Attestation Report on the Custody, Management, and Use of Raised Funds for the Year 2025
XYZH/2026BJAA8B0076 Hanwang Technology Co., Ltd.
To all shareholders of Hanwang Technology Co., Ltd.:
We have performed attestation procedures on the Special Report on the Custody, Management, and Use of Raised Funds for the Year 2025 (hereinafter referred to as the "Special Report on Raised Funds") of Hanwang Technology Co., Ltd. (hereinafter referred to as "Hanwang Technology").
The management of Hanwang Technology is responsible for preparing the Special Report on Raised Funds in accordance with the relevant regulations of the Shenzhen Stock Exchange. This responsibility includes designing, implementing, and maintaining internal controls related to the preparation of the Special Report on Raised Funds, ensuring the truthfulness, accuracy, and completeness of the Special Report on Raised Funds, and that there are no material misstatements due to fraud or error. Our responsibility is to express an attestation opinion on the Special Report on Raised Funds based on our attestation work.
We performed attestation procedures in accordance with the "Other Attestation Services - Attestation Engagements Other Than Audits or Reviews of Historical Financial Information" (CSAE 3101) issued by the Chinese Institute of Certified Public Accountants to obtain reasonable assurance about whether the Special Report on Raised Funds is free from material misstatement. In the course of our attestation work, we performed procedures such as inquiries, inspections, and recalculations, the selection of which depended on our professional judgment. We believe that our attestation work provides a reasonable basis for our opinion.
We are of the opinion that the aforementioned Special Report on Raised Funds of Hanwang Technology has been prepared in accordance with the relevant regulations of the Shenzhen Stock Exchange and, in all material respects, truthfully reflects the actual custody, management, and use of raised funds by Hanwang Technology in 2025.
This attestation report is for the purpose of disclosure in Hanwang Technology's 2025 annual report only. It may not be used for any other purpose without the written consent of our firm.
Attestation Report (Continued)
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Shine Wing Certified Public Accountants (Special General Partnership) Chinese Certified Public Accountant: [blank] Chinese Certified Public Accountant: [blank] Beijing, China March 26, 2026
Special Report on the Custody, Management, and Use of Raised Funds for the Year 2025
Hanwang Technology Co., Ltd.
In accordance with the "Supervision Measures for the Management of Raised Funds of Listed Companies" issued by the China Securities Regulatory Commission and the "Shenzhen Stock Exchange Stock Listing Rules No. 1 - Norms for the Operation of Main Board Listed Companies" issued by the Shenzhen Stock Exchange, and other relevant regulations, the company's custody, management, and use of raised funds for the year 2025 are reported as follows:
I. Basic情况 of Raised Funds
According to the "Approval for Non-public Offering of Shares of Hanwang Technology Co., Ltd." (Zhengjian Xuke [2020] No. 1911) issued by the China Securities Regulatory Commission, the company adopted a non-public offering of shares to specific investors, issuing a total of 27,465,354 A shares of ordinary shares, with a par value of RMB 1.00 per share. The offering price was RMB 20.73 per share. The total amount of raised funds from this non-public offering was RMB 569,356,788.42. After deducting issuance expenses of RMB 8,379,338.09 (excluding tax), the net amount of raised funds was RMB 560,977,450.33.
The above-mentioned raised funds were verified by Shine Wing Certified Public Accountants (Special General Partnership), which issued an audit report XYZH/2020BJAA80056 on December 28, 2020.