Securities code: Shandong Dongyue Organosilicon Materials Co.Ltd(300821) securities abbreviation: Shandong Dongyue Organosilicon Materials Co.Ltd(300821) Announcement No.: 2022038 Shandong Dongyue Organosilicon Materials Co.Ltd(300821)
Announcement on changes in accounting policies of the company
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Shandong Dongyue Organosilicon Materials Co.Ltd(300821) (hereinafter referred to as "the company") held the sixth meeting of the second board of directors and the sixth meeting of the second board of supervisors on March 21, 2022, and deliberated and adopted the proposal on the change of the company's accounting policies. The specific contents are as follows:
1、 Overview of this accounting policy change:
(I) reasons for changes in accounting policies
On December 7, 2018, the Ministry of Finance issued the notice on revising and Issuing the accounting standards for Business Enterprises No. 21 - leasing (CK [2018] No. 35) (hereinafter referred to as the "new leasing standards"). According to the requirements of the Ministry of finance, the new leasing standards shall be implemented as of January 1, 2019 for enterprises listed at home and abroad and enterprises listed abroad and preparing financial statements using international financial reporting standards or accounting standards for business enterprises, and as of January 1, 2021 for other enterprises implementing accounting standards for business enterprises.
(II) accounting policies adopted before change
Before the change of accounting policies, the company implemented the accounting standards for business enterprises - basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant regulations revised and issued by the Ministry of finance.
(III) accounting policies adopted after change
After this accounting policy change, the company will implement the relevant provisions of the new leasing standards. Other unchanged parts will still be implemented in accordance with the accounting standards for business enterprises - basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation announcement of accounting standards for business enterprises and other relevant provisions issued by the Ministry of Finance in the early stage.
(IV) date of change
The company shall implement the above accounting standards for business enterprises on the starting date specified in the above documents.
2、 Main contents of this accounting policy change and its impact on the company
According to the convergence provisions of the new lease standards, the company chooses to adjust the amount of retained earnings and other relevant items in the financial statements at the beginning of the year when the new lease standards are first implemented according to the cumulative impact of the first implementation of the new lease standards. The information of the comparable period is not adjusted, which will not have a significant impact on the company's financial position, operating results and cash flow. This accounting policy change is a reasonable change made by the company in accordance with the requirements of relevant standards of the Ministry of finance, which complies with relevant regulations. The implementation of the changed accounting policy can objectively and fairly reflect the company's financial status and operating results, will not have a significant impact on the company's financial statements, and will not damage the interests of the company and shareholders.
3、 Approval procedure
On March 21, 2022, the company held the sixth meeting of the second board of directors and the sixth meeting of the second board of supervisors, deliberated and adopted the proposal on the change of the company's accounting policies, and the independent directors gave their consent. According to the relevant provisions of Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 - standardized operation of GEM listed companies, this accounting policy change belongs to the matters within the deliberation authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
4、 The board of directors' statement on the reasonableness of accounting policy changes
This accounting policy change is the corresponding change made by the company according to the requirements of the Ministry of finance, which complies with relevant regulations. The implementation of the new accounting policy can objectively and fairly reflect the company's financial status and operating results. This change will not have a significant impact on the company's total assets, total liabilities, net assets and net profits, and will not damage the interests of the company and all shareholders, especially minority shareholders.
5、 Opinions of independent directors
This accounting policy change is a reasonable change made by the company according to the requirements of relevant documents of the Ministry of finance, in line with the relevant provisions of the Ministry of finance, China Securities Regulatory Commission and Shenzhen Stock Exchange, and does not damage the interests of the company and shareholders, especially the interests of minority shareholders. The review and voting procedures of this accounting policy change comply with the provisions of relevant laws, regulations and normative documents. The independent directors unanimously agreed to the accounting policy change of the company.
6、 Opinions of the board of supervisors
This accounting policy change is a reasonable change made by the company according to the requirements of the Ministry of finance, which complies with relevant regulations. The implementation of the new accounting policy can objectively and fairly reflect the company's financial status and operating results. This change will not have a significant impact on the company's total assets, total liabilities, net assets and net profits, and will not damage the interests of the company and all shareholders, especially minority shareholders. The board of supervisors unanimously agreed to this accounting policy change proposal.
7、 Documents for future reference
1. Shandong Dongyue Organosilicon Materials Co.Ltd(300821) the resolution of the sixth meeting of the second board of directors;
2. Shandong Dongyue Organosilicon Materials Co.Ltd(300821) independent directors' independent opinions on matters related to the resolutions of the sixth meeting of the second board of directors;
3. Shandong Dongyue Organosilicon Materials Co.Ltd(300821) the resolution of the sixth meeting of the second board of supervisors.
It is hereby announced.
Shandong Dongyue Organosilicon Materials Co.Ltd(300821) board of directors March 22, 2022
