Fuyao Glass Audit Committee 2025 Annual Performance Report: Reappointing Ernst & Young, Strengthening Internal Control and Risk Management

Zhongfang Network Data Fuyao Glass Industry Group Co., Ltd. Board of Directors Audit Committee recently released the performance report for 2025. During the reporting period, the Committee held four meetings, reviewing and approving the company’s 2024 annual report, 2025 quarterly reports, and several other proposals, including the renewal of the auditing firm. In terms of core decisions, the Committee recommended and approved the renewal of Ernst & Young Hua Ming LLP as the company’s domestic auditor and internal control audit firm for 2025, with an audit fee of 6.11 million RMB; the renewal of Ernst & Young as the overseas auditing firm, with a fee of 1.3125 million RMB. Key data shows that in 2025, the total consulting, tax, and other service fees incurred by the company and Ernst & Young network member firms amounted to 8.3222 million RMB. In terms of supervision and evaluation, the Committee confirmed that Ernst & Young maintained independence and professionalism in its audit work and guided the company’s internal audit department in effectively carrying out its work, assessing that the company’s risk management and internal control system operates effectively. The Committee also reviewed some related party transactions and external investment matters of the company, including transactions with related parties such as Fujian Province Yaohua Industrial Village Development Co., Ltd., as well as investments in the newly established Fuyao Aluminum Parts (Chongqing) Co., Ltd., a company in South Carolina, USA, and a company in Indonesia, concluding that the relevant decision-making procedures were complete and the transactions were fair and reasonable. Additionally, the Committee led the audit department to complete the annual assessment of major shareholders’ compliance with non-compete commitments, confirming that they fully complied with the commitments in 2025. The report overall evaluated that the Committee diligently fulfilled its duties in 2025 and committed to continue performing diligently in 2026 to ensure the company’s standardized operations.

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