Core Viewpoint - The company intends to appoint Zhongrui Cheng Certified Public Accountants as the new auditor for the 2025 fiscal year, replacing Zhongxing Cai Guanghua Certified Public Accountants due to the latter being under investigation by the China Securities Regulatory Commission [3][9][24]. Group 1: Appointment of New Auditor - The proposed new auditor is Zhongrui Cheng Certified Public Accountants, while the previous auditor was Zhongxing Cai Guanghua Certified Public Accountants [3][15]. - The change in auditors is prompted by the investigation of Zhongxing Cai Guanghua by the China Securities Regulatory Commission, which necessitates a smooth audit process for the 2025 fiscal year [9][24]. - The decision to dismiss Zhongxing Cai Guanghua has been communicated to them, and they have confirmed no objections to the dismissal [10][25]. Group 2: Auditor's Background - Zhongrui Cheng was established on November 8, 2019, and has 51 partners and 281 registered accountants, with 8 having signed audit reports for securities services [4][19]. - The total revenue for Zhongrui Cheng in 2024 was approximately 196.17 million yuan, with audit service revenue accounting for about 151.23 million yuan [4][19]. - Zhongrui Cheng has conducted audits for 6 listed companies in 2024, with a total audit fee of 7.16 million yuan [4][19]. Group 3: Audit Fees - The proposed audit fee for the financial statement audit is 3.38 million yuan, and for internal control audit is 945,000 yuan, totaling 4.325 million yuan, which is consistent with the previous year's audit fees [7][16][22]. Group 4: Approval Process - The audit committee of the company approved the appointment of Zhongrui Cheng during its second meeting in 2026, confirming the firm's qualifications and ability to provide independent audit services [11][26]. - The board of directors approved the proposal with a unanimous vote of 8 in favor, 0 against, and 0 abstentions [12][27]. - The appointment will take effect upon approval at the company's first extraordinary general meeting in 2026 [13][28].

Group 1 - The company, Shennong Industrial Co., Ltd., announced on January 9 that it plans to appoint Da Xin Certified Public Accountants as its financial audit and internal control audit institution for the year 2025, replacing the previously planned Zhongqin Wanxin Certified Public Accountants [1][5] - The decision to change the accounting firm comes just three months after the appointment of Zhongqin Wanxin [2] - Zhongqin Wanxin was unable to complete the audit tasks for 2025 due to heavy workload, personnel adjustments, and changes in the schedule of other projects, and they have agreed to the change [5] Group 2 - Da Xin Certified Public Accountants was established in 1985 and transformed into a special general partnership in 2012, headquartered in Beijing, and is one of the first accounting firms qualified for H-share enterprise audits [5] - As of December 31, 2025, Da Xin has 182 partners and 1,053 registered accountants, with over 500 having signed audit reports for securities services [5] - In 2024, Da Xin provided annual report audit services for 221 listed companies, with a total fee of 282 million yuan [5] - Over the past three years, Da Xin has not faced any criminal penalties, but has received 10 administrative penalties, 16 administrative regulatory measures, and 18 self-regulatory measures and disciplinary actions [5] - Among its 67 practitioners, there have been no criminal penalties, but 25 administrative penalties, 34 administrative regulatory measures, and 46 self-regulatory measures and disciplinary actions in the past three years [5]

Core Viewpoint - The company has announced a change in its signing registered accountants for the 2025 audit, with the new team consisting of Chu Shiwei, Yin Lifeng, and Fu Chen, following the adjustment of the previous accountant Wang Yushou's work arrangement [1][5]. Group 1: Change of Signing Registered Accountants - The company has appointed Chu Shiwei, Yin Lifeng, and Fu Chen as the signing registered accountants for the 2025 audit, replacing Wang Yushou due to a work arrangement adjustment [1][5]. - Chu Shiwei has been a certified public accountant since 2008 and has been involved in auditing listed companies since 2005, starting to provide audit services for the company in 2025 [2]. - Fu Chen became a certified public accountant in 2022 and began working in the auditing of listed companies in 2019, also starting to provide audit services for the company in 2025 [2]. Group 2: Integrity and Independence - Both Chu Shiwei and Fu Chen have not faced any criminal or administrative penalties, supervisory measures, or disciplinary actions in the past three years [3]. - The auditing firm and the appointed accountants comply with the ethical and independence requirements set forth in the relevant professional standards [4]. Group 3: Impact of the Change - The change in signing registered accountants is due to internal adjustments within the auditing firm, and the transition has been orderly, ensuring that it will not affect the company's 2025 financial statements and internal control audit work [5].

