Review Report
Hua Xing Accounting Firm (Special General Partnership)
Review Report No. Hua Xing [2026] 25012300050
To all shareholders of Guangzhou Zhiguang Electric Co., Ltd.:
We have reviewed the pro forma financial statements of Guangzhou Zhiguang Electric Co., Ltd. (hereinafter referred to as "Zhiguang Electric"), including the pro forma consolidated balance sheets as of December 31, 2024, and December 31, 2025, the pro forma consolidated income statements for the years 2024 and 2025, and the related notes to the pro forma financial statements. The preparation of the pro forma consolidated financial statements is the responsibility of the management of Zhiguang Electric. Our responsibility is to issue a review report on these pro forma consolidated financial statements based on our review work. We conducted our review in accordance with the "Chinese Certified Public Accountant Review Standard No. 2101 - Review of Financial Statements." This standard requires us to 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 company 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 were not prepared in all material respects in accordance with the basis of preparation described in the accompanying notes.
Notes to the Pro Forma Consolidated Financial Statements of Guangzhou Zhiguang Electric Co., Ltd. for the Years 2024 and 2025
(The amounts are in Renminbi Yuan unless otherwise specified)
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Basic Information of the Company
Guangzhou Zhiguang Electric Co., Ltd. (hereinafter referred to as the "Company" or "Zhiguang Electric") was approved for its initial public offering of stock by the China Securities Regulatory Commission on August 2007, with approval document No. [2007] 255, and was listed on the Shenzhen Stock Exchange on September 17, 2007, with stock code 002169. After the initial public offering, the total share capital was 68.08 million shares. The company is registered with the Guangzhou Market Supervision Administration, with a unified social credit code of 91440101714276826M. As of December 31, 2025, the registered capital was RMB 782.704094 million. -
Company Registration, Organizational Form, and Headquarters Address
Registered Address: No. 51, Punan Road, Huangpu District, Guangzhou.
Organizational Form: The company is a joint-stock limited company and has established organizational structures such as the shareholders' meeting and board of directors in accordance with the Company Law and the Articles of Association. The shareholders' meeting is the highest authority of the company; the board of directors is responsible for executing the resolutions of the shareholders' meeting and making decisions on daily management and operations, and is accountable to the shareholders' meeting.
Headquarters Address: No. 89, Ruihe Road, Huangpu District, Guangzhou. -
Business Scope
Manufacturing of power electronic components; manufacturing of industrial automation control systems; manufacturing of electrical instruments; sales of electrical machinery and equipment; research and development of electronic, communication, and automatic control technologies; power electronics technology services; computer technology development and services; electromechanical equipment installation services; import and export of goods (excluding items subject to special control); technology import and export; wholesale of electronic products; retail of electronic products; wholesale of computers; retail of computers. -
Nature of Business and Operating Activities
The company operates in the manufacturing of electrical energy storage equipment and comprehensive energy services. -
Approval Date of Financial Statements
The financial statements were approved for issuance by the company's board of directors on April 14, 2026.