002305SZSE

Independent Directors' Independent Opinion on the Company's Related Party Fund Occupation and External Guarantee Situation

*ST Nan Zhi Co., Ltd.·

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This report presents the independent directors' review of the company's fund occupation by controlling shareholders and other related parties, and external guarantees. The directors found no instances of fund occupation or provision of funds to related parties. External guarantees were found to be compliant with regulations and in line with the company's normal operations, without harming shareholder interests.

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Independent Directors' Independent Opinion on the Company's Related Party Fund Occupation and External Guarantee Situation

According to the provisions of the "Company Law," "Securities Law," and "Guiding Opinions of the China Securities Regulatory Commission No. 8 — Regulatory Requirements for Listed Companies' Fund Transactions and External Guarantees," as independent directors of the company, we have carefully investigated the situation of fund occupation by the company's controlling shareholders and other related parties, and the company's external guarantees. Based on an objective and independent judgment from each individual, we hereby express our independent opinion on the company's fund occupation by controlling shareholders and other related parties, and the company's external guarantees for the year 2025 as follows:

I. Fund Transactions Between the Company and Controlling Shareholders and Other Related Parties

Upon reviewing the fund transactions between the company and its controlling shareholders and other related parties, we found that during the reporting period, the company did not have any instances of fund occupation by controlling shareholders and other related parties, nor did it provide funds directly or indirectly to related parties for their use.

II. External Guarantee Situation

During the reporting period, the company strictly adhered to relevant regulations and standardized its external guarantee activities, controlling the risk of external guarantees. There were no instances of non-compliant guarantees. The company's external guarantees were for the needs of its daily operations and the rational utilization of funds. The decision-making procedures for external guarantees were legal and reasonable, and did not harm the interests of the company and its shareholders.

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