Shenzhen Topco Circuits Co., Ltd.
2025 Internal Control Evaluation Report
In accordance with the "Basic Norms for Enterprise Internal Control" and its supporting guidelines, as well as other internal control regulatory requirements (collectively referred to as the "Enterprise Internal Control Norms System"), and based on the internal control system and evaluation methods of Shenzhen Topco Circuits Co., Ltd. (hereinafter referred to as the "Company"), and on the basis of daily and special supervision of internal controls, we have evaluated the effectiveness of the Company's internal controls as of December 31, 2025 (the "Evaluation Date").
I. Important Statement
In accordance with the Enterprise Internal Control Norms System, the establishment, improvement, and effective implementation of internal controls, the evaluation of their effectiveness, and the truthful disclosure of the internal control evaluation report are the responsibilities of the Company's Board of Directors. The Audit Committee of the Board of Directors 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 Company's internal controls. The Company's Board of Directors, the Audit Committee of the Board of Directors, directors, and senior management guarantee that the content of this report is free from any false records, misleading statements, or material omissions, and they bear individual and joint legal responsibility for the authenticity, accuracy, and completeness of the report.
The objective of the Company's internal control is to reasonably ensure that business management is legal and compliant, assets are safe, financial reports and related information are true and complete, operating efficiency and effectiveness are improved, and development strategies are achieved. Due to the inherent limitations of internal control, it can only provide reasonable assurance for achieving these objectives. Furthermore, changes in circumstances may render internal controls 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 controls based on the results of the internal control evaluation.
II. Internal Control Evaluation Conclusion
Based on the identification of material weaknesses in the Company's financial reporting internal controls, as of the Evaluation Date, the Company has no material weaknesses in financial reporting internal controls. The Board of Directors believes that the Company has maintained effective financial reporting internal controls in all material aspects in accordance with the requirements of the Enterprise Internal Control Norms System and relevant regulations.
Based on the identification of material weaknesses in the Company's non-financial reporting internal controls, as of the Evaluation Date, the Company has found no material weaknesses in non-financial reporting internal controls.
No factors that affect the effectiveness of internal controls have occurred between the Evaluation Date and the date of issuance of this internal control evaluation report.
III. Internal Control Evaluation Work