Jiarong Technology: suggestive announcement of the listing announcement of initial public offering and listing on the gem

Xiamen Jiarong Technology Co., Ltd

Initial public offering and listing on GEM

Suggestive announcement of listing announcement

Sponsor (lead underwriter): Anxin Securities Co., Ltd

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

With the approval of Shenzhen Stock Exchange, the RMB common shares issued by Xiamen Jiarong Technology Co., Ltd. (hereinafter referred to as “the company”) will be listed on the gem of Shenzhen Stock Exchange on April 21, 2022, The full text of the listing announcement and the full text of the prospectus for initial public offering and listing on the gem are disclosed on the information disclosure websites designated by the CSRC (cninfo, www.cn. Info. Com. CN; CSI, www.cs. Com. CN; China Securities, www.cn. Stock. Com; Securities Times, www.stcn. Com; Securities Daily, www.zqrb. CN; economic reference, www.jjckb. CN), QR code of the website: cninfo, for investors to check.

1、 Listing overview

(I) stock abbreviation: Jiarong Technology

(II) Stock Code: 301148

(III) total share capital after IPO: 116497080 shares

(IV) shares increased by initial public offering: 29130000 new shares issued by the company; The shareholders of the company do not offer shares to the public. 2、 Risk tips

The company’s shares will be listed on the growth enterprise market of Shenzhen Stock Exchange, which has high investment risk. GEM companies have the characteristics of unstable performance, high operation risk and high delisting risk, and investors are facing greater market risk. Investors should fully understand the investment risks of the gem and the risk factors disclosed by the company, and make investment decisions prudently.

According to the industry classification guidelines for listed companies (revised in 2012) issued by China Securities Regulatory Commission, the industry of the company is “n77 ecological protection and environmental governance industry”. The static average p / E ratio of “n77 ecological protection and environmental governance industry” published by China Securities Index Co., Ltd. in the latest month is 22.40 times (as of April 6, 2022, T-4).

As of April 6, 2022 (T-4), the valuation levels of comparable listed companies disclosed in the letter of intent for initial public offering and listing on the gem of Xiamen Jiarong Technology Co., Ltd. (hereinafter referred to as the “letter of intent”) are as follows:

T-4 day shares in 2020 deduct the static securities code corresponding to the non deduction in 2020. The closing price of the securities is not EPS before and after EPS P / E ratio (after deducting the non P / E ratio (before deducting non (yuan / share) (yuan / share) (yuan / share))

Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) .SZ Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) 32.65 0.6746 0.5155 48.40 63.34

Suntar Environmental Technology Co.Ltd(688101) .SH Suntar Environmental Technology Co.Ltd(688101) 15.84 0.6643 0.5514 23.84 28.73

Jiangxi Jdl Environmental Protection Co.Ltd(688057) .SH Jiangxi Jdl Environmental Protection Co.Ltd(688057) 18.45 1.4010 1.3456 13.17 13.71

Welle Environmental Group Co.Ltd(300190) .SZ Welle Environmental Group Co.Ltd(300190) 5.34 0.4572 0.3861 11.68 13.83

Nanjing Wondux Environmental Protection Technology Corp.Ltd(688178) .SH Nanjing Wondux Environmental Protection Technology Corp.Ltd(688178) 21.39 1.4870 0.9542 14.38 22.42

Arithmetic mean 22.30 28.41

Source: wind data, as of April 6, 2022 (T-4);

Note 1: if there is mantissa difference in the calculation of P / E ratio, it is caused by rounding;

Note 2: EPS before / after deduction of non recurring profit and loss in 2020 = net profit attributable to the parent before / after deduction of non recurring profit and loss in 2020 / total share capital on T-4 day.

The issuance price of 38.39 yuan / share corresponds to the lower diluted P / E ratio before and after deducting non recurring profits and losses in 2020, which is 34.88 times, 22.40 times higher than the static average p / E ratio of the industry in the latest month released by China Securities Index Co., Ltd. and 28.41 times higher than the average static P / E ratio of comparable companies in the same industry in 2020. There is a risk that the decline of the issuer’s share price will bring losses to investors in the future. There is a risk in this offering that the substantial increase in net assets due to the acquisition of raised funds will have an important impact on the issuer’s production and operation mode, operation management and risk control ability, financial status, profitability and long-term interests of shareholders. The issuer and the recommendation institution (lead underwriter) remind investors to pay attention to investment risks, carefully study and judge the rationality of issuance pricing, and make investment decisions rationally. 3、 Contact information

(I) contact address and telephone number of the issuer: Xiamen Jiarong Technology Co., Ltd. address: floor 6, No. 1670-2, Butang Middle Road, industrial base, torch high tech Zone (Tongxiang), Xiamen Tel: 0592630087 Fax: 05926 Shandong Taihe Water Treatment Technologies Co.Ltd(300801) contact person: ye Yingyi (II) contact address and telephone number of the recommendation agency and the recommendation representative sponsor (lead underwriter): Anxin Securities Co., Ltd

Address: unit A02, 35th floor and 28th floor, Allianz building, 4018 Jintian Road, Futian District, Shenzhen

Sponsor representatives: Chen Feiyan, Li Zeye Tel: 02155518365 Fax: 02135082550

(there is no text on this page, which is the signature page of the suggestive announcement of the listing announcement of Xiamen Jiarong Technology Co., Ltd. on its initial public offering and listing on the GEM)

Issuer: Xiamen Jiarong Technology Co., Ltd

(there is no text on this page, which is the signature page of the suggestive announcement of the listing announcement of Xiamen Jiarong Technology Co., Ltd. on its initial public offering and listing on the GEM)

Sponsor (lead underwriter): Anxin Securities Co., Ltd

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