Zhejiang Meorient Commerce & Exhibition Inc(300795)
Work report of the board of directors in 2021
During the reporting period, based on the principle of being responsible to the public shareholders and the company, the board of directors effectively carried out various work around the annual production and operation objectives of the company in strict accordance with the relevant provisions of the company law, the securities law, the articles of association and the rules of procedure of the board of directors. With the attitude of being responsible to shareholders, all directors of the company earnestly performed the duties entrusted by the general meeting of shareholders, continued to standardize corporate governance, performed various works with due diligence and diligence, and safeguarded the rights and interests of the company and shareholders. The work report of the board of directors in 2021 is as follows:
1、 Operation in 2021
In 2021, the company actively implemented the strategic deployment of the board of directors and promoted all work in strict accordance with the annual business plan. During the reporting period, the company achieved an operating revenue of 181640900 yuan, a year-on-year increase of 92.51%; The operating income after deduction was 181640900 yuan, a year-on-year increase of 92.51%; The total profit was -680813 million yuan, a year-on-year increase of 16.74%; After deducting non recurring profits and losses, the net profit attributable to common shareholders of the company was -535309 million yuan, a year-on-year increase of 14.53%; The total assets of the company were 5228834 million yuan, a year-on-year decrease of 1.45%; The owner’s equity attributable to the shareholders of the listed company was 383969100 yuan, a year-on-year decrease of 11.54%. See the company’s 2021 annual report for specific operation.
2、 Work of the board of directors in 2021
During the reporting period, the board of directors of the company held 6 meetings of the board of directors. The specific contents are as follows:
No. time meeting name deliberation
1. Proposal on the company’s plan to invest and establish a wholly-owned subsidiary
The 4th session of the board of directors in February 2021 2. Proposal on the change of the plan for some senior managers to increase their shares in the company at the 16th meeting on January 8
3. Proposal on holding the first extraordinary general meeting of shareholders in 2021
1. Proposal on 2020 general manager’s work report
2. Proposal on the work report of the board of directors in 2020
3. Proposal on 2020 financial final accounts report
4. Proposal on 2020 annual audit report
The 4th board of directors in April 2021 5. Proposal on 2020 annual report and its summary
The 17th meeting on February 23 6. Proposal on the company’s profit distribution plan in 2020
7. Proposal on the use of idle raised funds for cash management 8. Proposal on the special audit report on the summary of non operating fund occupation and other related fund transactions
9. Proposal on special report on annual deposit and use of raised funds
10. Proposal on self-evaluation report of internal control in 202011. Proposal on the company and its wholly-owned subsidiaries applying for comprehensive credit from banks
12. Proposal on re employment of accounting firm
13. Proposal on carrying out forward foreign exchange settlement and sales business
14. Proposal on using idle self owned funds for cash management 15. Proposal on canceling some granted but not vested restricted shares
16. Proposal on convening the 2020 annual general meeting of shareholders
17. Proposal on the first quarter report of 2021
1. Proposal on the prediction of the company’s daily connected transactions in 2021
2. Proposal on the company’s 2021 restricted stock incentive plan (Draft) and its summary
3. Proposal on the management measures for the implementation and assessment of the company’s restricted stock incentive plan in 2021
3. The 4th board of directors in August 2021 4. Proposal on submitting the general meeting of shareholders to authorize the board of directors to handle matters related to the annual restricted stock incentive plan of the 18th meeting of the company on August 10, 2021
5. Proposal on the company’s foreign investment
6. Proposal on Amending the articles of Association
7. Proposal on formulating relevant systems of the company
8. Proposal on appointment of securities affairs representative
9. Proposal on convening the second extraordinary general meeting of shareholders in 2021
1. Proposal on 2021 semi annual report and its summary
4. The 4th board of directors in August 2021 2. Proposal on the 19th Meeting on the deposit and use of raised funds in the first half of 2021 on August 17
3. Proposal on the appointment of senior managers of the company
1. Proposal on adjusting the incentive plan of restricted stocks in 2021 5 items of the 4th board of directors in September 2021
The 20th meeting on June 24 2. Proposal on granting restricted shares to the incentive objects of the company’s restricted stock incentive plan in 2021 for the first time
1. Proposal on the third quarter report of the company in 2021
2. Proposal on the postponement of some investment projects with raised funds of the company, the 4th board of directors in 2021 3. Proposal on Amending the articles of Association
6. The 21st Meeting on October 24 4. Proposal on the company’s plan to publicly delist and acquire 60% equity of China Textile advertising Exhibition Co., Ltd
5. Proposal on proposed sale of stock assets
6. Proposal on convening the third extraordinary general meeting of shareholders in 2021
3、 Daily operation of the board of directors (I) convening of the board of directors
During the reporting period, the board of directors of the company held 6 meetings, including 7 board members, including 3 independent directors, who attended all the meetings of the board of directors in person and raised no objection to the proposal submitted to the board of directors for deliberation.
All directors of the board of directors are diligent and conscientious, and earnestly perform the duties entrusted by the company law and the articles of association.
(II) implementation of resolutions of the general meeting of shareholders by the board of directors
During the reporting period, the company held four general meetings of shareholders. The board of directors of the company performed its duties in accordance with the company law, the securities law and other laws and regulations and the articles of association, strictly followed the resolutions and authorizations of the general meeting of shareholders, earnestly implemented various proposals considered and approved by the general meeting of shareholders, and ensured the full implementation of various proposals to protect the legitimate rights and interests of shareholders. The details are as follows:
No. time meeting name deliberation
1 2021 2 for the first time in 2021 1 1. Proposal of the extraordinary general meeting of shareholders on June 26 on the change of the plan for some senior managers to increase their shares in the company
1. Proposal on the work report of the board of supervisors in 2020
2. Proposal on the work report of the board of directors in 2020
3. Proposal on 2020 financial final accounts report
4. Proposal on 2020 annual audit report
5. Proposal on 2020 annual report and its summary
6. Proposal on the company’s profit distribution plan in 2020
May 20212020 annual shares 7. Proposal on cash management with idle raised funds
February 18 East Conference 8. Proposal on the special audit report on the summary of non operating fund occupation and other related fund transactions
9. Proposal on special report on annual deposit and use of raised funds
10. Proposal on self-evaluation report of internal control in 202011. Proposal on renewing the appointment of accounting firms
12. Proposal on carrying out forward foreign exchange settlement and sales business
13. Proposal on using idle self owned funds for cash management
1. Proposal on the company’s 2021 restricted stock incentive plan (Draft) and its summary
2. Proposal on the second management measures for the implementation and assessment of the company’s restricted stock incentive plan in 2021 3 2021 8 2021
March 26 extraordinary general meeting of shareholders 3. Proposal for the general meeting of shareholders to authorize the board of directors to handle the company’s 2021 deadline
