Securities Code: 300852 Securities Abbreviation: Sihui Fushi Announcement No.: 2026-014
Sihui Fushi Electronic Technology Co., Ltd. Announcement on Proposed Re-appointment of Accounting Firm
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Sihui Fushi Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held the nineteenth meeting of the third Board of Directors on March 30, 2026, and deliberated and passed the "Proposal on Proposed Re-appointment of Accounting Firm." It was agreed to appoint Lixin Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Lixin Certified Public Accountants" or "Lixin") as the Company's audit institution for 2026, with a term of one year. This proposal needs to be submitted to the Company's shareholders' meeting for deliberation. The relevant matters are hereby announced as follows:
I. Basic Information of the Proposed Re-appointment of Accounting Firm
(I) Institutional 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 renowned figure in China's accounting field. 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 and held securities and futures business licenses before the implementation of the new Securities Law. It 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 had 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 in 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 annual report audit services to 770 listed companies, with audit fees of RMB 916 million. It had 102 listed company audit clients in the same industry.
- Investor Protection Capability
As of the end of 2025, Lixin had accumulated RMB 171 million in its professional liability reserve and purchased professional liability insurance with a cumulative claim limit of RMB 1.05 billion. The relevant professional liability insurance can cover civil compensation liabilities arising from audit failures.