Verification Opinion
Guolian Minsheng Securities Co., Ltd. (hereinafter referred to as "the Sponsor") is the sponsor and continuous supervision institution for the initial public offering of A-shares and listing on the Growth Enterprise Market of Xi'an Nova Star Cloud Technology Co., Ltd. (hereinafter referred to as "Nova Star Cloud" or "the Company"). In accordance with the relevant laws, regulations, and normative documents such as the "Regulations on the Management of Securities Issuance and Listing Sponsorship Business," the "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," and the "Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies," the Sponsor conducted a prudent review of the internal control evaluation report for the year 2025. The specific content is as follows:
1. Internal Control Evaluation Work Situation
(1) Scope of Internal Control Evaluation
The Company determined the main units, businesses, and high-risk areas included in the evaluation scope based on a risk-oriented principle. The units included in the evaluation scope are Xi'an Nova Star Cloud Technology Co., Ltd. and its subsidiaries within the consolidated financial statements, accounting for 100% of the total assets and total operating income of the Company’s consolidated financial statements. The main businesses and matters included in the evaluation scope are as follows:
- Five elements of internal control at the company level:
- (1) Internal Environment: This includes governance structure, organizational structure, development strategy, human resources policy, social responsibility, safety, health, environmental protection, corporate culture, internal audit, etc.
- (2) Risk Assessment
- (3) Control Activities
- (4) Information and Communication
- (5) Internal Supervision
- Specific business processes:
- (1) Financial Reporting and Information Disclosure
- (2) Fund Management
- (3) Comprehensive Budget Management
- (4) Investment and Financing Management
- (5) Procurement and Payment Management
- (6) Outsourcing Management
- (7) Sales and Collection Management
- (8) Inventory Management
- (9) Production and Cost Management
- (10) Research and Development Management
- (11) Fixed Assets and Intangible Assets Management
- (12) Human Resources Management
- (13) Contract Management
- (14) Subsidiary Management
- (15) Overall Control of Information Systems
The above-mentioned units, businesses, and matters cover the main aspects of the Company's operational management, with no significant omissions.