Jiangsu Nanfang Bearing Co.Ltd(002553) : Announcement on the renewal of accounting firm

Securities code: Jiangsu Nanfang Bearing Co.Ltd(002553) securities abbreviation: Jiangsu Nanfang Bearing Co.Ltd(002553) Announcement No.: 2022017 Jiangsu Nanfang Bearing Co.Ltd(002553)

Announcement on the renewal of accounting firm

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Jiangsu Nanfang Bearing Co.Ltd(002553) (hereinafter referred to as "the company") held the 16th meeting of the 5th board of directors and the 11th meeting of the 5th board of supervisors on April 11, 2022. The proposal on renewing the appointment of accounting firm was deliberated and approved respectively. The company plans to renew the appointment of Tianheng accounting firm (special general partnership) as the auditor of the company's 2022 annual financial report for one year. This matter needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. Now the relevant matters are announced as follows:

1、 Description of the proposed accounting firm

Tianheng Certified Public Accountants (special general partnership) (hereinafter referred to as "Tianheng") has the qualification of securities and futures business and has the experience and ability to provide audit services for listed companies. In providing audit services for the company, Tianheng Certified Public Accountants (special general partnership) (hereinafter referred to as "Tianheng") can abide by the professional standards of independence, objectivity and impartiality, fulfill its duties, provide high-quality audit services for the company, and its report can be objective It truly reflected the company's financial situation and operating results, earnestly fulfilled the responsibilities of the audit institution, and safeguarded the legitimate rights and interests of the company and shareholders from a professional perspective. During the period of serving as the company's audit institution in 2021, Tianheng certified public accountants has scrupulously fulfilled its duties, followed the professional standards of independence, objectivity and impartiality, and better completed all the work of the company's 2021 financial report audit. In order to maintain the continuity of the audit work, the company plans to continue to employ Tianheng Certified Public Accountants (special general partnership) as the audit institution of the company's 2022 financial report. This matter shall be submitted to the general meeting of shareholders of the company for deliberation, and shall come into force from the date of approval by the general meeting of shareholders of the company.

2、 Basic information of the accounting firm to be employed

(I) institutional information

1. Basic information

Organization Name: Tianheng Certified Public Accountants (special general partnership);

Date of establishment: formerly Jiangsu accounting firm established in 1985, it was decoupled and restructured in 1999 and transformed into a special general partnership accounting firm in 2013;

Registered address: room 1907, No. 106, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu Province;

Professional qualification: obtain the practice certificate of accounting firm issued by Jiangsu Provincial Department of finance;

Service business: it has been engaged in securities service business for more than 20 years. It is one of the first accounting firms in China to obtain the qualification of securities and futures related business and the audit qualification of financial enterprises.

2. Personnel information

The chief partner of Tianheng certified public accountants is Ms. Yu Ruiyu. As of December 31, 2021, Tianheng certified public accountants had 80 partners and 378 certified public accountants, an increase of 11 over the end of 2020. Among them, 191 certified public accountants have signed the audit report of securities service business.

3. Business scale

The total audited income of Tianheng certified public accountants in 2021 was 656228400 yuan, including 584936200 yuan from audit business and 193761900 yuan from securities business. In 2020, it undertook the annual report audit business of 76 listed companies, with a total charge of 72.045 million yuan. Its customers are mainly concentrated in manufacturing, power, heat, gas and water production and supply, scientific research and technical services, wholesale and retail, culture, sports and entertainment and other fields. The company has 3 Audit customers of Listed Companies in the same industry.

4. Investor protection ability.

By the end of 2021, Tianheng certified public accountants had withdrawn 145532 million yuan of occupational risk fund, and the cumulative compensation limit of purchased occupational insurance was 150 million yuan. The withdrawal of occupational risk fund and the purchase of occupational insurance met relevant regulations, and there was no civil liability in relevant civil litigation due to professional behavior in recent three years.

5. Integrity record.

In the past three years, Tianheng certified public accountants has been subject to the supervision and management measures (warning letter) of the CSRC and its dispatched offices for its professional behavior for 4 times, involving 6 employees.

(II) project information

1. Basic information

Project partner and signature certified public accountant: Yu Lixin, certified public accountant, has been engaged in securities services for more than 20 years and has corresponding professional competence. He became a certified public accountant in 1992, began to practice in Tianheng certified public accountants in 1992, began to audit listed companies in 1999, began to provide audit services for the company in 2021, and has signed / reviewed the audit reports of 9 listed companies in recent three years.

