Kaiyuan Education Technology Group Co.Ltd(300338) board of directors
Special notes on the company's non-standard audit report in 2021
Kaiyuan Education Technology Group Co.Ltd(300338) (hereinafter referred to as "the company" and " Kaiyuan Education Technology Group Co.Ltd(300338) ") hired Tianjian Certified Public Accountants (special general partnership) (hereinafter referred to as "Tianjian Institute") as the auditor of the company's 2021 annual financial report. Tianjian Institute audited the company's consolidated and parent company's balance sheet on December 31, 2021 and the consolidated and parent company's income statement, shareholder's equity statement, cash flow statement and notes to financial statements in 2021, And submitted an unqualified audit report with significant uncertainties related to going concern to the company. In accordance with the relevant provisions of the China Securities Regulatory Commission, such as the rules for the preparation and reporting of information disclosure of companies offering securities to the public No. 14 - non-standard audit opinions and the handling of matters involved (revised in 2020), the board of directors of the company made special explanations on the relevant matters involved in the audit report as follows: I. The contents of the paragraphs in which the non-standard audit opinions involve major uncertainties of going concern
As of December 31, 2021, Kaiyuan Education Technology Group Co.Ltd(300338) company's current liabilities were 810 million yuan higher than its current assets, the balance of available monetary funds in the book was 292161 million yuan, the balance of bank loans due within one year was 575387 million yuan (including 30 million yuan of short-term loans that were not repaid on schedule), and the net profits from 2019 to 2021 were - 6226116 million yuan, - 78612411 million yuan and - 4616749 million yuan respectively, with huge losses, These events or circumstances indicate that there are major uncertainties that may lead to major doubts about the sustainable operation ability of Kaiyuan Education Technology Group Co.Ltd(300338) company. This matter does not affect the audit opinion issued. 2、 Reasons and basis for issuing an unqualified audit report with significant uncertainties related to going concern
According to Article 21 of auditing standards for Chinese certified public accountants No. 1324 - going concern: "if the assumption of going concern is appropriate, but there is significant uncertainty, and the financial statements have fully disclosed the significant uncertainty, the certified public accountant shall express an unqualified opinion and add a separate part under the title of" significant uncertainty related to going concern "to the audit report, Remind the users of the financial statements to pay attention to the disclosure of relevant matters in the notes to the financial statements, explain that these matters or circumstances indicate that there are major uncertainties that may cause major doubts about the going concern ability of the auditee, and explain that the matter does not affect the audit opinion ".
Tianjian Institute believes that there are significant uncertainties in the company's continuous operation, and the financial statements have fully disclosed the significant uncertainties. Therefore, Tianjian's company added significant uncertainties related to continuous operation in the 2021 audit report, in order to draw the users of the financial statements to pay attention to the relevant disclosures in the notes to the financial statements. 3、 Opinions of the board of directors, independent directors and board of supervisors on this matter
Opinion of the board of directors of the company: understand and approve the unqualified audit report with significant uncertainties related to continuous operation issued by Tianjian Certified Public Accountants (special general partnership), and draw the attention of investors to investment risks. The above emphasized matters are mainly to remind the users of financial statements that they are not in obvious violation of accounting standards, systems and relevant information disclosure norms. The board of directors and management of the company will actively take effective measures to reduce and eliminate the adverse impact of the matters involved on the company, ensure the sustainable operation ability of the company, maintain the sustainable, stable and healthy development of the company, and effectively safeguard the legitimate rights and interests of the company and all shareholders, especially small and medium-sized shareholders.
Opinions of the independent directors of the company: we have carefully reviewed the financial report of the company in 2021 and the non-standard unqualified audit report issued by Tianjian Certified Public Accountants (special general partnership), and talked and communicated with the certified public accountants and the management of the company about the relevant contents of the financial report and audit report. We believe that, The contents of the non-standard unqualified audit report issued by Tianjian Certified Public Accountants (special general partnership) truthfully reflect the current situation of the company. We agree with the relevant explanation and handling of the matter by the board of directors of the company. It is hoped that the board of directors and the management will actively take practical measures to properly handle relevant matters, ensure the sustainable operation ability of the company, maintain the sustainable, stable and healthy development of the company, and effectively safeguard the rights and interests of all shareholders and investors. As an independent director of the company, we pay close attention to the relevant matters involved in the audit opinions issued by the audit institution, and will strictly urge the company to seriously implement and solve them to eliminate the impact of relevant matters. Opinions of the board of supervisors of the company: it agrees with the special explanation of the board of directors of the company on the audit report of non-standard opinions in 2021. The board of supervisors will earnestly perform its duties, supervise the performance of the board of directors and the management, and continue to urge the board of directors and the management to take effective measures as soon as possible to reduce and eliminate the adverse impact of the matters involved on the company and ensure the sustainable operation ability of the company, Earnestly safeguard the legitimate rights and interests of the company and all shareholders, especially minority shareholders, and ensure the sustainable, stable and healthy development of the company. 4、 Measures to be taken to eliminate relevant matters and their impact
In view of the major uncertainty of sustainable operation involved in the non-standard opinions, the board of directors and management of the company have actively formulated relevant measures to improve operation, enhance liquidity and ensure the sustainable operation ability of the company. The specific measures are as follows:
1. Improve asset quality and profitability; 2. Create a "central kitchen" middle desk, reduce the cost of systematic training and improve the efficiency and effect of training; 3. Optimize the management of class consumption and improve the operating income; 4. Reduce costs and increase efficiency, control costs and reduce cash expenditure; 5. Actively seek support or financing from local governments and banks to alleviate capital pressure. It is hereby announced.
Kaiyuan Education Technology Group Co.Ltd(300338) board of directors April 29, 2022
