As required by the Quality Management Standard for Accounting Firms No. 5101 issued by the Ministry of Finance (MOF) of the People’s Republic of China (“5101”), Ernst & Young Hua Ming LLP (the “Firm” or “EY Hua Ming”) has responsibility to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements performed by the Firm, which provides the Firm with reasonable assurance that:

a) The Firm and its personnel fulfill their responsibilities in accordance with professional standards and applicable legal and regulatory requirements, and conduct engagements in accordance with such standards and requirements; and

b) Engagement reports issued by the Firm or engagement partners are appropriate in the circumstances.

As a member firm of EY Network, EY Hua Ming has also complied with the requirements of International Standard on Quality Management (ISQM 1) issued by the International Auditing and Assurance Standards Board (IAASB).

EY Hua Ming has implemented and is committed to improving the system of quality management. We have performed monitoring activities and tests of controls to support the annual evaluation conclusion.

Based on the annual evaluation of the Firm as of 30 June 2023, the system of quality management provides reasonable assurance that the objectives of the system of quality management are being achieved.