Report on the On-site Inspection of Continuous Supervision Work for 2025 by Guotai Junan Securities Co., Ltd.

Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "Sponsor")

Nanjiguang

Lu Tingting, Contact Number: 0755-25869830
Tan Lulu, Contact Number: 0755-25869808

Xiong Wei, Tan Lulu

2025 Fiscal Year

December 10-11, 2025, April 20, 2026

(1) Corporate Governance

Item	Yes	No	Not Applicable
1. Are the company's articles of association and governance systems complete and compliant?	√
2. Are the articles of association and the rules of the shareholders' meeting and board of directors effectively executed?	√
3. Are the records of the shareholders' meeting and board of directors complete, including time, place, attendees, and meeting content?	√
4. Are the resolutions of the shareholders' meeting and board of directors signed by relevant attendees?	√
5. Do the company's directors and senior management fulfill their duties according to relevant laws and regulations?	√
6. If there are significant changes in directors or senior management, are the corresponding procedures and disclosure obligations fulfilled?	√
7. If there are changes in the controlling shareholder or actual controller, are the corresponding procedures and disclosure obligations fulfilled?	√
8. Are the company's personnel, assets, finances, institutions, and business independent?	√
9. Is there no industry competition between the company and its controlling shareholder or actual controller?	√

(2) Internal Control

Item	Yes	No	Not Applicable
1. Has an internal audit system been established according to relevant regulations?	√
2. Has the internal audit system been established within six months after the stock listing?	√
3. Is the composition of the internal audit department and audit committee compliant?	√
4. Does the audit committee meet at least quarterly to review the internal audit department's work plans and reports?	√
5. Does the audit committee report to the board at least quarterly on the progress and quality of internal audit work?	√
6. Does the internal audit department report to the audit committee at least quarterly?	√
7. Does the internal audit department audit the use of raised funds at least quarterly?	√
8. Does the internal audit department submit the next year's work plan to the audit committee two months before the end of the fiscal year?	√
9. Does the internal audit department submit an annual internal control evaluation report to the audit committee within two months after the end of the fiscal year?	√
10. Are there complete and compliant internal control systems for risk investment, entrusted financial management, and hedging?	√

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