Special Explanation on the Use of Funds by Xingmin Intelligent (Group) Co., Ltd. Controlling Shareholder and Other Related Parties
To All Shareholders of Xingmin Intelligent (Group) Co., Ltd.:
We were entrusted to audit the balance sheet and consolidated balance sheet, income statement and consolidated income statement, cash flow statement and consolidated cash flow statement, statement of changes in shareholders' equity and consolidated statement of changes in shareholders' equity of Xingmin Intelligent (Group) Co., Ltd. (hereinafter referred to as "Xingmin Intelligent") as of December 31, 2025, and the notes to the financial statements. We issued an unqualified audit report with the report number Hexin Shen Zi (2026) No. 000703 on April 26, 2026.
In accordance with the "Regulatory Requirements for Listed Companies' Fund Transactions and External Guarantees" (Supervision Guideline No. 8) issued by the China Securities Regulatory Commission, the Ministry of Public Security of the People's Republic of China, the State-owned Assets Supervision and Administration Commission of the State Council, and the China Banking and Insurance Regulatory Commission, Xingmin Intelligent has prepared the attached Summary Table of Non-operational Fund Occupation and Other Related Party Fund Transactions for 2025 (hereinafter referred to as the "Summary Table"). The truthful preparation and public disclosure of the Summary Table and ensuring its authenticity, legality, and completeness are the responsibility of Xingmin Intelligent's management; our responsibility is to audit the Summary Table and issue this special explanation.