Verification Report on Non-Recurring Gains and Losses of Jiangsu Tianchang Composite Materials Co., Ltd. for the Recent Three Years and One Period
To all shareholders of Jiangsu Tianchang Composite Materials Co., Ltd.:
We have audited the attached detailed statement of non-recurring gains and losses prepared by the management of Jiangsu Tianchang Composite Materials Co., Ltd. (hereinafter referred to as Jiangsu Tianchang) for the recent three years and one period (2014-2016 and January-June 2017) and its notes (hereinafter referred to as the non-recurring gains and losses statement).
1. Limitation on Report Users and Purpose
This verification report is solely for the use of Jiangsu Tianchang during its initial public offering and may not be used for any other purpose. We agree that this verification report is a necessary document for Jiangsu Tianchang's initial public offering and will be submitted along with other application materials.
2. Management's Responsibility
The management of Jiangsu Tianchang is responsible for providing true, lawful, and complete relevant information, preparing the non-recurring gains and losses statement in accordance with the China Securities Regulatory Commission's "Interpretative Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public - Non-Recurring Gains and Losses (2008)," and ensuring that its content is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
3. Responsibility of the Certified Public Accountant
Our responsibility is to independently provide a verification conclusion on the detailed statement prepared by the management of Jiangsu Tianchang based on the implementation of verification work.
4. Overview of Work
We conducted the verification work in accordance with the regulations of the Chinese Certified Public Accountant Practice Standards. These standards require us to plan and implement verification work to obtain reasonable assurance that there are no material misstatements in the information being verified. During the verification process, we performed procedures including checking accounting records that we deemed necessary. We believe that our verification work provides a reasonable basis for our opinion.
5. Verification Conclusion
We believe that the non-recurring gains and losses statement prepared by the management of Jiangsu Tianchang complies with the provisions of the China Securities Regulatory Commission's "Interpretative Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public - Non-Recurring Gains and Losses (2008)" in all material respects and accurately reflects the non-recurring gains and losses of Jiangsu Tianchang for the recent three years and one period.
Tianjian Accounting Firm (Special General Partnership)
Certified Public Accountant: Hangzhou, China
Certified Public Accountant: August 17, 2017
Non-Recurring Gains and Losses Detailed Statement for the Recent Three Years and One Period
Prepared by: Jiangsu Tianchang Composite Materials Co., Ltd.
Unit: RMB Yuan