002045SZSE

Special Explanation on Guoguang Electric Appliances Co., Ltd.'s Non-business Fund Occupation and Other Related Party Fund Transactions in 2025 - Tianheng Special Word (2026) No. 00545

GUOGUANG ELECTRIC COMPANY LIMITED··4 pages

✨ AI Summary

This document is a special explanation by Tianheng Certified Public Accountants regarding Guoguang Electric Appliances Co., Ltd.'s non-business fund occupation and related party fund transactions for 2025. The audit firm compared the summary statement with the company's accounting information and found no material inconsistencies. Key figures include significant "Other Receivables" totaling RMB 127,912.43 million, with substantial amounts related to loans and equity transfers from wholly-owned subsidiaries and joint ventures. The material outcome is the confirmation that the company's management is responsible for the accuracy and disclosure of these transactions.

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About Guoguang Electric Appliances Co., Ltd.

Special Explanation on Non-business Fund Occupation and Other Related Party Fund Transactions in 2025

Tianheng Special Word (2026) No. 00545

To all shareholders of Guoguang Electric Appliances Co., Ltd.:

We have been engaged to audit the financial statements of Guoguang Electric Appliances Co., Ltd. (hereinafter referred to as "Guoguang Electric Appliances"), including the consolidated balance sheet and balance sheet as of December 31, 2025, the consolidated income statement and income statement for the year 2025, the consolidated cash flow statement and cash flow statement, the consolidated statement of changes in owners' equity and statement of changes in owners' equity, and the notes to the financial statements, and have issued our audit report Tianheng Shen Zi (2026) No. 00933.

In accordance with the requirements of the "Supervision Requirements for Listed Companies' Fund Transactions and External Guarantees" issued by the China Securities Regulatory Commission and the provisions of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Business Handling" of the Shenzhen Stock Exchange, your company has prepared the attached summary statement of non-business fund occupation and other related party fund transactions for 2025 (hereinafter referred to as the "Summary Statement"). The accurate preparation and external disclosure of the Summary Statement, and ensuring its truthfulness, legality, and completeness, are the responsibilities of your company's management. Our responsibility is to audit the Summary Statement and issue a special explanation.

We have compared the Summary Statement with the relevant accounting information of Guoguang Electric Appliances and have not found any material inconsistencies in all important aspects. In addition to the relevant audit procedures performed during the audit of the financial statements for related party transactions of Guoguang Electric Appliances and the above comparison procedures, we have not performed any additional audit or other procedures on the Summary Statement. To better understand the situation of Guoguang Electric Appliances' non-business fund occupation and other related party fund transactions in 2025, the Summary Statement should be read in conjunction with the audited financial statements.

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