300554SZSE

Reply from Tianheng Accounting Firm (Special General Partnership) Regarding the Inquiry Letter on Nanjing Sanchao New Materials Co., Ltd.'s Application for Specific Object Stock Issuance

Sanchao New Materials Co., Ltd.·June 1, 2026·89 pages

✨ AI Summary

This document is a response from Tianheng Accounting Firm to the Shenzhen Stock Exchange regarding Nanjing Sanchao New Materials Co., Ltd.'s application for a specific object stock issuance. The firm addresses inquiries related to financial performance, revenue trends, and asset management from 2023 to 2025, highlighting a decline in revenue and profitability, particularly in the photovoltaic sector, while noting improvements in diamond grinding wheel sales. The firm confirms compliance with accounting standards and provides detailed financial data.

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Full Translation

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1. Response to the Inquiry Letter

Tianheng Accounting Firm (Special General Partnership) No. 01146

To: Shenzhen Stock Exchange

In accordance with your inquiry letter dated May 13, 2026, regarding Nanjing Sanchao New Materials Co., Ltd.'s application for specific object stock issuance (Inquiry Letter No. 020039), we, as the accountants for Nanjing Sanchao New Materials Co., Ltd. (hereinafter referred to as "the Company" or "Sanchao New Materials"), provide the following responses to the inquiries requiring verification by the accountants:

Unless otherwise stated, the abbreviations used in this response are consistent with those in the "Prospectus for the Specific Object Issuance of A Shares and Listing on the Growth Enterprise Market of Nanjing Sanchao New Materials Co., Ltd. for the Year 2025 (Draft)." The financial data for the first quarter of 2026 has not been audited. Any discrepancies between totals and listed values in this report are due to rounding.

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