Core Viewpoint - The company held its 26th meeting of the 9th Board of Directors on December 3, 2025, where several key resolutions were passed, including the appointment of a new accounting firm and the cancellation of the supervisory board [1][34]. Group 1: Appointment of Accounting Firm - The Board approved the proposal to appoint Tianjian Accounting Firm as the new auditor for the fiscal year 2025, replacing Yongtuo Accounting Firm, with a unanimous vote of 9 in favor [1][39][52]. - The decision to change the accounting firm was made to better align with the company's future development needs and to meet new auditing requirements [40][50]. Group 2: Cancellation of Supervisory Board - The Board resolved to cancel the supervisory board, transferring its responsibilities to the Audit Committee of the Board, with a unanimous vote of 9 in favor [4][37][71]. - The cancellation of the supervisory board will take effect upon approval by the shareholders' meeting [71]. Group 3: Revision of Company Regulations - The Board approved the revision and establishment of several internal management systems, including rules for shareholder meetings, board meetings, and independent directors, all receiving unanimous support [6][8][12][18][22][30][73]. - These revised regulations are aimed at enhancing corporate governance and will take effect after the shareholders' meeting approval [73]. Group 4: Upcoming Shareholders' Meeting - A second extraordinary shareholders' meeting for 2025 is scheduled for December 19, 2025, to vote on the aforementioned proposals [31][54]. - The meeting will utilize both on-site and online voting methods, ensuring broader participation from shareholders [54][55].

Core Viewpoint - The company has appointed Rongcheng Accounting Firm as the auditor for its 2025 financial report and internal control audit, following approval from the 2024 annual shareholders' meeting [1]. Group 1: Appointment of Auditor - The company held its 25th meeting of the 4th Board of Directors and the 21st meeting of the 4th Supervisory Board on March 20, 2025, where it approved the proposal to continue employing Rongcheng Accounting Firm for the 2025 audit [1]. - The announcement regarding the appointment of the auditing firm was disclosed on March 22, 2025, on the Shanghai Stock Exchange website and various financial newspapers [1]. Group 2: Change of Signing Accountant - On November 25, 2025, the company received a notice from Rongcheng Accounting Firm regarding a change in the signing accountant due to the departure of the original signing accountant, Mr. Cui Guangyu [1]. - The new signing accountants are Ms. Qiang Yuemei and Mr. Ren Zhangchi, with Ms. Qi Liping as the project partner and Ms. Pang Hongmei as the quality control reviewer [1]. Group 3: Background of New Signing Accountant - Ms. Qiang Yuemei became a certified public accountant in China in 2023 and has been engaged in auditing listed companies since 2017, working at Rongcheng Accounting Firm since the same year [2]. - In the past three years, Ms. Qiang has not signed any audit reports for listed companies [2]. Group 4: Integrity and Independence - Ms. Qiang has not faced any criminal or administrative penalties, supervisory measures, or disciplinary actions in the past three years [3]. - There are no violations of the independence requirements as per the Code of Ethics for Chinese Certified Public Accountants [4]. Group 5: Transition Process - The transition process for the change of signing accountant has been orderly, and the change will not affect the company's 2025 financial report and internal control audit [5].

Group 1 - The company held its third board meeting on November 25, 2025, with all nine directors present, including one proxy [2][5] - The board approved the reappointment of Sigma Accounting Firm for the 2025 financial report and internal control audit, pending shareholder approval [3][31] - The board also proposed to purchase liability insurance for directors and senior management to enhance compliance and risk management, which will be submitted to the shareholders' meeting for approval [7][13] Group 2 - The company plans to hold the third extraordinary shareholders' meeting on December 15, 2025, to discuss the reappointment of the accounting firm and the purchase of liability insurance [10][33] - The meeting will be conducted both in-person and via online voting, with specific time slots for each [34][45] - Shareholders must register by December 5, 2025, to participate in the meeting [36][41] Group 3 - Sigma Accounting Firm, established in 2013, has a strong track record with 275 registered accountants and has provided audit services to 32 listed companies in 2024 [21][22] - The firm has a professional liability insurance coverage of 120 million yuan, ensuring adequate protection against audit failures [23] - The proposed audit fee for 2025 is capped at 3.135 million yuan, reflecting an increase due to expanded audit scope [30]

Meeting Details - The shareholder meeting was held on September 16, 2025, at 14:30 [3] - The meeting combined on-site voting and online voting [6] - A total of 505 shareholders participated, representing 1,390,303,662 shares, which is 37.1977% of the total shares [7] Voting Results - Proposal 1: Approval for the company to register and issue short-term financing bonds up to RMB 3 billion, with 99.4194% votes in favor [13][14] - Proposal 2: Reappointment of Zhongshun Zhonghuan Accounting Firm for the 2025 financial audit, with 99.4578% votes in favor [15][16] Legal Opinions - The legal opinion was provided by Beijing Zhonglun (Shenzhen) Law Firm, confirming that the meeting procedures complied with legal regulations and the company's articles of association [17][18]

