YAPP(SH:603013) Zheng Quan Zhi Xing·2025-04-03 09:17Company Overview - Rongshi International Financial Management Co., Ltd. was established on November 20, 2018, in Hong Kong and is a wholly-owned subsidiary of Rongshi International, controlled by the National Development Investment Corporation [1] - The registered capital of Rongshi Financial is 50 million USD, and its business scope includes financial and tax consulting, internal transfer settlement, deposit acceptance, and loan services [1] Internal Control - Rongshi Financial has established a sound corporate governance system, with the board of directors responsible for internal control implementation and daily operations [1] - The company emphasizes risk prevention and control, improving internal control processes, and clarifying responsibilities [2] Internal Control Activities - The company manages funds through a structured plan to ensure safety, liquidity, and profitability [2] - Internal accounts are used for fund settlement, ensuring the safety of transactions and protecting the rights of depositors [2] - Regular reconciliations with clients are conducted to maintain the safety of funds [2] - Rongshi Financial maintains sufficient liquidity and follows strict management protocols for loan assessments and post-loan monitoring [2] Financial Performance - As of December 31, 2024, Rongshi Financial's unaudited financial data shows total assets of 871,760.45 million CNY, net assets of 46,842.23 million CNY, and a net profit of 1,253.10 million CNY [3] Risk Management - Since its inception, Rongshi Financial has adhered to prudent management principles and has not identified significant deficiencies in its risk control systems related to finance, credit, investment, or information management [3] Company Deposits and Loans - As of December 31, 2024, the company and its subsidiaries had a deposit balance of 200,000 USD with Rongshi Financial, while the loan balance was 0 USD [4] Ongoing Risk Assessment - The company will review Rongshi Financial's financial reports biannually to assess its operational qualifications and risk status, issuing risk assessment reports in conjunction with its semi-annual and annual reports [4] Risk Assessment Opinion - Based on the analysis, the company believes that Rongshi Financial possesses valid registration documents and effectively manages financial risks, with no significant deficiencies identified in its risk management practices [4]