000008SZSE

Special Explanation by the Accounting Firm on Financial Transactions Involving Related Transactions with Financial Companies for the Year 2025

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About Shenzhou High-Speed Rail Technology Co., Ltd For the 2025 fiscal year, transactions involving related-party transactions of the finance company Deposits, loans, and other financial businesses Special Explanation

Index page number Special Notes 1-2 Summary Table 1 of financial transactions involving related party transactions involving finance companies in 2025

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Trust in eternal harmony ShineWing ShineWing Certified Public Accountants ShineWing certified public accountants 9th Floor, Block A, Fuhua Building, No. 8 Chaoyangmen North Street, Dongcheng District, Beijing 9/F, Block A, Fu Hua Mansion, No.8, Chaoyangmen Beidajie, Dongcheng District, Beijing, 100027, P.R.China Contact number: +86 (010) 6554 2288 telephone: +86 (010) 6554 2288 Fax: +86 (010) 6554 7190 facsimile: +86 (010) 6554 7190

About Shenzhou High-Speed Rail Technology Co., Ltd

Special Explanation for 2025 on Financial Transactions Related to Finance Companies Including Deposits, Loans, and Other Financial Transactions

XYZH/2026BJAA4B0244

Shenzhou High-Speed Rail Technology Co., Ltd

All shareholders of Shenzhou High-Speed Rail Technology Co., Ltd.:

We audited the 2025 financial statements of Shenzhou High-Speed Rail Technology Co., Ltd. (hereinafter referred to as Shenzhou High-Speed Rail Corporation) in accordance with Chinese CPA auditing standards, including the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements, the consolidated and parent company cash flow statements, the consolidated and parent company statements of changes in shareholders' equity, and related financial statement notes. On April 16, 2026, we issued XYZH/ Audit Report No. 2026BJAA4B0238 with an unqualified opinion.

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