Cosco Shipping Development Company Limited(601866) board of directors audit committee
Performance report of 2021
According to the guidelines of the board of directors of Shanghai Stock Exchange (hereinafter referred to as the "guidelines for the audit of listed companies") and the rules of the board of directors of Shanghai Stock Exchange (hereinafter referred to as the "guidelines for the audit of listed companies") and the "guidelines for the audit of listed companies" of Shanghai Stock Exchange (hereinafter referred to as the "guidelines for the audit of listed companies"), The performance of the audit committee of the board of directors of Cosco Shipping Development Company Limited(601866) (hereinafter referred to as "the company" and "the company") in 2021 is reported as follows:
1、 Composition of the audit committee of the board of directors
The audit committee of the 6th board of directors is composed of independent non-executive directors Mr. Lu Jianzhong, Mr. Cai Hongping and non-executive director Mr. Huang Jian, and director Lu Jianzhong is the chairman of the audit committee. All members of the company are elected from the company's non-executive directors, and more than half of the independent non-executive directors. Among them, Mr. Lu Jianzhong, the current member of the audit committee of the sixth board of directors, is an accounting professional. The composition of the sixth Audit Committee of the company meets the requirements of the guidelines and audit rules.
2、 Meetings of the audit committee of the board of directors
During the reporting period, the audit committee of the board of directors held 6 meetings, with an average attendance rate of 100%. (I) 4 regular meetings:
1. On March 26, 2021, the 14th meeting of the audit committee of the 6th board of directors was held on site. The meeting considered and unanimously adopted the following proposals:
(1) Proposal on the company's provision for impairment of fixed assets in 2020;
(2) Proposal on the company's 2020 financial report;
(3) Proposal on reappointment of domestic and foreign auditors and internal control auditors of the company in 2021; (4) Proposal on the company's internal audit in 20202021;
(5) Proposal on the performance report of the audit committee of the board of directors in 2020; 2. On April 28, 2021, the 15th meeting of the audit committee of the 6th board of directors was held by written communication voting, and the following proposals were unanimously adopted at the meeting:
(1) Proposal on the company's report for the first quarter of 2002;
(2) Proposal on the reorganization plan of the company;
(3) Proposal on Approving the audit report, reference review report and asset evaluation report related to the reorganization;
3. On August 27, 2021, the 16th meeting of the audit committee of the sixth board of directors was held on site. The meeting deliberated and unanimously adopted the proposal on the financial report of the company for the first half of 2021;
4. On October 28, 2021, the 18th meeting of the audit committee of the sixth board of directors was held by written communication. The meeting deliberated and unanimously adopted the proposal on the third quarter report of the company in 2021;
(II) two temporary meetings:
1. On September 13, 2021, the 17th meeting of the audit committee of the sixth board of directors was held by means of communication voting, and the following proposals were unanimously adopted at the meeting:
(1) Proposal on the transfer of financial leasing assets and related party transactions between Florence (Tianjin) Financial Leasing Co., Ltd. and COSCO Shipping asset management (Ningbo) Co., Ltd;
(2) Proposal on abandoning the preemptive right of equity transfer of COSCO Shipping small loan;
2. On November 29, 2021, the 19th meeting of the audit committee of the 6th board of directors was held by written communication. The meeting considered and adopted:
(1) Proposal on the company's overseas audit plan in 2021;
(2) Proposal on the domestic audit plan of the company in 2021;
3、 Supervise and evaluate the work of external audit institutions, and review the company's periodic reports
During the reporting period, the audit committee of the board of directors of the company, in accordance with the relevant provisions of the CSRC, Shanghai Stock Exchange and the audit rules, and in accordance with the requirements of the notice on doing well the 2020 annual report of listed companies and other documents of Shanghai Stock Exchange, the audit Committee earnestly performed its duties, supervised and evaluated the work of external audit institutions and reviewed the company's periodic reports based on the principle of diligence and responsibility. During the audit of the annual report:
(I) before the auditor enters the site, the audit committee carefully reviews the work plan and other relevant materials of domestic and foreign audit institutions for the audit of the company's annual report, and puts forward specific opinions and requirements on the overall audit strategy and audit plan;
(II) in the process of auditors entering the audit site, the audit committee supervised the audit work and fully communicated and exchanged with auditors on the problems found in the audit process.
The audit committee has issued audit opinions on the 2020 financial report. The Audit Committee believes that the 2020 financial report of the company has been prepared in accordance with the provisions of relevant accounting standards, which fairly reflects the financial status, operating results and cash flow of the company in all major aspects, and recommends that the board of directors approve the 2020 performance and financial report of the company.
4、 Review related party transactions
During the reporting period, the audit committee earnestly performed its responsibilities for the control and daily management of the company's connected transactions. All related party transactions of the company adopt general commercial terms, the pricing is fair and reasonable, abide by the principles of fairness, impartiality and openness, and comply with the overall interests of the company and shareholders; The review procedures of related party transactions are legal and compliant, do not harm the interests of minority shareholders, and are in line with the overall interests of the company and shareholders.
5、 Overall evaluation
During the reporting period, the audit committee of the board of directors of the company conscientiously complied with the guidelines, the articles of association, the audit rules and other relevant provisions, and performed relevant duties diligently and scrupulously. In the new year, the audit committee of the board of directors of the company will continue to work diligently and actively perform various responsibilities of the audit committee.
Cosco Shipping Development Company Limited(601866) board of directors audit committee March 30, 2022
