Independent Auditor's Report on the Verification of Fund Custody, Management, and Use for the Year 2025
To the Shareholders of Zhejiang Runyang New Materials Technology Co., Ltd.:
We have been engaged to perform an assurance service on the accompanying Special Report on the Custody, Management, and Use of Raised Funds for the Year 2025 by Zhejiang Runyang New Materials Technology Co., Ltd. (hereinafter referred to as "Runyang Technology Company") (hereinafter referred to as the "Special Report on Raised Funds").
I. Responsibilities of the Board of Directors
The responsibility of the Board of Directors of Runyang Technology Company is to prepare the Special Report on Raised Funds in accordance with the "Supervision Rules for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for the Operation of GEM Companies," and the "Shenzhen Stock Exchange GEM Company Self-Regulatory Guidelines No. 2 - Announcement Format" issued by the China Securities Regulatory Commission. This responsibility includes designing, implementing, and maintaining internal controls related to the preparation of the Special Report on Raised Funds, ensuring that the Special Report on Raised Funds is true, accurate, and complete, and free from any false statements, misleading representations, or material omissions.
II. Responsibilities of the Certified Public Accountants
Our responsibility is to express an assurance conclusion on the Special Report on Raised Funds based on our performance of the assurance engagement.
III. Overview of Work
We have performed the assurance engagement in accordance with the "Other Assurance Services Standards for Certified Public Accountants No. 3101 - Assurance Engagements Other Than Audits or Reviews of Historical Financial Information." This standard requires us to comply with ethical requirements, plan and perform the assurance engagement to obtain reasonable assurance about whether the Special Report on Raised Funds is prepared, in all material respects, in accordance with the "Supervision Rules for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for the Operation of GEM Companies," and the "Shenzhen Stock Exchange GEM Company Self-Regulatory Guidelines No. 2 - Announcement Format" issued by the China Securities Regulatory Commission, and fairly presents the custody, management, and use of raised funds by Runyang Technology Company for the year 2025. In performing the assurance engagement, we have carried out procedures, including inquiries and examination of accounting records, as we considered necessary. We believe that our assurance engagement provides a reasonable basis for our assurance conclusion.
IV. Assurance Conclusion
We are of the opinion that the Special Report on the Custody, Management, and Use of Raised Funds for the Year 2025 by Runyang Technology Company has been prepared, in all material respects, in accordance with the "Supervision Rules for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for the Operation of GEM Companies," and the "Shenzhen Stock Exchange GEM Company Self-Regulatory Guidelines No. 2 - Announcement Format" issued by the China Securities Regulatory Commission, and fairly presents the custody, management, and use of raised funds by Runyang Technology Company for the year 2025.
V. Limitations on the Use of the Report
This report is intended solely for the purpose of Runyang Technology Company's disclosure in its 2025 annual report and shall not be used for any other purpose.
Lixin Certified Public Accountants (Special General Partnership) Chinese Certified Public Accountant: Chen Keju Chinese Certified Public Accountant: Gan Ling
China · Shanghai March 30, 2026