Guangzhou Yuexiu Capital Holding Group Co., Ltd.
2025 Annual Report of the Board of Directors' Audit Committee
To all shareholders of Guangzhou Yuexiu Capital Holding Group Co., Ltd.:
In accordance with the "Company Law," "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guide No. 1 – Norms for the Operation of Main Board Listed Companies," and the "Articles of Association" and "Audit Committee Work Rules" of Guangzhou Yuexiu Capital Holding Group Co., Ltd. (hereinafter referred to as the "Company"), the Audit Committee of the Board of Directors diligently and conscientiously performed its supervisory duties in 2025. The work report for 2025 is as follows:
I. Basic Information of the Audit Committee
The tenth session of the Company's Audit Committee consists of 5 members: Independent Director Mr. Liu Zhonghua, Director Mr. Li Feng, Employee Representative Director Mr. Chen Tonghe, Independent Director Mr. Xie Shisong, and Independent Director Mr. Feng Ke. Each member possesses extensive financial, auditing, and corporate governance experience. Three members are independent directors, constituting more than half of the committee, ensuring the independence and professionalism of decision-making. The Chairman of the committee is Independent Director Mr. Liu Zhonghua, who holds accounting professional qualifications. The personnel, composition, qualifications, experience, and the appointment of the Chairman of the Company's Audit Committee comply with regulatory rules and the Company's "Articles of Association," ensuring the committee's effective performance of its duties.
In 2025, the Company's Audit Committee supervised the Company's operations, financial status, major transactions, internal controls, significant management decisions, and the performance of duties by directors and senior management through committee meetings, attending board and shareholder meetings, questioning relevant personnel, and listening to reports. The committee acted diligently and conscientiously to promote the Company's standardized operations and safeguard the legitimate rights and interests of the Company and its shareholders.
II. 2025 Meeting Convening Situation
In 2025, the Company's Audit Committee held 8 meetings. The convening and holding procedures for all meetings complied with the "Company Law," the Company's "Articles of Association," and the "Audit Committee Work Rules," among other relevant regulations. The specific details are as follows:
(I) On April 1, 2025, the thirteenth meeting of the tenth session of the Audit Committee was held in the second conference room on the 63rd floor of Guangzhou International Finance Center. The meeting reviewed and approved the proposals regarding the "2024 Audit Committee Work Report," "2024 Annual Financial Report," "Provision for Asset and Credit Impairment," "2024 Annual Report and its Summary," "Special Explanation on Non-Operating Fund Occupation and Other Related Party Fund Transactions in 2024," "Special Audit Report on the Management of Related Party Transactions for the Company and its Subsidiaries in 2024," "Special Audit Report on the Company's Standardized Operations in 2024," "2024 Internal Control Self-Evaluation Report," "Evaluation Report on the Performance of the Accounting Firm in 2024," "Report on the Supervision of the Accounting Firm's Performance of Supervisory Duties," and the "2024 Audit Work Summary and 2025 Audit Work Plan."