Special Reminder
The reappointment of the accounting firm complies with the regulations set forth in the "Management Measures for the Selection of Accounting Firms by State-Owned Enterprises and Listed Companies" issued by the Ministry of Finance, the State-owned Assets Supervision and Administration Commission, and the China Securities Regulatory Commission (Cai Kuai [2023] No. 4).
AVIC Shanda High-Temperature Alloy Materials Co., Ltd. (hereinafter referred to as "the Company") held the 13th meeting of the second board of directors on April 28, 2026, where it reviewed and approved the proposal on the reappointment of the audit firm for 2026, agreeing to reappoint Lixin Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Lixin") as the Company's audit firm for the year 2026. This proposal is subject to approval by the Company's shareholders' meeting. The relevant matters are announced as follows:
I. Basic Information of the Proposed Audit Firm
(1) Firm Information
- Basic Information
Lixin was founded in 1927 in Shanghai by the accounting master Dr. Pan Xulun. It was re-established in 1986 and became the first special general partnership accounting firm to complete its restructuring in 2010. Its registered address is in Shanghai, and the chief partner is Mr. Zhu Jiandi. Lixin is a member of the international accounting network BDO and has long been engaged in securities service business. Before the implementation of the new Securities Law, it held licenses for securities and futures business, 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, with 802 certified public accountants having signed audit reports for securities service businesses. Lixin's business revenue for 2025 (unaudited) was 5 billion yuan, of which audit service revenue was 3.672 billion yuan, and securities service revenue was 1.505 billion yuan. In 2025, Lixin provided annual report audit services for 770 listed companies, with total audit fees amounting to 916 million yuan, demonstrating experience in auditing companies in various industries.