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Special Audit Opinion on Deductions from Operating Revenue for 2025

Caesar Culture Co., Ltd.·

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This report provides a special audit opinion on the deductions from operating revenue for Caesar (China) Cultural Co., Ltd. for the year 2025. The audit confirms that the company's management has prepared the operating revenue deduction statement in accordance with relevant regulations. The total deductions from operating revenue were RMB 1,293.33 million in 2025, representing 2.35% of total operating revenue.

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Special Audit Report on Deductions from Operating Revenue

To the Shareholders of Caesar (China) Cultural Co., Ltd.:

We were engaged to perform a special audit of the "Operating Revenue Deduction Table and Explanation" (hereinafter referred to as the "Operating Revenue Deduction Table") for Caesar (China) Cultural Co., Ltd. (hereinafter referred to as the "Company") for the year ended December 31, 2025, based on our audit of the Company's consolidated and separate balance sheets as of December 31, 2025, and the consolidated and separate income statements, cash flow statements, and statements of changes in owners' equity for the year ended December 31, 2025, and the accompanying financial statement notes.

In accordance with the "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter referred to as the "Listing Rules") and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Business Handling" (hereinafter referred to as the "Self-Regulatory Guidelines"), the preparation of the Operating Revenue Deduction Table and the assurance of its truthfulness, accuracy, and completeness, free from false records, misleading statements, or material omissions, are the responsibility of the Company's management. Our responsibility is to express an opinion on the Operating Revenue Deduction Table prepared by the Company's management based on our audit.

We planned and performed our audit in accordance with the "Chinese Certified Public Accountants' Other Assurance Services Standards No. 3101 - Assurance Services Other Than Audits or Reviews of Historical Financial Information" to obtain reasonable assurance that the Operating Revenue Deduction Table is free from material misstatement. In our audit, we performed procedures, including verification, inquiry, and sampling of accounting records, as we considered necessary based on the Company's actual situation. We believe that our audit provides a reasonable basis for our opinion.

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Special Audit Opinion on Deductions from Operating Revenue for 2025 — Caesar Culture Co., Ltd. | SZSE Releases