Securities code: Ningxia Baofeng Energy Group Co.Ltd(600989) securities abbreviation: Ningxia Baofeng Energy Group Co.Ltd(600989) Announcement No.: 2022011
Ningxia Baofeng Energy Group Co.Ltd(600989)
Announcement on the renewal of accounting firm
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Name of the accounting firm to be employed: Ernst & Young Huaming accounting firm (special general partnership)
1、 Basic information of the accounting firm to be employed
(I) institutional information
1. Basic information. Ernst & Young Huaming Certified Public Accountants (special general partnership) (hereinafter referred to as “Ernst & Young Huaming”) was established in September 1992 and completed the localization transformation in August 2012, from a limited liability company of Sino foreign cooperation
A special general partnership firm shall be transformed into a special general partnership firm. Ernst & Young Huaming is headquartered in Beijing and its registered address is north
Room 01-12, 17th floor, Ernst & Young building, Oriental Plaza, No. 1, East Chang’an Street, Dongcheng District, Beijing. Owned by the end of 2021
There are 203 partners, and the chief partner is Mr. Mao Anning. An Yonghua Ming has always paid attention to talent training and cut
By the end of 2021, there were 1604 certified public accountants, including those with experience in securities related business services
There are more than 1300 certified public accountants in the industry, and the certified public accountants have signed the audit report of securities service business
There are more than 400 accountants. Ernst & Young Huaming’s total business revenue in 2020 was 4.76 billion yuan, including audit business
Revenue of RMB 4.589 billion (including securities business revenue of RMB 2.146 billion). A shares in 2020
There are 100 annual report audit clients of municipal companies, with a total charge of 824 million yuan. The main industries of these listed companies
It involves manufacturing, finance, wholesale and retail, information transmission, software and information technology services, real estate, etc. The company has 44 audit clients of Listed Companies in the same industry.
2. Investor protection ability. Ernst & Young Huaming has good investor protection ability and has been in accordance with relevant laws
Regulations require the purchase of occupational insurance, which covers the Beijing head office and all branches. The sum of the accrued occupational risk fund and the purchased occupational insurance cumulative compensation limit exceeds 200 million yuan. Ernst & Young Huaming has not borne any civil liability due to civil litigation related to practice in recent three years.
3. Integrity record. Ernst & Young Huaming and its employees have not been subject to any criminal punishment or administrative punishment due to their professional behavior in recent three years, as well as the self-discipline supervision measures and disciplinary sanctions of self-discipline organizations such as stock exchanges and industry associations. It has twice received the decision of warning letter measures issued by the securities regulatory authority, involving 13 employees. The aforesaid decision to issue a warning letter is a supervisory and administrative measure, not an administrative penalty. According to the provisions of relevant laws and regulations, the supervision and management measures will not affect an Yonghua ming to continue to undertake or perform securities service business and other businesses.
(II) project information
1. Basic information:
(1) The project partner is Ms. sun Fang, who became a certified public accountant in 2017, began to engage in the audit of Listed Companies in 2017, began to practice at Ernst & Young Huaming in 2003, and provided audit services for the company from 2021; Annual reports / internal control audits of two listed companies have been signed in the past three years, involving industries including chemical raw materials and chemical products manufacturing, as well as non-ferrous metal smelting and rolling processing industry.
(2) Mr. Zhao Yizhi, the reviewer of quality control, became a certified public accountant in 2002, began to engage in the audit of Listed Companies in 2002, began to practice at Ernst & Young Huaming in 1995, and provided audit services for the company from 2021; In the past three years, the annual reports / internal control audits of four listed companies have been signed / reviewed. The industries involved include power and heat production and supply industry, chemical raw materials and chemical products manufacturing industry, ferrous metal smelting and rolling processing industry, and non-ferrous metal smelting and rolling processing industry.
(3) Certified public accountant to be signed
① The first certified public accountant to be signed is the same as the project partner.
