Hangzhou Fu'en Co., Ltd.
Report of the Board of Directors' Audit Committee on the Supervision of the Accounting Firm for 2025
In accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Guidelines on Corporate Governance for Listed Companies," "Measures for the Selection of Accounting Firms by State-owned Enterprises, Listed Companies," and the "Articles of Association" of Hangzhou Fu'en Co., Ltd. (hereinafter referred to as the "Company"), the Board of Directors' Audit Committee has diligently performed its duties with integrity. The report on the supervision of the accounting firm's performance for 2025 is as follows:
I. Audit Committee's Supervision of the Accounting Firm
(I) The Audit Committee has strictly reviewed and evaluated the professional qualifications, business capabilities, integrity, independence, past audit work, and quality of practice of Tianjian Certified Public Accountants LLP (Special General Partnership) (hereinafter referred to as "Tianjian Accounting Firm"). It is concluded that the firm possesses the qualifications and professional capabilities to provide audit services for listed companies and can meet the Company's audit requirements. On April 3, 2025, the first meeting of the Audit Committee of the Board of Directors was held, followed by the eighth meeting of the first Board of Directors on April 15, 2025. On May 6, 2025, the 2024 Annual General Meeting of Shareholders approved the "Proposal on Re-engaging the Accounting Firm," agreeing to appoint Tianjian Accounting Firm as the Company's financial statement and internal control audit institution for 2025.