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Suzhou Shiming Technology Co., Ltd. Financial Report and Audit Report for the Most Recent Year

Shiming Technology Co., Ltd.··114 pages

✨ AI Summary

This document contains the 2025 annual audit report for Suzhou Shiming Technology Co., Ltd. The auditors issued an unqualified opinion, confirming the financial statements fairly represent the company's financial position and performance. Key audit matters identified include revenue recognition and the equity transfer of the subsidiary, Kaimen Additives. The report confirms that the company's financial reporting process complies with relevant accounting standards.

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Suzhou Shiming Technology Co., Ltd.

Audit Report and Financial Statements

Year 2025

(From January 1, 2025 to December 31, 2025)

Table of Contents

I. Audit Report

II. Financial Statements

Consolidated Balance Sheet and Parent Company Balance Sheet

Consolidated Income Statement and Parent Company Income Statement

Consolidated Cash Flow Statement and Parent Company Cash Flow Statement

Consolidated Statement of Changes in Owners' Equity and Parent Company Statement of Changes in Owners' Equity

Notes to Financial Statements

Audit Report

[Document Number: Xin Kuai Shi Bao Zi [2026] No. ZA10334]

To the Shareholders of Suzhou Shiming Technology Co., Ltd.:

I. Audit Opinion

We have audited the financial statements of Suzhou Shiming Technology Co., Ltd. (hereinafter referred to as the "Company"), which comprise the consolidated and parent company balance sheets as of December 31, 2025, and the 2025 consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in owners' equity, and 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 present the consolidated and parent company financial position of the Company as of December 31, 2025, and the consolidated and parent company operating results and cash flows for the year 2025.

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 the 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 the Company and have fulfilled our other ethical responsibilities. We have complied with the independence requirements for audits of public interest entities. 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 of 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, we do not provide a separate opinion on these matters.

The key audit matters identified in our audit are summarized as follows:

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