Important Statement
According to the provisions of the "Basic Norms for Enterprise Internal Control" and its supporting guidelines, as well as other internal control regulatory requirements (hereinafter referred to as the "Enterprise Internal Control Normative System"), combined with the internal control system and evaluation methods of Shanghai Weihong Electronics Technology Co., Ltd. (hereinafter referred to as the "Company"), we evaluated the effectiveness of the Company's internal controls as of December 31, 2025 (the benchmark date for the internal control evaluation report).
The establishment, improvement, and effective implementation of internal controls, as well as the truthful disclosure of the internal control evaluation report, are the responsibilities of the Company's board of directors. The audit committee supervises the establishment and implementation of internal controls by the board, while the management is responsible for organizing and leading the daily operations of internal controls. The Company's board of directors, directors, and senior management 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 authenticity, accuracy, and completeness of the report's content.
The objectives of the Company's internal controls are 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 the inherent limitations of internal controls, they can only provide reasonable assurance of achieving the above objectives. Furthermore, 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 benchmark date of the internal control evaluation report, 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 Normative System and related regulations.
Based on the identification of significant deficiencies in non-financial reporting internal controls, as of the benchmark date of the internal control evaluation report, the Company has not identified any significant deficiencies in non-financial reporting internal controls. No factors affecting the evaluation conclusion of internal control effectiveness have occurred between the benchmark date of the internal control evaluation report and the issuance date of the internal control evaluation report.
Internal Control Evaluation Work Situation
1. Scope of Internal Control Evaluation
The Company determined the scope of evaluation based on a risk-oriented principle, including major companies, businesses, and matters, as well as high-risk areas, and conducted specific inspections and assessments in accordance with the element framework of the "Basic Norms for Enterprise Internal Control." The main units included in the evaluation scope are: the Company and its wholly-owned subsidiaries Shanghai Weihong Intelligent Technology Co., Ltd., Shanghai Weihong Automation Technology Co., Ltd., Nanjing Kaitong Automation Technology Co., Ltd., Jiangsu Feima Investment Management Co., Ltd., Shanghai Weihong Shouao Technology Co., Ltd., WEIHONG TECHNOLOGY PTE. LTD., the holding subsidiary Jiaxing Hongpu Zhizao Venture Capital Partnership (Limited Partnership), and the wholly-owned subsidiary Shanghai Weihong Chuanggu Technology Development Co., Ltd., Shanghai Hengzhida Laser Technology Co., Ltd. The total assets of the units included in the evaluation scope account for 100% of the total assets of the Company's consolidated financial statements; the total operating income accounts for 100% of the total operating income of the Company's consolidated financial statements.