Suzhou Veichi Electric Co.Ltd(688698)
2021 performance report of the audit committee under the board of directors
In accordance with the standards for the governance of listed companies, the guidelines for self-regulation of companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, the Listing Rules of the science and Innovation Board of Shanghai Stock Exchange and other laws, regulations and normative documents of the CSRC, as well as the relevant provisions of the Suzhou Veichi Electric Co.Ltd(688698) articles of association and the working rules of the audit committee of the Suzhou Veichi Electric Co.Ltd(688698) board of directors, Suzhou Veichi Electric Co.Ltd(688698) (hereinafter referred to as “the company”) the audit committee of the board of directors has conscientiously performed its audit supervision duties based on the principle of diligence. 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
The audit committee of the first session of the board of directors of the company is composed of three members: independent director Ms. Yan Zhijuan, Ms. Tang Haiyan and director Ms. Mo zhuqin. Among them, Ms. Yan Zhijuan and Ms. Tang Haiyan are independent directors and Ms. Yan Zhijuan is the chairman (convener) of the audit committee, with professional accounting qualification.
2、 Meetings of the audit committee
The audit committee held five meetings in 2021, and all members attended all the meetings in person.
On February 20, 2021, at the first meeting of the audit committee of the first board of directors in 2021, the audit committee reviewed a total of 1 proposal, which is the proposal on changes in accounting policies.
On April 2, 2021, at the second meeting of the audit committee of the first board of directors in 2021, the audit committee considered five proposals, namely, the proposal on the 2020 annual audit report issued by Daxin Certified Public Accountants (special general partnership), the proposal on the review of the 2020 annual performance report of the audit committee of the board of directors, the proposal on the reappointment of the audit institution in 2021 Proposal on the company’s 2020 internal control evaluation report and proposal on the 2020 internal audit work report and 2021 internal audit work plan of the internal audit department.
On April 27, 2021, at the third meeting of the audit committee of the first board of directors in 2021, the audit committee considered two proposals in total. It is divided into the proposal on the first quarter report of the company in 2021 and the proposal on the first quarter internal audit report of the internal audit department in 2021.
On August 19, 2021, at the fourth meeting of the audit committee of the first board of directors in 2021, the audit committee considered 3 proposals in total. They are the proposal on the company’s 2021 semi annual report and summary, the proposal on the internal audit department’s 2021 second quarter internal audit report, and the proposal on the company’s implementation of the new leasing standards and changes in relevant accounting policies.
On October 21, 2021, at the fifth meeting of the audit committee of the first board of directors in 2021, the audit committee considered two proposals in total. It is divided into the proposal on the third quarter report of the company in 2021 and the proposal on the third quarter internal audit report of the internal audit department in 2021.
The materials of the above proposals are complete, the deliberation procedures are standardized, and the audit committee has not issued a negative opinion. 3、 Performance of audit committee
(I) supervise and evaluate the work of external audit institutions
1. Propose to the board of directors to hire an external audit institution: the audit committee investigated and evaluated the audit work of Daxin Certified Public Accountants (special general partnership), considered that the relevant practitioners of the Institute had good professional quality, followed the professional standards and could better complete the audit tasks, agreed to hire the Institute as the audit institution of the company in 2021, and submitted the proposal to the board of directors of the company for deliberation and approval.
2. Communicate and discuss with external audit institutions.
3. Monitor and evaluate the diligence of external audit institutions.
(II) guide internal audit
During the reporting period, the audit committee carefully reviewed the work plan of the company’s internal audit department, recognized the feasibility of the plan, and urged the company’s internal audit organization to implement the audit plan strictly and on time, which improved the work efficiency of the company’s internal audit. After reviewing the internal audit report, we found no major problems in the internal audit.
(IV) review the company’s financial report and express opinions on it
During the reporting period, we carefully reviewed the company’s financial report and believed that the company’s financial report was true, accurate and complete. The external audit institution issued a standard unqualified audit report.
(V) evaluate the effectiveness of internal control
During the reporting period, the company continued to promote the construction of internal control system and improve the ability of risk prevention and control. The audit committee supervised the construction and maintenance of internal control and found no major problems. We believe that the actual operation of the company’s internal control meets the requirements of the relevant corporate governance norms issued by the supervisory authority.
4、 Overall evaluation
During the reporting period, we performed the duties of the audit committee with due diligence in accordance with the standards for the governance of listed companies of China Securities Regulatory Commission, the guidelines for the operation of the audit committee of the board of directors of listed companies of Shanghai Stock Exchange, the Listing Rules of the science and Innovation Board of Shanghai Stock Exchange and other laws and regulations, as well as the articles of association, working rules of the audit committee of the board of directors and other documents formulated by the company.
In 2022, the audit committee of the board of directors of the company will continue to strengthen the supervision function according to the requirements of relevant laws and regulations, earnestly perform the duties of the audit committee and assist the board of directors in operating according to law.
It is hereby reported
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(there is no text on this page, which is the signature page of the annual performance report of the audit committee of the board of directors in Suzhou Veichi Electric Co.Ltd(688698) 2021)
[Yan Zhijuan] [Tang Haiyan]
[Mo zhuqin]
April 15, 2022
