The Financial Assistance Of The Noble Bird Is Not Disclosed In Time, And The Shanghai Stock Exchange Has Carried Out Supervision And Notification.

In October 10th, the Shanghai Stock Exchange disclosed that the financial contribution of 0.00,0.00% (4.110, 0.00,0.00%) (603555) was not submitted to the shareholders' meeting for deliberation, nor did it fulfill the obligation of information disclosure in time. The company also has problems of external financial assistance, such as not making financial calculation in accordance with the essence of transactions, and confirming assets disposal income in advance. Accordingly, the Shanghai Stock Exchange decided to supervise Zhou Shiyong, hung Chun Chun, the 2015 year to 2017 annual audit firm Tianjian accounting firm (special general partnership) and the annual auditor Huang Zhiheng and Zhang Tianci.

Through the Shanghai Stock Exchange, it was found that in 2015, 2016 and 2017, the precious birds contributed 1 billion 942 million yuan, 1 billion 745 million yuan and 1 billion 419 million yuan to the distributors respectively, accounting for 86.85%, 73.2% and 50.9% of the latest net audited assets of the company respectively, and the remaining financial subsidies at the end of the three year were 67 million 13 thousand yuan, 102 million 698 thousand and 600 yuan, 90 million 270 thousand yuan respectively. The above financial assistance matters reached the criteria for shareholders' meeting and information disclosure standards, but the company did not submit the above matters to the shareholders' meeting in time, nor did it fulfill the obligation of information disclosure in time. It was not until April 28, 2018 that the company disclosed the financial assistance matters for 2017. In May 18, 2018, the company held the annual general meeting of shareholders in 2017 to consider and approve the 2017 financial assistance matters. In May 18, 2018, the company disclosed the financial subsidy matters in 2015 and 2016 in the reply notice of the annual inquiry letter.

In addition, the Shanghai Stock Exchange found that, in the above 2015 and 2016 years, the daily provision and recovery of financial assistance to dealers was not done. The financial assistance and the normal sales were not distinguished from the accounting of the birds, and the accounts were not accounted for by other receivables according to the nature of transactions. All accounts were calculated through accounts receivable, resulting in the provision of bad debts for the 2015 and 2016 financial reports, which were 5 million 680 thousand and 100 yuan and 2 million 638 thousand and 500 yuan respectively. The net profit was 3 million 422 thousand and 400 yuan and 1 million 532 thousand and 800 yuan respectively, accounting for 1.03% and 0.52% of the net profit attributable to shareholders of listed companies respectively. Tianjian accounting firm (special general partnership) and certified public accountant Huang Zhiheng and Zhang Tianci, as the auditors and auditors of the financial statements of the 2015 to 2017 years, are not diligent in the audit process. They have been known to know the financial support provided by the birds through accounts receivable account, and record them in the manuscript. However, they did not keep their professional doubts in the company's financial statements subject to errors, which led to the failure to find the amount of bad debts in the 2015 and 2016 financial statements.

In addition, in 2017, the Quanzhou Business Investment Zone Management Committee intends to recover three usufruct of state-owned construction land in accordance with the established compensation plan, and the specific procedures are handled by the Quanzhou land reserve development center (hereinafter referred to as the "Quanzhou soil reserve center"). However, when the company did not sign the confirmation of delivery with the Quanzhou soil reserve center, the map of the collection and storage of the contract was completed in January 22, 2018. The Quanzhou soil reserve center only issued the receipt in March 2, 2018 to confirm the receipt of the state owned land use warrant. Therefore, the land acquisition and storage transaction was not completed in 2017. In 2017, the company recognized the proceeds of the land disposal in advance by 4 million 561 thousand and 100 yuan. The annual audit institution and the annual auditor failed to be diligent and conscientious. They did not maintain their due professional suspicion in connection with the audit evidence related to assets disposal income, resulting in failure to find accounting errors in disposal of company assets.