Shenzhen Zhishang Technology Co., Ltd. Review Report Shang Kuai Shi Bao Zi (2026) No. 6669
Shanghai Certified Public Accountants (Special General Partnership) China, Shanghai
Review Report
Shang Kuai Shi Bao Zi (2026) No. 6669
To the Shareholders of Shenzhen Zhishang Technology Co., Ltd.:
We have reviewed the accompanying consolidated financial statements of Shenzhen Zhishang Technology Co., Ltd. (hereinafter referred to as "Zhishang Technology"), which comprise the consolidated balance sheets as of December 31, 2024, and December 31, 2025, and the consolidated income statements for the years 2024 and 2025, as well as the notes to the consolidated financial statements. The preparation of these consolidated financial statements is the responsibility of Zhishang Technology's management. Our responsibility is to express a conclusion on these consolidated financial statements based on our review.
We conducted our review in accordance with the "Standard on Review Engagements No. 2101 — Financial Statement Review." This standard requires that we plan and perform the review to obtain limited assurance as to whether the consolidated financial statements are free from material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data, providing less assurance than an audit. We have not performed an audit and, therefore, do not express an audit opinion.
In accordance with the "Code of Ethics for Certified Public Accountants No. 1 — Independence in Audit and Review Engagements" and the professional ethics of Chinese certified public accountants, we have maintained our independence from Zhishang Technology and fulfilled other ethical responsibilities. We have also complied with the independence requirements applicable to public interest entities.
Based on our review, we have not become aware of any matter that causes us to believe that the above-mentioned consolidated financial statements were not prepared in accordance with the preparation basis described in the notes to the consolidated financial statements.
As stated in the notes to the consolidated financial statements, the accompanying consolidated financial statements of Zhishang Technology are intended solely for the purpose of asset restructuring filings with the Shenzhen Stock Exchange and the China Securities Regulatory Commission and are not suitable for other purposes. Accordingly, this report is intended solely for the purpose of asset restructuring filings with the Shenzhen Stock Exchange and the China Securities Regulatory Commission and is not suitable for other purposes. The consequences of any improper use are unrelated to the certified public accountants and the accounting firm performing this review.
[Chart: Consolidated Balance Sheet]
[Chart: Consolidated Income Statement]
Shanghai Certified Public Accountants (Special General Partnership) Certified Public Accountant: Yang Hui [blank] Certified Public Accountant: Zhong Shifen [blank] Date: April 20, 2026 [blank]
Shenzhen Zhishang Technology Co., Ltd. Notes to the 2024 and 2025 Pro Forma Consolidated Financial Statements (Unless otherwise stated, all amounts are in RMB)
I. Company Overview
Shenzhen Zhishang Technology Co., Ltd. (hereinafter referred to as the "Company") is a joint-stock company transformed from Shenzhen Zhishang Technology Co., Ltd. on September 13, 2018, and registered with the Shenzhen Administration for Market Regulation. Its headquarters is located in Shenzhen, Guangdong Province. The Company holds a Unified Social Credit Code of 9144030069711893XL, with a registered capital of RMB 128,680,995, divided into 128,680,995 shares (par value of RMB 1 per share). The Company was officially listed on the Shenzhen Stock Exchange on July 7, 2023, with stock code 301486. The Company's headquarters address is Building A, Zhishang Technology Park, Mashan Community, Matian Street, Guangming District, Shenzhen. The legal representative is Chen Chao.
The Company focuses on the research, design, production, and sales of precision electronic components, with a core layout in consumer electronics, optical communication products, and automated equipment. The Company's main products include gaming machine components, optical communication products, electronic connectors, and automated equipment, which are applied in various fields such as consumer electronics, telecommunications, and industrial automation.