Tus Environmental Science And Technology Development Co.Ltd(000826) : Daxin Certified Public Accountants (special general partnership) replied to the second Department of listed company management of Shenzhen Stock Exchange about Tus Environmental Science And Technology Development Co.Ltd(000826) Shenzhen Stock Exchange’s concern letter: Tus Environmental Science And Technology Development Co.Ltd(000826) (hereinafter referred to as ” Tus Environmental Science And Technology Development Co.Ltd(000826) ” or “the company”) received the concern letter on Tus Environmental Science And Technology Development Co.Ltd(000826) issued by Shenzhen Stock Exchange on October 22, 2021 (company department’s concern letter (2021)) No. 354) (hereinafter referred to as “concern letter”). After receiving the letter of concern, our office and the company immediately organized relevant personnel to verify the questions raised in the letter of concern one by one and checked with relevant intermediaries. The replies to the relevant matters and questions of the letter of concern are as follows: Recently, the media released the report of Tus Environmental Science And Technology Development Co.Ltd(000826) suspected fraud: a serious false increase in several projects under construction, with a total amount of 12.7 billion yuan, It is said that several projects under construction of your company are suspected of seriously inflated assets, and three of them have not even started at all. It is reported that your company is suspected of financial fraud. Our department pays close attention to this. Please check your company and explain the following matters: 1 In the early stage, our department sent many inquiry letters and attention letters on your company’s 2020 annual report and 2021 semi annual report performance forecast, focused on the accounting and impairment process of your company’s huge losses, “construction in progress”, “accounts receivable” and other subjects, and asked your company to verify the formation process and specific project details of the construction in progress, It is also required to explain whether the provision for impairment is reasonable and sufficient and whether it matches the signs of reduction; Require your company to disclose the details of large accounts receivable and the reasons for long-term failure to recover, and the rationality of bad debt provision; It is required to explain whether your company has carried out “performance bathing” through asset impairment, and require your company’s annual audit accounting firm Daxin accounting firm (special general partnership) (hereinafter referred to as “Daxin firm”) to express special verification opinions on the above matters. Both your company and Daxin firm claim that the relevant accounting and impairment provision are sufficient and reasonable, There is no “big bath of performance”. Please further check and explain your company in combination with media reports:
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