This announcement is a separate document:
恒宝股份：上海荣正企业咨询服务（集团）股份有限公司关于恒宝股份有限公司2021年股票期权激励计划相关事项之独立财务顾问报告
Hengbao Co.,Ltd.: Shanghai Rongzheng Enterprise Consulting Services (Group) Co., Ltd.'s independent financial advisor report on the matters related to hengbao co.,ltd.'s 2021 stock options incentive plan.
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