688516: the issuer’s explanation on the revision of listing application documents

About Wuxi Autowell Technology Co.Ltd(688516)

Notes on the revision of application documents for issuing A-Shares to specific objects in 2021

Shanghai Stock Exchange:

Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as ” Wuxi Autowell Technology Co.Ltd(688516) “, “company” and “issuer”) updated the company’s application documents for issuing A-Shares to specific objects in 2021 according to the company’s situation as of the date of issuance of the reply to the audit inquiry letter, and supplemented and disclosed relevant information according to the requirements of the audit inquiry letter. The main differences between the application documents submitted this time and the application documents submitted last time are as follows:

1、 Comparison of supplementary disclosure involved in the prospectus for the issuance of A-Shares to specific objects in Wuxi Autowell Technology Co.Ltd(688516) 2021 (hereinafter referred to as the prospectus)

(I) “section II summary of this securities issuance”

1. “(IV) source of funds of the issuing object”

Before revision:

nothing

Revised:

“(IV) source of funds of the issuing object

Ge Zhiyong’s capital source for this subscription is loan, and there is no external raising, holding on behalf, structured arrangement or indirect use of the company’s and its related party’s funds other than Ge Zhiyong for this subscription.

Zhang Hong and Wang Huaiqian, the lenders of the subscription fund, promise that they understand the purpose of the loan fund, that is, Ge Zhiyong will use it to subscribe for the shares issued by Wuxi Autowell Technology Co.Ltd(688516) ; The loan is indeed a loan. I will perform the relevant agreements in accordance with the term and interest rate agreed in the loan cooperation intention agreement and the supplementary agreement to the loan cooperation intention agreement, that is, the term is 24 months and can be extended for 12 months with my consent, and the interest is 9% (simple interest) of the total loan. I have no holding or other interest arrangement with the borrower Ge Zhiyong and its controlled affiliates. I am willing to accept relevant supervision and inspection on the above commitments. If I violate the above commitments, the relevant income corresponding to the illegal part will belong to Wuxi Autowell Technology Co.Ltd(688516) .

Ge Zhiyong, the object of this issuance, promises that the loan fund is indeed a loan, and there are no holding, compensation, promised income or other interest arrangements between myself and the related parties under my control and the lender. I am willing to accept relevant supervision and inspection on the above commitments. If I violate the above commitments, the relevant income corresponding to the illegal part will belong to the listed company. “

(II) “section III feasibility analysis of the board of directors on the use of the raised funds”

1. (IV) implementation preparation and progress of the project

Before revision:

“2. Science and technology reserve fund

The planned total investment of the project is 150 million yuan and the proposed raised fund is 150 million yuan. At present, the foreign strategic investment projects and cooperative R & D projects in the science and technology reserve fund projects are still in the stage of coordination and negotiation, and will be transferred to the implementation stage when the conditions are ripe. This project does not involve handling project initiation filing and environmental impact assessment. “

Revised:

“2. Science and technology reserve fund

The planned total investment of the project is 150 million yuan and the proposed raised fund is 150 million yuan. Among them, 120 million yuan of foreign strategic investment is mainly used to pay the equity investment funds that can obtain the control of the target enterprise; 30 million yuan of technical cooperation research and development is mainly used to pay for foreign technical cooperation. At present, the foreign strategic investment projects and cooperative R & D projects in the science and technology reserve fund projects are still in the stage of coordination and negotiation, and will be transferred to the implementation stage when the conditions are ripe. This project does not involve handling project initiation filing and environmental impact assessment. “

It is hereby explained.

(no text below)

(there is no text on this page, which is the signature page of the notes on the revision of the application documents for issuing A-Shares to specific objects in Wuxi Autowell Technology Co.Ltd(688516) 2021)

Wuxi Autowell Technology Co.Ltd(688516) mm / DD / yyyy

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