Verification opinions of CITIC Securities Co., Ltd. on the use of part of idle raised funds by Guangdong Marumi Biotechnology Co., Ltd. to temporarily supplement working capital
CITIC Securities Co., Ltd.
About Guangdong Marumi Biotechnology Co., Ltd.
Verification opinions on using part of idle raised funds to temporarily supplement working capital
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities"), as the sponsor of the initial public offering of Guangdong Marubi Biotechnology Co., Ltd. (hereinafter referred to as "Marubi Biotechnology" or the "Company"), in accordance with the "Company Law of the People's Republic of China", "Securities Law of the People's Republic of China", "Measures for the Administration of Sponsorship Business for Securities Issuance and Listing", "Supervisory Rules for Fund Raising by Listed Companies", "Stock Listing Rules of the Shanghai Stock Exchange" and "Self-Regulatory Supervision Guidelines for Listed Companies of the Shanghai Stock Exchange" No. 1 - Standardized Operations" and other relevant regulations, Marubi Biotech has conducted a careful review on the use of part of idle raised funds to temporarily supplement working capital. The review situation and review opinions are as follows:
1. Basic situation of raised funds
Name of issue Total funds raised from the initial public offering of shares in 2019 842.14 million yuan Net amount of funds raised Time of receipt of funds raised 790.002 million yuan The last time the funds raised were used to temporarily supplement working capital on July 22, 2019
Not applicable repayment date and amount
2. Basic situation of investment projects with raised funds
As of December 31, 2025, the company has used a total of 557.3775 million yuan of raised funds, and the balance of unused raised funds is 232.6245 million yuan (excluding the amount of cash management accounts, financial management income and interest income). The details are as follows:
Unit: 10,000 yuan Issue name Account balance of funds raised from initial public offering of shares in 2019 23,262.45
Name of the raised investment project Amount of raised funds invested Amount of raised funds used Project progress Cosmetics intelligent manufacturing factory construction project 25,026.35 24,787.03 99.04% Marketing upgrade and operation headquarters construction 42,278.12 26,090.97 61.71%
Digital operation center construction project 8,865.00 2,029.02 22.89% Information network platform project (completed) 2,830.73 2,830.73 100.00%
Total 79,000.20 55,737.75 70.55%
3. This time’s plan to use part of the idle raised funds to temporarily supplement working capital
According to the company's production and operation needs and financial status, in order to improve the efficiency of the use of raised funds and reduce operating costs, and on the premise of ensuring that the construction of investment projects with raised funds and the use plan of raised funds are not affected, the company plans to use no more than RMB 80 million of temporarily idle raised funds to temporarily supplement working capital. The use period will not exceed 12 from the date of review and approval by the company's board of directors. Months, the above quota can be used on a rolling basis during the validity period of the resolution, and will be returned to the corresponding special account for raised funds when it expires. The company will implement this temporary replenishment by opening a special account for raised funds. The company's board of directors agreed to authorize the company's management and its authorized persons to sign the "Tripartite Supervision Agreement for Special Account Deposit of Raised Funds" with the sponsor and the bank, and authorized the Finance Department to specifically handle other matters related to the temporary replenishment of liquidity for the raised funds.
The company will use the above-mentioned raised funds in strict accordance with the relevant regulations of the China Securities Regulatory Commission, the Shanghai Stock Exchange and the company's "Raised Funds Management System" and other relevant requirements. The use of part of the idle raised funds to temporarily replenish working capital is limited to production and operations related to the main business. It will not change or change the purpose of the raised funds in any disguise, and will not affect the normal advancement of investment projects with raised funds. Upon expiration of the use period, the company will promptly and fully return the raised funds used to temporarily replenish working capital. If the raised funds investment project needs to use this part of the raised funds to supplement working capital due to investment and construction needs, the company will return it in a timely manner to ensure that the normal implementation of the raised funds investment projects is not affected.
- The board of directors’ review process for this plan to temporarily replenish working capital with part of the idle raised funds and whether it meets regulatory requirements
The company held the 15th meeting of the fifth session of the Board of Directors on May 13, 2026, and reviewed and approved the "Proposal on Using Part of Idle Raised Funds to Temporarily Supplement Working Capital", agreeing that the company will use no more than RMB 80 million of idle raised funds to temporarily supplement working capital, with a period of use not exceeding 12 months from the date of review and approval by the board of directors. The company's review process for using part of the idle raised funds to temporarily replenish working capital complies with relevant regulations such as the "Supervisory Rules for Listed Companies' Raised Funds" and "Shanghai Stock Exchange Self-Discipline Supervision Guidelines for Listed Companies No. 1 - Standardized Operations."
5. Sponsor’s verification opinions
After verification, the sponsor believes that:
The company's use of part of the idle raised funds to temporarily replenish working capital has been reviewed and approved at the 15th meeting of the company's fifth board of directors, and the necessary review procedures have been performed and complied with the "Regulations on the Supervision of Funds Raised by Listed Companies", "Shanghai Stock Exchange Self-Discipline Supervision Guidelines for Listed Companies No. 1 - Standardized Operations" and other relevant regulations. The company's use of part of the idle raised funds to temporarily replenish working capital is limited to production and operations related to its main business. It will not change or disguise the purpose of the raised funds, and will not affect the normal advancement of investment projects with raised funds, which will help improve the efficiency of the use of raised funds. The sponsor has no objection to the company's use of part of the idle raised funds to temporarily replenish working capital.
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