Jiangsu Bojun Industrial Technology Co.Ltd(300926) : Orient Securities Company Limited(600958) verification opinions of underwriting and recommendation Co., Ltd. on the lifting of restrictions on the sale and listing of some issued shares before Jiangsu Bojun Industrial Technology Co.Ltd(300926) initial public offering

Orient Securities Company Limited(600958) underwriting sponsor Co., Ltd

About Jiangsu Bojun Industrial Technology Co.Ltd(300926)

Verification opinions on lifting the restrictions on the sale and listing of some issued shares before the initial public offering

Orient Securities Company Limited(600958) underwriting and recommendation Co., Ltd. (hereinafter referred to as "Oriental Investment Bank" and "recommendation institution") is a recommendation institution for Jiangsu Bojun Industrial Technology Co.Ltd(300926) (hereinafter referred to as " Jiangsu Bojun Industrial Technology Co.Ltd(300926) " and "company") to issue shares for the first time and list on the gem, In accordance with the provisions of relevant laws, regulations and normative documents such as the measures for the administration of securities issuance and listing recommendation business, the Listing Rules of GEM stocks of Shenzhen Stock Exchange and the guidelines for the standardized operation of GEM listed companies of Shenzhen Stock Exchange, we have carefully verified the lifting of restrictions on the sale and listing of some restricted shares before the initial public offering of Jiangsu Bojun Industrial Technology Co.Ltd(300926) , The details of the verification are as follows: I. overview of the issued shares before the initial public offering

With the approval of China Securities Regulatory Commission on Approving the registration of Jiangsu Bojun Industrial Technology Co.Ltd(300926) initial public offering (zjxk [2020] No. 3326), the company issued 33698662 RMB common shares (A shares) for the first time and was listed on Shenzhen Stock Exchange on January 7, 2021. Before the initial public offering, the total share capital of the company was 106600000 shares. After the initial public offering, the total share capital of the company was 142133400 shares, including 33698662 shares without circulation restrictions and restricted sales arrangements, accounting for 23.7092% of the total share capital after the issuance, and 108434738 shares with circulation restrictions or restricted sales arrangements, accounting for 76.2908% of the total share capital after the issuance. The company's initial public offering of offline placement restricted shares was 1834738 shares, accounting for 1.2909% of the total share capital after issuance. The restricted shares were listed and circulated on July 12, 2021.

The restricted shares listed and circulated this time belong to the restricted shares held by some shareholders before the company's initial public offering, and the restricted period is 12 months from the date when the shares first issued by the company are listed on the gem of Shenzhen Stock Exchange. A total of 1 restricted shareholder was lifted this time, with 3500000 shares, accounting for 2.4625% of the total share capital of the company. Website of Stock Exchange (www.szse. CN.) The Jiangsu Bojun Industrial Technology Co.Ltd(300926) initial public offering and listing on the gem.

As of the disclosure date of this verification opinion, the company has not experienced any change in the number of share capital due to profit distribution, conversion of accumulation fund, etc. 2、 Implementation of commitments by shareholders applying for lifting share restrictions

The shareholder applying for lifting the share restriction is Ningbo mazaro Investment Management Co., Ltd. the shareholding of the above shareholders is as follows:

No. name of shareholder proportion of Limited shares held in total share capital to the total number of shares (shares) of the pledge for the release of restricted sales number of shares (shares)

1 Ningbo mazaro investment management 35 million 2.4625% 35 million

Li Co., Ltd

The lock up period for the release of restricted shares is 12 months, and the expiration date of the lock up period is January 6, 2022. The commitments of the above shareholders in the prospectus of initial public offering and listing on GEM and the listing announcement of initial public offering and listing on GEM are as follows: (I) the commitments in the prospectus of initial public offering and listing on GEM

Within 12 months from the date of listing and trading of the company's shares, the company shall not transfer or entrust others to manage the shares issued before the public offering of the company's shares directly or indirectly held by the company, nor shall the company repurchase the shares directly or indirectly held by the company. (2) Commitments in the listing announcement of initial public offering and listing on the gem

Within 12 months from the date of listing and trading of the company's shares, the company shall not transfer or entrust others to manage the shares issued before the public offering of the company's shares directly or indirectly held by the company, nor shall the company repurchase the shares directly or indirectly held by the company. (3) Implementation of commitments by shareholders applying for lifting share restrictions this time

As of the date of issuance of this verification opinion, the shareholders applying for lifting the restrictions on the sale of shares have strictly fulfilled the above commitments and have not violated the above commitments.

3、 The listing and circulation arrangement of restricted shares is lifted this time

1. The listing and circulation date of the restricted shares is Friday, January 7, 2022.

2. The number of restricted shares released this time is 3500000 shares, accounting for 2.4625% of the total share capital of the company; The actual number of shares that can be listed and circulated this time is 3500000, accounting for 2.4625% of the total share capital of the company.

3. A total of one shareholder lifted the restrictions on the sale of shares this time.

4. There is no pledge or freezing of the shares applied for lifting the restriction.

5. The lifting of restricted shares and the listing and circulation of restricted shares by the holders of restricted shares are as follows:

No. name of shareholder holding limited sale shares this application for lifting the restriction on sale this time the actual total number of tradable shares (shares) number of shares (shares) number of shares (shares)

1 Ningbo mazaro Investment Management Co., Ltd. 3500000 3500000

Li Co., Ltd

4、 Change structure of share capital before and after the listing and circulation of restricted shares

Before and after this change

Nature of shares (+, -) (shares)

Proportion of quantity (shares) (%) proportion of quantity (shares) (%)

1、 Articles of limited sale 10660000075% - 35000000 103100000072.54% shares

2、 Unlimited sales terms 3553340025% + 350000003903340027.46% shares

3、 Total shares 142133400100% - 142133400100%

5、 Verification opinions of the recommendation institution

After verification, the recommendation institution believes that:

The number and listing and circulation time of the company's application for lifting the restricted shares this time comply with the requirements of relevant laws, regulations and normative documents, such as the company law, the securities law, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the guidelines for the standardized operation of GEM listed companies of Shenzhen Stock Exchange, etc. The shareholders of the company who applied for lifting the restricted shares this time strictly fulfilled their commitments made during the initial public offering and listing on the gem. As of the date of issuance of this verification opinion, the company's information disclosure on the listing and circulation of restricted shares is true, accurate and complete.

The recommendation institution has no objection to the listing and circulation of the company's restricted shares.

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(there is no text on this page, which is the signature page of the verification opinions of Orient Securities Company Limited(600958) underwriting recommendation Co., Ltd. on the lifting of restrictions on the sale and listing and circulation of some issued shares before Jiangsu Bojun Industrial Technology Co.Ltd(300926) initial public offering)

Sponsor representative:

Yu Jiansun shuaikun

Orient Securities Company Limited(600958) underwriting and recommendation Co., Ltd. January 4, 2022

 

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