Annual Report on the Storage, Management, and Use of Raised Funds
To all shareholders of Hangzhou Heshun Technology Co., Ltd.:
We have verified the "Special Report on the Storage, Management, and Use of Raised Funds for the Year 2025" prepared by the management of Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as Heshun Technology).
1. Limitation on Report Users and Purpose
This verification report is solely for use when Heshun Technology discloses its annual report and shall not be used for any other purpose. We agree to include this verification report as a necessary document in Heshun Technology's annual report, to be submitted and disclosed externally along with other documents.
2. Management's Responsibility
The responsibility of Heshun Technology's management is to provide true, legal, and complete relevant materials, and to prepare the "Special Report on the Storage, Management, and Use of Raised Funds" in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies (2025 Revision)" (Shenzhen Stock Exchange [2025] No. 481), ensuring that its content is true, accurate, and complete, without false records, misleading statements, or significant omissions.
3. Responsibility of the Certified Public Accountant
Our responsibility is to independently provide a verification conclusion on the report prepared by Heshun Technology's management based on the implementation of verification work.
4. Overview of Work
We conducted the verification work in accordance with the Chinese Certified Public Accountant Practice Standards. These standards require us to plan and implement verification work to obtain reasonable assurance that there are no material misstatements in the information subject to verification. During the verification process, we performed necessary procedures, including checking accounting records. We believe that our verification work provides a reasonable basis for our opinion.
5. Verification Conclusion
We believe that the "Special Report on the Storage, Management, and Use of Raised Funds for the Year 2025" prepared by Heshun Technology's management complies with the "Regulations on the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies (2025 Revision)" (Shenzhen Stock Exchange [2025] No. 481), and accurately reflects the actual storage and usage of raised funds by Heshun Technology for the year 2025.
Deloitte Touche Tohmatsu CPA LLP
Certified Public Accountants: Hangzhou, China
Date: March 30, 2026