Fujian Snowman Co.Ltd(002639) board of directors audit committee
Explanation on the rationality of the provision for impairment and write off of assets
In accordance with the provisions of the Fifth Board of directors of Shenzhen Stock Exchange on the examination and verification of assets of listed companies (hereinafter referred to as the “guidelines of the board of directors of Shenzhen Stock Exchange”) and the provisions of the Fifth Board of directors of Shenzhen Stock Exchange on the provision for impairment of listed companies (hereinafter referred to as the “guidelines of the board of directors of Shenzhen Stock Exchange”), The rationality of the provision for asset impairment and credit impairment is explained as follows:
After review, the audit committee of the board of Directors believes that the provision for credit and asset impairment and write off assets comply with and comply with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and are made based on the principle of prudence after asset impairment test. 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.
Fujian Snowman Co.Ltd(002639) board of directors audit committee April 27, 2022
