Shanghai Hongda New Material Co.Ltd(002211) “price increase” appointed Lianda as the audit institution in 2021

The annual performance of the audit institution (s0021, s0021) exploded continuously. Earlier, at the end of December last year, the company announced the termination of the cooperative relationship with notarial Tianye Certified Public Accountants (special general partnership) (hereinafter referred to as notarial Tianye) for more than 10 years, and replaced Lixin Zhonglian Certified Public Accountants (special general partnership) (hereinafter referred to as Lixin Zhonglian) as the annual audit institution in 2021. However, the above proposal to change the annual review organization was rejected by the controlling shareholders of the company at the general meeting of shareholders. As the disclosure date of the annual report is approaching, Shanghai Hongda New Material Co.Ltd(002211) has to continue to seek new audit institutions. On February 16, the company announced that Lianda Certified Public Accountants (special general partnership) (hereinafter referred to as Lianda) would be the audit institution of the company in 2021.

The reporter of the daily economic news noted that the price given by Shanghai Hongda New Material Co.Ltd(002211) this time is much higher than the annual examination fee paid to notary Tianye in the past, and is also a little higher than the annual examination fee proposed to be paid to Lixin Zhonglian by the company. For Lianda, although it is expected to obtain the “price increase” appointment of Shanghai Hongda New Material Co.Ltd(002211) , under the background of the “thunder explosion” of the private network communication business of the listed company and the company is being filed and investigated by the CSRC, the audit risk it faces cannot be underestimated.

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