Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (the “Company”) has issued its “Rules of Procedures of the Audit Committee of the Board of Directors,” dated February 2026. The document sets forth requirements on the committee’s composition, responsibilities, meeting procedures, and supervisory functions over the Company’s internal and external audits.

The announcement highlights that the Audit Committee comprises three non-executive directors, the majority of whom are independent. An accounting professional among these independent directors convenes and presides over meetings, focusing on areas such as appointment or reappointment of external auditors, oversight of internal audits, review of financial statements, and evaluation of risk management and internal control systems. The committee is tasked with reviewing the integrity and compliance of the Company’s financial statements, along with ensuring that sufficient resources and controls are in place for accurate financial reporting.

In addition to providing oversight, the committee coordinates with the Company’s internal audit department to review major findings, supervise any significant audit issues, and track progress on remediation measures. The procedures also call for regular meetings that address matters including financial disclosures, connected transactions, and internal control evaluations. Enhanced transparency is intended through documentation of discussion points, decisions, and resolutions, all of which are reported to the Board after each meeting. The document takes effect upon the date the Company’s H shares are filed with the China Securities Regulatory Commission and listed on The Stock Exchange of Hong Kong Limited.