Report on Special Audit of Deductions from Operating Revenue for 2025
To the Shareholders of Mulinsen Co., Ltd.:
We were engaged to audit the financial statements of Mulinsen Co., Ltd. (hereinafter referred to as "Mulinsen Company") for the year ended December 31, 2025, in accordance with the Chinese Certified Public Accountants' Auditing Standards. We issued an unqualified audit opinion on April 27, 2026, under audit report number RSM CPA [2026] 518Z0979. Based on this, we have audited the accompanying "Mulinsen Co., Ltd. 2025 Operating Revenue Deduction Table" (hereinafter referred to as the "Operating Revenue Deduction Table") prepared by the management of Mulinsen Company.
The preparation of the Operating Revenue Deduction Table is the responsibility of the management of Mulinsen Company, in accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and "Shenzhen Stock Exchange Listed Company Regulatory Guidelines No. 1 - Business Operations." This responsibility includes ensuring the content is true, accurate, and complete, and free from false records, misleading statements, or material omissions. Our responsibility is to express a special audit opinion on the Operating Revenue Deduction Table prepared by the management of Mulinsen Company, based on our audit work.
We planned and performed our audit work 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 about whether the Operating Revenue Deduction Table is free from material misstatement. During the audit, we performed procedures that we considered necessary, including examining accounting records and recalculating relevant items. We believe that our audit work provides a reasonable basis for our special audit opinion.