Ningbo Jiangfeng Electronic Materials Co., Ltd. To all shareholders of Ningbo Jiangfeng Electronic Materials Co., Ltd.: In accordance with 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"), and in conjunction with Ningbo Jiangfeng Electronic Materials Co., Ltd.'s (hereinafter referred to as the "Company") internal control system and evaluation methods, based on daily and special supervision of internal control, we have evaluated the effectiveness of the Company's internal control as of December 31, 2025 (the benchmark date for the internal control evaluation report).
I. Important Statement In accordance with the Enterprise Internal Control Normative System, it is the responsibility of the Company's Board of Directors to establish, improve, and effectively implement internal control, evaluate its effectiveness, and disclose the internal control evaluation report truthfully. The Audit Committee of the Board of Directors supervises the establishment and implementation of internal control by the Board of Directors. The management is responsible for organizing and leading the daily operation of the Company's internal control. The Company's Board of Directors, the Audit Committee of the Board of Directors, directors, and senior management guarantee that this report contains no false records, misleading statements, or material omissions, and assume individual and joint legal liability for the truthfulness, accuracy, and completeness of the report's content. The objective of the Company's internal control is to reasonably ensure that business operations are legal and compliant, assets are secure, financial reports and related information are true and complete, and to improve operational efficiency and effectiveness, thereby promoting the achievement of development strategies. Due to the inherent limitations of internal control, it can only provide reasonable assurance for the achievement of these objectives. Furthermore, changes in circumstances may render internal control inappropriate, or reduce the degree of compliance with control policies and procedures, and there is a certain risk in inferring the future effectiveness of internal control based on the results of the internal control evaluation.
II. Conclusion of Internal Control Evaluation Based on the determination of material weaknesses in the Company's financial reporting internal control, as of the benchmark date of the internal control evaluation report, there are no material weaknesses in financial reporting internal control. The Board of Directors believes that the Company has maintained effective financial reporting internal control in all material aspects in accordance with the requirements of the Enterprise Internal Control Normative System and relevant regulations. Based on the determination of material weaknesses in the Company's non-financial reporting internal control, as of the benchmark date of the internal control evaluation report, the Company has not found any material weaknesses in non-financial reporting internal control. No factors have occurred between the benchmark date of the internal control evaluation report and the issuance date of the internal control evaluation report that have affected the conclusion of the internal control effectiveness evaluation.