CITIC Securities Co., Ltd.
Audit Opinion on Beijing Easpring Material Technology Co., Ltd.'s 2025 Internal Control Evaluation Report
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Sponsor") is the sponsor for Beijing Easpring Material Technology Co., Ltd. (hereinafter referred to as "Easpring" or "the Company") for its 2021 and 2024 private placement of A shares. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and other relevant laws and regulations, the following audit opinion is issued on the "Beijing Easpring Material Technology Co., Ltd. 2025 Internal Control Evaluation Report" (hereinafter referred to as the "Evaluation Report"):
I. Internal Control Evaluation Work
(I) Scope of Internal Control Evaluation
The Company determines the main entities, businesses, and matters included in the evaluation scope, as well as high-risk areas, based on the principle of risk orientation.
- Main Entities Included in the Evaluation Scope
The scope of evaluation covers the main businesses and matters of the listed company itself and its subsidiaries. The total assets of the entities included in the evaluation scope account for 100% of the total assets of the consolidated financial statements of the Company, and the total operating income accounts for 100% of the total operating income of the consolidated financial statements of the Company.
- Main Businesses and Matters Included in the Evaluation Scope
These include: organizational structure, development strategy, human resources, corporate culture, social responsibility, procurement business, fund activities, sales business, asset management, research and development, guarantee business, engineering projects, financial reporting, comprehensive budgeting, internal information transmission, information systems, internal supervision, and other businesses.
- Key High-Risk Areas
The Company's key high-risk areas mainly include the risk of intensified market competition, the risk of raw material price fluctuations, and the risk of changes in European, American, and domestic policies and regulations.
The entities, businesses, matters, and high-risk areas included in the evaluation scope cover the main aspects of the Company's business management and do not have any major omissions.
(II) Basis for Internal Control Evaluation and Standards for Identifying Internal Control Deficiencies
The Company organized and carried out the internal control evaluation work in accordance with the enterprise internal control standard system, the "Company Law," the "Securities Law," the "Code of Corporate Governance for Listed Companies," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and the Company's internal control system and other relevant regulations.