About Beijing Tengxin innovative network marketing technology Co., Ltd
Letter of concern from Ltd
Gem concern letter [2022] No. 99 Beijing Tensyn Digital Marketing Technology Joint Stock Company(300392) board of directors:
According to the announcement on changing the accounting firm disclosed by your company on January 28, 2022, it is proposed to change the original annual report audit institution of 2021 Zhongxing caiguanghua accounting firm (special general partnership) (hereinafter referred to as Zhongxing caiguanghua) to Zhongxing Hua accounting firm (special general partnership) (hereinafter referred to as Zhongxing Hua). ZTE caiguanghua issued a qualified audit report on your company's 2020 financial and accounting report. Our department is concerned about this. Please verify and explain the following problems:
1. The announcement shows that ZTE caiguanghua has provided audit services for your company for many consecutive years. On May 19, 2021, your company's 2020 annual general meeting considered and approved the renewal of ZTE Caiguang Huawei's 2021 annual audit institution. Please explain whether ZTE caiguanghua has carried out pre-trial work, whether the audit scope is limited, whether there are differences between the management and ZTE caiguanghua in the early communication process on matters related to the annual audit, and whether there are other reasons or matters leading to the replacement of the audit institution of your company. Please provide ZTE caiguanghua's written statements and opinions on the above matters.
2. Please explain the planning process and specific time process of your company communicating with ZTE to undertake the audit work in 2021. Please explain whether zhongxinghua has carried out necessary communication with the former audit institution, whether it fully understands the risks faced by the company, and whether it has sufficient time to carefully design and implement audit procedures.
3. The audit committee and independent directors of your company are requested to verify the reasons for changing the audit institution of the annual report and give clear opinions.
4. The 2020 audit report shows that your company has large capital transactions with 19 units such as Tianjin Jiuzhou Hongbo International Trade Co., Ltd. the payment is paid in advance of the contract and returned after the termination of the contract. The cumulative amount of payment and return is 1.928 billion yuan, and the ending balance is 0. ZTE caiguanghua was unable to obtain sufficient and appropriate audit evidence on the actual use of the relevant funds. The reply to the inquiry letter of your company's third quarterly report shows that in 2021, your company still paid large amounts of prepayments to third parties, the balance of prepayments in the first three quarters was 545 million yuan, and some prepayments were transferred to other receivables. Please explain the ending balance of relevant prepayments and other receivables as of the end of 2021 and the recovery after the period, and explain the provision for estimated impairment and the adequacy of the provision in combination with the business essence of relevant funds, the performance ability and willingness of the counterparty.
5. The 2020 audit report shows that your company entrusted Tianjin Wanxin henghang Trading Co., Ltd. (hereinafter referred to as "Tianjin Wanxin") to collect the loan principal of RMB 300 million returned by your company to Qingdao Haoji Asset Management Co., Ltd. (hereinafter referred to as "Qingdao Haoji"), and Tianjin Wanxin failed to pay relevant funds to Qingdao Haoji as agreed in the contract, According to the agreement of the three parties, it is deemed that your company has failed to repay the relevant loans and formed the receivables of your company to Tianjin Wanxin. ZTE caiguanghua cannot judge the actual purpose of the relevant funds. Please explain the balance of the loan payable by your company to Qingdao Haoji by the end of 2021, and explain the withdrawal and sufficiency of the bad debt provision for relevant receivables in combination with the commercial essence of relevant accounts and the performance ability and willingness of Tianjin Wanxin.
Your company is requested to make a written statement on the above matters and ask the accountant to send a notice on the above matters
The relevant explanatory materials shall be submitted to the Ministry and disclosed to the public before February 11, 2022, and a copy shall be sent to the listed company supervision department 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
