Anhui Expressway Company Limited(600012)
Performance report of the audit committee in 2021
In accordance with the regulatory requirements of the standards for the governance of listed companies issued by the CSRC, the Listing Rules of Shanghai Stock Exchange, the guidelines for the operation of the audit committee of the board of directors of listed companies of Shanghai Stock Exchange and other regulatory requirements, as well as the articles of association of Anhui Expressway Company Limited(600012) (hereinafter referred to as the “company”), the working procedures of the audit committee, the annual report working system of the audit committee and other relevant regulations, Based on the principle of diligence, the audit committee of the company earnestly performs the duties entrusted by laws, regulations and the articles of association. The performance of the audit committee in 2021 is reported as follows:
1、 Basic information of audit committee
The audit committee under the ninth board of directors of the company is composed of three members: independent director Mr. Liu Hao, Mr. Zhang Jianping and director Mr. Du Jian, of which Mr. Liu Hao is the chairman of the audit committee.
All members of the audit committee have professional knowledge and business experience competent for the duties of the audit committee. The chairman of the Committee has rich professional knowledge and experience in accounting and is qualified as a professor of accounting.
2、 Annual meeting of audit committee
In 2021, the company’s audit committee held 4 meetings and considered and approved 22 topics.
The third meeting of the audit committee under the ninth board of directors was held on March 25, 2021. The meeting discussed and reviewed the following matters:
1. Review the company’s 2020 financial report (prepared in accordance with Chinese accounting standards); 2. Review the company’s 2020 financial report (prepared in accordance with Hong Kong Accounting Standards); 3. Review the company’s profit distribution plan for 2020;
4. Review the proposal on the daily connected transactions expected in 2021;
5. Review the internal control evaluation report of the company in 2020;
6. Review the internal control evaluation work plan of the company in 2021;
7. Review the company’s internal audit summary in 2020;
8. Review the internal audit work plan of the company in 2021;
9. Review the internal audit report of the company in 2020;
10. Review the summary of the company’s post investment evaluation in 2020;
11. Review the company’s 2021 post investment evaluation work plan;
12. Review the work report of the company’s internal control system in 2020;
13. Discuss the explanation on the appointment of external audit institutions in 2021;
14. Discuss the performance report of the audit committee in 2020;
15. Review PwC’s report on the company’s 2020 Audit Committee; 16. Discuss the 2021 annual audit expense plan;
17. Review the internal control audit report of the company in 2020.
(II) the fourth meeting of the audit committee under the ninth board of directors was held on April 26, 2021. The meeting reviewed the company’s financial report for the first quarter of 2021 and issued review opinions.
(III) the fifth meeting of the audit committee under the ninth board of directors was held on August 26, 2021. The following matters are discussed and reviewed at the meeting: 1 Review the financial report prepared by the company in accordance with Chinese accounting standards in the interim of 2021;
2. Review the financial report prepared by the company in accordance with Hong Kong accounting standards in the interim of 2021;
3. Discuss the communication of PWC Zhongtian Certified Public Accountants on the audit committee of Wantong company in the second quarter of 2021.
The sixth meeting of the audit committee under the ninth board of directors was held on October 27, 2021. The meeting reviewed the company’s financial report for the third quarter of 2021 and issued review opinions.
3、 Main work contents of the audit committee in 2021
(I) supervise and evaluate the work of external audit institutions
We fully discussed and communicated with the external auditors on the audit scope, audit plan, audit methods and major matters found in the audit, and supervised and evaluated their implementation of the 2021 financial statement audit and internal control audit. We agree that PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) (hereinafter referred to as “PricewaterhouseCoopers”) and PricewaterhouseCoopers (hereinafter referred to as “PricewaterhouseCoopers”) have better completed the audit work entrusted by the company, have always followed the professional standards of independence, objectivity and impartiality, and the members of the audit project have the professional knowledge necessary for the implementation of the audit work, Be competent for the audit work, be diligent and responsible during the audit, maintain due attention and professional prudence, and review the audit fee plan for 2021 according to the actual situation of the company’s audit work.
(II) supervise and evaluate the company’s internal audit
We have carefully reviewed the company’s internal audit work plan for 2021, considered that the plan is reasonable and feasible, and urged the company’s internal audit institutions to implement it in strict accordance with the audit plan. After reviewing the internal audit work report, no major problems are found in the internal audit work; The company is required to seriously rectify the general problems found in the process of internal audit. In the process of communicating with the company’s internal audit institution, we put forward guiding opinions on the development of internal audit.
(III) review the company’s financial report and express opinions on it
We have carefully reviewed the company’s regular financial reports and believe that the company’s financial reports are true, accurate and complete, there are no relevant fraud, fraud and major misstatement, there are no major accounting error adjustments and events leading to non-standard unqualified audit reports, and the changes in accounting policies meet the requirements of relevant national regulations. (IV) evaluate the effectiveness of internal control
The company has established a relatively perfect corporate governance structure and internal control system in accordance with the requirements of the company law, securities law and other laws and regulations, the basic norms of enterprise internal control and its supporting guidelines. During the reporting period, the company strictly implemented relevant national laws and regulations and various rules and regulations of the company, and standardized the operation of the general meeting of shareholders, the board of directors, the board of supervisors and the management, so as to effectively protect the legitimate rights and interests of the company and shareholders. According to the internal control defect identification standard determined by the company, we believe that the company has no major defects in internal control on the benchmark date of the internal control evaluation report, and there are no matters affecting the evaluation conclusion of the effectiveness of internal control from the benchmark date of the internal control evaluation report to the date of issuance of the internal control evaluation report.
(V) other matters
During the reporting period, we also deliberated on some major issues closely related to the company’s operation, provided professional opinions to the company’s management, and effectively performed the duties of the audit committee.
4、 Overall evaluation
During the reporting period, we performed the duties of the audit committee with due diligence in accordance with the guidelines for the operation of the audit committee of the board of directors of listed companies on Shanghai Stock Exchange and other relevant national laws and regulations.
Anhui Expressway Company Limited(600012) audit committee
March 25, 2022
