Report on the Board of Supervisors' Audit Committee's Fulfillment of Supervisory Duties for the Accountant Firm in 2025
Pursuant to the "Company Law," "Securities Law," "Guidelines on the Governance of Listed Companies," "Administrative Measures for the Selection and Appointment of Accounting Firms by State-owned Enterprises and Listed Companies," "Shenzhen Stock Exchange Listing Rules No. 1 - Normative Operation of Main Board Listed Companies," and the "Articles of Association," Jiangsu Xiangteng New Materials Co., Ltd. (hereinafter referred to as the "Company") Board of Supervisors' Audit Committee, in accordance with the principle of diligence and responsibility, conscientiously performed its duties and prudently supervised the accounting firm. The following is a report on the Audit Committee's fulfillment of its supervisory duties for the accounting firm in 2025:
I. Audit Committee's Fulfillment of Supervisory Duties
- On April 11, 2025, the ninth meeting of the second Board of Supervisors' Audit Committee of the Company deliberated and approved the "Proposal on Reappointing the 2025 Audit Firm." Tianheng Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Tianheng CPA") possesses the qualifications for securities and futures related business, has the expertise and capability for financial and internal control audits, and has no relationship with the Company's shareholders or related parties, thus not affecting its independence in Company affairs and meeting the requirements for the Company's audit work, possessing investor protection capabilities. Furthermore, Tianheng CPA demonstrated good professional ethics and professional standards during its provision of 2024 audit services to the Company, adhering to the principles of integrity, independence, and objectivity, and satisfactorily completed the Company's 2024 financial report audit. To ensure the continuity of audit work, the Company's Audit Committee agreed to reappoint Tianheng CPA as the Company's 2025 audit firm and submit it for the Board of Directors' review.