Guangdong Kitech New Material Holding Co.Ltd(300995)
Work report of the board of supervisors in 2021
1、 Basic evaluation of the company's operation and management behavior and performance in 2021
In 2021, the board of supervisors of Guangdong Kitech New Material Holding Co.Ltd(300995) (hereinafter referred to as "the company") conscientiously performed its supervisory duties in accordance with the relevant provisions of the company law and the articles of association. Attended the general meeting of shareholders held throughout the year as nonvoting delegates, faithfully fulfilled the obligation of good faith, and did not harm the interests of the company and shareholders. All resolutions of the general meeting of shareholders met the requirements of the company law and other laws and regulations and the articles of association. The board of supervisors effectively supervised the operation and management of the company, and believed that in 2021, the company successfully completed all production and operation plans of the whole year and achieved good business performance. The anti risk ability and overall competitiveness of the company were continuously enhanced. The management team of the company was diligent and conscientious, earnestly implemented various resolutions of the board of directors, and there were no illegal operations in the operation.
2、 Work of the board of supervisors
In 2021, the board of supervisors reviewed seven meetings of the board of supervisors. The details are as follows:
(I) on January 28, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on Approving the release and use of the company's review report on listing matters
(II) on March 9, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on the work report of the board of supervisors in 2020
2. Proposal on the company's 2020 annual financial statement report
3. Proposal on the company's 2021 annual financial budget report
4. Proposal on determining the remuneration of supervisors in 2020 and the remuneration scheme of supervisors in 2021 5 Proposal on agreeing to report 2020 financial statements
6. Proposal on the purchase of financial products by the company
7. Proposal on self evaluation report on internal control of the company
8. Proposal on applying for credit line from banks in 2021
9. Proposal on guarantee provided by related parties for the company
10. Proposal on 2020 profit distribution plan of the company
11. Proposal on estimating the company's daily connected transactions in 2021
(III) on May 6, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on reviewing the company's financial statements for the first quarter of 2021
2. Proposal on the implementation of relevant accounting standards by the company
(IV) on June 4, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on using some idle raised funds for cash management
2. Proposal on increasing the amount of idle self owned funds for cash management
3. Proposal on Amending the rules of procedure of the board of supervisors
4. Proposal on developing foreign exchange hedging business
(V) on August 19, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on the full text and summary of the 2021 semi annual report
2. Proposal on the special report on the deposit and use of raised funds in the half year of 2021
3. Proposal on carrying out polypropylene futures hedging business
4. Proposal on the profit distribution plan for the half year of 2021
(VI) on September 7, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on adjusting the amount of raised funds to be invested in the investment project with raised funds
2. Proposal on using raised funds to replace self raised funds that have been invested in raised investment projects in advance and paid issuance expenses
(VII) on October 22, 2021, the board of supervisors deliberated and adopted the following proposals:
1. Proposal on the full text of the third quarter report of 2021
2. Proposal on reappointment of accounting firm in 2021
3、 Opinions of supervisors on the operation of the company in 2021
(I) legal operation of the company
Through studying relevant laws and regulations, the board of directors and senior managers of the company have strictly followed the relevant requirements of the company law and the articles of association, standardized operation and legal and effective decision-making procedures; The company is gradually establishing and improving its internal control system. The management of the company is able to perform their duties with due diligence, and has not found any behavior in violation of laws, regulations, articles of association or damaging the interests of the company.
(II) check the financial situation of the company
The board of supervisors inspected the company's financial situation and believed that the company's financial report truly reflected the company's financial situation and operating results, and the audit report was true and reasonable, which was conducive to the shareholders' correct understanding of the company's financial situation and operating conditions;
In 2021, the company was able to strictly implement relevant laws and regulations and the company's financial system, and the financial operation was normal.
4、 Work plan of the board of supervisors
The board of supervisors will continue to faithfully perform its duties in strict accordance with the provisions of the company law, the articles of association and relevant national laws, regulations and policies, and further promote the standardized operation of the company.
(I) strengthen the function of internal supervision and effectively supervise the operation of the company's internal system;
(II) focus on high-risk areas and supervise and inspect the company's major investment projects;
(III) supervise the financial work, regularly understand and review the financial reports, and check the financial operation of the company; (IV) further strengthen their own learning, be familiar with and master relevant laws and regulations. Improve the working system, constantly explore new working ideas, methods and methods in practice, and earnestly safeguard the legitimate rights and interests of all shareholders of the company;
(V) supervise and follow up the improvement of the company's audit and internal control system.
5、 Conclusion I believe that under the correct leadership and decision-making of the board of directors, the company will achieve better results in 2022 Guangdong Kitech New Material Holding Co.Ltd(300995) board of supervisors April 15, 2022
