Ningbo Jingzhi Technology Co., Ltd.
Report of the Board of Directors' Audit Committee on the Performance of the Accounting Firm in 2025 and Fulfillment of Supervisory Responsibilities
In accordance with 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," "Administrative Measures for the Selection of Accounting Firms by State-owned Enterprises and Listed Companies," "Shenzhen Stock Exchange Listing Company Self-regulatory Supervision Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and the "Articles of Association," etc., the Audit Committee of the Board of Directors of Ningbo Jingzhi Technology Co., Ltd. (hereinafter referred to as the "Company") has diligently and responsibly performed its duties. The following is a report on the Audit Committee's evaluation of the accounting firm's performance in 2025 and its fulfillment of supervisory responsibilities:
I. Basic Information of the Accounting Firm in 2025
Xinyi Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Xinyi") was founded by Dr. Pan Xulun, a renowned Chinese accountant, 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. Xinyi 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, possesses H-share audit qualifications, and has registered with the U.S. Public Company Accounting Oversight Board (PCAOB).
As of the end of 2025, Xinyi had 300 partners, 2,523 certified public accountants, and a total of 9,933 employees, of whom 802 certified public accountants signed audit reports for securities services.
Xinyi's business income in 2025 (unaudited) was RMB 5.00 billion, of which audit business income was RMB 3.672 billion and securities business income was RMB 1.505 billion. In 2025, Xinyi provided annual report audit services to 770 listed companies, with audit fees of RMB 0.916 billion, and served 102 listed companies in the same industry.