REG - SDIC Power Holdings - Notice of the 2024 seventh EGM

SDIC Power Holdings CoAnnouncement

09/12/2024 11:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241209:nRSI3210Pa&default-theme=true

RNS Number : 3210P  SDIC Power Holdings Co., LTD  09 December 2024

SDIC Power Holdings CO., LTD.

(GDR under the symbol: "SDIC")

NOTICE OF THE 2024 SEVENTH EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 2024 Seventh Extraordinary General Meeting of
SDIC Power Holdings CO., LTD. will be held at Room 207, No.147 Xizhimen
Nanxiao Street, Xicheng District, Beijing, the PRC, on Wednesday, 25 December
2024 at 14:00 p.m., for the purpose of considering, and if thought fit,
passing the following resolution.

ORDINARY RESOLUTION

1. To consider and approve the Proposal on Renewal of Employment of the
Accounting Firm

 

 

The Board of Directors of SDIC Power Holdings CO., LTD.

December 9, 2024

 

 

 

The resolutions hereunder contain the English translation of the Chinese
version of "Meeting materials for the 2024 Seventh Extraordinary General
Meeting" as published on the website of the Shanghai Stock Exchange, and are
provided for your reference only. In case of discrepancy between the Chinese
version and the English version, the Chinese version shall prevail.

 

Proposal I

SDIC Power Holdings Co., Ltd.

Proposal on Renewal of Employment of the Accounting Firm

 

Dear shareholders and shareholders' representatives,

SDIC Power Holdings Co., Ltd. (hereinafter referred to as the Company) plans
to hire BDO China Shu Lun Pan CPAs (Special General Partnership) (hereinafter
referred to as the Firm) as the audit institution for the year 2024, which
will take effect from the date of approval by the Company's general meeting of
shareholders. The details are as follows:

I. Basic facts of the Firm

(I) Basic information

1. Firm name: BDO China Shu Lun Pan CPAs (Special General Partnership)

2. Date of establishment: January 24, 2011

3. Organizational form: special general partnership enterprise

4. Registered address: 4F, No. 61, East Nanjing Rd, Huangpu District Shanghai

5. Chief partner: Mr. Zhu Jiandi

6. As of December 31, 2023, there were 278 partners (shareholders) and 2,533
certified public accountants in the Firm. 693 CPAs have signed audit reports
on securities services.

7. The operating revenue of the Firm in 2023 reached 5.001 billion yuan,
including 3.516 billion yuan for audit and 1.765 billion yuan for securities.

8. In 2023, the Firm audited the annual reports of 671 listed companies, with
a total fee of 832 million yuan. The main industries involved included
computer, communication and other electronic equipment manufacturing,
specialized equipment manufacturing, power and thermal production and supply,
software and IT services, chemical raw materials and chemical products
manufacturing, pharmaceutical manufacturing, electrical machinery and
equipment manufacturing, general equipment manufacturing, and so forth. The
Firm even audited 4 other listed companies in the same industry.

(II) Investor protection capability

The Firm has purchased occupational insurance that complies with relevant
regulations and covers civil liability for providing audit services in
accordance with the law. The cumulative compensation limit for its
occupational insurance in 2023 was 1.25 billion yuan.

Civil liabilities in civil litigation related to professional practices in the
past three years:

 Plaintiff (Applicant)  Defendant (Respondent)                                                    Litigation (Arbitration) Matter                             Litigation (Arbitration) Amount          Litigation (Arbitration) Result
 Investors              Geeya Technology, Zhou Xuhui, Shu Lun Pan CPAs                            2014 Annual Report                                          More than 10 million yuan in litigation  Joint and several liability; the occupational insurance maintained by Shu Lun
                                                                                                                                                                                                       Pan CPAs is sufficient to cover the amount of compensation, and all judgments
                                                                                                                                                                                                       in force have been fulfilled.
 Investors              Protruly, Northeast Securities, Yinxin Appraisal, Shu Lun Pan CPAs, etc.  2015 Restructuring, 2015 Annual Report, 2016 Annual Report  800,000 yuan                             The first instance judgment stated that Shu Lun Pan CPAs should be liable for
                                                                                                                                                                                                       supplementary compensation of 15% of the debts incurred by Protruly to
                                                                                                                                                                                                       investors from December 30, 2016 to December 14, 2017 as a result of
                                                                                                                                                                                                       securities misrepresentation, and the occupational insurance maintained by Shu
                                                                                                                                                                                                       Lun Pan CPAs is sufficient to cover the amount of compensation.

 (III) Credibility record

Over the past three years, the Firm has been subject to zero criminal
penalties, one administrative penalty, 29 enforcements of supervision and
management, one enforcement of self-supervision and zero disciplinary actions
for its professional practices, with 75 employees involved.

II. About the project

(I) Basic information

Proposed signing partner: Ms. Shi Aihong, who obtained the qualification of
Chinese CPA in 2010, started auditing listed companies in 2010, started
practicing for the Firm in 2012, and began providing audit services for the
Company in 2023, and who has signed and reviewed 7 listed companies in the
past three years.

Proposed quality-control reviewer (independent review partner): Mr. Xie
Dongliang, who obtained the qualification of Chinese CPA in 2012, started
auditing listed companies in 2012, started practicing for the Firm in 2022,
and began providing audit services for the Company in 2023, and who has signed
and reviewed 5 listed companies in the past three years.

Proposed signing CPA: Mr. Han Dawei, who obtained the qualification of Chinese
CPA in 2024, started auditing listed companies in 2024, started practicing for
the Firm in 2024, and began providing audit services for the Company in 2024,
and who hasn't signed or reviewed any listed company in the last three years.

(II) Credibility record

The project partner, signing CPA and quality-control reviewer have not been
punished for their professional practices in the past three years, nor have
they been subject to any administrative penalties or enforcement of
supervision and management from China Securities Regulatory Commission and its
dispatched agencies or relevant competent authorities, and nor have they been
subject to any enforcement of self-supervision or disciplinary actions from
self-supervisory organizations such as stock exchanges and professional
associations.

(III) Independence

The Firm, project partner, signing CPA, quality-control reviewer and other
practitioners have not violated the requirements for independence stated in
China Code of Ethics for Certified Public Accountants.

(IV) Audit fee

The audit fee for the 2024 annual report is 4.523 million yuan, and the fee
for internal control audit is 1 million yuan, with an increase of 4.21 percent
compared to the previous year. This is determined by the professional skills,
types of work and workload as well as the number of employees, working days
and daily fee for each employee required by audit services that the Firm
provides.

The above proposal was approved on November 18, 2024 at the 38th meeting of
the 12th Board of Directors and the 19th meeting of the 12th Supervisory
Committee of the Company, and is hereby presented to you for deliberation.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGEANANEEFLFEA