Gongzheng Tianye Certified Public Accountants, SGP China, Jiangsu, Wuxi Tel: 86 (510) 68798988 Fax: 86 (510) 68567788 E-mail: mail@gztycpa.cn
Audit Report on the Status of Raised Funds Storage, Management, and Use for 2025
To the Shareholders of Suzhou Tianmai Thermal Technology Co., Ltd.:
We have been engaged to audit the accompanying Special Report on the Status of Raised Funds Storage, Management, and Use for 2025 of Suzhou Tianmai Thermal Technology Co., Ltd. (hereinafter referred to as "Suzhou Tianmai") (hereinafter referred to as the "Special Report on Raised Funds") and to express our opinion thereon.
I. Limitations on the Users and Purpose of the Report
This audit report is only for disclosure in Suzhou Tianmai's annual report and may not be used for any other purpose. We agree that this audit report shall be an essential document of Suzhou Tianmai's annual report and shall be submitted and disclosed externally along with other documents.
II. Responsibilities of the Board of Directors
The responsibility of the Board of Directors of Suzhou Tianmai is to provide true, lawful, and complete relevant information, and to prepare the Special Report on Raised Funds in accordance with the "Supervision Regulations on Raised Funds of Listed Companies" issued by the China Securities Regulatory Commission, the "Shenzhen Stock Exchange Listed Companies Self-Regulatory Management Guide No. 2 - Norms for Operation of Companies Listed on the GEM Board" of the Shenzhen Stock Exchange, and relevant format guidelines, and to ensure that its content is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
III. Responsibilities of the Certified Public Accountants
Our responsibility is to express an audit conclusion on the above Special Report on Raised Funds prepared by the Board of Directors of Suzhou Tianmai based on the performance of the audit work.
IV. Summary of Work
We conducted the audit in accordance with the "China Standards on Auditing Other Assurance Engagements No. 3101 - Assurance Engagements Other Than Audits or Reviews of Historical Financial Information" issued by the Chinese Institute of Certified Public Accountants. This standard requires us to plan and perform the assurance engagement to obtain reasonable assurance about whether the information subject to assurance is free from material misstatement. During the assurance engagement, we conducted prudent investigations and performed procedures that we considered necessary, including the examination of accounting records. We believe that our audit work provides a reasonable basis for our opinion.
V. Audit Conclusion
We are of the opinion that the Special Report on Raised Funds for 2025 prepared by the Board of Directors of Suzhou Tianmai complies with the "Supervision Regulations on Raised Funds of Listed Companies," the "Shenzhen Stock Exchange Listed Companies Self-Regulatory Management Guide No. 2 - Norms for Operation of Companies Listed on the GEM Board" of the Shenzhen Stock Exchange, and relevant format guidelines, and truthfully reflects Suzhou Tianmai's actual situation of raised funds storage, management, and use for 2025 in all material respects.
Certified Public Accountant: Teng Fei (Partner)
Certified Public Accountant: Teng Fei
Certified Public Accountant: Yi Junli
Date: April 24, 2026
Suzhou Tianmai Thermal Technology Co., Ltd. Special Report on the Status of Raised Funds Storage, Management, and Use for 2025
I. Basic Situation of Raised Funds
- Amount of Raised Funds and Time of Arrival
Suzhou Tianmai Thermal Technology Co., Ltd. (hereinafter referred to as "the Company" or "the Company") was approved by the GEM Listing Committee of the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission (CSRC License [2024] No. 479) for its initial public offering of RMB ordinary shares (A shares) of 28.92 million shares at an issue price of RMB 21.23 per share. The total amount of raised funds was RMB 613,971,600.00. After deducting underwriting and sponsorship fees, audit fees, legal fees, information disclosure fees, and other issuance expenses of RMB 69,045,429.07, the net amount of raised funds was RMB 544,926,170.93. The arrival of the above raised funds was verified by Gongzheng Tianye Certified Public Accountants (Special General Partnership) on October 21, 2024, and a "Capital Verification Report" (Su Gong W [2024] B075) was issued.