Annual Verification Report on the Storage, Management, and Use of Raised Funds
To all shareholders of Zhejiang Songyuan Automotive Safety Systems Co., Ltd.:
We have verified the "Special Report on the Storage, Management, and Use of Raised Funds for the Year 2025" prepared by the management of Zhejiang Songyuan Automotive Safety Systems Co., Ltd. (hereinafter referred to as Songyuan Safety Company).
1. Limitation on Report Users and Purpose
This verification report is solely for use during the disclosure of Songyuan Safety Company's annual report and may not be used for any other purpose. We agree to include this verification report as a necessary document in Songyuan Safety Company's annual report, submitted and disclosed externally along with other documents.
2. Management's Responsibility
The responsibility of the management of Songyuan Safety Company is to provide true, legal, and complete relevant materials, and to prepare the "Special Report on the Storage, Management, and Use of Raised Funds" in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies (2025 Revision)" (Shenzhen Stock Exchange [2025] No. 481), ensuring that its content is true, accurate, and complete, without false records, misleading statements, or significant omissions.
3. Responsibility of the Certified Public Accountants
Our responsibility is to independently provide a verification conclusion on the report prepared by the management of Songyuan Safety Company 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 subject to verification. During the verification process, we performed necessary procedures, including checking accounting records. We believe that our verification work provides a reasonable basis for our opinion.
5. Verification Conclusion
We believe that the "Special Report on the Storage, Management, and Use of Raised Funds for the Year 2025" prepared by the management of Songyuan Safety Company complies with the "Regulations on the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies (2025 Revision)" (Shenzhen Stock Exchange [2025] No. 481), accurately reflecting the actual storage, management, and use of raised funds by Songyuan Safety Company in 2025.
Tianjian Accounting Firm (Special General Partnership)
Certified Public Accountant: Hangzhou, China
Certified Public Accountant: April 9, 2026
Special Report on the Storage, Management, and Use of Raised Funds by Zhejiang Songyuan Automotive Safety Systems Co., Ltd.
According to the "Regulations on the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies (2025 Revision)" (Shenzhen Stock Exchange [2025] No. 481), the company's storage, management, and use of raised funds for the year 2025 are described as follows.