Tongxing Environmental Protection Technology Co.Ltd(003027) : statement of the audit committee of the board of directors on the rationality of the company's provision for asset impairment in 2021

Tongxing Environmental Protection Technology Co.Ltd(003027) board of directors audit committee

Explanation on the rationality of the company's provision for asset impairment in 2021

In accordance with the provisions of relevant laws and regulations such as the Listing Rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, and the accounting standards for business enterprises, the audit committee of the board of directors of Tongxing Environmental Protection Technology Co.Ltd(003027) (hereinafter referred to as the "company") has carefully considered the proposal on the company's provision for asset impairment in 2021, and based on prudent judgment, The following statement is issued:

After review, the company's provision for credit and asset impairment this time complies with and complies with the accounting standards for business enterprises and relevant accounting policies of the company. It is made based on the principle of prudence after asset impairment test, and the basis is sufficient. After the provision for asset impairment is made, the company's financial statements can more fairly reflect the company's financial status, asset value and operating results, making the company's accounting information more reasonable. Therefore, we have no objection to this matter.

It is hereby explained.

Tongxing Environmental Protection Technology Co.Ltd(003027) board of directors audit committee April 18, 2022

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