AUDIT REPORT
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RSM Accounting Firm (Special General Partnership)
Head Office: 10th Floor, Building 1, No. 22 Fuchengmenwai Avenue, Xicheng District, Beijing (100037)
TEL: 010-6600 1391 FAX: 010-6600 1392
E-mail: bj@rsmchina.com.cn
RSM Audit Word [2026] 230Z0841
To the shareholders of Wuhu Sanlian Forging Co., Ltd.:
I. AUDIT OPINION
We have audited the financial statements of Wuhu Sanlian Forging Co., Ltd. (hereinafter referred to as "Sanlian Forging"), which comprise the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in owners' equity for the year then ended, and notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Sanlian Forging as of December 31, 2025, and its financial performance and cash flows for the year then ended in accordance with the provisions of the enterprise accounting standards.
II. BASIS FOR OPINION
We conducted our audit in accordance with the Standards on Auditing issued by the Chinese Institute of Certified Public Accountants. Our responsibilities under those standards are further described in the "Responsibilities of the Registered Accountant for the Audit of Financial Statements" section of our report. We are independent of Sanlian Forging in accordance with the Code of Professional Ethics for Certified Public Accountants and the independence requirements of the Chinese Institute of Certified Public Accountants, and we have fulfilled our other responsibilities in accordance with the Code of Professional Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.