Signature certified public accountant: Shen Peipei, certified public accountant, engaged in securities services for more than 6 years, with corresponding professional competence. He became a certified public accountant in 2018, joined Tianheng practice in 2015, began to audit listed companies, and began to provide audit services for the company in 2021.

Reviewer of project quality control: you Shiqiu, certified public accountant, has been engaged in securities services for more than 20 years and has corresponding professional competence. He became a certified public accountant in 1996, joined Tianheng Institute in 1997 and began to audit listed companies. In recent three years, he has signed / reviewed the audit reports of five listed companies.

2. Integrity record.

The above project partners, signed certified public accountants and project quality control reviewers have not been subject to any criminal punishment, administrative punishment, administrative supervision measures and self-discipline supervision measures in recent 3 years.

3. Independence.

There are no circumstances that may affect the independence of Tianheng certified public accountants, the above project partners, the signing certified public accountants and the project quality control reviewers.

(III) audit fees

The audit fee paid by the company to Tianheng certified public accountants in 2021 was 580000 yuan. The above audit fees are mainly based on the responsibility of professional services and the degree of professional technology investment, and are priced by comprehensively considering the experience level of employees involved in the work, the corresponding charge rate and the working hours invested. There is no change compared with the audit fees of the previous period.

The board of directors of the company requests the general meeting of shareholders to authorize the management of the company to negotiate with the accounting firm to determine its audit fees for 2022 according to the market conditions, handle and sign relevant service agreements and other matters in accordance with the fair and reasonable pricing principle of the market, according to the audit scope and audit workload, and with reference to relevant regulations and standards.

3、 Procedures to be performed by the accounting firm to be renewed

(I) performance and review opinions of the audit committee of the board of directors

The ninth meeting of the audit committee of the Fifth Board of directors of the company has reviewed Tianheng and found that it adheres to the principle of independent audit, objectively, fairly and fairly reflects the company's financial situation and operating results, and earnestly performs the responsibilities of the audit institution. It agreed to propose to the board of directors to renew Tianheng as the audit institution of the company in 2022.

(II) prior approval opinions and independent opinions of independent directors

1. Prior approval opinion

After review, we believe that Tianheng Certified Public Accountants (special general partnership) has strictly followed the independent auditing standards for Chinese certified public accountants and other laws, regulations and relevant policies related to financial audit, performed its duties diligently, followed the independent, objective and fair practice standards, and better fulfilled the responsibilities and obligations agreed by both parties. Therefore, We agree to continue to appoint Tianheng Certified Public Accountants (special general partnership) as the auditor of the company's 2022 financial report. It is agreed to submit the proposal to the 16th meeting of the 5th board of directors of the company for deliberation, and request the board of directors to submit the proposal to the general meeting of shareholders for deliberation.

2. Independent opinion

After verification, we believe that Tianheng Certified Public Accountants (special general partnership) has the audit qualification to carry out securities and futures related businesses, and has rich experience and ability to provide audit services for listed companies. Tianheng has provided audit services for the company for many consecutive years. In providing audit services for the company, it has scrupulously performed its duties, followed the professional standards of independence, objectivity and impartiality, and completed the audit work well. The audit report issued can fairly and truly reflect the company's financial situation and operating results. In order to maintain the continuity of audit work, we agree with the company's proposal on appointing Tianheng Certified Public Accountants (special general partnership) as the company's audit institution in 2022.

(III) the 16th meeting of the 5th board of directors and the 11th meeting of the 5th board of supervisors respectively deliberated and adopted the proposal on the renewal of accounting firm, and agreed to renew the appointment of Tianheng accounting firm as the company's audit institution in 2022. The engagement of 2022 audit institution needs to be submitted to the general meeting of shareholders for deliberation.

4、 Documents for future reference

1. Resolutions of the 16th meeting of the 5th board of directors of the company;

2. Resolutions of the 11th meeting of the 5th board of supervisors of the company;

3. Prior approval opinions of independent directors on relevant matters and other relevant matters considered at the 16th meeting of the Fifth Board of directors of the company;

4. Independent directors' independent opinions on relevant matters and other relevant matters considered at the 16th meeting of the Fifth Board of directors of the company;

5. The business license of the accounting firm to be employed, the information and contact information of the main person in charge and the contact person of the regulatory business, and the identity certificate, practice license and contact information of the certified public accountant to be responsible for the specific audit business.

It is hereby announced.

Jiangsu Nanfang Bearing Co.Ltd(002553)

Board of directors

April 11, 2002

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