Shine Wing Certified Public Accountants Shine Wing certified public accountants +86(010)6554 2288 +86(010)6554 2288 telephone: +86(010)6554 7190 facsimile: +86(010)6554 7190 Audit Report on Impairment Test of Major Assets for Asset Restructuring XYZH/2026CQAA2B0013 Shandong Hongqiao Aluminum Holdings Co., Ltd. To all shareholders of Shandong Hongqiao Aluminum Holdings Co., Ltd.: We were entrusted to audit the accompanying "Impairment Test Report of Major Assets for Asset Restructuring of Shandong Hongqiao Aluminum Holdings Co., Ltd." (hereinafter referred to as the "Relevant Asset Impairment Test Report") prepared by Shandong Hongqiao Aluminum Holdings Co., Ltd. (hereinafter referred to as "Hongqiao Holdings").
I. Management's Responsibility In accordance with the "Administrative Measures for Major Asset Restructuring of Listed Companies," "Regulatory Rules Application Guide - Type I Listed Companies," and the "Letter of Commitment on Impairment Compensation for the Transaction" issued by Shandong Weiqiao Aluminum Power Co., Ltd. to Hongqiao Holdings, the preparation of the relevant asset impairment test report, ensuring its content is true, accurate, and complete, and that it does not contain any false records, misleading statements, or material omissions, is the responsibility of Hongqiao Holdings' management.
II. Auditor's Responsibility Our responsibility is to express an opinion on the Relevant Asset Impairment Test Report prepared by Hongqiao Holdings' management, based on our audit work. We conducted our audit in accordance with the requirements of the Chinese Certified Public Accountants Auditing Standards. Chinese Certified Public Accountants Auditing Standards require us to comply with professional ethics, plan and perform the audit to obtain reasonable assurance about whether the relevant asset impairment test report is free from material misstatement. During the audit, we performed audit procedures, including the examination of accounting records, as we considered necessary. We believe that our assurance work provides a reasonable basis for our opinion.