Ping An Securities Co., Ltd.
Audit Opinion on Shenzhen Topco Circuits Co., Ltd.'s 2025 Internal Control Evaluation Report
Pursuant to the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 13 - Sponsorship Business," and other relevant laws, regulations, and normative documents, Ping An Securities Co., Ltd. (hereinafter referred to as "Ping An Securities" or "Sponsor") as the continuous supervision institution for Shenzhen Topco Circuits Co., Ltd. (hereinafter referred to as "Topco Circuits," "Company," or "Listed Company"), hereby provides its audit opinion on Topco Circuits' 2025 internal control evaluation report as follows:
I. Company's Conclusion on Internal Control Evaluation
Based on the assessment of material defects in the Company's financial reporting internal controls, as of the internal control evaluation report's base date, the Company has no material defects 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 corporate internal control standard system and relevant regulations.
Based on the assessment of material defects in the Company's non-financial reporting internal controls, as of the internal control evaluation report's base date, the Company has not found any material defects in non-financial reporting internal controls.
No factors have occurred between the base date of the internal control evaluation report and the issuance date of the internal control evaluation report that affect the conclusion on the effectiveness of internal control evaluation.
II. Topco Circuits' Internal Control Evaluation Work
(I) Scope of Internal Control Evaluation
The Company determined the main entities, businesses, and matters included in the evaluation scope and high-risk areas based on a risk-oriented approach. The main entities included in the evaluation scope are:
Shenzhen Topco Circuits Co., Ltd., Heshan City Topco Xingye Circuits Co., Ltd., Juchen Circuits Co., Ltd., Juchen Electronics (Thailand) Co., Ltd., Shenzhen Topco Yingchuang Circuits Technology Co., Ltd., Juzhen Electronics Co., Ltd., Juhui Electronics Co., Ltd.
The total assets of the entities included in the evaluation scope accounted for 100.00% of the Company's consolidated financial statement assets, and the total operating income accounted for 100.00% of the Company's consolidated financial statement operating income.
The main businesses and matters included in the evaluation scope include: the Company's development strategy, organizational structure, human resources, corporate culture, internal supervision, external investment, subsidiary management, monetary fund management, asset management, procurement and payment, sales and collection, engineering projects, intelligent manufacturing, related-party transactions, guarantee business, financial reporting, contract management, and loan business.