[Chart: Company logo]
Yibin Tianyuan Group Co., Ltd.
and
CSC Financial Co., Ltd.
Regarding
Response to the Audit Inquiry Letter on the Application of Yibin Tianyuan Group Co., Ltd. for Issuance of Shares to Specific Targets
Sponsor (Lead Underwriter)
Signing Date: July 2026
Shenzhen Stock Exchange:
In accordance with the requirements of the "Audit Inquiry Letter on the Application of Yibin Tianyuan Group Co., Ltd. for Issuance of Shares to Specific Targets" (Audit Letter [2026] No. 120029) (hereinafter referred to as the "Audit Inquiry Letter") issued by your exchange on May 12, 2026, Yibin Tianyuan Group Co., Ltd. (hereinafter referred to as "Tianyuan Shares," "the Issuer," or "the Company"), CSC Financial Co., Ltd. (hereinafter referred to as "the Sponsor"), Beijing Tianyuan Law Firm (hereinafter referred to as "the Issuer's Lawyer"), and Sichuan Huaxin (Group) Certified Public Accountants (Special General Partnership) (hereinafter referred to as "the Issuer's Accountant"), acting in good faith and with due diligence, have conducted a thorough investigation, verification, and discussion of the questions raised in the Audit Inquiry Letter. We have completed the "Response of Yibin Tianyuan Group Co., Ltd. and CSC Financial Co., Ltd. to the Audit Inquiry Letter Regarding the Application for Issuance of Shares to Specific Targets" (hereinafter referred to as "this Response") and hereby submit it for your review.
Unless otherwise specified, terms used in this Response have the same meanings as those defined in the "Yibin Tianyuan Group Co., Ltd. 2026 Annual Prospectus for Issuance of Shares to Specific Targets" (hereinafter referred to as the "Prospectus"). Content involving modifications to the application documents has been marked in bold italics.
| Formatting | Description |
|---|---|
| Bold | Questions listed in the Audit Inquiry Letter |
| Standard | Responses to the questions listed in the Audit Inquiry Letter |
| Bold Italics | Modifications or supplementary disclosures to the Prospectus and other application documents |
In this Response, any discrepancies between the totals and the sums of the individual items are due to rounding.
Table of Contents
Question 1: 4
Question 2: 110
Other Questions: 129
Question 1
During the reporting period, the Company's operating income was 18.367 billion yuan, 13.367 billion yuan, and 11.299 billion yuan, respectively; net profit attributable to the parent company was 39.9647 million yuan, -459.5655 million yuan, and 87.7825 million yuan, respectively; and net profit after deducting non-recurring gains and losses attributable to the parent company was -232.7435 million yuan, -428.7699 million yuan, and -95.929 million yuan, respectively. At the end of each period of the reporting period, the book value of the Company's accounts receivable was 221.7029 million yuan, 754.4006 million yuan, and 1.0573036 billion yuan, respectively; inventory was 1.056154 billion yuan, 1.2483053 billion yuan, and 1.4189559 billion yuan, respectively; the book value of the Company's construction in progress was 3.2931088 billion yuan, 3.6841184 billion yuan, and 2.4389019 billion yuan, respectively, mainly including the Yi'an Coal Mine project, the 50kt/year large-scale carbon electrode project, the Xujiayuan Coal Mine project, and the Tiancheng Lithium Battery 100,000-ton lithium iron phosphate cathode material project, etc.
During the reporting period, the Company's top five customers and suppliers involved related parties. In addition, the Company had related-party transactions with its controlling shareholder, Yibin Development, and enterprises controlled by it; and with associates. The Company had both purchases and sales of goods with related parties.