Cloud Live Tech Group Co., Ltd.
Report on the Evaluation of the Performance of the Accounting Firm for 2025
Cloud Live Tech Group Co., Ltd. (hereinafter referred to as the "Company") appointed Liantong Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Liantong Firm") as the Company's auditor for financial statements and internal control 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 and Listed Companies," "Shenzhen Stock Exchange Listed Company Self-regulatory Supervision Guide No. 1 - Main Board Listed Company Standardized Operation," and the "Articles of Association," the Company has evaluated the performance of the accounting firm for 2025. The specific situation is as follows:
I. Basic Information of the Accounting Firm for 2025
(I) Basic Information of the Accounting Firm
- Name: Liantong Certified Public Accountants (Special General Partnership)
- Date of Establishment: October 22, 2013
- Registered Address: Room 1101, Building 210, Ciyunsi North Lane, Chaoyang District, Beijing
- Business Information: As of December 31, 2025, Liantong Certified Public Accountants (Special General Partnership) had 70 partners and 475 practicing certified public accountants, of whom 167 had signed audit reports for securities services. In 2025, unaudited total revenue was RMB 52,608.76 million, unaudited audit service revenue was RMB 43,848.21 million, and unaudited securities service revenue was RMB 14,702.94 million. In 2025, the Company had 30 listed company audit clients, with a total audit fee of RMB 4,141.88 million. The main industries of listed companies (top five) were: Manufacturing (21 companies), Mining (3 companies), Agriculture, Forestry, Animal Husbandry, and Fishery (2 companies), Accommodation and Catering (1 company), Wholesale and Retail Trade (1 company), Culture, Sports, and Entertainment (1 company), and Financial Industry (1 company).
- Investor Protection Capability: As of the end of 2025, Liantong had accumulated a professional liability reserve fund of RMB 1,613.58 million and purchased professional liability insurance with a cumulative coverage limit of RMB 80 million. The provision of the professional liability reserve fund and the purchase of professional liability insurance comply with relevant regulations. There have been no instances in the past three years where the firm has borne civil liability in civil litigation due to its professional conduct.