Letter of concern about Gi Technologies Group Co.Ltd(300309)
Gem concern letter [2022] No. 90 Gi Technologies Group Co.Ltd(300309) board of directors:
According to the performance forecast for 2021 disclosed by your company on the evening of January 26, 2022, your company is expected to have a loss of 90 million yuan to 105 million yuan and an operating income of 85 million yuan to 105 million yuan in 2021. Your company claims that due to the covid-19 epidemic and the obstruction of debtors and other factors, the disposal progress of underlying assets was delayed, the liquidity decreased, the company carefully accrued the impairment of various assets such as creditor’s rights, increased financial expenses, and accrued legal compensation obligations, which comprehensively led to the performance loss of the company during the reporting period. Our department is concerned about this. Please verify and explain the following matters:
1. Please explain the specific assets involved in the creditor’s rights in hand, and explain the specific time point of the impairment signs in combination with the underlying asset status and recovery of your company’s relevant creditor’s rights, whether the provision for impairment in the previous period is sufficient, the amount range, basis and rationality of the provision for impairment in the current period, and whether there is a situation of adjusting profits through the provision for impairment.
2. The performance forecast for 2021 shows that during the reporting period, 142 million yuan of legal compensation obligations were accrued according to the court’s ruling. Please supplement the details of estimated liabilities, the basis and sufficiency of accrual, and the specific accounting treatment of accrual of estimated liabilities.
3. Please explain whether the deduction of the company’s operating income complies with the provisions of section 3, Chapter 1 of the guide for self discipline supervision of companies listed on GEM No. 1 – business handling.
4. Other matters that your company deems necessary to explain.
Please make a written statement on the above matters, submit the relevant explanatory materials to our department and disclose them to the public before February 11, 2022, and send a copy to the listed company supervision division of Beijing Securities Regulatory Bureau.
At the same time, remind your company that listed companies must earnestly and timely fulfill the obligation of information disclosure in accordance with national laws and regulations and the Shenzhen Stock Exchange GEM Listing Rules. All members of the board of directors of a listed company must ensure that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint liabilities for their guarantee.
This is to inform you.
Gem company management department
January 29, 2022
