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Audit Report
Zhonghui Audit [2026] No. 12479
To the Shareholders of Nanjing Estun CoolRobot Technology Co., Ltd.:
I. Audit Opinion
We have audited the financial statements of Nanjing Estun CoolRobot Technology Co., Ltd. (hereinafter referred to as "CoolRobot Company"), which comprise the balance sheets as of December 31, 2024, December 31, 2025, and April 30, 2026, and the income statements, cash flow statements, and statements of changes in owners' equity for the years 2024, 2025, and the period from January to April 2026, as well as the notes to the financial statements.
In our opinion, the accompanying financial statements have been prepared in all material respects in accordance with the Accounting Standards for Business Enterprises and fairly reflect the financial position of CoolRobot Company as of December 31, 2024, December 31, 2025, and April 30, 2026, as well as its operating results and cash flows for the years 2024, 2025, and the period from January to April 2026.
II. Basis for Audit Opinion
We conducted our audit in accordance with the Auditing Standards for Certified Public Accountants of China. Our responsibilities under these standards are further described in the "Certified Public Accountant's Responsibilities for the Audit of Financial Statements" section of this report. In accordance with the "Code of Ethics for Certified Public Accountants of China" and the "Independence Standards for Certified Public Accountants of China No. 1 — Independence Requirements for Financial Statement Audit and Review Engagements," we are independent of CoolRobot Company and have fulfilled our other ethical responsibilities. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
III. Responsibilities of Management and Those Charged with Governance for the Financial Statements
Management is responsible for preparing the financial statements in accordance with the Accounting Standards for Business Enterprises to achieve fair presentation, and for designing, implementing, and maintaining necessary internal controls to ensure that the financial statements are free from material misstatement due to fraud or error.
In preparing the financial statements, management is responsible for assessing CoolRobot Company's ability to continue as a going concern, disclosing matters related to going concern (if applicable), and using the going concern assumption, unless management intends to liquidate CoolRobot Company, cease operations, or has no other realistic alternative.
Those charged with governance of CoolRobot Company (hereinafter referred to as "Governance") are responsible for overseeing the financial reporting process of CoolRobot Company.
IV. Certified Public Accountant's Responsibilities for the Audit of Financial Statements
Our objective is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement due to fraud or error and to issue an audit report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with auditing standards, we exercise professional judgment and maintain professional skepticism. We also perform the following work:
(1) Identify and assess the risks of material misstatement of the financial statements due to fraud or error, design and perform audit procedures to respond to these risks, and obtain sufficient and appropriate audit evidence to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.