Huatai United Securities Co., Ltd. Audit Opinion on Shuimian Group Co., Ltd.'s 2025 Internal Control Evaluation Report
As the sponsor of Shuimian Group Co., Ltd. (hereinafter referred to as "Shuimian Group" or "the Company") for its issuance of convertible corporate bonds to unspecified targets, Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United") has, in accordance with the requirements of the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Normative Operation of GEM Listed Companies," and other documents, conducted an audit of the relevant aspects of Shuimian Group's 2025 Internal Control Evaluation Report and hereby expresses its independent opinion as follows:
I. Shuimian Group's Internal Control Evaluation
(I) Scope of Internal Control Evaluation The scope of this internal control evaluation covers all departments of the Company's headquarters and its subsidiaries. The businesses and matters included in this evaluation scope include: organizational structure, development strategy, human resources, social responsibility, corporate culture, fund management, procurement business, asset management, contract management, seal management, external guarantees, related party transactions, financial reporting, information systems, and internal supervision. The internal controls for the aforementioned businesses and matters cover the main aspects of the Company's operational management and do not involve any significant omissions.
(II) Basis for Internal Control Evaluation The Company's Board of Directors has established an Audit Committee, and the Audit Department serves as the daily operational body of the Audit Committee, responsible for the organization and implementation of the internal control evaluation. The internal control evaluation team is composed of the Company's directors, senior management, and business backbones from functional departments. The internal control evaluation team, in accordance with the "Shuimian Group Co., Ltd. 2025 Internal Control Evaluation Plan," evaluates and summarizes the reasonableness of the design and effectiveness of the internal controls of all departments and subsidiaries within the evaluation scope, compiles internal control evaluation work papers, and prepares the internal control evaluation report for submission to the Board of Directors. The Company's internal control evaluation report is reviewed and approved by the Board of Directors meeting before being disclosed to the public. The basis for internal control evaluation is: in accordance with the requirements of the "Basic Norms for Enterprise Internal Control," "Application Guidelines for Enterprise Internal Control," and "Evaluation Guidelines for Enterprise Internal Control" jointly issued by the Ministry of Finance and other five ministries, as well as the "Company Law," "Accounting Law," "Accounting Standards for Business Enterprises," and the "Shenzhen Stock Exchange GEM Listed Company Normative Operation Guide," and other relevant laws and regulations, combined with the Company's internal control system and evaluation methods, the reasonableness of the design and effectiveness of the Company's internal control as of December 31, 2025, is evaluated based on daily supervision and special supervision of internal control.