Securities code: Xiamen Overseas Chinese Electronic Co.Ltd(600870) securities abbreviation: ST Xiahua announcement Code: pro 2022028 Xiamen Overseas Chinese Electronic Co.Ltd(600870)
With regard to the announcement on the receipt of the supervision letter on Performance Forecast of Xiamen Overseas Chinese Electronics Co., Ltd. from Shanghai Stock Exchange, the board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Xiamen Overseas Chinese Electronic Co.Ltd(600870) (hereinafter referred to as “the company”) received the supervision working letter on Xiamen Overseas Chinese Electronic Co.Ltd(600870) related performance forecast matters (szgh [2022] No. 0206) (hereinafter referred to as “the working letter”) issued by Shanghai Stock Exchange on March 29, 2022. The specific contents are as follows: Xiamen Overseas Chinese Electronic Co.Ltd(600870) :
On March 29, 2022, your company disclosed matters related to the advance loss of performance in 2021, and replied to the announcement in the second inquiry letter. In view of the significant impact of the company’s financial data in 2021 on the termination of the listing of the company’s shares, in accordance with article 13.1.1 and other relevant provisions of the stock listing rules of the exchange, we hereby put forward the following requirements for your company.
1、 Your company shall carefully judge the recognition policies and basis of various income, strictly abide by the relevant provisions of the accounting standards for business enterprises, and ensure the authenticity of performance.
2、 Your company shall deduct the business income irrelevant to the main business and the income without commercial substance in accordance with the relevant requirements of the guidelines for self discipline supervision of listed companies on Shanghai Stock Exchange No. 2 – business handling No. 7 – Financial delisting index: operating income deduction (hereinafter referred to as “operating income deduction”) and on the basis of full communication with the annual audit accounting firm, And fully prompt the delisting risk. If the company is suspected of failing to deduct the operating income as required, our department will timely request to start on-site inspection and other regulatory measures after the disclosure of the company’s 2021 annual report, and impose disciplinary sanctions on the company and relevant responsible persons. Please fully remind the company of the risks such as termination of listing.
3、 The company’s financial accounting report for three consecutive years from 2018 to 2020 was issued by the annual audit accountant with an unqualified opinion in the event section of “major uncertainties related to sustainable operation”, which involved the statement that “there is great uncertainty in the sustainability of the company’s existing business and is still in the transition period of forming a stable profit model”. The annual audit accountant shall carefully verify relevant matters, perform audit procedures, and prudently issue audit opinions on the company’s 2021 financial and accounting report.
4、 The annual audit accountant shall strictly abide by the audit standards and other relevant rules and requirements, maintain reasonable professional doubt, formulate necessary, feasible and targeted audit plans and procedures, record relevant matters in detail, strictly perform the quality control review system, issue appropriate audit conclusions, and prudently express special opinions on the deduction of the company’s income.
5、 Your company should attach great importance to the preparation and disclosure of the company’s annual report in 2021, do a good job in the annual report and related information disclosure, timely hire the annual audit accountant, actively cooperate with him to complete the audit report, disclose the annual report to the public on schedule, and ensure that the information disclosed in the annual report is true, accurate and complete.
Please disclose this letter to the public immediately after receiving this letter. The board of directors of your company shall be diligent and responsible, implement the requirements of this working letter on time, timely perform relevant information disclosure obligations and protect the rights and interests of investors.
The above is the whole content of the work letter, and the company will implement relevant work in accordance with the requirements of the work letter. Please pay attention to the company’s announcement in time and pay attention to investment risks.
It is hereby announced.
Xiamen Overseas Chinese Electronic Co.Ltd(600870) board of directors March 29, 2022
