Guotai Junan Securities Co., Ltd.
Special Review Opinion on Shanghai Yuqinjia Technology Co., Ltd.'s 2025 Internal Control Self-Evaluation Report
As the sponsor continuously supervising Shanghai Yuqinjia Technology Co., Ltd. (hereinafter referred to as "Yuqinjia" or "the Company"), Guotai Junan Securities Co., Ltd. (hereinafter referred to as "Guotai Junan" or "the Sponsor") has, in accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," the "Shenzhen Stock Exchange Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for Operation of GEM Listed Companies," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 13 - Sponsorship Business," and the "Supervision Rules for Listed Company Fund Raising," and other laws, regulations, and normative documents, conducted a review of Yuqinjia's internal control system and related matters for 2025 and hereby expresses its independent opinion as follows:
I. Internal Control Evaluation Work
(1) Scope of Internal Control Evaluation
The Company determines the scope of evaluation for key entities, businesses, and matters, as well as high-risk areas, based on a risk-oriented approach.
Key entities included in the evaluation scope are: all departments of the Company and their wholly-owned and controlling subsidiaries. The total assets of entities included in the evaluation scope account for 100% of the Company's consolidated financial statement total assets, and their total operating income accounts for 100% of the Company's consolidated financial statement total operating income.
Key businesses and matters included in the evaluation scope include, but are not limited to, development strategy, human resources, social responsibility, corporate culture, corporate governance, organizational structure, fund activities, procurement business, asset management, sales business, production process and cost control, research and development, financial reporting, contract management, guarantee business, fund raising management, related party transactions, information systems, information disclosure, internal supervision, and control over subsidiaries.
Key high-risk areas of focus include: strategic risk, financial risk, market risk, operational risk, legal risk, and policy risk.
The entities, businesses, and matters, as well as high-risk areas, included in the evaluation scope cover the main aspects of the Company's operational management and do not involve any significant omissions.
- Construction of the Company's Internal Control System
To ensure the normal operation of the Company's business activities, protect the safety and completeness of assets, and achieve business objectives, the Company has, based on its asset structure, operating methods, the specific situation of its controlling subsidiaries, and in accordance with the "Company Law," "Accounting Law," "Enterprise Accounting Standards," "Basic Norms for Enterprise Internal Control," "Supporting Guidelines for Enterprise Internal Control," the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for Operation of GEM Listed Companies," and other relevant laws and regulations, established a relatively complete and scientific set of internal control systems, including product design and development management, procurement business management, market business management, safety production management, fixed asset management, accounting and financial management, and has continuously supplemented and improved them according to the Company's business development and changes in the operating environment.
The status of the Company's internal control system setup and execution as of December 31, 2025, is as follows:
(1) Internal Control Environment
The Company's control environment reflects the scientific nature of its governance structure and the checks and balances among its functional departments. It also fully reflects the attitude of the board of directors and management towards company control. Adhering to the philosophy of prudent, lawful, and compliant operation, the Company actively strives to create a favorable control environment, aiming to provide a broader space for the Company's development. This is mainly reflected in the following aspects: