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Review Report
Grant Thornton Review [2026] No. 110A032725
To the Shareholders of Beijing Highlander Digital Technology Co., Ltd.:
We have reviewed the accompanying pro forma consolidated financial statements of Beijing Highlander Digital Technology Co., Ltd. (hereinafter referred to as "Highlander"), which were prepared in accordance with the basis of preparation described in Note III to the pro forma consolidated financial statements, including the pro forma consolidated balance sheets as of December 31, 2025, and March 31, 2026, the pro forma consolidated income statements for the year 2025 and the period from January to March 2026, and the notes to the pro forma consolidated financial statements. The preparation of the pro forma consolidated financial statements in accordance with the basis of preparation described in Note III is the responsibility of Highlander's management. Our responsibility is to issue a review report on these financial statements based on our review work.
We conducted our review in accordance with the "Standards for Review Engagements of Chinese Certified Public Accountants No. 2101 — Review of Financial Statements." These standards require us to plan and perform the review to obtain limited assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data, providing a lower level of assurance than an audit. We have not performed an audit and, therefore, do not express an audit opinion.
Based on our review, nothing has come to our attention that causes us to believe that the financial statements were not prepared, in all material respects, in accordance with the basis of preparation described in Note III to the pro forma consolidated financial statements, or that they fail to fairly reflect the financial position and operating results of Highlander.
This review report is intended solely for submission to the China Securities Regulatory Commission and the Shenzhen Stock Exchange for the purpose of the transactions described in Note II to the pro forma consolidated financial statements, and is not suitable for any other purpose.
Grant Thornton (Special General Partnership)
Certified Public Accountant: [blank]
Beijing, China
Date: June 25, 2026
[Chart: Pro Forma Consolidated Balance Sheet]