Yantai Jere Oilfield Services Group Co., Ltd. Announcement on Proposed Change of Auditor
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Reminder:
- Name of the proposed accounting firm: Deloitte Hua Yong Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Deloitte Hua Yong")
- Name of the former accounting firm: Zhongxi Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Zhongxi")
- Reason for the proposed change of accounting firm: Zhongxi has provided good audit services to the Company for 17 consecutive years. Based on the Company's business development needs and in accordance with the "Administrative Measures for the Selection of Accounting Firms by State-owned Enterprises and Listed Companies," after selection, the Company proposes to appoint Deloitte Hua Yong as its 2026 annual audit institution.
- The proposed change of accounting firm has been reviewed and approved by the Company's Board of Directors' Audit Committee at its third meeting in 2026 and the fourth meeting of the seventh Board of Directors, and it is subject to the approval of the Company's shareholders' meeting.
- The proposed change of accounting firm complies with the "Administrative Measures for the Selection of Accounting Firms by State-owned Enterprises and Listed Companies" (Cai Kuai [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.
Yantai Jere Oilfield Services Group Co., Ltd. (hereinafter referred to as the "Company" or "Jere Shares") held the fourth meeting of the seventh Board of Directors on June 22, 2026, and reviewed and approved the "Proposal on the Proposed Change of Accounting Firm." It was agreed to appoint Deloitte Hua Yong Certified Public Accountants (Special General Partnership) as the Company's 2026 annual audit institution. This matter is still subject to the approval of the Company's shareholders' meeting. The details are as follows:
I. Basic Information on the Proposed Change of Accounting Firm (I) Institutional Information
- Basic Information The predecessor of Deloitte Hua Yong Certified Public Accountants (Special General Partnership) was Shanghai Jiao Tong Deloitte Certified Public Accountants Co., Ltd., established in February 1993. It was renamed Deloitte Hua Yong Certified Public Accountants Co., Ltd. in 2002 and was restructured into a special general partnership in September 2012 with the approval of the Ministry of Finance and other departments. Deloitte Hua Yong's registered address is 30th Floor, 222 Yan'an East Road, Huangpu District, Shanghai.
Deloitte Hua Yong holds a practicing certificate for accounting firms approved by the Ministry of Finance. Deloitte Hua Yong has completed the filing for engaging in securities service business in accordance with the relevant provisions of the "Administrative Measures for the Filing of Accounting Firms Engaging in Securities Service Business" issued by the Ministry of Finance and the China Securities Regulatory Commission. Deloitte Hua Yong has been engaged in securities and futures related business for more than twenty years and has rich experience in securities services.