Company Overview - Guoke Tianceng Technology Co., Ltd. was established on January 8, 2014, with a registered capital of 1 million yuan [1] - The company was initially set up as Guoke Tianceng (Beijing) Technology Co., Ltd. by shareholders Luo Juedian, Wu Mingxing, and Liu Huaiying [1] Shareholder Structure - Initial shareholder contributions were as follows: Luo Juedian contributed 400,000 yuan (40%), Wu Mingxing 300,000 yuan (30%), and Liu Huaiying 300,000 yuan (30%) [1] - After a share transfer in July 2014, Beijing Kongying Technology Development Co., Ltd. acquired 12% and 9% of the shares from Wu Mingxing and Liu Huaiying, respectively [1] - Subsequent capital increases involved contributions from Tianjin Lenovo Star Venture Capital Co., Ltd. and Suzhou Xinglian Tongdao Angel Investment Center, totaling 3 million yuan [1][2] Capital Increases and Changes - The company underwent several capital increases, with the latest registered capital reaching 84,183,480 yuan [4] - The shareholder structure evolved significantly, with various investments from entities such as Tianjin Tiansheng Tianceng Asset Management Center and others, reflecting a diverse ownership base [2][5] Current Shareholder Contributions - As of the latest report, the major shareholders and their contributions are as follows: - Kongying Technology: 135 million yuan (16.04%) - Luo Juedian: 126.9134 million yuan (15.08%) - Wu Mingxing: 95.4134 million yuan (11.33%) - Kec Innovation: 76.1326 million yuan (9.04%) [3][4] - The total contributions from all shareholders amount to 841.8348 million yuan, with a diverse mix of monetary and equity contributions [3][5] Recent Developments - The company has seen significant changes in its shareholder structure due to various share transfers and capital increases, indicating active investment interest [2][3] - The transformation from a limited liability company to a joint-stock company was completed on September 1, 2020, with a total share capital of 97.5 million shares [4]

Group 1 - The audit report provides a fair representation of the financial performance of Yichang Newfa Industrial Investment Co., Ltd. for the transitional period from August 1, 2024, to May 31, 2025 [1][2] - The management is responsible for preparing the consolidated profit and loss statement in accordance with the specified basis of preparation, ensuring it reflects a true and fair view [2][3] - The audit was conducted in accordance with Chinese CPA auditing standards, aiming to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error [2][4] Group 2 - Yichang Newfa Industrial Investment Co., Ltd. was established on February 12, 2018, with a registered capital of 1.5 billion RMB, focusing on investment in emerging industries, petrochemicals, new energy, and environmental protection [5][6] - The company operates under a continuous operating assumption for the preparation of its consolidated profit and loss statement, covering the period from August 1, 2024, to May 31, 2025 [7][8] - The financial statements are prepared based on the relevant accounting standards and do not include comparative data for the transitional period [8][9] Group 3 - The company’s accounting policies include the recognition of financial instruments, with specific classifications for financial assets and liabilities based on their characteristics and management intentions [18][19] - The company assesses expected credit losses for financial instruments based on historical data, current conditions, and forecasts of future economic conditions [30][31] - Inventory is measured at the lower of cost and net realizable value, with specific methods for valuation and recognition of impairment losses [32][33]