Zheng Quan Ri Bao·2026-01-29 22:58Core Viewpoint - The report indicates that Guosen Securities, as the sponsor, conducted a thorough on-site inspection of Zhejiang Caidi Industrial Co., Ltd. (Caidi Industrial) to assess its compliance with regulations and operational status for the year 2025. Group 1: Company Governance and Internal Control - Caidi Industrial has established a relatively complete corporate governance structure, with effective implementation of its articles of association and rules for shareholder meetings, board meetings, and supervisory committees [2][3] - The internal organization and distribution of responsibilities within the company are scientifically reasonable, with clear regulations on authority, approval procedures, and corresponding responsibilities [3] Group 2: Information Disclosure - The company has fulfilled its information disclosure obligations in accordance with its articles of association and relevant regulations, ensuring that disclosures are timely, truthful, accurate, and complete, with no false records or significant omissions [4] Group 3: Independence and Related Party Transactions - The company maintains independence in its operations, with no violations regarding the appropriation of company funds by related parties, as confirmed by checks on transactions and interviews with senior management [5] Group 4: Use of Raised Funds - All funds raised from the initial public offering have been deposited into a dedicated account, with a tripartite supervision agreement signed with the bank and the sponsor [6] - The company has decided to postpone the completion of a project to March 2026 due to delays in construction, ensuring quality and safety in the project [7][8] Group 5: Related Transactions and External Guarantees - The decision-making processes for related transactions, external guarantees, and significant external investments are well-regulated, with no major violations or harm to minority shareholders' interests [9] Group 6: Operational Status - The company's operational model and environment have not undergone significant changes, and there are no abnormalities in its management status as per the latest quarterly report [10] Group 7: Conclusion of the Inspection - The sponsor believes that Caidi Industrial has complied with relevant regulations in governance, internal control, information disclosure, independence, related transactions, external guarantees, and significant investments since 2025 [14]