Stock Code: 001380 Stock Abbreviation: Huabei Technology Announcement Number: 2026-011
Huabei Technology Co., Ltd. Announcement on Re-appointment of Accounting Firm
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder: The proposed re-appointment of the accounting firm complies with the "Measures for the Selection and Appointment of Accounting Firms by State-owned Enterprises and Listed Companies" (Cai [2023] No. 4) issued by the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, and the China Securities Regulatory Commission.
Huabei Technology Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on Re-appointment of Accounting Firm" at the fourth meeting of the Fourth Audit Committee on March 30, 2026, and the fifth meeting of the Fourth Board of Directors on April 1, 2026, respectively. It was agreed to re-appoint Lixin Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Lixin") as the Company's auditor for financial and internal control audits for the 2025 fiscal year. The appointment will take effect from the date of approval by the Company's shareholders' meeting and will be for a term of one year. The relevant situation is hereby announced as follows:
I. Basic Information of the Proposed Re-appointed Accounting Firm: (I) Institutional Information
- Basic Information Lixin was founded in Shanghai in 1927 by Dr. Pan Xulun, a renowned Chinese accountant. It was re-established in 1986 and became the first special general partnership accounting firm in China to complete its restructuring in 2010. Its registered address is in Shanghai, and its chief partner is Mr. Zhu Jiandi. Lixin is a member of the international accounting network BDO, has long been engaged in securities services, held securities and futures business licenses before the implementation of the new Securities Law, has H-share audit qualifications, and is registered with the Public Company Accounting Oversight Board (PCAOB) in the United States. As of the end of 2025, Lixin had 300 partners, 2,523 certified public accountants, and a total of 9,933 employees. Among them, 802 certified public accountants have signed audit reports for securities services. Lixin's business revenue for 2025 (unaudited) was RMB 5.00 billion, of which audit business revenue was RMB 3.672 billion.
RMB, and securities business revenue was RMB 1.505 billion. In 2025, Lixin provided annual report audit services for 770 listed companies, with audit fees of RMB 916 million, and audited 40 listed companies in the same industry.