Audit Report
Rongcheng Audit No. [2026] 230Z0541
Rongcheng Accounting Firm (Special General Partnership)
Beijing, China
Table of Contents
| No. | Content | Page Number |
|---|---|---|
| 1 | Audit Report | 1-6 |
| 2 | Consolidated Balance Sheet | 1-3 |
| 3 | Consolidated Income Statement | 2-4 |
| 4 | Consolidated Cash Flow Statement | 3-5 |
| 5 | Consolidated Statement of Changes in Equity | 4-6 |
| 6 | Parent Company Balance Sheet | 5-7 |
| 7 | Parent Company Income Statement | 6-8 |
| 8 | Parent Company Cash Flow Statement | 7-9 |
| 9 | Parent Company Statement of Changes in Equity | 8-10 |
| 10 | Notes to Financial Statements | 9-11 |
1. Audit Opinion
We have audited the financial statements of Ningbo Xingyuan Zhuomei Technology Co., Ltd. (hereinafter referred to as "Xingyuan Zhuomei"), including the consolidated and parent company balance sheets as of December 31, 2025, the consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in equity, and related notes to the financial statements. In our opinion, the attached financial statements are prepared in accordance with the provisions of enterprise accounting standards in all material respects and fairly present the financial position of Xingyuan Zhuomei as of December 31, 2025, as well as the operational results and cash flows for the year 2025.
2. Basis for Audit Opinion
We conducted our audit in accordance with the auditing standards for certified public accountants in China. The section "Responsibilities of Certified Public Accountants for Auditing Financial Statements" in the audit report further elaborates on our responsibilities under these standards. In accordance with the Code of Ethics for Certified Public Accountants and the independence standards applicable to public interest entities, we are independent of Xingyuan Zhuomei and have complied with the independence standards applicable to the audit of financial statements of public interest entities, while fulfilling other ethical responsibilities. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
3. Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements for the period. Our responses to these matters are in the context of our audit of the financial statements as a whole and in forming our audit opinion, and we do not express a separate opinion on these matters.