated from the raised funds for various projects, including high-end digital oscilloscopes and RF instruments [3][4] - The simplified issuance project has a total investment of RMB 32,489.63 million, with RMB 29,000.00 million planned from the raised funds for projects in Malaysia and Xi'an [4] - The asset acquisition project has a total investment of RMB 5,296.04 million, with RMB 5,000.00 million planned from the raised funds for the Beijing laboratory center and related fees [4] Group 3: Use of Own Funds and Replacement Process - The company uses its own funds and letters of credit for initial payments on fundraising projects due to operational efficiency and regulatory constraints on direct payments from raised funds [5] - A detailed process is established for replacing the amounts paid with raised funds within six months, ensuring compliance with regulations and proper documentation [5] - The board and supervisory committee have approved this approach, confirming it does not harm the company's or shareholders' interests and complies with relevant laws [6][7]

Summary of Key Points Core Viewpoint - The company intends to use part of the excess raised funds to permanently supplement its working capital, which is deemed beneficial for improving fund utilization efficiency and reducing financial costs [1][5][9]. Group 1: Fundraising Overview - The company successfully completed its initial public offering (IPO) on April 1, 2022, issuing 30,327,389 shares at a price of RMB 60.88 per share, raising a total of RMB 184,633.14 million [1][7]. - After deducting issuance costs of RMB 18,020.43 million, the net amount raised was RMB 166,612.72 million, with excess funds amounting to RMB 91,612.72 million [1][3][7]. Group 2: Fund Utilization Plan - The planned allocation of the raised funds includes various projects, with a total investment of RMB 76,763.12 million, of which RMB 5,000 million is designated for working capital [3][5]. - The company has previously used RMB 27,400 million of excess funds for working capital, representing 29.91% of the total excess funds [3][6]. Group 3: Approval and Compliance - The board of directors and the supervisory board have approved the use of RMB 27,400 million of excess funds for working capital, which will be submitted for shareholder approval [6][8]. - The company commits that the total amount used for working capital will not exceed 30% of the excess funds within any 12-month period, ensuring compliance with regulatory requirements [6][9].

国泰海通证券股份有限公司 关于上海索辰信息科技股份有限公司 上海证券交易所： 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐人"）作为上海 索辰信息科技股份有限公司（以下简称"索辰科技"或"公司"）首次公开发行 股票并在科创板上市的保荐人，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》 《上海证券交易所科创板股票上市 规则》 （以下简称"《上市规则》" ）和《上海证券交易所上市公司自律监管指引第 持续督导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报 告如下： 一、本次现场检查的基本情况 国泰海通证券股份有限公司 （二）保荐代表人 程韬、陈佳一 程韬、陈佳一 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理及内部控制、信息披露、独 立性、与关联方的资金往来、募集资金使用情况、关联交易、对外担保、重大对 外投资、公司经营状况以及承诺履行情况等方面进行了现场检查。 （六）现场检查手段 员及有关人员访谈； 二、对现场检查相关事项的意见 （一）保荐人 （三）现场检查时间 （四）现场检查人员 营性资金往来情况。 经核查，保荐人认为：公司具备 ...

Core Viewpoint - The recent legislative developments in the U.S. and Hong Kong regarding stablecoins signify a growing recognition and potential legitimization of stablecoins, primarily dollar-pegged, which may enhance the dollar's dominance in the cryptocurrency space [1][2]. Group 1: Stablecoin Market Overview - Stablecoins are typically pegged to stable assets like fiat currencies (mainly the dollar), precious metals, or other cryptocurrencies to maintain value stability [2]. - Since 2020, the stablecoin market has seen significant growth, with a current market capitalization of nearly $245 billion, driven by factors such as efficiency in payments, increased demand from the expanding cryptocurrency market, and geopolitical risks [2]. - The potential implementation of regulatory frameworks could provide new momentum for market development, enhancing the "social consensus" around stablecoins and attracting more investment [2]. Group 2: Impact on Global Currency System - The expansion of stablecoins, particularly dollar-pegged ones, reinforces the dollar's position in the global currency system, potentially impacting the value of more volatile fiat currencies [3]. - While the growth of the dollar stablecoin market may increase demand for U.S. Treasury bonds, its overall effect on short-term bonds is limited, as short-term rates are primarily influenced by Federal Reserve policies rather than market supply and demand [3]. - The current challenges facing U.S. fiscal policy, including persistent deficits and high interest payments, remain critical issues that stablecoin development cannot resolve [3].

