Announcement on the Selection of Custodian Bank for Nanjing X ingong Medical and Health Industry Chain - Strengthening M&A Equity Investment Fund Partnership (Limited Partnership)

In accordance with the relevant provisions such as the "Implementation Opinions on Building Nanjing's '4+N' Industrial Cluster to Focus on Promoting the Development of a Strong Industry City" and the "Investment Rules for Municipal State-owned Enterprise Funds of Nanjing's '4+N' Industrial Fund Cluster", Nanjing Xingong Medical and Health Industry Chain - Strengthening M&A Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as the "Industry Chain - Strengthening M&A Fund") and Nanjing Xingong Emerging Industry Investment Management Co., Ltd. (hereinafter referred to as the "Manager") jointly select the fund custodian bank. The selection plan for the custodian bank of the Industry Chain - Strengthening M&A Fund is hereby announced as follows:

1. Main Responsibilities of the Custodian Bank

The custodian bank shall focus on ensuring the fund's capital security, specifically responsible for the daily work such as the custody, allocation and settlement of the fund's capital, conducting dynamic supervision over the fund's investment activities, and submitting custody reports to the Manager on a regular basis. Its main responsibilities are as follows:

Determine the account opening branch of the fund custodian bank account, open a fund-raising account, a custodial capital account or other necessary accounts for the fund, and keep the relevant account materials.

Be responsible for the custody of the fund's capital, account management, capital liquidation and other matters, ensure the independence and safety of the fund's assets, and conduct dynamic supervision over investment activities.

In accordance with the fund agreement (articles of association), the resolution of the partners' (shareholders') meeting, etc., review the fund transfer instructions and the attached documents, and then execute the valid fund transfer.

Provide convenient channels for capital transactions, third-party custody, bank-securities transfer, capital supervision services, etc.; provide real-time reminders of capital changes, account balance inquiry, capital transaction details inquiry and download functions; reconcile the account records with the fund manager within 5 working days at the beginning of each month, and provide online banking receipts, account statements, etc.

Supervise the use of the capital of the custodied fund, issue quarterly, semi-annual and annual custody reports in accordance with the specified format requirements as required by the fund, submit the quarterly custody report of the fund's capital to the fund manager within 10 days after the end of each quarter, and submit the annual custody report of the fund's capital for the previous year within 1 month after the end of each fiscal year.

The custodian bank shall arrange special personnel to be responsible for the work related to the fund, and the personnel shall be relatively fixed, capable of providing professional and efficient services, and responding to and solving various needs in the fund operation process within a time limit.

Update the fund operation data in a timely manner. As required, the custodian bank account data must be directly connected to the central database system of the Venture Capital Group, and the capital transaction information related to the fund's business shall be synchronized in a timely manner to ensure the timely synchronization of data.

On the basis of ensuring safety and overall liquidity, when the fund and the manager conduct gap capital management and inquire about the allocation product prices from the bank, the custodian bank must provide product quotations as required. When the fund allocates products based on the inquiry of the gap capital management plan, the custodian bank shall ensure that it will not prevent the fund from purchasing fixed-income financial assets with good safety and liquidity such as bank deposits, national bonds, and local government bonds in other banks except the custodian bank for any reason (the capital shall be returned directly to the custodian bank by the original route after the product matures).

Under the conditions that comply with the regulatory rules and the bank's credit policy, give priority to providing financing support for the investment projects of the parent and child funds.

Conduct dynamic supervision over the use, recovery and management of capital. When there is abnormal capital flow, the custodian bank shall find out the situation in a timely manner, promptly remind the fund manager of the violation risk, and report to the fund manager and the investors in a timely manner.

Cooperate with the supervision work, shall not refuse, obstruct or delay, and shall not provide false fund management materials and information.

Other responsibilities stipulated in the fund custody agreement and other requirements of relevant laws and regulations. In case of violation of the above contents, the fund and the manager have the right to unilaterally terminate the custody agreement and re-select the fund custodian bank without assuming any liability for breach of contract.

2. Qualification Requirements for Custodian Bank Application

Bank institutions intending to apply for participation in this selection shall meet the following conditions:

Being a legal person or branch with the ability to bear civil liabilities, having a good business reputation and a sound financial and accounting system, and having a good record of paying taxes and social security funds in accordance with the law.

