Board of Directors' Audit Committee 2025 Performance Report
In accordance with the "Guiding Principles for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operation of GEM Companies," the "Articles of Association," and the "Work Rules of the Board of Directors' Audit Committee," Nabaichuan New Energy Co., Ltd. (hereinafter referred to as the "Company") Board of Directors' Audit Committee diligently and prudently fulfilled its duties. The 2025 performance report is as follows:
I. Basic Information of the Audit Committee
As of the end of 2025, the Company's Board of Directors' Audit Committee comprised 3 directors, including 2 independent directors and 1 non-independent director. The chairman of the committee is Ms. Lou Hang, an independent director and a professional accountant. All members of the Audit Committee possess the professional knowledge and experience necessary to perform their duties and are capable of undertaking related work.
The main responsibilities of the Audit Committee include: supervising and evaluating the work of external auditors, and proposing the appointment or dismissal of external audit institutions; supervising and evaluating the work of internal auditors, and guiding the effective operation of the internal audit department; reviewing the Company's financial reports, and supervising the truthfulness, accuracy, and completeness of financial reports; supervising and evaluating the establishment and implementation of the Company's internal control system; and coordinating communication between management, the internal audit department, and external audit institutions.
II. Meeting Convening Situation
In 2025, the Audit Committee held 4 meetings, all of which were on-site. All committee members attended the meetings in person, with no absences. The procedures for convening the meetings complied with the provisions of the "Company Law," the "Articles of Association," and the "Work Rules of the Board of Directors' Audit Committee." The main proposals reviewed and approved by the meetings are as follows: