Independent Auditor's Report on the 2025 Annual Report of Fund Custody and Use
To the Shareholders of Jiangxi Huangshanghuang Food Co., Ltd.:
We have been engaged to perform assurance services on the accompanying 2025 report on the custody and use of raised funds of Jiangxi Huangshanghuang Food Co., Ltd. (hereinafter referred to as "Huangshanghuang") (hereinafter referred to as the "Special Report on Raised Funds").
I. Responsibilities of the Board of Directors
The responsibility of the Board of Directors of Huangshanghuang is to prepare the Special Report on Raised Funds in accordance with the "Supervision Measures for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guide No. 1 - Standardized Operation of Main Board Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Announcement Format" issued by the China Securities Regulatory Commission. This responsibility includes designing, implementing, and maintaining internal controls related to the preparation of the Special Report on Raised Funds, ensuring that the Special Report on Raised Funds is true, accurate, and complete, and free from false statements, misleading statements, or material omissions.
II. Responsibilities of the Certified Public Accountants
Our responsibility is to express an assurance conclusion on the Special Report on Raised Funds based on the performance of assurance work.
III. Overview of Work
We have performed assurance services in accordance with the "Other Assurance Services Standards for Certified Public Accountants of China No. 3101 - Assurance Services Other Than Audits or Reviews of Historical Financial Information." This standard requires us to comply with professional ethics, plan and perform the assurance work to obtain reasonable assurance as to whether the Special Report on Raised Funds has been prepared in all material respects in accordance with the relevant regulations of the China Securities Regulatory Commission's "Supervision Measures for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guide No. 1 - Standardized Operation of Main Board Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Announcement Format." During the performance of the assurance work, we performed procedures that we considered necessary, including inquiries and examination of accounting records. We believe that our assurance work provides a reasonable basis for expressing our assurance conclusion.
IV. Assurance Conclusion
We are of the opinion that the 2025 Special Report on the Custody and Use of Raised Funds of Huangshanghuang has been prepared in all material respects in accordance with the "Supervision Measures for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guide No. 1 - Standardized Operation of Main Board Listed Companies," and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Announcement Format" issued by the China Securities Regulatory Commission, and truthfully reflects the situation of Huangshanghuang's raised funds custody, management, and use in 2025.
V. Restrictions on the Use of the Report
This report is intended solely for the purpose of Huangshanghuang's disclosure in its 2025 annual report and shall not be used for any other purpose.
Lixin Certified Public Accountants (Special General Partnership)
Certified Public Accountant: Wang Bin
Certified Public Accountant: Ge Yuchen
China · Shanghai
April 23, 2026
Independent Auditor's Report Page 2
Jiangxi Huangshanghuang Food Co., Ltd. Special Report on the Custody and Use of Raised Funds for 2025