Securities code: Shanghai Action Education Technology Co.Ltd(605098) securities abbreviation: Shanghai Action Education Technology Co.Ltd(605098) Announcement No.: 2022007 Shanghai Action Education Technology Co.Ltd(605098)
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 accounting firm to be renewed: Ernst & Young Huaming certified public accountants Co., Ltd. (special general partnership)
Proposed internal control audit institution: Ernst & Young Huaming certified public accountants Co., Ltd. (special general partnership)
1、 Basic information of the accounting firm to be employed (I) institutional information 1 essential information
Ernst & Young Huaming Certified Public Accountants (special general partnership), hereinafter referred to as “Ernst & Young Huaming”, was established in September 1992, completed the localization transformation in August 2012, and transformed from a Sino foreign cooperative limited liability firm to a special general partnership firm. Ernst & Young Huaming is headquartered in Beijing and its registered address is room 01-12, 17th floor, Ernst & Young building, Oriental Plaza, No. 1, East Chang’an Street, Dongcheng District, Beijing. By the end of 2021, it has 203 partners, and the chief partner is Mr. Mao Anning.
An Yonghua Ming has always paid attention to talent training. By the end of 2021, it has 1604 certified public accountants, including more than 1300 certified public accountants with experience in securities related business services, and more than 400 certified public accountants who have signed the audit report of securities service business.
The total business income of Ernst & Young Huaming in 2020 was RMB 4.76 billion, including audit business income of RMB 4.589 billion (including securities business income of RMB 2.146 billion).
In 2020, there were 100 annual report audit clients of A-share listed companies, with a total charge of RMB 824 million. The main industries of these listed companies involve manufacturing, finance, wholesale and retail, information transmission, software and information technology services, real estate, etc. The company has one audit client of a listed company in the same industry.
2. Investor protection ability
Ernst & Young Huaming has good investor protection ability, and has withdrawn occupational risk fund and purchased occupational insurance in accordance with relevant laws and regulations, covering 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 member information 1 essential information
Mr. Bao Xiaogang, the project partner and the first signing certified public accountant, began to engage in the audit of Listed Companies in 2005, began to practice at Ernst & Young Huaming in 2005, became a certified public accountant in China in 2007, and began to provide audit services for the company in 2018; Annual reports / internal control audits of four listed companies have been signed in the past three years, involving industries including education and manufacturing.
Mr. Ernst & Young became a certified public accountant of the company in 2012 and began to provide audit services for the company in 2018; The annual report / internal control audit of a listed company has been signed in the past three years, including the education industry.
Ms. Wang Yang, the reviewer of project quality control, began to audit listed companies in 1993, became a certified public accountant in 1994, began to practice at Ernst & Young Huaming in 2008 and provided audit services for the company in 2018; In the past three years, the annual reports / internal control audits of five listed companies have been signed / reviewed, involving industries such as education, wholesale and retail, manufacturing, information transmission, software and information technology services. 2. Integrity record
Mr. Bao Xiaogang, the project partner and the first signing certified public accountant, Mr. Shi Yi, the second signing certified public accountant and Ms. Wang Yang, the reviewer of project quality control, have not been subject to criminal punishment for their professional behavior in recent three years, and have been subject to administrative punishment, supervision and management measures by the CSRC, its dispatched offices and industry competent departments, as well as securities trading places Self regulatory measures and disciplinary actions of self regulatory organizations such as industry associations. 3. Independence
Ernst & Young Huaming and the above project partners, signing certified public accountants and project quality control reviewers do not violate the independence requirements of the code of professional ethics for Chinese certified public accountants. (III) audit fees
The total audit expenses of the company in 2021 are RMB 1.88 million. The board of directors of the company requests the general meeting of shareholders to authorize the management of the company to negotiate with Ernst & Young Huaming to determine the relevant audit fees in 2022 according to the specific workload and market price level of the audit.
2、 Procedures to be performed by the accounting firm to be reappointed
(I) opinions of the audit committee of the board of directors
After carefully reviewing the relevant materials, the audit committee of the board of directors has fully investigated and reviewed the professional competence, investor protection ability, independence and integrity of Ernst & Young Huaming Certified Public Accountants (special general partnership), and believes that Ernst & Young Huaming Certified Public Accountants (special general partnership) has the professional ability of audit, In providing audit services in 2021, the company can adhere to the independent, objective and fair practice standards, and the audit report issued for the company objectively and fairly reflects the company’s financial status and operating results. Agree to continue to appoint Ernst & Young Huaming Certified Public Accountants (special general partnership) as the audit institution of the company’s financial report in 2022, and appoint it as the internal control audit institution in 2022, and submit this proposal to the board of directors for deliberation.
(II) prior approval opinions of independent directors
The independent directors of the company believe that Ernst & Young Huaming Certified Public Accountants (special general partnership) can abide by the independent audit standards of certified public accountants, perform the audit duties diligently, express the audit opinions objectively and notarially, and better perform the responsibilities and obligations of the audit institution. The reason why the company intends to renew the employment of Ernst & Young Huaming Certified Public Accountants (special general partnership) is reasonable, and there is no situation that damages the interests of the company and all shareholders. In order to ensure the stability and continuity of the company’s audit work, we unanimously agreed to submit the proposal on employing the company’s audit institution in 2022 to the fifth meeting of the Fourth Board of directors for deliberation. (III) independent opinions of independent directors
After review, the independent directors of the company believe that Ernst & Young Huaming Certified Public Accountants (special general partnership) can abide by the independent audit standards for certified public accountants, perform audit duties diligently, express audit opinions objectively and notarially, and better fulfill the responsibilities and obligations of the audit institution.
The reason why the company intends to renew the employment of Ernst & Young Huaming Certified Public Accountants (special general partnership) is reasonable, and there is no situation that damages the interests of the company and all shareholders. In order to ensure the stability and continuity of the company’s audit work, it is agreed to reappoint him as the audit institution of 2022 and appoint him as the internal control audit institution of 2022. It is agreed to submit the proposal to the general meeting of shareholders for deliberation.
(III) deliberation and voting of the board of directors on the proposals related to the appointment of accounting firms
The company held the fifth meeting of the Fourth Board of directors on March 15, 2022, deliberated and approved the proposal on employing the company’s 2022 audit institution, and agreed to renew the appointment of Ernst & Young Huaming Certified Public Accountants (special general partnership) as the company’s 2022 financial audit institution, and at the same time, appoint it as the 2022 internal control audit institution for one year.
Voting results: 7 in favor, 0 abstention and 0 against
(IV) the appointment of an accounting firm needs to be submitted to the general meeting of shareholders of the company for deliberation, and will take effect from the date of deliberation and approval by the general meeting of shareholders of the company.
It is hereby announced.
Shanghai Action Education Technology Co.Ltd(605098) board of directors March 17, 2022
