Response to the Audit Inquiry Letter Regarding the Application for Issuance of Shares to Specific Targets by Guangdong Jinma Amusement Rides Co., Ltd.

Stock Code: 300756 Stock Abbreviation: Jinma Amusement

Response to the Audit Inquiry Letter Regarding the Application for Issuance of Shares to Specific Targets by Guangdong Jinma Amusement Rides Co., Ltd.

Sponsor (Lead Underwriter): Guolian Minsheng Investment Banking Company Limited

(No. 8 Puming Road, China (Shanghai) Pilot Free Trade Zone)

June 2026

Shenzhen Stock Exchange:

We have received the "Audit Inquiry Letter Regarding the Application for Issuance of Shares to Specific Targets by Guangdong Jinma Amusement Rides Co., Ltd." (Audit Letter [2026] No. 020049) (hereinafter referred to as the "Audit Inquiry Letter") issued by your exchange on June 1, 2026. In accordance with the requirements of the Audit Inquiry Letter, Guangdong Jinma Amusement Rides Co., Ltd. (hereinafter referred to as "Jinma Amusement," the "Company," or the "Issuer"), together with the sponsor, Guolian Minsheng Investment Banking Company Limited (hereinafter referred to as "Guolian Minsheng," the "Sponsor," or the "Sponsor Institution"), Beijing Zhonglun Law Firm (hereinafter referred to as "Issuer's Counsel"), and Grant Thornton (Special General Partnership) (hereinafter referred to as "Issuer's Accountant" or "Accountant"), and other relevant parties, have, in the spirit of diligence, duty, and integrity, discussed, verified, and implemented the matters raised in the Audit Inquiry Letter one by one, and have provided responses to each. The responses to the relevant questions are as follows, for your review.

Notes:

1. Unless otherwise specified, the abbreviations or definitions used in this response report have the same meanings as those in the "Guangdong Jinma Amusement Rides Co., Ltd. 2026 Prospectus for Issuance of Shares to Specific Targets" (hereinafter referred to as the "Prospectus").

2. If the sum of the sub-items in this response report does not match the total due to rounding, it is caused by rounding.

3. The fonts in this response report represent the following meanings:

Table of Contents

Question 1: 3

Question 2: 45

Other Question 1: 160

Other Question 2: 161

Question 1

During the reporting period, the Company's main business revenue was 734.2281 million yuan, 566.4399 million yuan, 674.8148 million yuan, and 152.4502 million yuan, respectively, and net profits were 45.9182 million yuan, 4.4579 million yuan, 77.7397 million yuan, and 26.874 million yuan, respectively. Among them, the revenue of virtual immersive amusement projects during the reporting period was 267.5649 million yuan, 37.3726 million yuan, 22.7655 million yuan, and 8.8496 million yuan, respectively. In January-March 2026, the new cultural tourism and entertainment robot business had sales of 5.0442 million yuan, accounting for 3.31% of the main business revenue for the period. During the reporting period, the Company's comprehensive gross profit margins were 34.57%, 31.00%, 36.49%, and 44.45%, respectively; among which, the gross profit margins of the cultural tourism investment and operation business were 32.90%, 30.19%, 19.57%, and 10.76%, respectively.

During the reporting period, the Company's overseas revenue was 13.8395 million yuan, 71.2514 million yuan, 119.3805 million yuan, and 75.7543 million yuan, respectively, accounting for 1.87%, 12.35%, 17.41%, and 49.15%, showing a year-on-year upward trend. In 2024 and 2025, the Issuer's gross profit margin on overseas sales was significantly higher than that on domestic sales.

In July 2023, the Company received a "Regulatory Concern Letter" from the Guangdong Bureau of the China Securities Regulatory Commission due to its failure to disclose environmental administrative penalties in its 2022 annual report. During the reporting period, the Company and its holding subsidiaries were subject to administrative penalties, including the unauthorized use of sealed special equipment by an Issuer subsidiary in 2025.