Securities code: 000796 securities abbreviation: Caissa Tosun Development Co.Ltd(000796) Announcement No.: 2022-006 bond Code: 112532 bond abbreviation: 17 Caesar 03
Caissa Tosun Development Co.Ltd(000796)
With regard to the rectification report on the decision of Hainan securities regulatory bureau to order the company to take corrective measures, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Caissa Tosun Development Co.Ltd(000796) (hereinafter referred to as "the company") recently received the decision on taking corrective measures against Caissa Tosun Development Co.Ltd(000796) (No. [2022] 2) (hereinafter referred to as "the decision") issued by Hainan regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as "Hainan securities regulatory bureau"), The company is required to complete the rectification of relevant problems within 30 days from the date of receiving the decision, and submit the rectification report to Hainan securities regulatory bureau. For details, see the announcement on receiving the decision of Hainan Securities Regulatory Bureau on ordering corrective measures (Announcement No.: 2022-001) disclosed by the company.
After receiving the letter of decision, the board of directors of the company attached great importance to it, immediately informed and communicated it to all directors, supervisors, senior managers and personnel of relevant departments, and held a special meeting to comprehensively sort out and analyze and discuss the problems involved in the letter of decision, At the same time, according to the requirements of the company law of the people's Republic of China, the securities law of the people's Republic of China, the measures for the administration of information disclosure of listed companies and other laws, regulations, normative documents and the articles of association, and in combination with the actual situation, formulate practical rectification plans, clarify responsibilities and implement rectification measures. The relevant information is described as follows:
1、 Rectification measures and arrangements
1. Problem Description: in 2020, the company did not make provision for impairment of Hainan Airlines Holding Co.Ltd(600221) (hereinafter referred to as "HNA Holdings") RMB 325 million prepayments, resulting in inaccurate disclosure of the company's 2020 annual report. The above-mentioned acts violate the provisions of Article 2 of the measures for the administration of information disclosure of listed companies (Order No. 40 of the CSRC).
2. Situation Description: the company's prepayment balance is mainly formed from the perspective of new business development, seizing high-quality resources related to daily operation and new product layout, combined with corresponding businesses. HNA Holdings has a pre-sale policy. The company can obtain ticket resources and discounts in advance by means of advance ticket payment, which can also reduce the cost of tourism and transportation in the future. HNA holdings entered the bankruptcy reorganization procedure on February 10, 2021. According to the reply (2021) qiongpo No. 1-64 made by the higher people's Court of Hainan Province at that time, the court agreed that HNA holdings would continue to operate during the reorganization and manage its own property and business affairs. Therefore, HNA holdings entered the bankruptcy reorganization procedure, but the aviation business would continue to operate.
In addition, the company confirmed the default loss rate of other accounts receivable and accounts receivable in combination with historical experience, considered the forward-looking information, analyzed the main changes of key driving factors related to the recovery rate, and simulated the provision for impairment of prepayment balance according to the nature of payment, the age of creditor's rights and the account migration rate of related parties in the past. The calculated result accounted for a small proportion of the net profit of the current year, There is no significant impact, which is not enough to affect the users of financial statements to make correct judgments on the financial status and operating results of the enterprise.
To sum up, the company did not make provision for impairment of advance ticket payment in 2020.
3. Rectification measures:
1) The calculation of the proportion of bad debt amount to the net profit in 2020 is not enough to affect the users of financial statements to make a correct judgment on the financial status and operating results of the enterprise. Therefore, the company will not make retroactive adjustment to the 2020 annual report, and will fully consider it in the 2021 annual report in combination with the actual declaration, confirmation and payment of creditor's rights.
2) The company invited the annual audit accountant to organize all financial personnel to carry out special training and business guidance on finance and accounting related to the accounting standards for business enterprises and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, so as to further clarify the accounting treatment norms related to business and improve the accounting level of financial personnel.
3) In order to further consolidate the foundation of financial accounting, improve the level of accounting, enhance the professional level of financial personnel, and ensure the standardization of accounting and financial management, the company will continue to improve and revise the company's financial system, continue to strengthen the construction of financial team while establishing and improving the system, and enhance the financial personnel's learning and understanding of accounting standards for business enterprises, Effectively improve the professional level of financial personnel and ensure the quality of accounting from the source.
4) In combination with the recent update of the regulatory system of listed companies, the company has organized relevant departments to study carefully, focusing on the research and discussion of matters related to the disclosure of the annual report in 2021, so as to improve the professional ability of relevant personnel and the overall quality of financial management, and strengthen the accuracy and standardization of the disclosure of annual report information. 5) Under the leadership of the board of directors and management, the company will examine and sort out the work of corporate governance, financial management and accounting, internal control and other aspects, carry out special training activities, timely improve and optimize, and effectively improve the standard operation level of the company.
4. Person in charge of rectification: Chairman and financial director
5. Rectification period: it has been completed and will continue to be standardized in the future
2、 Summary of rectification
This rectification has played an important role in the future high-quality and standardized operation of the company. Subsequently, the Finance Department of the company will further strengthen the linkage and cooperation with the business department, internal audit department and other departments, strengthen the tracking and understanding of the asset status, feed back the problems found in time and make treatment plans. At the same time, the company will take this rectification as an opportunity to strengthen the popularization and learning of relevant laws and regulations such as the company law and the securities law, comprehensively improve the corporate governance ability and operation management level, and earnestly safeguard the legitimate interests of the company and all shareholders, so as to realize the standardized, sustainable and healthy development of the company.
3、 Documents for future reference
Caissa Tosun Development Co.Ltd(000796) rectification report on the corrective measures taken by Hainan Securities Regulatory Bureau against the company
It is hereby announced.
Caissa Tosun Development Co.Ltd(000796) board of directors February 19, 2022
