300454SZSE

Internal Control Evaluation Report of Sangfor Technologies Inc. for the Year 2025

✨ AI Summary

The report evaluates the effectiveness of internal controls at Sangfor Technologies as of December 31, 2025. It concludes that there are no significant deficiencies in financial or non-financial reporting controls. The board affirms compliance with internal control standards, ensuring operational legality, asset security, and accurate financial reporting. The evaluation process involved comprehensive assessments of various business areas and adherence to regulatory requirements.

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Full Translation

AI Translation· azure_openai

Important Statement

According to the provisions of the enterprise internal control standard system, it is the responsibility of the company's board of directors to establish, implement, and objectively evaluate the effectiveness of internal controls within the company, and to disclose the internal control evaluation report truthfully. The audit committee supervises the establishment and implementation of internal controls by the board of directors. The management is responsible for organizing and leading the daily operation of internal controls. The board of directors, directors, and senior management guarantee 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 goal 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 achievement of development strategies is promoted. Due to inherent limitations in internal controls, they can only provide reasonable assurance of achieving the above goals. 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 financial reporting internal controls, as of the benchmark date, the company has no significant deficiencies or important deficiencies in financial reporting internal controls. The board of directors 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 benchmark date, the company has not identified any significant deficiencies or important deficiencies in non-financial reporting internal controls. No factors affecting the evaluation conclusion of internal control effectiveness have arisen between the benchmark date and the issuance date of this internal control evaluation report.

Scope of Internal Control Evaluation

The company determines the main units, businesses, and high-risk areas included in the evaluation scope based on a risk-oriented principle. The main units included in the evaluation scope comprise the company and its subsidiaries. The total assets of the included units account for 100% of the total assets in the consolidated financial statements, and the total operating income accounts for 100% of the total operating income in the consolidated financial statements. The main businesses and matters included in the evaluation scope encompass: organizational structure, development strategy, human resources, social responsibility, corporate culture, capital activities, procurement, asset management, sales, research and development, engineering projects, financial reporting, contract management, information systems, related party transactions, fundraising, information disclosure, guarantee business, and management of controlling subsidiaries, among others.

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