CHIPPACKING(SH:688216) Zheng Quan Zhi Xing·2025-07-17 16:26Core Viewpoint - The article outlines the selection system for accounting firms at Qipai Technology Co., Ltd., detailing the procedures, quality requirements, and evaluation criteria for hiring auditors to ensure compliance and maintain audit quality [1][2][3]. Group 1: General Principles - The selection of accounting firms must comply with the Company Law of the People's Republic of China and relevant regulations [1]. - The selection process requires approval from the board's audit committee and must be reviewed by the board and shareholders [1][2]. - Major shareholders and actual controllers are prohibited from interfering in the selection process before board and shareholder meetings [1] Group 2: Quality Requirements - Selected accounting firms must have a good record of professional quality and meet specific qualifications as per the Securities Law [1][2]. - Firms must possess independent legal status, necessary qualifications, and a solid internal management system [1][2][3]. - The firms should be familiar with relevant financial laws and regulations and have registered accountants capable of ensuring audit quality [1][2][3]. Group 3: Selection Procedures - The audit committee is responsible for the selection process and must establish policies and procedures for hiring accounting firms [1][2][3]. - Various selection methods such as competitive negotiation, public bidding, and invitation bidding must be employed to ensure fairness [2][3]. - The selection results must be publicly disclosed, including the chosen firm and audit fees [3][4]. Group 4: Evaluation Criteria - Evaluation factors for selecting accounting firms include audit fees, qualifications, performance records, quality management, and resource allocation [4][5]. - Quality management must account for at least 40% of the evaluation score, while audit fees should not exceed 15% [4][5]. - The average audit fee of all qualified firms will serve as the benchmark for scoring [4][5]. Group 5: Contract and Reporting - The contract with the selected accounting firm is valid for one year and can be renewed based on performance evaluations [7][8]. - The audit committee must evaluate the performance of the accounting firm annually and report to the board [7][9]. - Any significant changes in audit fees or quality issues must be disclosed in the financial reports [5][9]. Group 6: Other Requirements - The company must maintain records of the selection process for at least ten years and ensure compliance with information security regulations [11][12]. - The audit committee must report any violations of the selection process that lead to serious consequences to the board [12]. - The company must disclose the service duration and fees of the accounting firm in its annual financial reports [9][12].