Yibin Tianyuan Group Co., Ltd.
2025 Annual Report on the Performance of the Accounting Firm and Report on the Audit Committee's Fulfillment of Supervisory Duties
Yibin Tianyuan Group Co., Ltd. (hereinafter referred to as "the Company") engaged Sichuan Huaxin (Group) Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Sichuan Huaxin") as the auditor for the Company's 2025 annual report and internal control audit. In accordance with the "Measures for the Selection and Appointment of Accounting Firms by State-owned Enterprises and Listed Companies," the Company has evaluated Sichuan Huaxin's performance in 2025. The details are as follows:
I. Company's Evaluation Report on Huaxin's Performance
(I) Qualification Conditions
- Institutional Information
Sichuan Huaxin was initially established in June 1988 and was restructured into a special general partnership on November 27, 2013. It has been engaged in securities service business since 1997. Registered Address: Unit 2, Building 3, No. 28 Jiangyang Middle Road, Luzhou City; Head Office Address: 28th Floor, Jinmao Lidou, No. 18 Ximianqiao Street, Wuhou District, Chengdu City; Chief Partner: Li Wulin.
- Personnel Information
As of December 31, 2025, there were 52 partners and 131 certified public accountants. Among them, 104 certified public accountants have signed audit reports for securities services.
- Business Information
The unaudited total revenue for 2025 was RMB 145.0686 million, of which audit service revenue was RMB 145.0686 million, and revenue from securities and futures-related businesses was RMB 102.9778 million.
A total of 38 listed companies' 2024 financial statement audits were undertaken, with audit fees totaling RMB 44.7880 million. The main industries of listed company clients include: manufacturing; electricity, heat, gas, and water production and supply; agriculture, forestry, animal husbandry, and fishery; information transmission, software, and information technology services; and water conservancy, environmental, and public facility management. The number of audited companies in the same industry is 10.
- Investor Protection Capability
Professional liability insurance has been purchased in accordance with the "Interim Measures for the Professional Liability Insurance of Accounting Firms." As of December 31, 2025, the cumulative liability compensation limit is RMB 10 million, and the relevant professional insurance can cover civil compensation liabilities arising from audit failures. There have been no civil lawsuits arising from professional conduct in the past three years.
(II) Practice Record
Sichuan Huaxin and its personnel have not violated the independence requirements of the "Code of Professional Ethics for Chinese Certified Public Accountants."
The project partner, project quality control reviewer, and proposed signing certified public accountant have many years of experience in securities business and possess corresponding professional competence. As of December 31, 2025, Sichuan Huaxin has received 0 criminal penalties, 0 administrative penalties, 5 supervisory measures, 0 self-regulatory measures, and 0 disciplinary actions for professional conduct in the past three years. Among the 23 personnel, there have been 0 criminal penalties, 0 administrative penalties, 8 supervisory measures, and 0 self-regulatory measures for professional conduct in the past three years. In accordance with relevant laws and regulations, the aforementioned administrative penalties, supervisory measures, and self-regulatory measures do not affect Sichuan Huaxin's continued undertaking or execution of securities service business and other businesses.
(III) Human and Other Resource Allocation
The signing project partner and proposed signing certified public accountants are all qualified certified public accountants and have been engaged in CPA services, providing IPO application audits, annual report audits for listed companies, and major asset restructuring audits for many companies.