Tongguan copper foil: Guotai Junan Securities Co.Ltd(601211) listing recommendation letter on the company's initial public offering and listing on the gem

Guotai Junan Securities Co.Ltd(601211)

about

Anhui Tongguan copper foil Group Co., Ltd. made an initial public offering and was listed on the gem

of

Listing recommendation

Sponsor (lead underwriter)

(No. 618, Shangcheng Road, China (Shanghai) pilot Free Trade Zone)

January, 2002

Guotai Junan Securities Co.Ltd(601211)

About Anhui Tongguan copper foil Group Co., Ltd

Shenzhen Stock Exchange:

Guotai Junan Securities Co.Ltd(601211) (hereinafter referred to as " Guotai Junan Securities Co.Ltd(601211) ") is entrusted by Anhui Tongguan copper foil Group Co., Ltd. (hereinafter referred to as "issuer", "Tongguan copper foil" or "company") to act as the sponsor of Tongguan copper foil's initial public offering and listing on the gem.

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"), and the measures for the administration of the registration of initial public offerings on the gem (for Trial Implementation) (hereinafter referred to as the "Registration Measures") The measures for the administration of securities issuance and listing recommendation business (hereinafter referred to as the "measures for the administration of recommendation business"), the guidelines on the content and format of the recommendation letter for GEM Listing of Shenzhen Stock Exchange, the Listing Rules of gem shares of Shenzhen Stock Exchange (hereinafter referred to as the "Listing Rules") and other relevant provisions of the CSRC and Shenzhen Stock Exchange, The recommendation institution and the recommendation representative shall issue this listing recommendation letter in strict accordance with the business rules and industry self-discipline norms formulated according to law in the professional spirit of honesty, trustworthiness and diligence, and ensure that the listing recommendation letter issued is true, accurate and complete.

Unless otherwise specified in this listing recommendation letter, relevant terms have the same meaning as those in the prospectus of Anhui Tongguan copper foil Group Co., Ltd. for initial public offering and listing on GEM.

1、 Basic information of the issuer (I) basic information

Anhui Tongguan copper foil Group Co., Ltd

English name Anhui Tongguan copper foil Group Co., Ltd

The registered capital is 621761658 yuan

Legal representative: Ding Shiqi

Date of establishment: October 18, 2010

Registered address: No. 189, Qingxi Avenue, economic and Technological Development Zone, Chizhou City, Anhui Province

Postal Code: 247100

Chen Zhuo, head of information disclosure of the Department responsible for information disclosure and investor relations of the office of the board of directors

Tel.: 0566-3206810

Fax No.: 0566-3206866

E-mail [email protected].

Business scope: electronic copper foil manufacturing, sales and services, copper commodity trade (for projects subject to approval according to law, business activities can be carried out only with the approval of relevant departments)

(II) main business

The company is mainly engaged in the R & D, manufacturing and sales of all kinds of high-precision electronic copper foil. The main products include PCB copper foil and lithium battery copper foil according to the application field. Since the establishment of the company, the main business has not changed significantly.

The issuer is one of the leading enterprises in China's electronic copper foil industry. As of the date of issuance of this listing recommendation letter, the issuer has a total capacity of 45000 tons / year of electronic copper foil products, including 25000 tons / year of PCB copper foil and 20000 tons / year of lithium battery copper foil, forming a dual core driven business development model of "PCB copper foil + lithium battery copper foil". The issuer has established long-term cooperative relations with well-known enterprises in the industry in the field of PCB copper foil and lithium battery copper foil, and has obtained the supplier certification of these enterprises. The issuer's customers in the field of PCB copper foil include Shengyi Technology Co.Ltd(600183) , Taiyu technology, taioptoelectronics, Zhejiang Wazam New Materials Co.Ltd(603186) , Goldenmax International Technology Ltd(002636) , Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Nanya New Material Technology Co.Ltd(688519) , and customers in the field of lithium battery copper foil include Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) , Gotion High-Tech Co.Ltd(002074) Xingheng Co., Ltd.

