Assurance Report
China Audit Asia Pacific Certified Public Accountants LLP
Report No. 002987
To all shareholders of Guangdong Tianyi Ma Information Industry Co., Ltd.:
We have been entrusted to conduct an assurance engagement on the attached Special Report on the Storage, Management, and Use of Raised Funds of Guangdong Tianyi Ma Information Industry Co., Ltd. (hereinafter referred to as "Tianyi Ma") for the year ending December 31, 2025. In accordance with the regulations set forth by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange, the Board of Directors of Tianyi Ma is responsible for preparing the Special Report, which includes providing true, lawful, and complete physical evidence, original written materials, copies, oral testimonies, and other evidence deemed necessary. Our responsibility is to express an assurance opinion on the Special Report based on our engagement.
We performed our assurance work in accordance with the standards for assurance engagements other than audits or reviews of historical financial information. These standards require us to comply with the Code of Ethics for Chinese Certified Public Accountants and to plan and perform the assurance engagement to obtain reasonable assurance about whether the Special Report is free from material misstatement. During the engagement, we performed procedures such as checking accounting records and recalculating relevant amounts. We believe that our assurance work provides a reasonable basis for our opinion.
In our opinion, the Special Report on the Storage, Management, and Use of Raised Funds of Tianyi Ma as of December 31, 2025, has been prepared in all material respects in accordance with the relevant regulations issued by the CSRC and the Shenzhen Stock Exchange.
This assurance report is intended solely for the purpose of disclosure in Tianyi Ma's annual report for 2025 and may not be used for any other purpose.
China Audit Asia Pacific Certified Public Accountants LLP
Certified Public Accountant: Xiao Jianxin (Project Partner) (Signature and Seal)
Certified Public Accountant: Wang Jun (Signature and Seal)
Beijing, China
March 30, 2026
Special Report on the Storage, Management, and Use of Raised Funds of Guangdong Tianyi Ma Information Industry Co., Ltd. for the Year 2025
According to the regulations issued by the CSRC and the Shenzhen Stock Exchange, Guangdong Tianyi Ma Information Industry Co., Ltd. (hereinafter referred to as "the Company") presents the following special report on the storage, management, and use of raised funds for the year 2025:
1. Basic Information on Raised Funds
(1) Actual Amount of Raised Funds and Timing of Receipt
According to the resolution of the Company's fourth extraordinary general meeting in 2020 and the CSRC's approval document [2021]2937 regarding the initial public offering of the Company's stock, the Company publicly issued 11,778,000 shares of ordinary shares (A shares) at a price of RMB 48.66 per share on November 1, 2021, raising a total of RMB 573,117,480.00. After deducting issuance expenses of RMB 62,856,828.00 (excluding VAT), the actual net amount raised was RMB 510,260,652.00. The raised funds were deposited into the Company's special account for raised funds on November 5, 2021, and were verified by Zhongshun Zhonghuan Accounting Firm (Special General Partnership) with verification report No. 0600012. The Company planned to raise RMB 279,361,500.00, resulting in an oversubscription of RMB 230,899,152.00.