Core Viewpoint - The report summarizes the sponsorship work of Zhongde Securities for Wenzhou Hongfeng Electric Alloy Co., Ltd.'s issuance of convertible bonds to unspecified objects, highlighting the completion of the sponsorship period and compliance with regulatory requirements [1][2]. Group 1: Sponsorship Overview - Zhongde Securities served as the sponsor for Wenzhou Hongfeng's issuance of convertible bonds, with the sponsorship period ending on December 31, 2024 [1]. - The company has a total share capital of 437,282,403 shares and is listed on the Shenzhen Stock Exchange under the code 300283.SZ [1]. - The issuance of convertible bonds was successfully completed, with the bonds listed on April 8, 2022 [1]. Group 2: Due Diligence and Continuous Supervision - During the due diligence phase, Zhongde Securities conducted thorough investigations and coordinated with various intermediaries to prepare application documents [1]. - In the continuous supervision phase, the sponsor provided verification opinions, ensured compliance with regulations, and conducted training for the company's major shareholders and actual controllers [2]. Group 3: Major Events and Responses - Zhongde Securities faced regulatory actions, including fines and warnings from the China Securities Regulatory Commission (CSRC) due to past compliance issues, which have since been addressed [3][4]. - The company reported a net profit decline of 33.64% due to high costs associated with its copper foil and semiconductor projects, indicating challenges during its growth phase [4]. Group 4: Company Cooperation and Compliance - Wenzhou Hongfeng provided timely and accurate information to the sponsor, facilitating the due diligence process and ensuring compliance with legal requirements [5][6]. - The company adhered to regulations regarding the management and use of raised funds, maintaining proper storage and designated usage of the funds [6]. Group 5: Remaining Sponsorship Matters - As of the report date, the funds raised from the issuance of convertible bonds have not yet been fully utilized, and the sponsor will continue its supervisory obligations regarding the remaining funds [6].

Core Viewpoint - The report summarizes the sponsorship work of Changjiang Securities for the initial public offering (IPO) and convertible bond issuance of Shenzhen Songsheng Electronics Co., Ltd., highlighting the completion of the IPO fundraising and ongoing supervision of the remaining convertible bond funds [1][7]. Group 1: Sponsorship Overview - Changjiang Securities acted as the sponsor for Shenzhen Songsheng Electronics' IPO and convertible bond issuance, with the supervision period for the IPO from June 7, 2021, to December 31, 2024, and for the convertible bonds from October 24, 2022, to December 31, 2024 [1]. - As of December 31, 2024, all funds raised from the IPO have been fully utilized, while the funds from the convertible bond issuance are still pending usage [1][7]. Group 2: Responsibilities and Compliance - The sponsor conducted due diligence, prepared application documents, and actively cooperated with the Shenzhen Stock Exchange during the review process, ensuring compliance with relevant laws and regulations [3][4]. - During the ongoing supervision phase, the sponsor monitored the use of raised funds, ensuring adherence to regulatory requirements and the absence of unauthorized changes in fund usage [5][7]. Group 3: Issuer's Cooperation - The issuer provided timely and accurate information and documentation to the sponsor, facilitating the due diligence and recommendation processes [6]. - The issuer complied with legal requirements for information disclosure and cooperated with the sponsor's supervision activities, ensuring smooth communication and documentation provision [6]. Group 4: Fund Management and Usage - The issuer and the sponsor established a fund supervision agreement and management system, confirming that the usage of raised funds complied with regulatory requirements and did not involve any unauthorized changes or violations [7]. - The report indicates that there are no significant violations in the use of raised funds, and the issuer has maintained proper documentation and disclosure practices [7].

Core Viewpoint - The report summarizes the continuous sponsorship work conducted by China Merchants Securities Co., Ltd. for Zhuzhou Huari Precision Tools Co., Ltd. regarding its issuance of convertible bonds to unspecified objects, with the sponsorship period ending on December 31, 2024 [1]. Group 1: Sponsorship Overview - The sponsorship work is divided into two phases: the due diligence recommendation phase and the continuous supervision phase, with the latter ending on December 31, 2024 [3]. - During the due diligence recommendation phase, the sponsor conducted investigations, prepared application documents, and cooperated with regulatory reviews [3]. - In the continuous supervision phase, the sponsor focused on ensuring the company's compliance with operational norms, internal control systems, and information disclosure obligations [4]. Group 2: Company Compliance and Cooperation - The company provided timely and accurate documents and information necessary for the bond issuance, ensuring the authenticity and completeness of the materials [4]. - During the continuous supervision phase, the company adhered to legal requirements for operations and information disclosure, actively cooperating with the sponsor's inspections and training [4]. Group 3: Fund Management and Usage - The sponsor reviewed the management and usage of the raised funds, confirming compliance with relevant regulations and proper storage and usage procedures [5]. - As of December 31, 2024, the company has not yet fully utilized the raised funds, and the sponsor will continue to oversee the management and usage of the remaining funds [5].