CITIC Securities Co., Ltd.
Review Opinion on Xinjiang Beixin Road & Bridge Group Co., Ltd.'s 2025 Self-Assessment Report on Internal Control
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor"), as the sponsor for the private offering of shares by Xinjiang Beixin Road & Bridge Group Co., Ltd. (hereinafter referred to as "Beixin Road & Bridge" or "the Company"), in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business" and other relevant laws, regulations, and normative documents, has reviewed the 2025 Self-Assessment Report on Internal Control of Beixin Road & Bridge. The details are as follows:
I. Sponsor's Review of the Company's 2025 Self-Assessment Report on Internal Control
CITIC Securities' sponsoring representatives have carefully reviewed the "Xinjiang Beixin Road & Bridge Group Co., Ltd. 2025 Self-Assessment Report on Internal Control." Through interviews with the Company's directors, senior management, internal audit personnel, and external audit institutions, as well as reviewing documents from shareholder meetings, board meetings, and various business and management rules and regulations, they have assessed the completeness, reasonableness, and effectiveness of Beixin Road & Bridge's internal controls, and the authenticity and objectivity of the "Xinjiang Beixin Road & Bridge Group Co., Ltd. 2025 Self-Assessment Report on Internal Control," from aspects such as the internal control environment, internal control system construction, and internal control implementation.
II. Self-Assessment of the Effectiveness of the Company's Internal Control System
(I) Conclusion of Internal Control Assessment
Based on the determination of major deficiencies in financial reporting internal controls, there were no major deficiencies in financial reporting internal controls as of the reporting date of the internal control assessment report. The Board of Directors believes that the Company has maintained effective financial reporting internal controls in all material respects in accordance with the requirements of the enterprise internal control standard system and relevant regulations.
Based on the determination of major deficiencies in non-financial reporting internal controls, no major deficiencies in non-financial reporting internal controls were found as of the reporting date of the internal control assessment report.
No factors have occurred between the reporting date of the "Internal Control Assessment Report" and the issuance date that affect the conclusion of the internal control effectiveness assessment.
(II) Scope, Procedures, and Methods of Internal Control Assessment
The Company determines the main entities, businesses, and matters included in the scope of assessment, as well as high-risk areas, based on a risk-oriented principle.