② Mr. Lu Le, the proposed second signing certified public accountant, became a certified public accountant in 2013, began to engage in the audit of Listed Companies in 2013, began to practice at Ernst & Young Huaming in 2007 and provided audit services for the company from 2019; The annual report / internal control audit of a listed company has been signed in recent three years, involving industries including chemical raw materials and chemical products manufacturing.
2. Integrity record. Project partners, signed certified public accountants and project quality control reviewers have not been subject to criminal punishment, administrative punishment, administrative supervision measures and self-discipline supervision measures in recent three years.
3. Independence. Ernst & Young Huaming, the project partner, the signing certified public accountant and the project quality control reviewer do not violate the independence requirements of the code of professional ethics for Chinese certified public accountants.
4. Audit fees. The board of directors of the company will request the general meeting of shareholders to authorize the management to determine the audit fee for 2022 according to the specific workload and market price level in 2022. The company’s audit fee in 2021 is 4.6 million yuan (including Shanghai Pudong Development Bank Co.Ltd(600000) yuan of internal control audit fee).
2、 Procedures to be performed by the accounting firm to be reappointed
(I) performance of the audit committee
After the audit by the audit committee of the company, it is considered that Ernst & Young Huaming Certified Public Accountants (special general partnership) is qualified for securities practice and has rich experience in the audit of listed companies. In the process of acting as the company’s audit institution and carrying out various special audits and financial statement audits, he adhered to the independent audit with a fair and objective attitude, better fulfilled the responsibilities and obligations of the external audit institution, and had sufficient investor protection ability The quality control reviewer and the current signing accountant have not violated the independence requirements of the code of professional ethics for Chinese certified public accountants, and have not been subject to criminal punishment, administrative punishment, administrative supervision measures and self-discipline supervision measures of the exchange in the past three years. Therefore, the board of directors agreed to reappoint Ernst & Young Huaming Certified Public Accountants (special general partnership) as the audit institution of the company in 2022.
(II) prior approval and independent opinions of independent directors
The independent directors of the company approved the renewal of Ernst & Young Huaming Certified Public Accountants (special general partnership): we carefully considered the proposal on the renewal of the company’s audit institution in 2022 and the payment of audit fees provided by the board of directors, and considered that Ernst & Young Huaming has the qualification of securities practice and rich experience in the audit of listed companies, In the process of acting as the company’s audit institution and carrying out various special audits and financial statement audits, he adhered to the independent audit with a fair and objective attitude, and better fulfilled the responsibilities and obligations of the external audit institution. We unanimously agreed to submit the proposal to the 16th meeting of the third board of directors for deliberation.
At the same time, the independent directors expressed independent opinions: Ernst & Young Huaming Certified Public Accountants (special general partnership) has the qualification of securities practice, can be diligent, honest and trustworthy in the process of practice, earnestly perform its audit responsibilities, objectively evaluate the company’s financial situation and operating results in accordance with the practice standards and ethics of certified public accountants, and independently express audit opinions.
We agreed to continue to employ an Yonghua Ming as the company’s audit institution in 2022, and agreed to request the general meeting of shareholders to authorize the management to determine its annual audit fee according to the specific workload and market price level of 2022 audit.
(III) deliberation and voting of the board of directors
The 16th meeting of the third board of directors and the 11th meeting of the third board of supervisors deliberated and adopted the proposal on renewing the appointment of audit institutions and paying audit fees in 2022.
(IV) effective date
The matter still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation, which will take effect from the date of deliberation and approval by the general meeting of shareholders.
It is hereby announced.
Ningxia Baofeng Energy Group Co.Ltd(600989) the board of directors reported the document on March 10, 2022
(I) resolutions of the 16th meeting of the third board of directors of the company
(II) prior review and independent opinions of independent directors
(III) explanatory documents on the performance of the audit committee
(IV) explanation on the basic information of the proposed accounting firm
