Securities code: Great Wall International Acg Co.Ltd(000835) securities abbreviation: ST Changdong Announcement No.: 2022032 Great Wall International Acg Co.Ltd(000835)
Announcement on uncovered losses reaching one third of the total paid in share capital
The company and all members of the board of supervisors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Great Wall International Acg Co.Ltd(000835) (hereinafter referred to as “the company”) held the first meeting of the ninth board of directors in 2022 and the first meeting of the ninth board of supervisors in 2022 respectively on March 23, 2022, and deliberated and adopted the proposal on making up losses up to one third of the total paid in share capital. The company hereby announces the specific situation as follows:
1、 Overview of the situation
According to the audit of zhongtianyun Certified Public Accountants (special general partnership), the company’s net profit attributable to shareholders of Listed Companies in 2021 was -454 million yuan. As of December 31, 2021, the outstanding loss in the consolidated financial statements was 1.455 billion yuan and the paid in share capital was 327 million yuan. The amount of outstanding loss of the company has exceeded one third of the total paid in share capital.
2、 Reasons for the company’s loss in 2021
In 2021, affected by the macro environment, overdue debts, loss of personnel and other comprehensive factors, the production and operation situation of the company is still very difficult. The main business basically stagnates and can not support the overall expenses of the company, while other newly expanded businesses have not produced obvious benefits, and the company has accrued asset impairment, resulting in operating losses. 3、 Countermeasures
In view of losses and adverse factors, the company will continue to adhere to the principle of being responsible to all shareholders, do a good job in the specific implementation of various operation and management plans, and reverse the situation of operating losses.
1. Focus on the development of main business and enhance the sustainable profitability of the company. The company will continue to focus on the development strategy for the next five years, make use of the existing management advantages, stabilize the main business of animation and games, expand the Internet data service and digital marketing business, and strictly control the cost while actively developing the market, so as to enhance and improve the sustainable operation ability and profitability of the company.
2. Improve the management system and speed up team building. Optimize business process management, strengthen business link control, establish a set of scientific and perfect operation management system, and cultivate a strong professional technical team and management team. At the same time, establish and improve the long-term incentive and restraint mechanism of the company, strengthen the construction of corporate culture, enhance the core competitiveness of the company, enhance the overall cohesion of the company, further attract more high-end talents from various business sectors, and promote the company to realize the industrial development strategy in a healthy and orderly manner.
3. Strengthen the construction of internal control and improve corporate governance. Continuously improve the operation of the company’s three meetings and one layer to ensure the scientificity and standardization of the requirements of the corporate governance system; Continuously improve the internal control system, optimize the company’s management system and improve the standardized operation level; Continuously strengthen the awareness of risk prevention and improve the standardized authorization management; Continuously strengthen risk control, give full play to the supervision functions of the audit committee and the internal audit department, and ensure the stable, healthy and sustainable development of the company.
4、 Other relevant instructions
In accordance with the relevant provisions of the company law and the articles of association, the company will convene a general meeting of shareholders to consider the matter within 2 months from the date of the occurrence of the fact that the company has not made up for its losses up to 1 / 3 of the total paid in share capital.
5、 Documents for future reference
1. Resolution of the first meeting of the ninth board of directors in 2022;
2. Resolution of the first meeting of the ninth board of supervisors in 2022.
It is hereby announced.
Great Wall International Acg Co.Ltd(000835) board of directors March 25, 2022
