Chongqing Water Group Co.Ltd(601158)
The performance report of the audit committee of the board of directors in 2021 is in accordance with the relevant provisions of the standards for the governance of listed companies, the Listing Rules of Shanghai Stock Exchange, the Chongqing Water Group Co.Ltd(601158) articles of association and the working rules of the special committee of the board of directors of Chongqing Water Group Co.Ltd(601158) Group Co., Ltd, The Audit Committee (hereinafter referred to as the “Audit Committee”) of the board of directors of Chongqing Water Group Co., Ltd. (hereinafter referred to as the “company”) has been diligent and fully played the role of the audit committee in 2021. Now, the performance of duties in 2021 is reported as follows:
1、 Basic information of members of the audit committee
The audit committee of the Fourth Board of directors of the company was elected at the first meeting of the Fourth Board of directors of the company and is composed of Mr. Yu Jianfeng, Mr. Wang Hong and Mr. Cheng Yuanwei. Among them, Mr. Yu Jianfeng and Mr. Cheng Yuanwei are independent directors, and Mr. Yu Jianfeng is an accounting professional and the convener of the audit committee. The term of office of the audit committee of the Fourth Board of directors of the company shall end on March 8, 2021.
On March 8, 2021, the company completed the change of the Fifth Board of directors. The audit committee of the Fifth Board of directors was elected at the first meeting of the Fifth Board of directors. It is composed of Ms. Shi Hui, Mr. Liao Gaoqing and Mr. Fu Daqing, of which Ms. Shi Hui and Mr. Fu Daqing are independent directors and Mr. Liao Gaoqing is the director and general manager of the company. Ms. Shi Hui is an accounting professional and convener of the audit committee.
In 2021, the audit committee held 8 meetings, as follows: 1. On February 25, 2021, the 25th meeting of the audit committee of the Fourth Board of directors was held to listen to the report on the audit of the company’s financial statements and internal control in 2020.
2. On March 24, 2021, the first meeting of the audit committee of the Fifth Board of directors was held, The company’s 2020 annual financial statement report, the company’s 2020 annual internal control evaluation report, the proposal on reviewing the company’s expected daily connected transactions in 2021, the proposal on renewing the appointment of Tianzhi International Certified Public Accountants (special general partnership) as the auditor of the company’s 2021 annual report, and the proposal on renewing the appointment of Tianzhi International Certified Public Accountants (special general partnership) were reviewed and approved It is the proposal of the company’s internal control audit institution in 2021, the report on the performance of the audit committee of the board of directors in 2020 and other proposals. 3. On April 26, 2021, the second meeting of the audit committee of the Fifth Board of directors was held, and the report of the company for the first quarter of 2021 (full text and text) was considered and adopted. 4. On June 25, 2021, the third meeting of the audit committee of the Fifth Board of directors was held, and the proposal on participating in Chongqing Water Group Co.Ltd(601158) environmental quality water supply company was considered and adopted.
5. On August 5, 2021, the fourth meeting of the audit committee of the Fifth Board of directors was held, and the proposals on Revising the company’s accounting policies and the company’s 2021 semi annual report (full text and text) were considered and adopted.
6. On October 25, 2021, the fifth meeting of the audit committee of the Fifth Board of directors was held, and the report of the company for the third quarter of 2021 (full text and text) was reviewed and adopted. At the meeting, the proposal on related party transactions for the acquisition of water supply and drainage projects was deliberated and adopted. 8. On December 27, 2021, the 7th Meeting of the audit committee of the Fifth Board of directors was held, and the annual report and internal control audit work plan for 2021 were discussed and adopted.
3、 Performance of audit committee
In its work in 2021, the audit committee fully understood the company’s operation and development, held various audit committee meetings in time, ensured sufficient time and energy to complete its duties, effectively performed the audit committee’s review and supervision functions, and played a constructive role in the decision-making of the board of directors and the standardized operation of the company.
(I) audit of external audit institutions by the audit committee
During the reporting period, the audit committee reviewed the independence and professionalism of Tianzhi International Certified Public Accountants (special general partnership) as the audit institution, audit fees and employment terms. During the audit of the 2020 annual report, the audit committee communicated with Tianzhi international accounting firm (special general partnership) on the audit scope, audit plan, audit methods, audit implementation and major matters found in the audit, and conducted necessary supervision on the completion of the audit.
(II) audit of the financial report by the audit committee
During the reporting period, the audit committee focused on the major accounting and audit issues of the company’s financial report, carefully reviewed the company’s financial statements and periodic reports, paid special attention to the possibility of fraud, fraud and major misstatement related to the financial report, and put forward opinions on ensuring the authenticity, integrity and accuracy of the financial report. The audit committee also reviewed the financial and accounting statements of the company’s 2020 annual report, 2021 semi annual report and the first and third quarter reports. The Audit Committee believes that the above financial reports (statements) comply with the provisions of the accounting standards for business enterprises issued by the state, and truly and fairly reflect the company’s operating results, cash flow and financial position at the end of the reporting period.
(III) audit of internal control and governance by the audit committee
In 2021, the audit committee reviewed the company’s internal control system, implementation and corporate governance, and reviewed the internal control self-evaluation report and the internal control audit report issued by the internal control audit institution. The Audit Committee believes that the company has established a relatively standardized, sound and effective internal control system. The internal control evaluation report objectively reflects the real situation of the company’s internal control. The company strictly implements various laws, regulations, articles of association and internal management system, and the general meeting of shareholders, the board of directors, the board of supervisors and the management operate in a standardized manner, The actual operation of the company’s internal control meets the basic requirements of the governance norms of listed companies issued by the CSRC.
(IV) audit committee’s review of major connected transactions
During the reporting period, in accordance with the company’s related party transaction management system and the Listing Rules of Shanghai Stock Exchange and other relevant regulations, the audit committee reviewed the actual situation of the company’s daily related party transactions in 2020, the expected daily related party transaction amount in 2021 and the company’s related party transactions on the basis of reviewing relevant materials and communicating with relevant personnel, The proposal on reviewing the company’s expected daily related party transactions in 2021, the proposal on participating in Chongqing Water Group Co.Ltd(601158) environmental quality water supply company and the proposal on related party transactions of purchasing water supply and drainage projects were adopted and submitted to the board of directors of the company for deliberation and approval, so as to ensure that the company and major related party transactions have fulfilled the necessary compliance procedures.
(V) the audit committee’s review of major events such as changes in accounting policies during the reporting period, the company revised the company’s accounting policies in accordance with the relevant requirements of the accounting standards issued and revised by the Ministry of finance.
The audit committee reviewed the revision of the company’s accounting policies, deliberated and passed the proposal on the revision of the company’s accounting policies and submitted it to the board of directors for deliberation, ensuring that the company’s revised accounting policies comply with relevant regulations and fulfilled the necessary approval procedures.
4、 Overall evaluation
During the reporting period, the audit committee effectively performed the duties of the audit committee in accordance with relevant laws and regulations, the Chongqing Water Group Co.Ltd(601158) articles of association, the Chongqing Water Group Co.Ltd(601158) working rules of the special committee of the board of directors and other relevant provisions, gave full play to the role of guidance, coordination and supervision, effectively promoted the company’s internal control and financial norms, and promoted the continuous improvement of the company’s governance level, Actively safeguard the legitimate rights and interests of the company and all shareholders.
It is hereby reported.
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