Zhejiang Founder Motor Co.Ltd(002196) : special verification report on statement of deduction of operating income

Zhejiang Founder Motor Co.Ltd(002196)

Statement of deduction of operating income

Special verification report

Zhitong Certified Public Accountants (special general partnership)

catalogue

Special verification report

Table 1-2 deduction of operating income of the company in 2021

Zhitong Certified Public Accountants (special general partnership), 5th floor, set square, No. 22, Jianguomenwai street, Chaoyang District, Beijing, China, 100004

Tel. + 86 1085665588

Fax + 86 1085665120

www.grantthornton. cn.

Zhejiang Founder Motor Co.Ltd(002196)

Special verification report on statement of deduction of operating income

Zhi Tong Zhi Zi (2022) No. 332a006821 Zhejiang Founder Motor Co.Ltd(002196) all shareholders:

We are entrusted to audit the consolidated and company’s balance sheet of Zhejiang Founder Motor Co.Ltd(002196) (hereinafter referred to as Zhejiang Founder Motor Co.Ltd(002196) company) as of December 31, 2021, the consolidated and company’s income statement, consolidated and company’s cash flow statement, consolidated and company’s statement of changes in shareholders’ equity and notes to financial statements in 2021, The attached statement and description of operating income deduction of Zhejiang Founder Motor Co.Ltd(002196) company in 2021 (hereinafter referred to as “statement of operating income deduction”) was specially verified.

In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange (revised in January 2022) (SZS [2022] No. 12) (hereinafter referred to as the “Listing Rules”) and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – business handling (SZS [2022] No. 26) (hereinafter referred to as the “self regulatory guidelines”), prepare the statement of deduction of operating income to ensure that its contents are true, accurate and complete, It is the responsibility of the management of Zhejiang Founder Motor Co.Ltd(002196) company that there are no false records, misleading statements or major omissions. Our responsibility is to express verification opinions on the statement of operating income deduction prepared by the management of Zhejiang Founder Motor Co.Ltd(002196) company on the basis of verification.

We plan and implement the verification work in accordance with the provisions of other assurance business standards for Chinese certified public accountants No. 3101 – assurance business other than audit or review of historical financial information, so as to reasonably ensure that there is no material misstatement in the statement of operating income deduction. In the process of verification, we implemented the verification procedures that we considered necessary, including checking, inquiring and spot checking accounting records, in combination with the actual situation of Zhejiang Founder Motor Co.Ltd(002196) company. We believe that our verification work provides a reasonable basis for expressing verification opinions.

After verification, we believe that the statement of operating income deduction prepared by the management of Zhejiang Founder Motor Co.Ltd(002196) company complies with the listing rules and the “self regulatory guidelines” in all major aspects.

This verification report is only used by Zhejiang Founder Motor Co.Ltd(002196) company to disclose the deduction of operating income and the amount of operating income after deduction, and shall not be used for any other purpose.

To Gao Fei, a Chinese certified public accountant of Tong Certified Public Accountants

(special general partnership)

Chinese certified public accountant Dai Simin

Beijing, China, April 14, 2002

Zhejiang Founder Motor Co.Ltd(002196)

Statement and explanation of operating income deduction in 2021

Zhejiang Founder Motor Co.Ltd(002196) (hereinafter referred to as “the company”), the consolidated and the company’s balance sheet as of December 31, 2021, the consolidated and the company’s income statement, consolidated and the company’s cash flow statement, consolidated and the company’s statement of changes in shareholders’ equity and notes to financial statements in 2021 have been audited by Grant Thornton Certified Public Accountants (special general partnership) and issued an unqualified audit report of “Grant Thornton (2022) No. 332a010073”.

In accordance with the relevant provisions of the Shenzhen Stock Exchange Stock Listing Rules (revised in January 2022) (SZS [2022] No. 12) (hereinafter referred to as the “Listing Rules”) and the Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 1 – business handling (SZS [2022] No. 26) (hereinafter referred to as the “self regulatory guidelines”), The deduction of the company’s operating income in 2021 and the amount of operating income after deduction are described as follows: I. the audited net profit of the company before and after deducting non recurring profits and losses

Unit: RMB 10000

Project year 2021 to 2020

Net profit attributable to shareholders of listed company 251770 -6387949 net profit attributable to shareholders of listed company deducting non recurring profit and loss of -1447256 -6484052 II. Statement of deduction of operating income

Unit: RMB 10000

Project year 2021 to 2020

Operating income amount 1890768211425700 total amount of deduction items of operating income 597928583960 total amount of deduction items of operating income accounts for 3.16% and 5.11% of operating income

1、 Business income unrelated to main business 597928583960 other business income outside normal operation 597928583960 subtotal of business income unrelated to main business 597928583960

2、 Income without commercial substance – Subtotal of income without commercial substance – III. other income unrelated to the main business or without commercial substance

Amount of operating income after deduction 1830975410841740

3、 Approval of this note

This statement was approved by the board of directors of the company on April 14, 2022.

Legal representative: Feng Rong

Person in charge of Accounting: Xu Huayue

Person in charge of accounting organization: Lu Meiling

Zhejiang Founder Motor Co.Ltd(002196) April 14, 2002

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