Hangyang Group Co., Ltd.
Report on the Performance Evaluation of the Accounting Firm by the Board of Directors and the Report on the Fulfillment of Supervisory Duties by the Audit Committee
In accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and other laws, regulations, normative documents, and the "Articles of Association" and "Articles of Association of the Board of Directors' Audit Committee" of Hangyang Group Co., Ltd. (hereinafter referred to as the "Company"), this report outlines the performance of the accounting firm in 2025 and the Audit Committee's fulfillment of its supervisory duties over the accounting firm.
I. Basic Information of the 2025 Annual Report Auditing Institution
(I) Basic Information of the Firm Zhonghui CPA was restructured into a special general partnership in December 2013, with its management headquarters located in Hangzhou. It was formerly one of the accounting firms with securities and futures business auditing qualifications and has long been engaged in securities services. Firm Name: Zhonghui CPA (Special General Partnership) Date of Establishment: December 19, 2013 Organizational Form: Special General Partnership Registered Address: Room 601, Block A, Hualian Times Building, No. 8 Xinye Road, Jianggan District, Hangzhou Chief Partner: Gao Feng Number of Partners at the end of last year (December 31, 2025): 117 Number of Certified Public Accountants at the end of last year (December 31, 2025): 688 Number of Certified Public Accountants who signed audit reports for securities services at the end of last year (December 31, 2025): 278 Total audited revenue in the most recent year (2024): RMB 101,434 million Audit service revenue in the most recent year (2024): RMB 89,948 million Securities service revenue in the most recent year (2024): RMB 45,625 million Number of listed company audit clients in the previous year (2024 annual report): 205 Main industries of listed company audit clients in the previous year (2024 annual report): (1) Manufacturing - Electrical Machinery and Equipment Manufacturing (2) Manufacturing - Computer, Communication and Other Electronic Equipment Manufacturing (3) Information Transmission, Software and Information Technology Services - Software and Information Technology Services (4) Manufacturing - Special Equipment Manufacturing (5) Manufacturing - Pharmaceutical Manufacturing Total audit fees for listed companies in the previous year (2024 annual report): RMB 16,963 million Number of listed companies in the same industry as the Company that are audit clients in the previous year (2024 annual report): 17
II. Project Information
- Basic Information
| Personnel | Role | Became a Certified Public Accountant | Started Auditing for Listed Companies | Started Practicing at the Firm | Started Providing Audit Services to the Company | Number of Audit Reports Signed and Reviewed by the Company in the Last Three Years |
|---|---|---|---|---|---|---|
| Wu Guang | Engagement Partner | 2009 | 2011 | December 2009 | 2023 | Signed audit reports for 7 listed companies, reviewed for 2 |
| Wang Jingyu | Signing Certified Public Accountant | 2009 | 2023 | December 2009 | 2023 | Signed audit reports for 1 listed company |
| Zhang Lei | Quality Control Reviewer | 2005 | 2003 | July 2019 | 2025 | Signed audit reports for 5 listed companies, reviewed for 3 |
Zhonghui CPA and the aforementioned engagement partners, signing certified public accountants, and project quality control reviewers do not have any circumstances that violate the independence requirements of the "Code of Professional Ethics for Certified Public Accountants of China."