Hongli Group Inc.(HLP) - 2025 Q2 - Quarterly Report

Exhibit 99.2 HONGLI GROUP INC. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENT NOTE 1 — ORGANIZATION AND NATURE OF OPERATIONS Hongli Group Inc. ("Hongli Cayman") was incorporated in Cayman Islands as an exempted company with limited liability on February 9, 2021. Hongli Cayman serves as a holding company and conducts its businesses through its subsidiaries and the consolidated variable interest entity (the "VIE") and the subsidiaries of the VIE. Hongli Cayman, its subsidiaries, the VIE and ...