603031: Huaan Securities Co.Ltd(600909) special verification opinions on the fluctuation of the company’s stock price

Huaan Securities Co.Ltd(600909)

About Anhui Andeli Department Store Co.Ltd(603031) stock price fluctuation

Special verification opinions

Anhui Andeli Department Store Co.Ltd(603031) (hereinafter referred to as “the company”, “listed company” and ” Anhui Andeli Department Store Co.Ltd(603031) “) intends to pay cash to Ningbo Yafeng Electric Appliance Co., Ltd. (renamed “Fujian Nanping Dafeng Electric Appliance Co., Ltd.”, hereinafter referred to as “Ningbo Yafeng”) through Anhui Anfu Energy Technology Co., Ltd. (hereinafter referred to as “Anfu energy”) Purchase 15% equity of Ningbo Yajin Electronic Technology Co., Ltd. (hereinafter referred to as “Yajin technology”) (hereinafter referred to as “this transaction” or “this reorganization”).

Huaan Securities Co.Ltd(600909) (hereinafter referred to as “the independent financial adviser”) as the independent financial adviser of Anhui Andeli Department Store Co.Ltd(603031) this reorganization, checked the stock price fluctuation of the listed company 20 trading days before the first announcement date of this reorganization. The verification results are as follows:

1、 Stock price fluctuation

The listed company conducted a self-examination on the fluctuation of stock price before the announcement of the reorganization for the first time. The fluctuation of the company’s stock price 20 trading days before the first announcement of the restructuring and the fluctuation of Shanghai Composite Index (Code: 00000 1. SH), Shenwan general retail index (Code: 801203. SI) and Wande electrical parts and equipment industry index (Code: 882423. WI) during this period are as follows:

Rise and fall of the project on January 6, 2022 and February 9, 2022

Shanghai Composite Index (Code: 00000 1. SH) 3586.08 3479.95 – 2.96%

Shenwan general retail index (Code: 801203. SI) 3227.33 3175.85 – 1.60%

Industry index of electrical components: 242963.66 million

Share price of the company (yuan / share) 48.87 48.99 0.25%

Excluding the impact of market factors, it rose or fell by 3.21%

Excluding the impact of Shenwan general retail index, it rose or fell by 1.85%

Excluding the influence of Wande electrical components and equipment industry index, it rose or fell by 6.26%

According to the above table, the company’s share price rose by no more than 20% after excluding the influence of market factors and sectors in the same industry.

2、 Verification opinions

After verification, the independent financial consultant believes that the stock price fluctuation of listed companies does not exceed 20% after excluding the influence of market factors and sectors in the same industry.

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