SDIC Securities Co., Ltd. Report on the 2025 Annual On-site Inspection of Guandong Yu New Energy Technology Co., Ltd.
Sponsor Institution Name: SDIC Securities Co., Ltd. | Sponsored Company Abbreviation: Yu New Energy Sponsor Representative Name: Jin Huikui | Contact Number: 021-55518321 Sponsor Representative Name: Zhan Ruifeng | Contact Number: 021-55518303 On-site Inspection Personnel Name: Jin Huikui On-site Inspection Period: 2025 On-site Inspection Date: April 21, 2026 - April 23, 2026
I. On-site Inspection Items
(I) Company Governance On-site Inspection Methods:
- Review the company's articles of association, rules of procedure for the three meetings, and other corporate governance systems.
- Review minutes and records of past shareholder meetings, board of directors meetings, and supervisory board meetings (before the abolition of the supervisory board).
- Interview the company's financial controller, secretary of the board, and other relevant personnel to understand the implementation of the company's basic systems and the diligence of directors, supervisors, and senior management.
- Understand whether there are any situations that affect the independence of the company from related parties in terms of personnel, assets, finance, organization, and business.
| Item | On-site Inspection Opinion | Whether Applicable |
|---|---|---|
| 1. Are the company's articles of association and corporate governance system complete and compliant? | √ | |
| 2. Have the company's articles of association and the rules of the three meetings been effectively implemented? | √ | |
| 3. Are the minutes of the three meetings complete, with all requirements such as time, place, attendees, and meeting content, and are the meeting materials properly preserved? | √ | |
| 4. Are the resolutions of the three meetings signed by the relevant attendees? | √ | |
| 5. Have the company's directors, supervisors, and senior management fulfilled their duties in accordance with relevant laws, administrative regulations, departmental rules, normative documents, and the relevant business rules of this exchange? | √ | |
| 6. If there is a major change in the company's directors, supervisors, or senior management, have the corresponding procedures and information disclosure obligations been fulfilled? | √ | (Note) |
| 7. If there is a change in the company's controlling shareholder or actual controller, have the corresponding procedures and information disclosure obligations been fulfilled? | √ | |
| 8. Are the company's personnel, assets, finances, organization, and business independent? | √ | |
| 9. Is there no horizontal competition between the company and its controlling shareholder and actual controller? | √ |
Note: On February 27, 2025, the company held the First Extraordinary Shareholders' Meeting of 2025, electing the fourth board of directors (non-independent directors, independent directors) and the fourth supervisory board (non-employee supervisors). On February 27, 2025, the company held the First Employee Representative Meeting of 2025, electing the employee supervisor of the fourth supervisory board. The election and appointment of the board of directors and supervisory board was successfully completed. On February 28, 2025, the "Announcement on the Completion of the Election of the Board of Directors of Guandong Yu New Energy Technology Co., Ltd." (Announcement No.: 2025-015) and the "Announcement on the Completion of the Election of the Supervisory Board of Guandong Yu New Energy Technology Co., Ltd." (Announcement No.: 2025-016) were disclosed. The above changes are normal elections and appointments and do not constitute a major change.
(II) Internal Control On-site Inspection Methods:
- Review the company's internal audit system and internal audit reports to understand the operation of the company's internal audit department.
- Review the company's articles of association, internal control system for entrusted financial management, and the approval procedures and the company's situation regarding entrusted financial management.