Iceberg Cold & Heat Technology Co., Ltd.
Iceberg Cold & Heat Technology Co., Ltd.
Iceberg Cold & Heat Technology Co., Ltd.
Iceberg Cold & Heat Technology Co., Ltd.

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2. 2019 Annual Work Report of the Company’s Supervisory Board

2019 Document No. 2 for the Annual General Meeting

 

2019 Annual Work Report of the Company’s Supervisory Board

 

Dear Shareholders:

Hereby, the 2019 work report of the Company’s Supervisory Board is submitted to the Shareholders’ Meeting for your consideration.

I. Status of the Supervisory Board Meeting

In 2019, the company’s Supervisory Board held four meetings.

1. The First Session of the Eighth Term of the Supervisory Board was held on January 17, 2019, in the Company’s Third-Floor Conference Room. At the meeting, the proposal to elect Mr. Hu Xitang as Chairman of the Eighth-Term Supervisory Board was reviewed and approved.

2. The Second Session of the Eighth Term of the Supervisory Board was held on April 19, 2019, in the Company’s Third-Floor Conference Room. At the meeting, the following items were reviewed and approved: the Supervisory Board’s 2018 Work Report; the audit opinions on the 2018 Annual Report and the First Quarter 2019 Report; the opinions on the Company’s 2018 Internal Control Evaluation Report; and the opinions on the Company’s 2018 Corporate Social Responsibility Report.

3. The Third Session of the Eighth Term of the Supervisory Board was held on August 23, 2019, in the Company’s Third-Floor Conference Room. The meeting reviewed and approved the written audit opinions on the 2019 Semi-Annual Report.

4. The fourth meeting of the eighth session of the Supervisory Board was held on October 25, 2019, in the Company’s third-floor conference room. The meeting reviewed and approved the written audit opinions on the Third Quarter Report for 2019.

II. Independent Opinion on the Company’s Material Matters for the Year 2019

The Supervisory Board hereby expresses the following independent opinion on the following matters:

1. Compliance with the law in the company’s operations. The company’s decision-making procedures are lawful, and a relatively comprehensive internal control system has been established. During the performance of their duties, the company’s directors and managers have not engaged in any conduct that violates laws, regulations, or the company’s articles of association, nor have they acted to the detriment of the company’s interests.

2. Financial condition of the company. Shinewing Zhonghe Certified Public Accountants has issued an unqualified audit report. The financial statements faithfully reflect the company’s financial position and operating results.

3. During the reporting period, the company’s related-party transactions primarily involved the procurement of complete project-supporting products from affiliated companies and the sale of supporting components. Such related-party transactions were conducted on a fair basis and did not prejudice the company’s interests.

4. The provision for asset impairment made by the Company for the year 2019 is consistent with the actual condition of the assets and with the relevant policy requirements; the Board of Directors’ decision-making procedures regarding this matter are lawful and conducive to the provision of reliable and accurate accounting information.

5. The Company has established and implemented a comprehensive system for the registration and management of persons with access to inside information in accordance with applicable regulations. During the reporting period, no directors, supervisors, or senior management personnel engaged in unauthorized trading of the Company’s shares.

 

Supervisory Board of BingShan Cold & Heat Technology Co., Ltd.

May 15, 2020

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