CHONGQING M&E (02722) has appointed CSTC Zhonghuan Consulting Co., Ltd. and CSTC Zhonghuan Consulting Co., Ltd. Hong Kong as its auditors.

Chongqing M&E (02722) announced that according to the "Rules for the Management of Financial Final Audit of Municipal State-owned Enterprises" (Yuguozi Fa [2024] No. 17) issued by the Chongqing State-owned Assets Supervision and Administration Commission, an accounting firm shall not continuously undertake the financial final audit of the same enterprise for more than 8 years. Ernst & Young Hua Ming LLP has been providing auditing services to the company since 2018, and after completing the audit work for the year 2025, the maximum service term has been reached, thus mandatory rotation is required. Ernst & Young will no longer serve as the auditor of the company from the date when the audit for the year 2025 is officially completed and the company's 2025 annual report is published. Therefore, the company must change its accounting firm in the year 2026. In accordance with the company's articles of association, the board of directors convened the first meeting of the seventh board of directors on March 20, 2026, after obtaining the recommendation and advice of the audit committee. At the meeting, all directors deliberated and unanimously passed a resolution to hire Zhongshenzhen Accounting Firm (Special General Partnership) as the company's annual domestic financial and internal control audit agency, and Zhongshenzhen (Hong Kong) Fuxin Accounting Firm Ltd. as the company's annual overseas auditor, for a term of one year, with a total audit fee of RMB 2.2 million. The appointment is subject to approval by the company's shareholders at the annual general meeting scheduled for the year 2025.