Audit Opinion of CITIC Securities Co., Ltd. and Western Securities Co., Ltd. on Estimated Annual Related Party Transactions for 2026
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") and Western Securities Co., Ltd. (hereinafter referred to as "Western Securities" or "Sponsor") are the sponsors and continuing sponsors for the initial public offering of shares of Shaanxi Energy Investment Co., Ltd. (hereinafter referred to as "Shaanxi Energy" or "the Company") on the main board. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Shenzhen Stock Exchange Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Norms for the Operation of Main Board Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 13 - Sponsorship Business," etc., they have audited the actual related party transactions of Shaanxi Energy in 2025 and the estimated related party transactions for 2026. The details are as follows:
I. Basic Situation of Related Party Transactions
(I) Overview of Related Party Transactions
Shaanxi Energy held the sixth meeting of its third Board of Directors on April 17, 2026, and reviewed and approved the "Proposal on Estimating the Company's Annual Related Party Transactions for 2026." This proposal needs to be submitted to the 2025 Annual Shareholders' Meeting for review.
(II) Actual Occurrence of Related Party Transactions in 2025
- Related Purchases and Sales
| Related Transaction Category | Related Party | Related Transaction Content | Pricing Principle for Related Transactions | 2025 Actual Amount | Initial Forecast Amount | Actual Amount as a Percentage of Related Business | Difference Between Actual and Forecast Amount | Disclosure Date and Index |
|---|---|---|---|---|---|---|---|---|
| Purchases from related parties for materials and equipment | Shaanxi Province Hanzhong City Ruida Petrochemical Co., Ltd. and other companies controlled by Shaanxi Investment Group | Purchase of materials and equipment | 247.33 | 3,000.00 | 0.04% | -91.76% | See the "Announcement on the Forecast of Annual Related Party Transactions for 2025" disclosed on the Juchao Information Network on April 18, 2025 | |
| Purchases from related parties for engineering services | Shaanxi Tiandi Geological Co., Ltd. and other companies controlled by Shaanxi Investment Group | Purchase of engineering services | 14,811.11 | 26,000.00 | 1.87% | -43.03% | ||
| Purchases from related parties for labor services | Xi'an Shida Property Management Co., Ltd. and other companies controlled by Shaanxi Investment Group | Purchase of labor services | Priced according to industry peer standards | 16,979.34 | 23,000.00 | 44.82% | -26.18% | |
| Sales of products and goods to related parties | Shaanxi Jintai Chlor-Alkali Chemical Co., Ltd. and other companies controlled by Shaanxi Investment Group | Sales of products and goods | 6,554.08 | 36,000.00 | 0.29% | -81.79% | ||
| Pingshi City Thermal Power Co., Ltd., Xinjiang Wanning Jiangbu Electric Power Co., Ltd., and other investee companies | Sales of products and goods | 2,837.31 | 4,000.00 | 0.13% | -29.07% | |||
| Provision of labor services to related parties | Wukalou County Datian New Energy Development Co., Ltd. and other companies controlled by Shaanxi Investment Group | Provision of labor services | 1,535.45 | 5,000.00 | 7.35% | -69.29% | ||
| Rental of related party property and vehicles | Shaanxi Huashan Venture Co., Ltd. and other companies controlled by Shaanxi Investment Group | Payment of rental fees for properties and vehicles | Determined through fair negotiation between both parties based on market rental prices | 1,471.98 | 2,000.00 | 43.95% | -26.29% |