Special Audit Report
Report of Independent Registered Public Accounting Firm
To the Shareholders of Nan Guo Real Estate Co., Ltd.:
I. Audit Opinion
We have audited the accompanying statement of profit and loss for the transition period of the transferred assets of Nan Guo Real Estate Co., Ltd. (hereinafter referred to as "Nan Guo Real Estate") for the period from May 1, 2025, to November 30, 2025, and the related notes (hereinafter referred to as the "statement of profit and loss for the transition period").
In our opinion, the statement of profit and loss for the transition period of the transferred assets of Nan Guo Real Estate has been prepared, in all material respects, in accordance with the provisions of the Accounting Standards for Business Enterprises and the basis for preparation of the statement of profit and loss for the transition period as described in Note II to the statement of profit and loss for the transition period.
II. Basis for Audit Opinion
We conducted our audit in accordance with the Standards for Auditing Standards of Certified Public Accountants of China. Our responsibilities under those standards are further described in the "Auditor's Responsibilities for the Audit of the Statement of Profit and Loss" section of our report. We are independent of Nan Guo Real Estate in accordance with the Code of Professional Conduct for Certified Public Accountants of China, and we have fulfilled our other ethical responsibilities in accordance with the Code of Professional Conduct. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.