Independent Auditor's Report on the Special Report on the Storage, Management, and Use of Raised Funds in 2025
Accountant Report No. [blank] [blank]
To All Shareholders of Shanghai Liangxin Electrical Appliance Co., Ltd.:
We were engaged to perform assurance services on the accompanying Special Report on the Storage, Management, and Use of Raised Funds in 2025 (the "Special Report") of Shanghai Liangxin Electrical Appliance Co., Ltd. (hereinafter referred to as "Liangxin Shares").
I. Responsibilities of the Board of Directors
The responsibility of the Board of Directors of Liangxin Shares is to prepare the Special Report in accordance with the "Supervision Measures for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Main Board Listing Company Governance Guidelines No. 1" of the Shenzhen Stock Exchange, and the "Announcement Format Guidelines No. 2" of the Shenzhen Stock Exchange. This responsibility includes designing, implementing, and maintaining internal controls related to the preparation of the Special Report, ensuring that the Special Report is true, accurate, and complete, and does not contain any false records, misleading statements, or significant omissions.
II. Responsibilities of the Certified Public Accountants
Our responsibility is to express an assurance conclusion on the Special Report based on our performance of assurance work.
III. Overview of Work
We performed assurance services in accordance with "Chinese Certified Public Accountants' Assurance Business Standards 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 engagement to obtain reasonable assurance about whether the Special Report is prepared, in all material respects, in accordance with the "Supervision Measures for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Main Board Listing Company Governance Guidelines No. 1" of the Shenzhen Stock Exchange, and the "Announcement Format Guidelines No. 2" of the Shenzhen Stock Exchange, and to fairly reflect the storage, management, and use of Liangxin Shares' raised funds in 2025. In performing our assurance work, we carried out procedures we considered necessary, including inquiries and examination of accounting records. We believe that our assurance work provides a reasonable basis for our assurance conclusion.
IV. Assurance Conclusion
We are of the opinion that the Special Report on the Storage, Management, and Use of Raised Funds in 2025 of Liangxin Shares 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 "Main Board Listing Company Governance Guidelines No. 1" of the Shenzhen Stock Exchange, and the "Announcement Format Guidelines No. 2" of the Shenzhen Stock Exchange, and fairly reflects the storage, management, and use of Liangxin Shares' raised funds in 2025.
V. Limitations on the Use of the Report
This report is intended solely for Liangxin Shares to disclose its 2025 annual report and shall not be used for any other purpose.
Lixin Certified Public Accountants (Special General Partnership) China · Shanghai
Certified Public Accountant: [blank] Certified Public Accountant: [blank] April 11, 2026
Special Report Page 2
Special Report on the Storage, Management, and Use of Raised Funds in 2025
Shanghai Liangxin Electrical Appliance Co., Ltd. 2025
In accordance with the "Supervision Measures for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Main Board Listing Company Governance Guidelines No. 1" of the Shenzhen Stock Exchange, and the "Announcement Format Guidelines No. 2" of the Shenzhen Stock Exchange, the Company hereby presents this Special Report on the storage, management, and use of raised funds in 2025:
I. Basic Information on Raised Funds