Bright Oceans Inter-Telecom Corporation(600289)
Performance report of the audit committee of the board of directors in 2021
In accordance with the relevant provisions of the standards for the governance of listed companies, the Listing Rules of Shanghai Stock Exchange, the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 - standardized operation, the articles of association, the detailed rules for the implementation of the audit committee of the board of directors and the working procedures for the annual report of the audit committee of the board of directors of the company, As a member of the audit committee of Bright Oceans Inter-Telecom Corporation(600289) (hereinafter referred to as "the company") in 2021, I hereby report to the board of directors on the performance of my duties in 2021 as follows:
1、 Basic information of the audit committee of the board of directors:
The audit committee of the 8th board of directors of the company is currently composed of two independent directors and one director, of which the convener is Ms. Chen Jinrong, an independent director.
2、 Meetings of the audit committee of the board of directors in 2021
During the reporting period, the audit committee of the board of directors actively performed its duties in accordance with the company law, the articles of association, the detailed rules for the implementation of the audit committee of the board of directors, the working procedures for the annual report of the audit committee of the board of directors and other relevant provisions, as follows:
The summary of the audit institution of the year 2020 and the 9th Annual Meeting of the board of directors of the company were reviewed and approved, and the summary of the audit institution of the year 2021 and the report of the 9th Annual Meeting of the board of directors of the company were submitted to the 26th meeting of the board of directors of the year 2021.
On April 26, 2021, the audit committee of the board of directors held a meeting, considered and adopted the company's first quarter report of 2021, and submitted it to the ninth meeting of the eighth board of directors for deliberation.
On August 16, 2021, the audit committee of the board of directors held a meeting to consider and adopt the company's 2021 semi annual report and summary, which was submitted to the 14th meeting of the eighth board of directors for deliberation.
On October 25, 2021, the audit committee of the board of directors held a meeting, deliberated and adopted the report and summary of the third quarter of 2021, and submitted it to the 16th meeting of the eighth board of directors for deliberation. During the review of the report of the third quarter of 2021, Mr. Wang Xiaoning, a director and member of the audit committee, put forward the following opinions and suggestions: 1. The company has cross period revenue recognition, which has a significant impact on the revenue and profit of the third quarter, and should be adjusted in the annual report of 2021 to accurately reflect the operating results;
2. The internal financial system for revenue recognition shall be adjusted accordingly according to the new revenue standards;
3. The appointment and authorization of the chief financial officer are issued by the board of directors and implemented by the management. For the implementation of authorization, it is suggested that the board of directors should instruct special personnel to supervise;
4. We should strictly distinguish between R & D expenses and operating costs, especially the salary and other income of product line personnel, so as to ensure the accuracy of gross profit margin.
The above issues should be paid attention to and adjusted in the 2021 annual report.
3、 Annual audit work of the audit committee of the board of directors in 2020
(I) evaluate the independence and professionalism of audit institutions
Dahua Certified Public Accountants (special general partnership) has followed the professional standards of independence, objectivity and impartiality since its appointment. In the annual audit service in 2020, adhering to the working attitude of scrupulously abiding by its duties, Dahua Certified Public Accountants (special general partnership) has better completed all the work entrusted by the company.
(II) discuss and communicate the audit scope, audit plan, audit method and major matters found in the audit with the external audit institution.
(III) coordinate the communication between the management, independent directors and external audit institutions
During the preparation of the company's 2020 annual report, the audit committee of the board of directors strictly implemented the relevant requirements of the detailed rules for the implementation of the audit committee of the board of directors, and promoted the implementation and implementation of the working procedures for the annual report of the audit committee of the board of directors, including reporting and communication. Coordinate the communication between the company's management, independent directors and external audit institutions to ensure the smooth completion of the audit in 2020.
(IV) carefully review the periodic report, fully communicate with the company's management on the problems found in the review process, and put forward rectification opinions and suggestions.
4、 Submit a proposal to the board of directors on renewing the appointment of Dahua Certified Public Accountants (special general partnership)
The audit committee of the board of directors summarized the audit work of Dahua Certified Public Accountants (special general partnership) in 2021 and believed that Dahua Certified Public Accountants (special general partnership) was able to audit the company in accordance with the independent audit standards for Chinese certified public accountants, carried out the work diligently, expressed opinions fairly and reasonably, and completed the audit work of the company on time. His qualifications such as securities and futures related business license can meet the qualification requirements for providing audit services for the company. It is recommended that the board of directors continue to hire Dahua Certified Public Accountants (special general partnership) as the company's audit institution and internal control audit institution in 2022 for one year.
5、 Overall evaluation
During the reporting period, the audit committee of the board of directors performed the duties of the audit committee with due diligence in accordance with the standards for the governance of listed companies, the stock listing rules of Shanghai Stock Exchange, the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 - standardized operation, the articles of Association and other relevant provisions. Members of the audit committee of the board of directors:
Chen Jinrong, Guo Jiesheng, Wang Xiaoning
Bright Oceans Inter-Telecom Corporation(600289) board of directors audit committee April 27, 2022
