Securities Code: 300699 Securities Abbreviation: Guangwei Composite Announcement No.: 2026-013
Weihai Guangwei Composite Materials Co., Ltd. Announcement on Re-appointment of Auditor for 2026
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Basic Information of the Proposed Re-appointment of Accounting Firm
(I) Firm Information
- Basic Information Lixin Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Lixin") was founded in Shanghai in 1927 by Dr. Pan Xulun, a prominent figure in Chinese accounting. 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. Lixin is a member of the international accounting network BDO. It has long been engaged in securities service business. Before the implementation of the new Securities Law, it held securities and futures business licenses, has H-share audit qualifications, and is registered with the Public Company Accounting Oversight Board (PCAOB) in the United States. As of the end of 2025, Lixin has 300 partners, 2,523 certified public accountants, and a total of 9,933 employees. Among them, 802 certified public accountants have signed audit reports for securities service businesses. Lixin's business revenue for 2025 (unaudited) was RMB 5.00 billion, of which audit business revenue was RMB 3.672 billion and securities business revenue was RMB 1.505 billion. In 2025, Lixin provided audit services to 770 companies, mainly in the following industries: manufacturing, information transmission, software and information technology services, scientific research and technical services, mining, wholesale and retail, construction, real estate, and production and supply of electricity, heat, gas, and water. The total audit fees were RMB 0.916 billion. It served 8 listed companies in the same industry.
- Investor Protection Capability As of the end of 2025, Lixin had accumulated a professional liability fund of RMB 0.171 billion and purchased professional liability insurance with a cumulative coverage limit of RMB 1.050 billion. This professional liability insurance can cover civil compensation liabilities arising from audit failures. Regarding civil litigation related to its practice in the past three years: