Audit Report
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To the Shareholders of Hangzhou Tigermed Medical Technology Co., Ltd.:
I. Audit Opinion
We have audited the financial statements of Hangzhou Tigermed Medical Technology Co., Ltd. (hereinafter referred to as "Tigermed Medical"), which comprise the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in owners' equity for the year ended December 31, 2025, and notes to the financial statements.
In our opinion, the accompanying financial statements, in all material respects, are prepared in accordance with the requirements of the Accounting Standards for Business Enterprises and fairly present the consolidated and parent company financial position of Tigermed Medical as of December 31, 2025, and the consolidated and parent company results of operations and cash flows for the year ended December 31, 2025.
II. Basis for Audit Opinion
We conducted our audit in accordance with the Standards for Auditing of Financial Statements issued by the Chinese Institute of Certified Public Accountants. Our responsibilities under those standards are further described in the "Responsibilities of the Certified Public Accountant for the Audit of Financial Statements" section of our report. We are independent of Tigermed Medical in accordance with the Code of Professional Ethics for Certified Public Accountants and other relevant independence requirements, and we have fulfilled our other ethical responsibilities in accordance with the Code of Professional Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
III. Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements for the current period. These matters were addressed in the context of our audit of the financial statements as a whole and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
The key audit matters identified in our audit are as follows: