Report of the board of supervisors in 2021
In 2021, the board of supervisors of the company conscientiously performed its duties in strict accordance with the company law, the securities law, the guidelines for the governance of listed companies and other laws and regulations and the articles of association, and comprehensively supervised the company’s decision-making procedures, operation and management, financial status, performance of directors and senior managers, so as to effectively safeguard the legitimate rights and interests of the company and shareholders. The main work reports are as follows: I. performance of the board of supervisors
In 2021, the board of supervisors of the company fully performed its duties by holding meetings of the board of supervisors, attending the general meeting of shareholders, the board of directors, the Party committee and the president’s office meeting as nonvoting delegates. A total of four meetings of the board of supervisors were held throughout the year, as follows:
(I) on March 24, 2021, the 10th board of supervisors of the company held its ninth meeting and deliberated and adopted the following proposals:
1. Full text and summary of the company’s 2020 Annual Report
2. Report of the board of supervisors in 2020
3. 2020 profit distribution plan of the company
4. Proposal on the company’s accrual of credit impairment loss and asset impairment loss in 2020 5 Internal control evaluation report of the company in 2020
6. Proposal on the company’s expected daily related party transactions in 2021
(II) on April 28, 2021, the 10th board of supervisors of the company held its 10th meeting, deliberated and adopted the following proposals:
1. Report of the company for the first quarter of 2021
2. Proposal on the change of the company’s accounting policies
(III) on August 19, 2021, the 10th board of supervisors of the company held the 11th meeting, deliberated and adopted the following proposals:
1. Semi annual report of the company in 2021
2. Proposal on the company’s provision for credit impairment loss and asset impairment loss in the half year of 2021
(IV) on October 28, 2021, the 12th meeting of the 10th board of supervisors of the company was held, and the following proposals were considered and adopted:
1. Report of the company for the third quarter of 2021
2. Proposal on withdrawing credit impairment loss and asset impairment loss in the first three quarters of 2021
3. Proposal on reappointment of the company’s audit institution in 2021
4. Proposal on reappointment of the company’s internal control audit institution in 2021
2、 Supervision and inspection of the board of supervisors on the company
Based on the attitude of being responsible to the company and shareholders, the board of supervisors of the company earnestly performed various supervision duties, carefully inspected and supervised the standardized operation, finance, investment, related party transactions and insider information management of the company according to law, and urged the company to standardize the operation according to law. The details are as follows:
(I) legal operation of the company
The board of directors and senior executives of the company are careful, diligent and responsible, the decision-making is scientific and reasonable, the decision-making procedures are legal, the internal control system is relatively sound and implemented, and have made unremitting efforts to promote the transformation and upgrading of the company and promote the sustainable and healthy development of the company. When performing their duties, the directors and senior executives of the company did not violate the provisions of laws and regulations and the articles of association, nor did they damage the interests of the company and shareholders.
(II) financial situation of the company
The board of supervisors carefully reviewed the regular financial statements and notes, focusing on the authenticity, integrity, legality and compliance of accounting materials. The company’s accounting policies are properly selected, the accounting estimates are reasonable, and the accounting is standardized. The regular reporting procedures prepared and reviewed by the board of directors comply with the provisions of laws, regulations and normative documents. The contents of the report truly, accurately and completely reflect the actual situation of the company, and there are no false records, misleading statements or major omissions.
(III) investment of the company
The investment matters are in line with the company’s development strategy. The board of directors and the management have fulfilled the obligation of diligence and responsibility in the decision-making process, the decision-making procedures are legal and compliant, and have fulfilled the obligation of information disclosure in a timely manner.
(IV) guarantee provided by the company
The company’s external guarantee matters are strictly in accordance with the relevant provisions of the review procedures and information disclosure obligations, and do not violate the relevant laws and regulations and the relevant provisions of the articles of association.
(V) related party transactions
The related party transactions of the company are all necessary for the normal operation of the company. They are legitimate business activities, with fair pricing, without harming the interests of the company and non related shareholders, and do not bring significant uncertainty risks to the continuous operation of the company. The decision-making procedure was legal and compliant, and the obligation of information disclosure was fulfilled in time.
(VI) inside information management
During the reporting period, the company strictly implemented the provisions of laws and regulations, the measures for the management of company information disclosure and the measures for the management of company insider information, maintained the principles of openness, fairness and impartiality of company information disclosure, and protected the legitimate rights and interests of investors. During the reporting period, there was no disclosure of insider information and insider trading.
In 2022, the board of supervisors of the company will continue to strengthen the supervision of the practice of the board of directors and senior managers in strict accordance with laws and regulations and the articles of association, focusing on enterprise production and operation and risk prevention and control, urge the company to further improve legal governance, and play its due role in promoting the continuous improvement of corporate governance.
Fspg Hi-Tech Co.Ltd(000973) board of supervisors
March 24, 2002
