Special Explanation on Funds Occupied by Controlling Shareholders and Other Related Parties
Tianzhiyezi [2026]16219-2
Board of Directors of Jiangsu Shengtong Valve Co., Ltd.:
We have audited the financial statements of Jiangsu Shengtong Valve Co., Ltd. (hereinafter referred to as "Jiangsu Shengtong"), including 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 the notes to the financial statements. We issued an audit report with an unqualified opinion on April 11, 2026.
In accordance with the "Supervision Requirements for Listed Companies' Capital Transactions and External Guarantees" (No. 8) 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 relevant documents from the stock exchange, Jiangsu Shengtong has prepared the attached summary table of non-operating fund occupation and other related party capital transactions for 2025 (hereinafter referred to as the "Summary Table").
The preparation and external disclosure of the Summary Table, ensuring its truthfulness, legality, and completeness, are the responsibility of Jiangsu Shengtong's management. Our responsibility is to review the information contained in the Summary Table against the audited financial statements. Upon review, we believe that Jiangsu Shengtong's Summary Table is consistent with the audited financial statements in all material respects. In addition to the review, we have not performed any additional audit or other work on the information contained in the Summary Table.