Kweichow Moutai Co.Ltd(600519)
Performance report of the audit committee of the board of directors in 2021
In 2021, the audit committee of the board of directors of the company performed its duties and gave full play to its role in accordance with the standards for the governance of listed companies of the CSRC, the guidelines for the operation of the audit committee of the board of directors of listed companies of Shanghai Stock Exchange, the articles of Association of Kweichow Moutai Co.Ltd(600519) (hereinafter referred to as the company), the rules of procedure of the audit committee meeting of the board of directors and other relevant provisions. The report on the performance of the audit committee of the board of directors in 2021 is as follows:
1、 Basic information of the audit committee
In September 2021, the ninth meeting of the third board of directors of the company in 2021 deliberated and adopted the proposal on the adjustment of the members of the special committee of the board of directors of the company, which adjusted the members of the audit committee of the board of directors of the company. At present, the audit committee of the board of directors is composed of three members, with independent director Xu Dingbo (accounting professional) as the chairman, chairman Ding Xiongjun and independent director Lu Jinhai as members. The personnel composition meets the requirements.
2、 Meetings of the audit committee in 2021
During the reporting period, the audit committee held four meetings as follows:
(I) the first meeting of the audit committee of the third board of directors in 2021 was held on March 29, 2021, The report on the performance of the audit committee of the board of directors in 2020, the annual report of 2020 (full text and summary), the final financial statement report of 2020, the financial budget plan of 2021, the internal control evaluation report of 2020, the internal control audit report of 2020, the proposal on hiring the financial audit institution and internal control audit institution of 2021 and the proposal on daily connected transactions were reviewed and approved.
(II) the second meeting of the audit committee of the third board of directors in 2021 was held on April 26, 2021, which considered and adopted the report of the first quarter of 2021 and the proposal on changes in accounting policies.
(III) the third meeting of the audit committee of the third board of directors in 2021 was held on July 29, 2021, and the 2021 semi annual report (full text and summary) was considered and adopted.
(IV) the fourth meeting of the audit committee of the third board of directors in 2021 was held on October 21, 2021, and the third quarter report of 2021 was considered and adopted.
3、 Performance of relevant work of the audit committee in 2021
(I) appointment or replacement of accounting firms
The board of directors and the general meeting of shareholders of the company respectively deliberated and approved the proposal on the employment of financial audit institution and internal control audit institution in 2021, and decided to continue to appoint Tianzhi international accounting firm (special general partnership) (hereinafter referred to as Tianzhi International) as the financial audit institution and internal control audit institution of the company in 2021. We have fully understood and evaluated the professional competence, investor protection ability, independence and integrity of Tianzhi international, and believe that Tianzhi international has relevant professional qualifications and experience and ability to provide audit services for listed companies.
(II) supervise and evaluate the work of external audit institutions
During the reporting period, we communicated with Tianzhi international and the company's financial department, studied and determined the audit scope, audit plan, audit methods and other matters of the company's annual financial statements, and continuously supervised and reviewed the company's financial statement audit and internal control audit. We believe that during the audit work, Tianzhi international was able to follow the professional standards of independence, objectivity and impartiality, actively perform its duties and duties, objectively and fairly express independent audit opinions, and show good business level and professional ethics. (III) guidance on the company's internal audit
During the reporting period, we carefully listened to the work reports related to the company's internal audit, carefully reviewed the company's internal audit work plan, and put forward rectification opinions on the problems found in the company's internal audit work to ensure the implementation of the company's internal audit work.
(IV) review the company's financial report and express opinions on it
During the reporting period, we carefully reviewed the company's annual, semi annual and quarterly financial reports. We believe that the company's financial reports truly, accurately and completely reflect the company's operating results and financial status during the reporting period, and there are no false records, misleading statements or major omissions.
(V) supervision and evaluation of the company's internal control system construction
The company has established a set of standardized internal control system in strict accordance with the requirements of relevant normative documents such as the basic norms of enterprise internal control. We gave full play to our professional functions and roles, reviewed the construction and implementation of the company's internal control system, standardized the operation of the company's general meeting of shareholders, the board of directors, the board of supervisors and the management, and effectively protected the legitimate rights and interests of the company and shareholders.
(VI) communicate with the audit organization and relevant management departments of the company
In order to ensure the smooth completion of the audit of financial statements, we actively coordinate the company's management, audit department and third-party audit institutions to fully communicate relevant work plans, so as to ensure the efficient, accurate and timely completion of the audit work.
(VII) supervise the company's major related party transactions
During the reporting period, the related party transactions between the company and related parties are an integral part of the company's daily production and operation activities. The price of related party transactions is objective and fair, and there is no damage to the interests of the company and shareholders, especially minority shareholders. When the general meeting of shareholders and the board of directors of the company considered related party transactions, the related shareholders and related directors avoided voting, and the review procedures were in line with the provisions of relevant laws, administrative regulations and the articles of association of the company.
4、 Overall evaluation
During the reporting period, in strict accordance with the guidelines for the operation of the audit committee of the board of directors of listed companies on Shanghai Stock Exchange, the articles of association and other relevant requirements, we performed our duties with due diligence and actively performed the duties of the audit committee of the board of directors.
In 2022, we will continue to perform the duties of the audit committee with due diligence, provide support for the scientific decision-making of the board of directors, promote the continuous improvement of the level of corporate governance, and effectively safeguard the legitimate rights and interests of the company and all shareholders.
Kweichow Moutai Co.Ltd(600519) board of directors audit committee March 29, 2022
