Table of Contents
- Review Report…………………………………………………………… Page 1
- Pro Forma Consolidated Financial Statements……………………… Page 2—3
(1) Pro Forma Consolidated Balance Sheet………………………… Page 2
(2) Pro Forma Consolidated Income Statement……………………… Page 3 - Notes to Pro Forma Consolidated Financial Statements…………… Page 4—85
- Report Qualifications………………………………………………… Page 86—90
Review Report
Tianjian Audit [2026] No. 8-581
To all shareholders of Guocheng Mining Co., Ltd.:
We have reviewed the pro forma consolidated financial statements of Guocheng Mining Co., Ltd. (hereinafter referred to as "Guocheng Mining"), which are prepared based on the accounting principles described in Note 3 of the pro forma consolidated financial statements. This includes the pro forma consolidated balance sheet as of December 31, 2025, the pro forma consolidated income statement for the year 2025, and the accompanying notes to the pro forma consolidated financial statements.
The preparation of the pro forma consolidated financial statements is the responsibility of the management of Guocheng Mining. Our responsibility is to issue a review report on these financial statements based on our review.
We conducted our review in accordance with the Chinese Certified Public Accountant Practice Standards. These standards require that we plan and perform the review to obtain limited assurance about whether the pro forma consolidated financial statements are free of material misstatement. A review is primarily limited to inquiries of Guocheng Mining's personnel and analytical procedures applied to financial data, providing a lower level of assurance than an audit. We did not perform an audit and, accordingly, do not express an audit opinion.
Based on our review, we did not become aware of any matters that would lead us to believe that the pro forma consolidated financial statements of Guocheng Mining have not been prepared in accordance with the accounting principles described in Note 3 of the pro forma consolidated financial statements. We remind users of the financial statements to pay attention to the explanation of the preparation basis in Note 3 of the pro forma consolidated financial statements.
This report is solely for the purpose of the asset restructuring matters described in Note 2 of the pro forma consolidated financial statements and is not intended for any other purpose. This section does not affect the previously published review opinion.
Tianjian Accounting Firm (Special General Partnership)
Chinese Certified Public Accountant:
Hangzhou, China
Chinese Certified Public Accountant:
May 22, 2026