According to the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Corporate Governance Guidelines for Listed Companies," "Measures for the Selection of Accountant Firms by State-owned Enterprises and Listed Companies," "Shenzhen Stock Exchange Listing Rules for GEM Companies No. 2 - Standardized Operation of GEM Listed Companies," "Shenzhen Bingchuan Network Co., Ltd. Board of Directors' Audit Committee Implementation Rules," and the "Articles of Association," among other relevant regulations and requirements, the Audit Committee of the Board of Directors of Shenzhen Bingchuan Network Co., Ltd. (hereinafter referred to as the "Company") has diligently performed its duties, fully leveraging the professional functions and supervisory role of the Audit Committee. The following is a report on the Audit Committee's supervision of the accountant firm's performance:
I. Basic Information of the Accountant Firm for the 2025 Annual Audit
(I) Basic Information of the Accountant Firm Rui Cheng Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Rui Cheng CPA") was formerly known as Huapu Tianjian Certified Public Accountants (Special General Partnership). It was initially established in August 1988 and was restructured into a special general partnership on December 10, 2013. It is one of the earliest accounting firms approved to engage in securities service business in China and has long been engaged in securities service business. Its registered address is Floors 1001-1 to 1001-26, Building 1, No. 22 Fuchengmen Outer Street, Xicheng District, Beijing. The chief partner is Liu Wei.
(II) Procedures for Appointing the Accountant Firm The Company held the sixth meeting of the fifth Board of Directors and the fifth meeting of the fifth Supervisory Board on April 20, 2025, and the 2024 Annual General Meeting on May 16, 2025. The proposal "Proposal on Re-appointing the 2025 Audit Institution" was deliberated and approved, agreeing to appoint Rui Cheng CPA as the Company's 2025 audit institution. The term of appointment is one year, effective from the date of approval by the Company's general meeting of shareholders.
II. Performance of the Accountant Firm for the 2025 Annual Audit