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Report on the Evaluation of the Performance of the Accounting Firm for 2025 by the Audit Committee of the Board of Directors

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The Audit Committee evaluated the performance of the accounting firm for 2025, confirming the appointment of Grant Thornton as the auditor. The firm demonstrated strong qualifications and independence, completing the audit in compliance with standards. The committee found the audit report to be objective and timely, reflecting the company's financial status accurately.

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Report on the Evaluation of the Performance of the Accounting Firm for 2025 by the Audit Committee of the Board of Directors

According to 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," "Management Measures for the Appointment of Accounting Firms by State-owned Enterprises and Listed Companies," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange," and the Articles of Association and Rules of Procedure of the Audit Committee of Shandong Molong Petroleum Machinery Co., Ltd. (hereinafter referred to as "the Company"), the Audit Committee of the Board of Directors has diligently fulfilled its responsibilities. The following is the report on the evaluation of the performance of the accounting firm for 2025 and the execution of supervisory duties:

I. Basic Information of the Accounting Firm for the 2025 Annual Audit

(1) Basic Information of the Accounting Firm

  1. Basic Information
    • Name: Grant Thornton (Special General Partnership) (hereinafter referred to as "Grant Thornton")
    • Establishment Date: 1981 (Business Registration: December 22, 2011)
    • Organizational Form: Special General Partnership
    • Registered Address: 5th Floor, Siter Plaza, No. 22 Jianguomenwai Avenue, Chaoyang District, Beijing
    • Managing Partner: Li Huiqi

As of the end of 2025, Grant Thornton has nearly 6,000 employees, including 244 partners and 1,361 certified public accountants, with over 400 accountants having signed audit reports for securities services. In 2024, Grant Thornton's business revenue was 2.614 billion yuan, with audit revenue of 2.103 billion yuan and securities revenue of 482 million yuan. In 2024, the firm audited 297 listed company clients, primarily in manufacturing; information transmission, software, and information technology services; wholesale and retail; power, heat, gas, and water production and supply; and transportation, warehousing, and postal services, with total fees of 386 million yuan. The firm also audited 166 companies listed on the New Third Board, with total audit fees of 41.5624 million yuan. The firm had 36 audit clients in the same industry as the company.

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