Gongzheng Tianye Certified Public Accountants, SGP Wuxi, Jiangsu, China Tel: 86 (510) 68798988 Fax: 86 (510) 68567788 E-mail: mail@gztycpa.cn
Regarding Nanjing KeYuan Smart Technology Group Co., Ltd.'s Special Explanation on Non-operating Fund Occupation and Other Related Party Transactions Su Gong W[2026]E1081
To all shareholders of Nanjing KeYuan Smart Technology Group Co., Ltd.:
We have been entrusted to audit the financial statements of Nanjing KeYuan Smart Technology Group Co., Ltd. (hereinafter referred to as KeYuan Smart) in accordance with the Chinese Certified Public Accountants Auditing Standards. This includes the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements for 2025, the consolidated and parent company cash flow statements, the consolidated and parent company statements of changes in owners' equity, and related financial statement notes. We issued an unqualified audit report, Su Gong W[2026]A363, on April 13, 2026.
In accordance with the requirements of the "Supervision Guidelines No. 8 for Listed Companies - Supervision Requirements for Listed Company Fund Transactions and External Guarantees" issued by the China Securities Regulatory Commission, the Ministry of Public Security of the People's Republic of China, and the State-owned Assets Supervision and Administration Commission of the State Council, and the China Banking and Insurance Regulatory Commission, KeYuan Smart has prepared the attached Summary Table of Non-operating Fund Occupation and Other Related Party Transactions for Nanjing KeYuan Smart Technology Group Co., Ltd. for 2025 (hereinafter referred to as the Summary Table).