Being one of the domestic systemically important banks (or their branches) newly identified by the People's Bank of China and the National Financial Regulatory Administration.

Being a commercial bank established for more than 5 years, with its headquarters in Nanjing or having a branch in Nanjing, and having the ability to provide localized services.

Having the fund custody qualification approved by the securities regulatory authority under the State Council (China Securities Regulatory Commission) and the National Financial Regulatory Administration.

Having a special fund custody department and personnel, being able to send special personnel to be responsible for the relevant custody business, and being able to handle problems and propose solutions in a timely manner.

Having the necessary equipment, systems and professional and technical capabilities to perform the custody agreement, and having a sound fund custody, audit supervision and risk control system.

Having custody experience in government investment funds, private equity investment funds or other fund assets.

Being able to provide a capital-guaranteed capital management plan for the idle gap capital of the fund custody account.

Having no major negligence or adverse records of punishment by administrative authorities or judicial organs in fund custody business in the recent 3 years.

For commercial banks with branches in Nanjing, the branches located in Nanjing shall participate in this selection.

Joint application in the form of a consortium will not be accepted.

Having no other acts prohibited by laws, regulations, etc. from participating in this selection.

3. Selection Process

The selection work will be carried out in the following procedures: public solicitation - qualification review - expert evaluation - shortlist announcement - agreement negotiation - agreement signing.

The fund manager, together with Xingong Group and Venture Capital Group, issues the selection announcement and selects the custodian bank through public procedures.

Banks that are willing to apply and meet the above qualification requirements submit application materials to the fund manager.

The fund manager conducts qualification review based on the application materials submitted by the participating banks and organizes experts to conduct evaluation.

After the selection result is issued, it will be announced on the official media platforms of the fund manager and the Venture Capital Group.

The fund manager conducts business negotiations with the custodian bank on the custody agreement to ensure the implementation of the relevant custody requirements.

The fund manager organizes and holds a fund partners' meeting to determine the custodian bank and sign the custody agreement.

4. Application Method

Please carry out the application work for the fund custodian bank in accordance with the requirements of this announcement and prepare detailed application materials in accordance with the requirements of the annex.

The participating banks shall be responsible for the authenticity of the materials provided, and at the same time shall commit that the service plan and other key elements provided will be effectively implemented. If it is found that the applying bank submits false materials, data or supporting documents, its qualification for this selection will be cancelled.

4.1 Requirements for Material Submission

Deadline for submission of application letter: 16:00 on December 10, 2025 (Beijing time); late submissions will not be accepted.

Deadline for submission of application materials: 16:00 on December 19, 2024 (Beijing time); late submissions will not be accepted.

Submission method:

Application letter: Submit the paper version on-site to Nanjing Xingong Emerging Industry Investment Management Co., Ltd. (Office 313, No. 65, Changjinglou West Street, Xuanwu District, Nanjing City, Jiangsu Province). Contact person: Zheng Zhiyao. Tel: 025-89698623, 17601566650.

Application materials: Send the sealed electronic version to the email address zzy@niiicapital.com; mail or submit the paper version of the application materials (5 copies) on-site to Nanjing Xingong Emerging Industry Investment Management Co., Ltd. (Office 313, No. 65, Changjinglou West Street, Xuanwu District, Nanjing City, Jiangsu Province). Contact person: Zheng Zhiyao. Tel: 025-89698623, 17601566650.

5. Other Matters

The custodian bank shall strictly implement the relevant commitments. During the custody period, the fund manager shall regularly evaluate the performance of the custodian bank's obligations and the quality of the custody services. If the custodian bank fails to perform the duties specified in Article 1 of this plan or seriously violates the custody agreement, the fund and the manager have the right to unilaterally terminate the custody agreement and re-select the fund custodian bank without assuming any liability for breach of contract.

When the custodian bank violates the commitment matters, service requirements or contract agreements, the fund and the manager will take certain measures according to the specific circumstances, including but not limited to deducting 5-10 points in the next selection, including it in the negative bank list and no longer selecting it, pursuing liability for breach of contract, and reporting the relevant situation to the financial regulatory authorities.

Nanjing Xingong Emerging Industry Investment Management Co., Ltd.

December 3, 2025