Verification Report on the Special Report of Xinling Electric Co., Ltd. on the Storage, Management, and Use of Raised Funds for 2025

Verification Report on the Special Report of Xinling Electric Co., Ltd. on the Storage, Management, and Use of Raised Funds for 2025

Verification Report No. [2026] ZF10146

To all shareholders of Xinling Electric Co., Ltd.:

We have been entrusted to perform a reasonable assurance engagement on the attached special report of Xinling Electric Co., Ltd. (hereinafter referred to as "Xinling Electric") regarding the storage, management, and use of raised funds for 2025 (hereinafter referred to as the "Special Report on Raised Funds").

1. Responsibilities of the Board of Directors

The responsibility of the Board of Directors of Xinling Electric is to prepare the Special Report on Raised Funds in accordance with the relevant provisions of the China Securities Regulatory Commission's "Regulations on the Supervision of Raised Funds by Listed Companies" (CSRC Announcement [2025] No. 10), "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," and "Self-Regulatory Guidelines No. 2 for Growth Enterprise Market Listed Companies - Announcement Format." This responsibility includes designing, implementing, and maintaining internal controls related to the preparation of the Special Report on Raised Funds to ensure that the report is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

2. Responsibilities of the Certified Public Accountants

Our responsibility is to express a verification conclusion on the Special Report on Raised Funds based on the performance of the verification work.

3. Overview of Work

We conducted the verification engagement in accordance with the "Standards on Other Assurance Engagements No. 3101 - Assurance Engagements Other than Audits or Reviews of Historical Financial Information." This standard requires us to comply with professional ethics, plan, and perform the verification work to obtain reasonable assurance that the Special Report on Raised Funds is prepared in all material respects in accordance with the relevant provisions of the CSRC's "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," and "Self-Regulatory Guidelines No. 2 for Growth Enterprise Market Listed Companies - Announcement Format," accurately reflecting the storage, management, and use of raised funds by Xinling Electric for 2025. During the verification process, we performed procedures including inquiries and examination of accounting records that we deemed necessary. We believe that our verification work provides a reasonable basis for our verification conclusion.

4. Verification Conclusion

We believe that the Special Report on the storage, management, and use of raised funds for 2025 by Xinling Electric has been prepared in all material respects in accordance with the relevant provisions of the CSRC's "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," and "Self-Regulatory Guidelines No. 2 for Growth Enterprise Market Listed Companies - Announcement Format," and accurately reflects the storage, management, and use of raised funds by Xinling Electric for 2025.

5. Report Usage Limitation

This report is solely for the purpose of disclosure in Xinling Electric's 2025 annual report and may not be used for any other purpose.

Certified Public Accountants: Lixin Certified Public Accountants (Special General Partnership) Chen Yu Zhu Yishan Shanghai, China March 30, 2026

Special Report on the Storage, Management, and Use of Raised Funds by Xinling Electric Co., Ltd. for 2025

According to the relevant provisions of the CSRC's "Regulations on the Supervision of Raised Funds by Listed Companies," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange," and "Self-Regulatory Guidelines No. 2 for Growth Enterprise Market Listed Companies - Announcement Format," the company provides the following special report on the storage, management, and use of raised funds for 2025: