Reply Letter No. ZI616 from Lixin Certified Public Accountants (Special General Partnership) Regarding the Inquiry Letter on Yuhua Tian Environmental Development Group Co., Ltd.'s Application for Issuance of Convertible Corporate Bonds to Unspecified Objects
Shenzhen Stock Exchange:
We have received your inquiry letter dated November 6, 2025, regarding Yuhua Tian Environmental Development Group Co., Ltd.'s application for the issuance of convertible corporate bonds to unspecified objects (Inquiry Letter No. 020058 [2025]) (hereinafter referred to as "Inquiry Letter"). As the reporting accountants for Yuhua Tian Environmental Development Group Co., Ltd. (hereinafter referred to as "the Company," "the Issuer," or "Yuhua Tian") for this issuance, we have conducted verifications and provided opinions on the matters requested in the Inquiry Letter, in accordance with the relevant requirements of the Inquiry Letter and in conjunction with our audit of the financial statements. The specific responses are attached below.
Explanation of the Response Content, Format, and Supplementary Disclosure:
-
We have audited the financial statements of the Issuer for the years 2022, 2023, and 2024, and issued unqualified audit reports on April 21, 2023, April 24, 2024, and April 24, 2025, with report numbers Xinhui CPA Report No. ZI10211, ZI10227, and ZI10330, respectively. The financial statements for the nine months ending September 30, 2025, have not been audited or reviewed; therefore, this response should not be considered as an audit, review, or verification opinion on the financial statements for that period.
-
Unless otherwise specified, the abbreviations used in this response are consistent with those in the "Prospectus for the Issuance of Convertible Corporate Bonds by Yuhua Tian Environmental Development Group Co., Ltd." (hereinafter referred to as "Prospectus").
-
If there are discrepancies between the total counts and the sums of the listed values in this response, they are due to rounding.
-
The fonts in this response represent the following meanings:
- Questions listed in the Inquiry Letter: Bold (not italicized)
- Responses to questions in the Inquiry Letter: Regular font (not bold)
- Revisions and supplements to the Prospectus: Italicized (bold)
Table of Contents
- Question 1 ............................................................................................................................ 3
- Question 2 ........................................................................................................................ 10
- Question 3 ........................................................................................................................ 13