Changzhou Guangyang Bearing Co., Ltd.
According to the basic regulations on internal control and relevant guidelines, combined with the internal control requirements of Changzhou Guangyang Bearing Co., Ltd. (hereinafter referred to as "the Company"), we conducted an evaluation of the internal control effectiveness of the Company as of December 31, 2025.
I. Important Statement
According to the regulations of the internal control system, the evaluation is effective and valid. The internal control evaluation aims to ensure that the Company operates effectively and complies with laws and regulations. The evaluation committee has conducted a thorough review of the internal control system and its implementation.
II. Internal Control Evaluation Conclusion
Based on the evaluation of the internal control system, there are significant deficiencies. For the internal control evaluation report, there are no major deficiencies in the internal control system. The Company has established an internal control system and relevant regulations to ensure compliance and operational efficiency.
III. Internal Control Evaluation Work Situation
- Internal Control Evaluation Scope
The internal control evaluation scope includes the Company and its subsidiaries, Changzhou Guangyang Bearing Co., Ltd. and its subsidiaries.
- Internal Control Environment
(1) Company Governance
The Company adheres to the laws and regulations of the People's Republic of China and relevant supervisory requirements, establishing a governance structure that meets the needs of the Company.