(III) core technology and R & D level

1. The company has strong R & D strength

Since its establishment, the company has been engaged in the research, production and sales of electronic copper foil, focusing on improving the performance of electronic copper foil products. The company's core technology mainly comes from internal independent research and development and external product demand: ① internal research and development

The company's R & D personnel are senior people in the copper foil industry, who are the talents involved in this industry earlier in China. The company has a high-quality technology R & D team with comprehensive technology, reasonable professional allocation and keen innovation.

Mr. Ding Shiqi, chairman of Tongguan copper foil, is a doctor, professor level senior engineer, an expert enjoying the special allowance of the State Council, a representative of the 13th National People's Congress, and the leader of the "new electronic copper foil process and equipment R & D innovation team" of the Sixth Batch of "115" industrial innovation team in Anhui Province. He is the national standard general specification for metal foil for printed circuits The main drafter of the industry standard electrolytic copper foil for lithium ion battery. Mr. Ding Shiqi has been deeply involved in the copper foil industry for many years and has worked in Nonferrous Metals Group for more than 30 years. He is the main promoter of various core technologies and products of Copper Crown copper foil. Mr. Lu Binghu, head, director and deputy general manager of Tongguan copper foil R & D team, is a senior engineer, an expert enjoying the special allowance of the State Council, the leader of the 12th batch of "115" industrial innovation team "5g communication high-frequency, high-speed and high-performance electronic copper foil R & D innovation team" in Anhui Province, and the first drafter of the national standard electrolytic copper foil for printed board, Has worked in Tongling Nonferrous Metals Group Co.Ltd(000630) for more than 30 years; Mr. Wang Tong, deputy general manager of Tongguan copper foil, is a senior engineer, an expert enjoying the special allowance of the State Council and a winner of the National May Day Labor Medal. He has worked in Tongling Nonferrous Metals Group Co.Ltd(000630) for more than 20 years. In addition to the above technical leaders, Tongguan copper foil has more than ten experts with senior professional titles, who have presided over and participated in the design, equipment installation, production commissioning and other project construction of the company's high-precision electronic copper foil project, and have rich experience in R & D and production practice.

To sum up, Tongguan copper foil core technology R & D team is stable, with outstanding R & D strength, rich successful experience in product and technology R & D, and a deep understanding of industry technology trends, product demand analysis and operation management.

② External demand

The company's main customers are large well-known enterprises in the field of copper clad laminate, printed circuit board and lithium battery, and maintain stable cooperative relations with them. Different customers have different requirements for product structure, specification and performance. Therefore, the company optimizes and improves product structure and performance by meeting the needs of different customers, and accumulates R & D and production experience. Stabilize the different demands of downstream customers for products and promote the company to continuously improve its R & D and technical level.

Based on the stable R & D technical team and the product needs of major downstream customers, the company has continuously developed PCB copper foil and lithium battery copper foil products, optimized and upgraded the process flow, and gradually mastered high-end PCB copper foil such as RTF copper foil and HVLP copper foil and 4.5 μ m、6 μ M and other core manufacturing technologies of extremely thin lithium battery copper foil and high tensile lithium battery copper foil. The company's technical capacity has reached a high level in the industry.

