Reply Report on the Inquiry Letter Regarding Sanhe Tongfei Refrigeration Co., Ltd.'s Application for Stock Issuance to Specific Objects

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This report addresses the Shenzhen Stock Exchange's inquiry regarding Sanhe Tongfei Refrigeration's stock issuance application. Key figures include projected revenues of 286.75 million yuan for 2025 and a net profit of 24.78 million yuan. The report outlines the company's financial performance, risks related to receivables, and the necessity of new land purchases for expansion projects. It concludes that the company's financial practices comply with accounting standards.

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Full Translation

AI Translation· azure_openai

Shenzhen Stock Exchange: We have received your inquiry letter dated May 11, 2026, regarding Sanhe Tongfei Refrigeration Co., Ltd.'s application for stock issuance to specific objects (Inquiry Letter [2026] No. 020037) (hereinafter referred to as "Inquiry Letter"). Sanhe Tongfei Refrigeration Co., Ltd. (hereinafter referred to as "the Issuer," "Tongfei," or "the Company") has conducted a thorough review of the questions raised in the Inquiry Letter in collaboration with the sponsor, CITIC Securities Co., Ltd. (hereinafter referred to as "the Sponsor" or "CITIC Securities"), Tianjian Certified Public Accountants (Special General Partnership) (hereinafter referred to as "the Reporting Accountant" or "Tianjian"), and Beijing Global Law Firm (hereinafter referred to as "the Issuer's Lawyer" or "Global Law"). We now provide the following responses for your review. Unless otherwise specified, the abbreviations or definitions in this reply have the same meanings as those in the prospectus. The font used in this reply indicates the following meanings: Project font Inquiry Letter questions bold font Responses to Inquiry Letter questions regular font References to the prospectus regular font, italic font (not bold) Supplementary disclosures or modifications to the prospectus italic font (bold).
Table of Contents
- Question 1 ............................................................................................................................................................................. 3
- Question 2 ........................................................................................................................................................................... 28

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