Guangdong Xianglu Tungsten Industry Co., Ltd. Special Audit Report on Non-operating Fund Occupation and Other Related Party Fund Transactions
To the shareholders of Guangdong Xianglu Tungsten Industry Co., Ltd.:
We were engaged by the company to audit the consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity of Guangdong Xianglu Tungsten Industry Co., Ltd. (hereinafter referred to as "Xianglu Tungsten") as of December 31, 2025, and for the year then ended, and the notes to the financial statements. We issued an unqualified audit opinion on March 31, 2026, under audit report No. [2026]25009200011.
In accordance with the requirements of the China Securities Regulatory Commission's "Supervision Guidelines for Listed Companies No. 8 - Supervision Requirements for Listed Companies' Fund Transactions and External Guarantees" and the Shenzhen Stock Exchange's "Shenzhen Stock Exchange Listed Company Self-Regulation Guidelines No. 1 - Business Handling," the management of Xianglu Tungsten has prepared the attached Summary Table of Non-operating Fund Occupation and Other Related Party Fund Transactions of Guangdong Xianglu Tungsten Industry Co., Ltd. for 2025 (hereinafter referred to as the "Summary Table"). It is the responsibility of Xianglu Tungsten's management to truthfully prepare and publicly disclose the Summary Table and ensure its authenticity, accuracy, and completeness.