Audit Report on Internal Control
Report No.: Xin Hui Shi Bao Zi [2026] No. ZA12755
To all shareholders of Shanghai Xinpeng Industrial Co., Ltd.:
In accordance with the "Audit Guidelines for Internal Control of Enterprises" and the relevant requirements of the Chinese Certified Public Accountants' Auditing Standards, we have audited the effectiveness of the internal financial reporting controls of Shanghai Xinpeng Industrial Co., Ltd. (hereinafter referred to as "Xinpeng Shares") as of December 31, 2025.
I. The Company's Responsibility for Internal Control
In accordance with the "Basic Norms for Enterprise Internal Control," "Application Guidelines for Enterprise Internal Control," and "Evaluation Guidelines for Enterprise Internal Control," the responsibility for establishing, improving, and effectively implementing internal control, and evaluating its effectiveness lies with the board of directors of Xinpeng Shares.
II. The Responsibility of the Certified Public Accountant
Our responsibility is to express an audit opinion on the effectiveness of the internal financial reporting controls based on the implementation of audit work, and to disclose any material weaknesses in internal controls related to non-financial reporting that we have noted.
III. Inherent Limitations of Internal Control
Internal control has inherent limitations, and there is a possibility that errors may not be prevented or detected. Furthermore, due to changes in circumstances, internal control may become inappropriate, or the degree of compliance with control policies and procedures may decrease. Based on the results of the internal control audit, there is a certain risk in inferring the future effectiveness of internal control.