2. The company's R & D achievements are remarkable

The company has formed strong R & D and innovation capabilities through independent innovation, cooperative R & D and other innovation paths. As of the issuance date of this listing recommendation letter, the company has 50 patents, including 25 invention patents and 25 utility model patents. The core technologies of the company are independently developed. The core technologies are effectively applied in the production process of copper foil, which provides a strong guarantee for the business development of the company. As of the date of issuance of the listing recommendation, the core technologies owned by the company are as follows:

Serial number technology name technology source application in main business and products

1 high efficiency copper dissolving technology is independently developed and applied to copper dissolving process

2 electrolyte high-precision filtration technology is independently developed and applied to the filtration process of copper dissolved electrolyte

3 high efficiency combined additive technology is independently developed and applied to the green foil process of electronic copper foil for lithium battery

4. The smooth texturing treatment technology is independently developed and applied to the surface treatment technology

5 ultra thick electronic copper foil production technology is independently developed and applied to green foil and post-treatment process

6 high roughness electronic copper foil manufacturing technology is independently developed and applied to green foil and post-treatment process

7 micro nodulation surface treatment technology is independently developed and applied to surface treatment process

A new type of extrusion roller with accurate and quick adjustment is independently developed and applied to the green foil process

8. Equipment and technology

9 high precision anode system technology is independently developed and applied to green foil process

The auxiliary anode system technology of 10 green foil machine is independently developed and applied to the green foil process

11. Anode strip potential detection technology for electronic copper foil is independently developed and applied to green foil process

12 high current high frequency switching power supply technology is independently developed and applied to green foil and surface treatment process

On line copper powder cleaning technology of 13 slitter is independently developed and applied to slitting process

3, the core technology of the company has advanced nature.

The company's core technology is advanced, "research and industrialization of environmental friendly ultra-thin electronic copper foil technology" and "research and application of high-performance electronic copper foil technology for high-frequency and high-speed PCB" projects have successively passed the evaluation of scientific and technological achievements organized by China Nonferrous Metals Industry Association. According to the evaluation report on scientific and technological achievements (zsxk (P) Zi [2015] No. 027) and the evaluation report on scientific and technological achievements (zsxk (P) Zi [2016] No. 165) issued by China Nonferrous Metals Industry Association, the evaluation expert group believes that the company's core technology has reached the international advanced level and some indicators are internationally leading; At present, the core technology has been industrialized and mature, and there is no risk of rapid iteration.

In addition, according to the evaluation report on scientific and technological achievements (zsxk (P) Zi [2020] No. 108) issued by China Nonferrous Metals Industry Association, the technical indicators of the company's "key technologies and applications of electrolytic copper foil production automation" project are advanced. Through the research and development of electronic copper foil production automation technology and packaging, the wrinkling and Key technical problems such as edge tearing and foil breaking, misoperation of manual tension adjustment and mutual restriction of multiple factors in the copper foil production process have broken the relevant technical monopoly of developed countries in this field and filled the technical gap in China, which is of great significance to promote the transformation and upgrading of China's high-performance electronic copper foil industry. The overall technology of the project has reached the international advanced level.

4. The company has won many awards in scientific and technological innovation

The company is a national high-tech enterprise, adhering to technological innovation and continuously developing copper foil products with high technical level and meeting market demand, and has won a number of honors and awards. The main awards are as follows:

Serial number award date honor or award name awarding unit

Anhui Provincial Department of science and technology, Anhui Provincial Department of Finance 1 July 2014 high tech enterprise, Anhui Provincial State Administration of Taxation and Anhui Provincial Local Taxation Bureau

The project of "Research on key process technology of high-precision electronic copper foil", China Nonferrous Metals Industry Association and China you2 2014.12 and industrialization "was awarded by the Nonferrous Metals Society of China Nonferrous Metals Industry Science and technology

First prize of science and Technology Award

"Environmental protection for high performance circuit board and new lithium battery"

3 "2015.1 key technology research and industrialization of electronic copper foil" project of Anhui Provincial People's Government

The project won the first prize of Anhui Science and technology award

The project of "high-performance electronic copper foil for high-frequency and high-speed PCB, China Nonferrous Metals Industry Association and China you4 2016.12 art technology research and application" was awarded by China Nonferrous Metals Society

It is the first prize of Industrial Science and technology award

Serial number award date honor or award name awarding unit

5. 2017.6 Anhui Patent Gold Award Anhui Intellectual Property Office

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