Core Viewpoint - The company intends to reappoint PwC Zhongtian as its auditing firm for the fiscal year 2025, highlighting the firm's qualifications and past performance in auditing services [1][6]. Group 1: Auditing Firm Information - The proposed auditing firm is PwC Zhongtian, which was established on March 28, 1993, and has been registered as a special general partnership since December 2012 [1]. - PwC Zhongtian has a total revenue of RMB 6.319 billion for the fiscal year 2024, with auditing services generating RMB 5.770 billion and securities services contributing RMB 2.536 billion [2]. - The firm has 229 partners and 1,150 registered accountants, with 287 accountants having signed audit reports for securities services since 2013 [2]. Group 2: Client and Revenue Information - For the fiscal year 2024, PwC Zhongtian audited 29 A-share listed companies, with total audit fees amounting to RMB 8.2 million, primarily in sectors such as manufacturing, transportation, and real estate [2]. - The company has two A-share listed clients in the same industry (wholesale and retail) [2]. Group 3: Compliance and Independence - PwC Zhongtian and its personnel have not faced criminal penalties or disciplinary actions from industry associations in the past three years [3]. - The firm has maintained compliance with relevant laws and regulations, including professional insurance coverage exceeding RMB 200 million [2]. - The proposed project partners and signing accountants have no circumstances that could affect their independence [5]. Group 4: Decision-Making Process - The audit committee of the board has reviewed and approved the reappointment of PwC Zhongtian, confirming its qualifications and ability to meet the company's auditing needs [6]. - The board of directors unanimously approved the proposal to reappoint PwC Zhongtian for the fiscal year 2025 [6]. - The reappointment is subject to approval at the company's shareholders' meeting [6].

Core Points - The company has established guidelines for the upcoming shareholder meeting to ensure order and efficiency [1][2] - The company proposes to reappoint Lixin Certified Public Accountants as the auditing firm for the fiscal year 2025, with a fee not exceeding RMB 1.65 million [3][4] - The company plans to abolish the supervisory board and amend its articles of association to enhance governance, transferring supervisory powers to the audit and risk management committee [4][5] Group 1: Shareholder Meeting Guidelines - A secretariat will be set up to manage the meeting procedures [1] - Shareholders must register in advance to speak and are limited to a total speaking time of 20 minutes [1][2] - The meeting will use a named voting method for resolutions [2][3] Group 2: Auditing Firm Appointment - Lixin Certified Public Accountants will provide financial and internal control audit services for 2025 [3] - The proposed audit fee includes RMB 1.3 million for financial reporting and RMB 350,000 for internal control audits [4] Group 3: Governance Changes - The supervisory board will be abolished, and its functions will be assumed by the audit and risk management committee [4][5] - Amendments to the articles of association will reflect changes in governance structure and responsibilities [5][6]

Core Viewpoint - The company intends to reappoint Lixin Certified Public Accountants (Special General Partnership) as its auditing firm for the fiscal year 2025, pending approval from the shareholders' meeting [1][8]. Group 1: Basic Information about the Auditing Firm - Lixin Certified Public Accountants was founded in 1927 and is a member of the international accounting network BDO [1]. - As of the end of 2024, Lixin has 296 partners, 2,498 registered accountants, and a total of 10,021 employees [2]. - Lixin provided annual audit services to 693 listed companies in 2024, with audit fees totaling 854 million yuan [2]. Group 2: Financial and Legal Standing - Lixin's revenue from securities services was 1.505 billion yuan in 2024, with 367.2 million yuan earned by registered accountants who signed securities service audit reports [2]. - The firm has set aside a professional risk fund of 171 million yuan and has a cumulative compensation limit of 1.05 billion yuan for professional insurance [2]. - In the past three years, Lixin has faced five administrative penalties and 43 supervisory measures, but has not faced any criminal penalties [5]. Group 3: Audit Fee Structure - The audit fee for 2024 was set at 1.65 million yuan, which includes 1.3 million yuan for financial accounting report audits and 350,000 yuan for internal control audits [6]. - The company plans to pay Lixin a similar amount for the 2025 audit, with the final decision on any adjustments left to the company's president [7]. Group 4: Approval Process - The Audit and Risk Management Committee of the Board approved the reappointment of Lixin with a unanimous vote [7]. - The Board of Directors also approved the reappointment with a unanimous vote, and the matter will be submitted to the shareholders' meeting for final approval [8].