Work report of the board of supervisors in 2021
Dear shareholders
In 2021, the board of supervisors of the company carried out inspection and supervision on the standardized operation of the company, the finance of the company and the performance of duties of senior executives in accordance with the rules of procedure of the board of supervisors in accordance with the responsibilities entrusted by the company law, the securities law and other relevant laws and regulations and the articles of association, with safeguarding the interests of the company and all shareholders as the working standard. The relevant work of the board of supervisors in 2021 is reported as follows:
1、 Meetings of the board of supervisors
In 2021, the board of supervisors of the company held four meetings:
1. On March 31, 2021, the second meeting of the ninth board of supervisors was held. The following proposals were considered and adopted at the meeting:
(1) Review the report on 2020 financial final accounts and 2021 budget objectives;
(2) Review the 2020 profit distribution plan;
(3) Review the 2020 internal control evaluation report;
(4) Review the 2020 annual report and its summary;
(5) Review the work report of the board of supervisors in 2020.
2. On April 27, 2021, the third meeting of the ninth board of supervisors was held. The meeting deliberated and adopted the full text and text of the report for the first quarter of 2020.
3. On August 24, 2021, the fourth meeting of the ninth board of supervisors was held. The following proposals were considered and adopted at the meeting:
(1) Review the semi annual report of 2021 and its summary;
(2) Deliberated the proposal on promoting the tenure system and contractual management of management members.
4. On October 26, 2021, the fifth meeting of the ninth board of supervisors was held. The following proposals were considered and adopted at the meeting:
(1) Deliberating the proposal on changes in accounting estimates of fixed assets;
(2) Review the full text and text of the third quarter report of 2021.
2、 Independent opinions of the board of supervisors
1. Legal operation of the company
Through inspection and supervision, the board of supervisors believes that the company has established a relatively complete corporate governance structure and internal control system, the company’s decision-making procedures are legal, and the company’s directors, managers and other senior managers can earnestly perform relevant duties and work diligently in accordance with the company law, the articles of Association and other relevant laws and regulations, various internal rules and regulations of the company and the requirements of the regulatory authorities, There is no violation of laws, regulations, the articles of association or any act detrimental to the interests of shareholders when performing the duties of the company. 2. Check the company’s financial situation
In this year, the board of supervisors timely understood the company’s operation and financial status, carefully reviewed the company’s quarterly, semi annual and annual financial reports and relevant documents, and carefully checked the company’s 2020 financial report and the standard audit report issued by Lianda Certified Public Accountants (special general partnership). Through inspection, the board of supervisors believes that the financial reports of 2020 and 2021 truly, objectively and accurately reflect the company’s financial situation and operating results, and comply with the accounting standards for business enterprises. The evaluation made by certified public accountants on the audit opinion issued by the company’s 2020 financial report is objective and fair.
3. Use of funds raised by the company
In 2021, the company issued Jointo Energy Investment Co.Ltd.Hebei(000600) 2021 corporate bonds to professional investors in two phases, with a total amount of 2.5 billion yuan. Through inspection and supervision, the use of the company’s raised funds is consistent with the relevant commitments in the prospectus.
4. Assets purchased and sold by the company
Through inspection and supervision, the company did not sell assets in 2021. The decision-making procedures for the purchase of assets were legal and compliant, the transaction price was reasonable, met the development needs of the company, and did not harm the interests of the company.
5. Related party transactions of the company
Through inspection and supervision, the board of supervisors believes that the decision-making procedures of related party transactions of the company in 2021 are compliant, the transaction price is fair and reasonable, meets the needs of the company’s development, production and operation, and does not harm the interests of the company.
6. Self evaluation of the company’s internal control
The board of supervisors believes that the self-evaluation of the company’s internal control meets the requirements of the basic norms of enterprise internal control and other relevant documents; The self-evaluation truly and completely reflects the current situation and main problems of the establishment, improvement and implementation of the company’s internal control system. The overall evaluation of internal control is objective and accurate.
7. establishment and implementation of the company’s information disclosure management system
In 2021, the board of directors revised the information disclosure management system. Through inspection and supervision, the board of supervisors believes that the company can handle information disclosure in accordance with the information disclosure management system and relevant regulations of the regulatory authority, ensure the authenticity, accuracy, integrity, timeliness and fairness of the disclosed information, and protect the shareholders’ right to know.
8. Establishment and implementation of insider information management system of the company
In 2021, the board of directors of the company revised the registration and management system of insiders. Through inspection and supervision, the board of supervisors believes that the company can truthfully record the insider files of all links of the company’s major events in accordance with the registration and management system of insider information insiders and the relevant provisions of the regulatory authority. During the reporting period, the company did not conduct insider trading by using insider information.
9. External guarantee
Through inspection and supervision, the board of supervisors held that the company provided guarantees for the joint-stock companies Shanxi International Energy Yuguang Coal Power Co., Ltd., Huihai Financial Leasing Co., Ltd. and Huayang construction investment Yangquan Thermal Power Co., Ltd. in 2021, the decision-making procedures were compliant, in line with the needs of the company’s development, production and operation, and there was no violation of regulations and damage to the interests of the company and minority shareholders.
Please review the above report.
April 20, 2022
