Securities code: Ping An Insurance (Group) Company Of China Ltd(601318) securities abbreviation: Ping An Insurance (Group) Company Of China Ltd(601318) Announcement No.: pro 2022017 Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd
Announcement of proposed employment of accounting firm in 2022
The board of directors and all directors of Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd. (hereinafter referred to as "the company" or "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:
The company intends to continue to employ Ernst & Young Huaming Certified Public Accountants (special general partnership) (hereinafter referred to as "Ernst & Young Huaming") as the company's 2022 Chinese accounting standards financial reporting audit institution, and Ernst & Young Certified Public Accountants (hereinafter referred to as "Ernst & Young Hong Kong") as the company's 2022 international financial reporting standards financial reporting audit institution (hereinafter referred to as "this renewal event").
The renewal has been deliberated and approved at the 8th meeting of the 12th board of directors held on March 17, 2022, and needs to be submitted to the general meeting of shareholders of the company for deliberation.
1、 Basic information of the accounting firm to be renewed
(I) institutional information
1. Ernst & Young Huaming
(1) Basic information
Ernst & Young Huaming was established in September 1992 and completed the localization transformation in August 2012, 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. As of 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. These listed companies are mainly engaged in manufacturing, finance, wholesale and retail, information transmission, software and information technology services, real estate, etc., of which 19 are audit clients of Listed Companies 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 accumulated compensation limit of occupational risk fund and occupational insurance already purchased by Ernst & Young Huaming 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. Ernst & Young Huaming 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.
2. Ernst & Young Hong Kong
Ernst & Young Hong Kong is a partnership firm established under the laws of Hong Kong and wholly owned by its partners. Ernst & Young Hong Kong has provided professional services such as audit, tax and consulting in Hong Kong since 1976, and provided audit services for many listed companies in Hong Kong, including banking, insurance, securities and other financial institutions. Ernst & Young Hong Kong has been a member of the Ernst & Young global network since its establishment. Like Ernst & Young Huaming, it is an independent legal entity.
From October 1, 2019, Ernst & Young Hong Kong is registered as an auditor of public interest entities under the Hong Kong Financial Reporting Bureau Ordinance. In addition, Ernst & Young Hong Kong has obtained the temporary audit business license in China with the approval of the Ministry of finance of the people's Republic of China, and is an accounting firm registered with the US PCAOB and the Japanese financial services authority to engage in relevant audit business. Ernst & Young Hong Kong purchases occupational insurance every year in accordance with relevant laws and regulations.
Since 2020, the Hong Kong Financial Reporting Bureau has conducted an annual inspection of Ernst & Young Hong Kong as the auditor of public interest entities, while before that, the Hong Kong Institute of Certified Public Accountants has conducted a similar independent inspection of Ernst & Young Hong Kong every year. The practice quality inspection in the last three years has not found any matters that have a significant impact on the audit business of Ernst & Young Hong Kong.
(II) project information
1. Basic information
Mr. Huang Yuedong, the project partner and the first signing certified public accountant, became a certified public accountant in 2000, began to engage in the audit of Listed Companies in 2004, began to practice at Ernst & Young Huaming in 1997, and provided audit services for the company since 2021; Signed / reviewed the annual reports / internal control audit reports of three domestic listed companies in the past three years, mainly involving the financial industry.
The second signing certified public accountant is Ms. Wu Cuirong, who became a certified public accountant in 2006. She began to engage in the audit of Listed Companies in 2004, began to practice at Ernst & Young Huaming in 2000 and provided audit services for the company since 2021; Signed / reviewed the annual report / internal control audit report of one domestic listed company in the past three years, mainly involving the financial industry.
The reviewer of project quality control is Mr. Fan Xun, who became a certified public accountant in 2003, began to engage in the audit of Listed Companies in 2000, began to practice at Ernst & Young Huaming in 2002, and provided audit services for the company since 2021; In the past three years, the annual reports / internal control audit reports of four domestic listed companies have been signed / reviewed, mainly involving the financial industry.
2. Integrity record
In the past three years, the project partner, the signing certified public accountant and the project quality control reviewer have not been subject to criminal punishment due to their professional behavior, administrative punishment and supervision measures by the CSRC, its dispatched offices and industry competent departments, and self-discipline supervision measures and disciplinary sanctions by self-discipline organizations such as stock exchanges and 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.
4. Audit fees
The audit service fees of Ernst & Young Huaming and Ernst & Young Hong Kong are determined according to the audit workload and the principle of fairness and reasonableness.
The audit fee of the company in 2022 is RMB 75 million (including prepaid fee and value-added tax), of which the internal control audit fee is RMB 6 million, which has little change compared with the audit fee of the previous period.
2、 Procedures to be performed by the accounting firm to be reappointed
(I) opinions of the audit and Risk Management Committee of the board of directors
The audit and Risk Management Committee of the company held a meeting on March 16, 2022 to consider the renewal, and believed that Ernst & Young Huaming and Ernst & Young Hong Kong could complete the audit work and issue objective and fair audit opinions in accordance with the audit service contract of 2021; Have the professional competence, investor protection ability, independence and good integrity required for financial audit and internal control audit. In order to ensure the continuity of audit work, the audit and risk management committee agreed to reappoint Ernst & Young Huaming and Ernst & Young Hong Kong as the company's audit institutions in 2022 to provide the company with audit services for financial statements and internal control in 2022, and agreed to submit the reappointment to the company's board of directors for deliberation.
(II) prior approval and independent opinions of independent directors
The independent directors of the company gave prior approval and agreed independent opinions on the renewal: they believe that Ernst & Young Huaming and Ernst & Young Hong Kong have the professional competence, investor protection ability, independence and good integrity to provide audit services for the company. At the same time, the performance of the review procedure of this renewal is sufficient and appropriate, and there is no situation that damages the interests of the company and shareholders. The independent directors agree to submit the renewal to the board of directors of the company for deliberation.
(III) deliberations of the board of directors
The company held the 8th meeting of the 12th board of directors on March 17, 2022, deliberated and approved the renewal, and agreed to submit the renewal to the 2021 annual general meeting of shareholders of the company for deliberation. (IV) effective date
The matter of this renewal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and effective from the date of deliberation and approval by the general meeting of shareholders of the company.
It is hereby announced.
Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd. board of directors March 17, 2022
