Explanation of the audit committee of the board of directors on the rationality of the company's provision for asset impairment according to the accounting standards for business enterprises, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and other accounting policies and relevant rules, the Audit Committee of the board of directors of Hainan Haiyao Co.Ltd(000566) (hereinafter referred to as the "company") explains the rationality of the company's provision for asset impairment and write off assets as follows:
The company's provision for asset impairment loss and credit impairment loss this time complies with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and the basis is sufficient. The provision of asset impairment loss and credit impairment loss can more fairly reflect the company's financial status and asset status as of December 31, 2021, making the company's accounting information more reasonable.
Members of the Audit Committee:
Meng Zhaosheng, Zhang Qiang, Wei Yulin, Feng Duojia
Hainan Haiyao Co.Ltd(000566) board of directors audit committee April 25, 2022
