Yantai Zhenghai Bio-tech Co., Ltd. Announcement on Re-engaging 2026 Annual Audit Firm
The Company and all members of the Board of Directors guarantee the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Yantai Zhenghai Bio-tech Co., Ltd. (hereinafter referred to as the "Company") held the tenth meeting of the Fourth Board of Directors on March 29, 2026, and approved the "Proposal on Re-engaging the 2026 Annual Audit Firm". It is proposed to re-engage Tianzhi International Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Tianzhi International") as the Company's 2026 annual audit firm, and this proposal will be submitted to the Company's shareholders' meeting for consideration. The relevant matters are hereby announced as follows:
I. Explanation of the Matter of Re-engaging the Accounting Firm
(I) Firm Information
- Basic Information
Tianzhi International Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Tianzhi International") was founded in December 1988, with its headquarters in Beijing. It is a large-scale comprehensive consulting firm specializing in audit and attestation, capital market services, management consulting, government consulting, tax services, legal and liquidation, and information technology consulting, engineering consulting, and enterprise valuation. The chief partner is Qiu Jingzhi. Its registered address is located in Area A-1 and Area A-5, Building 68, No. 19 Chegongzhuang West Road, Haidian District, Beijing. Its organizational form is a special general partnership.
Tianzhi International has obtained a practicing certificate issued by the Beijing Municipal Finance Bureau. It is one of the first batch of Chinese accounting firms to obtain qualifications for securities and futures related businesses, approved to engage in audit services for large state-owned enterprises, obtain financial audit qualifications, obtain accounting judicial appraisal business qualifications, and obtain security and confidentiality qualifications for consulting services for military-related secret businesses, among other highest practicing qualifications managed by the state. It is also registered with the PCAOB in the United States. Tianzhi International has been engaged in securities service business for more than twenty years.
As of December 31, 2024, Tianzhi International had 90 partners and 1,097 certified public accountants, of whom 399 signed audit reports for listed companies.
Tianzhi International's audited total revenue in 2024 was RMB 2.501 billion, with audit service revenue of RMB 1.938 billion.