国泰海通证券股份有限公司 关于深圳市首航新能源股份有限公司 深圳证券交易所： 根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监 管指引第 13 号——保荐业务》《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》要求，国泰海通证券股份有限公司（以下简称"国 泰海通"或"本保荐人"）作为深圳市首航新能源股份有限公司（以下简称"首 航新能"或"公司"）首次公开发行股票并在创业板上市的保荐人，对公司进行 了 2025 年度持续督导培训，报告如下： （六）培训对象：公司控股股东及实际控制人、董事、监事、高级管理人员、 部分关键岗位人员 本次培训前，国泰海通编制了培训材料，并提前要求首航新能参与培训的相 关人员了解培训相关内容。 二、本次培训的主要内容 本次培训主要内容为：1、上市公司信息披露简介，主要包括信息披露的内 容、渠道、法律体系、基本原则以及一般规定；2、募集资金存放和使用关注要 点，主要包括募集资金管理的总体要求、专户存储规范、资金使用流程、变更审 批程序以及监督管理机制等关键环节。本次培训通过演示培训讲义、解读法规条 文及案例分析、解答培训对象的问题等形式，加深了 ...

国泰海通证券股份有限公司 关于宁波利安科技股份有限公司 首次公开发行部分限售股上市流通的核查意见 国泰海通证券股份有限公司（以下简称"保荐机构"）作为宁波利安科技股 份有限公司（以下简称"利安科技"或"公司"）首次公开发行股票并创业板上 市及持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业 《深圳证券交易所上市公司自律监管指引第 13 号——保荐 板上市公司规范运作》 业务》等法律法规的相关规定，对宁波利安科技股份有限公司首次公开发行部分 限售股上市流通事项进行了核查，核查情况及核查意见如下： 一、本次上市流通的限售股类型 中国证券监督管理委员会于 2024 年 1 月 11 日出具《关于同意宁波利安科技 股份有限公司首次公开发行股票注册的批复》 （证监许可202453 号），同意公司 首次公开发行股票的注册申请。公司首次向社会公开发行人民币普通股（A 股） 完成后总股本为 56,237,600 股，其中有限售条件流通股 42,177,600 股，占发行后 总股本的比例为 75%，无限售条件流通股 14,060,00 ...

Group 1: Industry Consolidation - Guotai Haitong has announced the cancellation of 33 branches of the former Haitong Securities, indicating an acceleration in the integration of the securities industry and optimization of branch layouts [1] - As of May 30, Guotai Haitong Securities employed 18,779 people, leading the industry, while Guotai Junan and Haitong Securities had a combined total of 19,350 employees expected by the end of 2024 [1] - The merger is expected to enhance operational efficiency, reduce redundant costs, and strengthen market competitiveness, potentially reshaping the competitive landscape in the short term [1] Group 2: Shareholder Confidence - Tianfeng Securities' controlling shareholder, Hubei Hongtai Group, completed an increase of 179 million A-shares, accounting for 2.06% of the total share capital, with an investment of approximately 502 million yuan [2] - This increase reflects confidence in the company's future development and is likely to enhance market recognition of its governance and capital strength [2] - The action may lead to a reassessment of the overall valuation of the securities sector, contributing to stabilizing market expectations [2] Group 3: Fund Market Activity - The public fund market experienced a "small peak" in June, with 89 new funds launched, 70% of which were equity products [3] - Major fund companies actively participated, with 41 funds starting issuance immediately after the Dragon Boat Festival, indicating strong demand for equity asset allocation [3] - The surge in equity fund issuance may support overall market liquidity in the short term, although ongoing market performance and sustainability of new fund launches should be monitored [3] Group 4: Fund Performance - In the first five months of the year, fund performance showed significant gains, with some funds earning over 70% [4] - The CITIC Securities North Exchange Selected Two-Year Open Mixed Fund achieved a return of 69.3%, leading among actively managed equity funds [4] - Funds focused on the pharmaceutical and new consumption sectors also reported returns exceeding 50%, highlighting strong momentum in these areas [4]