Qingdao Gaoce Technology Co.Ltd(688556) : Guosen Securities Co.Ltd(002736) recommendation letter on Qingdao Gaoce Technology Co.Ltd(688556) issuing convertible corporate bonds to unspecified objects and listing on the science and Innovation Board

Guosen Securities Co.Ltd(002736)

About Qingdao Gaoce Technology Co.Ltd(688556)

Issuing convertible corporate bonds to unspecified objects and listing on the science and Innovation Board

Listing recommendation

Sponsor (lead underwriter)

(registered address: 16-26 floors of Guosen Securities Co.Ltd(002736) building, No. 1012, Hongling Middle Road, Shenzhen)

Sponsor statement

The recommendation institution and the two designated recommendation representatives are in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China and other laws and regulations, as well as the relevant provisions of the China Securities Regulatory Commission and Shanghai Stock Exchange. They are honest, trustworthy, diligent and responsible, issue this listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, and ensure that the documents issued are true, accurate and reliable Complete.

Table of contents toc91368925

1、 Basic information of the issuer three

2、 Issuance of securities applying for listing twenty-eight

3、 The staff of the recommendation institution and their practice of recommendation business 29 IV. interests and main businesses between the recommendation institution and its related parties and the issuer and its related parties

To explain thirty

5、 Commitments of the sponsor thirty

6、 The issuer has fulfilled the legal decision-making procedures for the issuance and listing of convertible bonds VII. The sponsor’s explanation on the issuer’s use of the raised funds to invest in the business in the field of scientific and technological innovation

…… VIII. The sponsor’s statement that the issuer’s convertible corporate bonds meet the listing conditions of the science and innovation board thirty-three

9、 Specific arrangements of the recommendation institution for the continuous supervision of the issuer’s securities after listing thirty-eight

10、 The contact address, telephone number and other means of communication of the recommendation institution and relevant recommendation representatives thirty-nine

11、 Other matters that the recommendation institution believes should be explained thirty-nine

12、 The recommendation conclusion of the recommendation institution on the issuer’s listing of convertible corporate bonds 39 Shanghai Stock Exchange:

As a sponsor of Qingdao Gaoce Technology Co.Ltd(688556) (hereinafter referred to as the “issuer” and “company”) issuing convertible corporate bonds to unspecified objects and listing on the science and innovation board, Guosen Securities Co.Ltd(002736) and its recommendation representatives have been in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, 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) (hereinafter referred to as the “administration method”), the measures for the administration of convertible corporate bonds and the rules for the examination and approval of securities issuance and listing of companies listed on the science and Innovation Board of Shanghai Stock Exchange And other laws and regulations and the relevant provisions of the CSRC and the Shanghai Stock Exchange, be honest, trustworthy, diligent and responsible, issue the listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law, and ensure that the documents issued are true, accurate and complete.

The relevant information is reported as follows: I. Basic information of the issuer

(I) introduction to the issuer

Chinese Name: Qingdao Gaoce Technology Co.Ltd(688556)

English Name: Qingdao Gaoce Technology Co., Ltd

Registered address: No. 66, torch Branch Road, Qingdao high tech Industrial Development Zone

Date of establishment of the joint stock company: July 1, 2015

Date of establishment of the limited company: October 20, 2006

Contact: 053287903188

Business scope: design, development, production, sales, installation, commissioning and maintenance of mechanical equipment, molds, cutting tools, computer software and hardware, large-scale integrated circuits, automation products and automation systems, as well as technical services, consultation and training of the above businesses; Self operated and acting as an agent for the import and export of various commodities and technologies (except for the commodities and technologies limited by the state to be operated or imported and exported by the company).

(II) main business

1. Main business of the issuer

The company is mainly engaged in the R & D, production and sales of high hard and brittle material cutting equipment and cutting consumables, as well as providing silicon wafer OEM services for customers in the photovoltaic industry. During the reporting period, the company’s products were mainly used in the manufacturing of silicon wafers in the photovoltaic industry. Based on the self-developed core technology, the company is continuously developing new products, promoting the industrialized application of diamond wire cutting technology in the processing of more high hard and brittle materials such as photovoltaic silicon materials, semiconductor silicon materials, sapphire materials and magnetic materials, and helping customers reduce production costs, improve production efficiency and improve product quality. Relying on continuous R & D investment and technological innovation, the company has continuously enriched product types and improved product performance. The product quality and technical performance have been at the advanced level of the industry. At present, the company has been widely recognized by customers in terms of product quality, professional technology and service response, and has established long-term and stable cooperative relations with leading enterprises in the photovoltaic industry such as Longi Green Energy Technology Co.Ltd(601012) , Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , poly GCL, Jingke energy, Jingao group, Trina Solar Co.Ltd(688599) , sunshine energy, Huantai group and Oriental hope.

