BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP
Audit Report on the Special Report of China Aerospace High-Temperature Alloy Materials Co., Ltd. on the Custody and Use of Raised Funds in 2025
Accountant Firm Report No. [2026] ZG11189
To All Shareholders of China Aerospace High-Temperature Alloy Materials Co., Ltd.:
We were engaged to perform an assurance service on the accompanying Special Report on the Custody, Management, and Use of Raised Funds of China Aerospace High-Temperature Alloy Materials Co., Ltd. (hereinafter referred to as "Shangda Co., Ltd.") for the year 2025 (hereinafter referred to as the "Special Report on Raised Funds").
I. Responsibility of the Board of Directors
The responsibility of the Board of Directors of Shangda Co., Ltd. is to prepare the Special Report on Raised Funds in accordance with the "Supervision Regulations for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10), the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Normative Operation of GEM Listed Companies," and the "Self-Regulatory Guidelines for GEM Listed Companies on the Shenzhen Stock Exchange No. 2 - Announcement Format" issued by the China Securities Regulatory Commission. This responsibility includes designing, implementing, and maintaining internal controls related to the preparation of the Special Report on Raised Funds, ensuring that the Special Report on Raised Funds is true, accurate, and complete, and does not contain any false records, misleading statements, or material omissions.
II. Responsibility of the Certified Public Accountant
Our responsibility is to express an assurance conclusion on the Special Report on Raised Funds based on the performance of the assurance work.
III. Overview of Work
We performed the assurance service in accordance with the "Other Assurance Services Standards No. 3101 - Assurance Services Other Than Audits or Reviews of Historical Financial Information" of the Chinese Certified Public Accountants. This standard requires us to comply with professional ethics, plan and perform the assurance work to obtain reasonable assurance that the Special Report on Raised Funds has been prepared in all material respects in accordance with the "Supervision Regulations for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Normative Operation of GEM Listed Companies" and the "Self-Regulatory Guidelines for GEM Listed Companies on the Shenzhen Stock Exchange No. 2 - Announcement Format," and that it truthfully reflects the custody, management, and use of raised funds by Shangda Co., Ltd. in 2025. In the course of performing the assurance work, we performed procedures including inquiries and examination of accounting records that we considered necessary. We believe that our assurance work provides a reasonable basis for our assurance conclusion.
IV. Assurance Conclusion
We are of the opinion that the Special Report on the Custody, Management, and Use of Raised Funds of Shangda Co., Ltd. for the year 2025 has been prepared in all material respects in accordance with the "Supervision Regulations for Raised Funds of Listed Companies" (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Normative Operation of GEM Listed Companies" and the "Self-Regulatory Guidelines for GEM Listed Companies on the Shenzhen Stock Exchange No. 2 - Announcement Format," and that it truthfully reflects the custody, management, and use of raised funds by Shangda Co., Ltd. in 2025.
V. Limitations on the Use of the Report
This report is intended solely for Shangda Co., Ltd. to disclose its 2025 annual report and shall not be used for any other purpose.
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