Special Statement on Fund Occupation by Shuangxiang Shares' Controlling Shareholder and Other Related Parties (Zhongxinghua Report No. 590008, 2026)
Zhongxinghua Certified Public Accountants LLP ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP Address (location): 20/F, Tower B, Lize SOHO, 20 Lize Road, Fengtai District, Beijing PR China Tel: 010-51423818 Fax: 010-51423816
To the Shareholders of Wuxi Shuangxiang Ultra-Fiber Materials Co., Ltd.:
We were entrusted to audit the 2025 financial statements of Wuxi Shuangxiang Ultra-Fiber Materials Co., Ltd. (hereinafter referred to as "Shuangxiang Shares"), including the consolidated and parent company balance sheets as of December 31, 2025, and the consolidated and parent company income statements, cash flow statements, and statements of changes in owners' equity for 2025, along with the notes to the financial statements. We issued an unqualified opinion audit report, Zhongxinghua Shenzi (2026) No. 590002, on April 11, 2026.
In accordance with the requirements of the "Supervision Guidelines for Listed Companies No. 8 – Regulation of Fund Transactions and External Guarantees by Listed Companies" issued by the China Securities Regulatory Commission, the Ministry of Public Security, the State-owned Assets Supervision and Administration Commission, and the China Banking and Insurance Regulatory Commission, and the requirements of "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 – Business Handling," Shuangxiang Shares has prepared the attached summary table of fund occupation by non-operating related parties and other related party fund transactions for 2025 (hereinafter referred to as the "Summary Table").