Guangdong Guanghong Holdings Co.Ltd(000529) the explanation of the board of directors on the rationality of accounting policy change is in accordance with the relevant provisions of relevant laws, regulations and rules such as the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, stock listing rules and Guangdong Guanghong Holdings Co.Ltd(000529) articles of association, We have carefully reviewed the proposal on the change of the company’s accounting policies deliberated at the fourth extraordinary board meeting in 2021, and now express the following opinions on this matter:
The board of directors of the company believes that the follow-up measurement of the company’s investment real estate using the fair value model is reasonable and operable, and the change of the company’s accounting policies complies with the relevant provisions of accounting standards for Business Enterprises No. 3 – investment real estate and accounting standards for Business Enterprises No. 28 – changes in accounting policies, accounting estimates and error correction, The changed accounting policy can provide more reliable accounting information, help to more objectively and fairly reflect the company’s financial situation, comply with relevant regulations and the actual situation of the company, and there is no damage to the interests of the company and minority shareholders. We agree to the change of accounting policy.
Guangdong Guanghong Holdings Co.Ltd(000529) board of directors December 14, 2021 (there is no text on this page, which is the signature page of Guangdong Guanghong Holdings Co.Ltd(000529) board of directors’ explanation on the rationality of accounting policy change)
Signatures of directors attending the meeting:
Cai Biao, Gao Hongbo, Miao Anmin
Huang Wanxing, Xia Bin, Li Shenglan
Guo tianwu, Hu Zhiyong
