Review Report
To the shareholders of Guangzhou Xinbang Intelligent Equipment Co., Ltd.:
We have reviewed the accompanying pro forma consolidated financial statements of Guangzhou Xinbang Intelligent Equipment Co., Ltd. (hereinafter referred to as "Xinbang Intelligent"), which comprise the pro forma consolidated balance sheets as of December 31, 2024, and December 31, 2025, the pro forma consolidated income statements for the years ended December 31, 2024, and December 31, 2025, and the notes to the pro forma consolidated financial statements. The preparation of the pro forma consolidated financial statements in accordance with the enterprise accounting standards and the basis for preparation of pro forma consolidated financial statements as described in Note III is the responsibility of Xinbang Intelligent's management. Our responsibility is to issue a review report on these financial statements based on our review.
We conducted our review in accordance with the "Chinese Certified Public Accountants Review Standards No. 2101—Review of Financial Statements." This standard requires us to plan and perform the review to obtain limited assurance that the financial statements are free from material misstatement. A review mainly consists of inquiries of Xinbang Intelligent personnel and the application of analytical procedures to financial data, providing a lower level of assurance than an audit. We did not perform an audit and therefore do not express an audit opinion.
Based on our review, nothing has come to our attention that causes us to believe that the pro forma consolidated financial statements have not been prepared, in all material respects, in accordance with the enterprise accounting standards and the basis for preparation of pro forma consolidated financial statements as described in Note III, and do not fairly present the pro forma financial position and pro forma operating results of Xinbang Intelligent.
This review report is intended solely for the purpose of submitting the application materials for the major asset restructuring to the China Securities Regulatory Commission and the Shenzhen Stock Exchange, and shall not be used for any other purpose.
1
Grant Thornton
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