- Weihai Guangwei Composite Materials Co., Ltd. 2025 Annual Internal Control Self-Assessment Report
According to the provisions of the "Basic Norms for Enterprise Internal Control" and its supporting guidelines, as well as other internal control regulatory requirements, combined with the internal control system and evaluation methods of Weihai Guangwei Composite Materials Co., Ltd. (hereinafter referred to as "the Company"), we evaluated the effectiveness of the Company's internal controls as of December 31, 2025, based on daily supervision and special supervision of internal controls.
1. Important Statement
According to the regulations of the enterprise internal control normative system, it is the responsibility of the Company's board of directors to establish, improve, and effectively implement internal controls, evaluate their effectiveness, and truthfully disclose the internal control evaluation report. The audit committee supervises the establishment and implementation of internal controls by the board of directors. The management is responsible for organizing and leading the daily operation of the enterprise's 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 truthfulness, accuracy, and completeness of the report's content. The goal of the Company's internal control is 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 development strategies are promoted. Due to the inherent limitations of internal controls, they can only provide reasonable assurance for achieving the above goals. Furthermore, changes in circumstances may lead to the internal controls becoming inappropriate or reduce compliance with control policies and procedures, which carries certain risks when inferring the future effectiveness of internal controls based on evaluation results.
2. Internal Control Evaluation Work Situation
The Company's board of directors authorized the internal audit institution to be responsible for the specific organization and implementation of the internal control evaluation work, evaluating high-risk areas and units included in the evaluation scope. During the evaluation process, appropriate methods such as individual interviews, walkthrough tests, and sampling were used to widely collect evidence on whether the design and operation of the Company's internal controls were effective, truthfully fill out evaluation work papers, analyze and identify internal control deficiencies, discover shortcomings, and implement rectifications. By the end of December 2025, the internal control norms covering the Company and its 9 subsidiaries had been basically established, and the Company continued to conduct daily supervision and special inspections of various departments and the Company based on these norms. At the same time, the Company regularly reviewed and improved its internal control system based on audit results, the "Basic Norms for Enterprise Internal Control," and relevant regulatory requirements, maintaining the effectiveness of the internal control system.
- With the joint efforts of the board of directors, management, and all employees, the Company has established a relatively complete and effective internal control system in accordance with the "Basic Norms for Enterprise Internal Control" jointly issued by the Ministry of Finance and other five ministries, from the corporate governance level to various business process levels, establishing systematic internal control systems and necessary internal supervision mechanisms, providing reasonable assurance for the legal compliance of the Company's operations and management, asset security, the truthfulness and completeness of financial reports and related information, improving operational efficiency and effectiveness, and promoting the realization of the corporate development strategy.