According to the "Company Law of the People's Republic of China," the "Partnership Enterprise Law of the People's Republic of China," and the "Guidelines for Listed Companies on the Governance of Accounting Firms," the Audit Committee of the Board of Directors of Guangzhou Tianyi High-tech Materials Co., Ltd. (hereinafter referred to as "the Company") is responsible for supervising the accounting firm’s performance in 2025.
1. Basic Situation of the Accounting Firm
The accounting firm (hereinafter referred to as "the Firm") is the largest accounting firm in the world, established in 1981. The Firm is headquartered in Beijing and is Grant Thornton International Ltd (GTIL), the only member in China, known in English as Grant Thornton. The Firm is the first to obtain a financial audit qualification as an accounting firm and is also registered with the PCAOB in the United States.
As of the end of 2025, the Firm had approximately 6,000 employees, including 244 partners and 1,361 registered accountants. The number of accountants providing audit services reported in the registration of the accounting firm exceeded 400.
2. Overview of the Accounting Firm's Work in 2025
During the audit process, the Audit Committee will focus on the Firm's independence, professional quality, credibility, and adherence to auditing standards. The Audit Committee will report on the Firm’s work in 2025 and will provide specific audit opinions based on the audit contract.
3. Supervision of the Accounting Firm by the Audit Committee
According to the Company's "Audit Committee Work Rules" and other regulations, the Audit Committee supervises the accounting firm’s work as follows: