002842SZSE

Guangdong Xianglu Tungsten Industry Co., Ltd. 2025 Internal Control Evaluation Report

✨ AI Summary

This report evaluates the effectiveness of internal controls at Guangdong Xianglu Tungsten Industry Co., Ltd. as of December 31, 2025. The Board confirms no significant deficiencies in financial or non-financial reporting controls. The evaluation process included risk assessment and compliance checks, ensuring adherence to internal control standards. The company aims to maintain operational efficiency and compliance while safeguarding assets and ensuring accurate financial reporting.

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Full Translation

AI Translation· azure_openai

Important Statement

According to the provisions of the enterprise internal control standard system, establishing, improving, and effectively implementing internal controls, evaluating their effectiveness, and truthfully disclosing the internal control evaluation report is the responsibility of the company's board of directors. The Audit Committee supervises the establishment and implementation of internal controls by the board. The management is responsible for organizing and leading the daily operation of internal controls. The board of directors and all directors ensure that the content of this report does not contain any false records, misleading statements, or significant omissions, and bear individual and joint legal responsibility for the truthfulness, accuracy, and completeness of the report's content. The objective of the company's internal control is to reasonably ensure that business management is legal and compliant, assets are secure, financial reports and related information are true and complete, operational efficiency and effectiveness are improved, and the development strategy is promoted. Due to the inherent limitations of internal controls, they can only provide reasonable assurance for achieving the above objectives. Additionally, changes in circumstances may render internal controls inappropriate or reduce compliance with control policies and procedures, making it risky to infer the future effectiveness of internal controls based on evaluation results.

Internal Control Evaluation Conclusion

Based on the identification of significant deficiencies in internal controls over financial reporting, as of the internal control evaluation report benchmark date, there are no significant deficiencies in financial reporting internal controls. The board believes that the company has maintained effective financial reporting internal controls in all material respects in accordance with the requirements of the enterprise internal control standard system and related regulations. Based on the identification of significant deficiencies in non-financial reporting internal controls, as of the internal control evaluation report benchmark date, the company has not identified any significant deficiencies in non-financial reporting internal controls. No factors affecting the effectiveness of internal control evaluation conclusions have occurred between the internal control evaluation report benchmark date and the issuance date of the internal control evaluation report.

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