(III) core technology

The core technologies formed by the company through independent research and development mainly include 3 core support technologies and 16 core application technologies, and form the company’s core technology system. The specific situation is shown in the figure below:

Through years of independent research and development, the company has mastered three core support technologies, including precision mechanical design and manufacturing technology, automatic detection and control technology and precision electrochemical technology. The three core support technologies of the company are the basic support for the company to produce core application technologies, which belong to the category of general technology in the industry.

(1) Precision mechanical design and manufacturing technology

The mechanical design and R & D personnel of the company have many years of experience in precision mechanical design. Through the comprehensive use of professional basic knowledge such as mechanics, material science, statistics and technology and technical means such as three-dimensional modeling, mechanical simulation and finite element analysis, they have mastered the precision mechanical design and manufacturing technology of high-precision conveying, holding and mobile mechanical structures suitable for vibration, high temperature resistance, friction resistance and corrosion resistance, In the continuous R & D practice, common standardized modules and technical specifications have been formed, which greatly reduces the R & D risk and quality risk of new products, and provides sufficient guarantee for the company’s continuous and rapid R & D and innovation.

(2) Automatic detection and control technology

In the field of automatic detection and control technology, the company has developed and mastered a number of advanced basic automatic control technologies based on automatic control theory and with electronic power technology, sensor technology, computer technology, network and communication technology as the main tools. For example: ① using intelligent control method to solve the uncertainty problem which is difficult to be solved by traditional control theory and method; ② Use advanced sensor technology and detection technology to solve the detection requirements of non-contact two-way information transmission, storage, memory and information processing; ③ Use network and communication technology to meet the basic control requirements of remote transmission communication, network fault safety integration, remote diagnosis, real-time wireless Ethernet communication and so on in the industrial field; ④ Using electronic power technology to meet the basic control requirements of multi axis complex motion control and high-precision synchronous cooperation.

(3) Precision electrochemical technology

Precision electrochemical technology is an interdisciplinary technology based on many basic disciplines such as metal materials science, polymer chemistry, analytical chemistry and electrical engineering. It is one of the core basic supporting technologies for R & D and innovation of diamond line products. In the research and development of precision electrochemical technology, the company has a R & D team composed of technicians with professional backgrounds in fine chemical industry, polymer chemistry, analytical chemistry and metal materials. The R & D team continued to carry out basic research on precision electrochemistry for the manufacturing technology of diamond wire, and greatly supported the following difficulties that must be solved in the R & D and innovation process of fine diamond wire: ① accurate control of diamond particle density and uniformity on the surface of diamond wire; ② Precise control and optimization of mechanical properties of Electrodeposited coatings; ③ The consolidation force of diamond particles on the surface coating of diamond wire; ④ Electroplating production efficiency.

(IV) R & D level

The company has a R & D center and has the scientific research strength to carry out R & D activities independently. During the reporting period, the company

Around the main business, main products and cutting-edge technologies and processes of the industry, we have continued to increase investment in R & D activities and achieved fruitful results

Rich R & D achievements.

(1) Intellectual property of the company

As of March 31, 2022, the company has 336 authorized patents, including 16 invention patents;

It has 51 registered software copyrights. The main application links of invention patents in the production and operation of the company are

The R & D, design, production and manufacturing of the whole or core components of relevant products come from the independent R & D of the company,

The specific application is shown in the table below:

Serial number patent name application product application

The patented technology is applied to the overall structure and function design of the company’s tire section cutting machine.

Tire section cutting machine is a kind of electromechanical cutting equipment, which uses the high-speed diamond line 12008101605966 tire cutting device and tire section cutting wire as the cutting tool to realize the cutting of tire with double knives or single series products at one time, and then obtain section sampling.

This series of products is specially used in the tire industry. It can cut the section of car tires, truck tires and other special tires and take samples.

The patented technology is applied to the overall structure and function design of the company’s tire strength bead unseating testing machine, which is a series of tire strength bead unseating products.

22013101675283 tire testing machine series this series of products is a kind of electromechanical integration testing equipment of high-precision products controlled by industrial computer, which is used to detect tire strength, impression, vertical stiffness and other performance indicators.

This series of products are specially used in the tire industry.

The patented technology is applied to the overall structure and function design of the company’s polycrystalline cutting machine products.

A polycrystalline silicon polycrystalline cutting machine is a special equipment that uses diamond wire as cutting tool, 32013107514425 edge cutting machine, polycrystalline cutting machine to remove impurity area of polycrystalline silicon bar, and cut polycrystalline silicon bar into bar with required length and size according to subsequent processing requirements.

The product is specially used for polysilicon rod processing in photovoltaic industry.

The patented technology is applied to the overall structure and function design of the company’s single crystal square cutting machine products. The single crystal square cutting machine adopting this technology is a high-efficiency single rod square cutting machine of type 42016101206049, which can cut horizontally, without glue, without cutting wire mesh, automatically align the crystal line of single crystal silicon, automatically load and unload materials, and cut all sides at the same time.

The single crystal square cutting machine uses diamond wire as a cutting tool to cut off the round edge of the truncated cylindrical single crystal silicon rod,

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