Shanghai Huafeng Microfiber Technology Co., Ltd. Board of Directors' Audit Committee Report on the Supervision of the Accounting Firm's Performance in 2025
According to the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Guidelines on Corporate Governance for Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 2 - Normative Operation of GEM Listed Companies," and the "Articles of Association," etc., the Company's Board of Directors' Audit Committee, with a principle of diligence and responsibility, has conscientiously performed its duties. The report on the Board of Directors' Audit Committee's supervision of the performance of Lixin Certified Public Accountants (Special General Partnership) in 2025 is as follows:
I. Basic Information of the 2025 Annual Audit Accounting Firm
Lixin Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Lixin") was founded by Dr. Pan Xulun, a renowned Chinese accounting scholar, in Shanghai in 1927. It was re-established in 1986 and became the first special general partnership accounting firm in China to complete its restructuring in 2010. Its registered address is in Shanghai, and its chief partner is Mr. Zhu Jiandi. Lixin is a member of the international accounting network BDO, has long been engaged in securities services, held securities and futures business licenses before the implementation of the new Securities Law, has H-share audit qualifications, and has registered with the Public Company Accounting Oversight Board (PCAOB) in the United States.
As of the end of 2025, Lixin had 300 partners, 2,523 certified public accountants, and a total of 9,933 employees. Among them, 802 certified public accountants had signed audit reports for securities services.
The annual business revenue (unaudited) was RMB 5.00 billion, of which audit business revenue was RMB 3.672 billion and securities business revenue was RMB 1.505 billion.