301259SZSE

Western Securities Co., Ltd. Special Audit Report on the Storage, Management, and Use of Raised Funds by Hunan Aibulu Environmental Protection Technology Co., Ltd. in 2025

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Western Securities Co., Ltd. audited Hunan Aibulu's 2025 raised funds. The company raised RMB 551.7 million, with net proceeds of RMB 491.59 million. As of December 31, 2025, RMB 295.96 million had been used, and RMB 215.56 million remained. The audit found no violations in fund storage, management, or use.

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Western Securities Co., Ltd.

Special Audit Report on the Storage, Management, and Use of Raised Funds by Hunan Aibulu Environmental Protection Technology Co., Ltd. in 2025

Western Securities Co., Ltd. (hereinafter referred to as "Western Securities" or "Sponsor") is the sponsor of Hunan Aibulu Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Aibulu" or "the Company") for its initial public offering of shares and listing on the ChiNext market. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Regulations on the Management of Raised Funds by Listed Companies," "ChiNext Stock Market Listing Rules," and "ChiNext Listed Company Self-Regulatory Guidelines No. 2 - Norms for the Operation of ChiNext Listed Companies," etc., Western Securities has audited the storage and use of the Company's raised funds in 2025. The specific audit findings are as follows:

I. Basic情况 of Raised Funds

(I) Amount of Raised Funds and Time of Arrival

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