Wuxi Autowell Technology Co.Ltd(688516) : letter of recommendation of Ping An Securities Co., Ltd. on the listing of A-share shares issued to specific objects in Wuxi Autowell Technology Co.Ltd(688516) 2021 (updated financial data for 2021 and the first quarter of 2022)

Stock abbreviation: Wuxi Autowell Technology Co.Ltd(688516) Stock Code: Wuxi Autowell Technology Co.Ltd(688516) Ping An Securities Co., Ltd

About Wuxi Autowell Technology Co.Ltd(688516)

Issue A-Shares to specific objects in 2021

of

Listing recommendation

Sponsor (lead underwriter)

(address: floor 22-25, block B, Ping An financial center, No. 5023, Yitian Road, Futian street, Futian District, Shenzhen) April, 2002

Statement

Ping An Securities Co., Ltd. (hereinafter referred to as “the sponsor”, “this sponsor” or “Ping An Securities”) is entrusted by Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as “the issuer”, ” Wuxi Autowell Technology Co.Ltd(688516) ” or “the company”) to act as the sponsor of Wuxi Autowell Technology Co.Ltd(688516) this issuance of shares to specific objects (hereinafter referred to as “this issuance”, “this issuance to specific objects” or “this issuance of securities”).

The recommendation institution and its recommendation representative shall, in accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the securities law of the people’s Republic of China (hereinafter referred to as the “Securities Law”), the measures for the administration of securities issuance and listing recommendation business, the measures for the administration of securities issuance and registration of companies listed on the science and Innovation Board (for Trial Implementation), the rules for the listing of shares on the science and Innovation Board of Shanghai Stock Exchange and other relevant laws and administrative regulations In accordance with the relevant provisions of the departmental rules, be honest, trustworthy, diligent and responsible, issue this listing recommendation letter in strict accordance with the business rules, industry practice norms and ethical standards formulated according to law, and ensure the authenticity, accuracy and integrity of the documents issued.

catalogue

Declare that 2 catalog 3 I. overview of the issuer four

(I) basic information of the issuer four

(II) main business of the company four

(III) main financial data and indicators of the issuer nine

(IV) main risk factors of the issuer 12. II. The issuer’s current offering nineteen

(I) type and par value of issued shares nineteen

(II) issuing method and time nineteen

(III) issuing object and subscription method nineteen

(IV) pricing base date, pricing principle and issue price nineteen

(V) number of issues twenty

(VI) arrangement of sales restriction period twenty

(VII) amount and investment direction of raised funds twenty-one

(VIII) arrangement of accumulated undistributed profits twenty-one

(IX) listing place 21 III. information about the project sponsor representative, Project Co sponsor and other members of the project team of this securities issuance twenty-one

(I) the sponsor representative in charge of this recommendation twenty-one

(II) members of the project team of this offering 22 IV. description of the relationship between the sponsor and the issuer V. commitments of the sponsor Vi. decision making procedures performed by the Issuer on this securities issuance and listing 24 VII. Arrangements of the recommendation institution for the continuous supervision of the issuer VIII. Recommendation conclusion of the sponsor on this stock listing 25 I. overview of the issuer

(I) basic information of the issuer

Basic information of category

Chinese name Wuxi Autowell Technology Co.Ltd(688516)

English Name: Wuxi autowell Technology Co., Ltd

Stock Exchange Shanghai Stock Exchange

Stock abbreviation Wuxi Autowell Technology Co.Ltd(688516)

Stock Code: Wuxi Autowell Technology Co.Ltd(688516)

Registered capital: 98670000 yuan

Date of establishment: February 1, 2010

Legal representative: Ge Zhiyong

Secretary of the board of directors Zhou Yongxiu

Registered address: No. 25 Zhujiang Road, Xinwu District, Wuxi City, Jiangsu Province

Unified social credit code 913202005502754040

Office address: No. 25, Zhujiang Road, Xinwu District, Wuxi City, Jiangsu Province

Postal Code: 214028

Internet address http://www.wxautowell.com./

E-mail [email protected].

Tel.: 051082255998

Contact Fax 051081816658

R & D, manufacturing, sales and technical services of industrial automatic control system devices, special equipment for electronic industry, photovoltaic equipment and components; Processing, manufacturing and sales of mechanical parts; Business scope: Sales of general machinery and accessories; Software development; Self operated and acting as an agent for the import and export of various commodities and technologies (except for the commodities and technologies whose import and export are restricted or prohibited by the state). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)

(II) main business of the company

The company is mainly engaged in the R & D, design, production and sales of high-end intelligent equipment. During the reporting period, the company’s products are mainly used in the sealing and testing links of crystalline silicon photovoltaic industry, lithium power battery industry and semiconductor industry. The company’s equipment used in crystalline silicon photovoltaic industry (hereinafter referred to as “photovoltaic equipment”) mainly includes multi main grid series welding machine, large-size ultra-high speed series welding machine, silicon wafer sorter, laser dicing machine, light injection annealing furnace, Czochralski single crystal furnace, etc; The equipment used in the lithium power battery industry (hereinafter referred to as “lithium battery equipment”) mainly includes module production line, pack production line, module pack production line (hereinafter referred to as “module pack line”), cylindrical cell appearance inspection equipment, etc; The equipment used in the sealing and testing link of semiconductor industry is mainly aluminum wire bonding machine.

In addition to the above complete machine products, the company also provides function modules (such as serial inspection module, hidden crack module, etc.), spare parts and equipment transformation and upgrading services around the complete machine products.

A. Photovoltaic equipment

During the reporting period, the main photovoltaic equipment and complete products produced by the company are shown in the table below:

Classification equipment name product legend product introduction

It is used in the series welding process in the production of 2-6 main grid photovoltaic modules. It can be used in the half chip process after compatible or conventional series welding transformation. The machine has Siasun Robot&Automation Co.Ltd(300024) , machine vision, fault early warning The factory has intelligent functions such as MES interface, and the capacity of the latest model is 3600 pieces / hour

It is used for the series welding of multi main grid in the production of photovoltaic modules with multiple main grids (more than 7 main grids). It has Siasun Robot&Automation Co.Ltd(300024) , machine welding machine vision, fault early warning, factory MES interface and other intelligent functions, The set capacity of components reaches 3600 pieces (whole piece) / standby hour

The series welding machine that can weld 3bb-15bb grid line is compatible with 230mm battery chips at most. Half, 1 / 3 and 1 / 4 batteries can be produced by upgrading. The equipment adopts various advanced automatic (Note 1) automation technologies such as PLC, large-scale super service, four-axis industrial Siasun Robot&Automation Co.Ltd(300024) , machine high-speed serial welder vision and so on, Realize the full-automatic processing from the material on the battery chip to the material discharged from the battery string. The production capacity of the latest model is 7200 Wafers / hour (calculated based on 210 size silicon wafers after welding and cutting in half)

Classification equipment name product legend product introduction

It is used to divide the standard battery into 1/2-1/4 pieces, which is compatible with 230mm size battery pieces at most, and realize non-destructive laser cutting and splitting by means of tensile and compressive stress, The mechanical load performance is higher than that of conventional cutting machine. With Siasun Robot&Automation Co.Ltd(300024) , machine vision, fault early warning, factory MES interface and other intelligent functions, the capacity of the latest model is up to

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