Guangdong Advertising Group Co., Ltd.
Special Explanation on Non-Operating Fund Occupation and Other Related Party Fund Transactions in 2025
Ernst & Young Hua Ming LLP Level 17, Ernst & Young Tower Oriental Plaza, 1 East Chang An Avenue Beijing, China 100738 Dongcheng District
Ernst & Young Hua Ming LLP (Special General Partnership) 17/F, EY Tower, Oriental Plaza 1 East Chang An Avenue, Dongcheng District Beijing, China 100738
Tel: +86 10 5815 3000 Fax: +86 10 8518 8298 ey.com
Special Explanation on Non-Operating Fund Occupation and Other Related Party Fund Transactions
To the Board of Directors of Guangdong Advertising Group Co., Ltd.:
We have audited the 2025 financial statements of Guangdong Advertising Group Co., Ltd., including the consolidated and company balance sheets as of December 31, 2025, the consolidated and company income statements, statements of changes in owners' equity, and cash flow statements, and related financial statement notes. We issued an unqualified audit report with report number EY-Hua Ming (2026) Audit No. 70028140_G01 on March 27, 2026.
In accordance with the "Supervision Guidelines for Listed Companies No. 8 - Regulatory Requirements for Fund Transactions and External Guarantees of Listed Companies," Guangdong Advertising Group Co., Ltd. has prepared the attached summary table of non-operating fund occupation and other related party fund transactions for 2025 (hereinafter referred to as the "Summary Table").
It is the responsibility of Guangdong Advertising Group Co., Ltd. to prepare and disclose the Summary Table truthfully, legally, and completely. We have cross-checked the information in the Summary Table with the accounting information and audited financial statements that we reviewed during our audit of Guangdong Advertising Group Co., Ltd.'s 2025 financial statements. In all material respects, we have found no inconsistencies. In addition to the audit procedures performed to issue our audit report on the 2025 financial statements of Guangdong Advertising Group Co., Ltd., we have not performed any additional audit procedures on the information contained in the Summary Table.