Stock Code: 000689
Stock Abbreviation: ST Hongye
Announcement No.: 2002-013
The board of directors of Shantou Hongye (Group) Co., Ltd. guarantees the truthfulness, accuracy, and completeness of the announcement content and bears joint liability for any false records, misleading statements, or significant omissions.
The second board of directors held its first meeting for 2002 on April 16, 2002, at the Garden Hotel in Shantou. Out of 9 directors, 5 were present, and 4 authorized other directors to attend and vote. Supervisors and senior management attended the meeting, which resulted in the following resolutions:
- Reviewed and approved the "2001 Board of Directors Work Report."
- Reviewed and approved the company's 2001 annual report and summary.
- Reviewed and approved the "Explanation of the 2001 Annual Audit Report by the Board of Directors."
- Agreed to make the following provisions:
- (1) Fixed asset impairment provision of 3,054,929.20 yuan due to auction and seizure, with an additional retrospective adjustment of 35,956,079.76 yuan.
- (2) Intangible asset impairment provision of 2,004,207.95 yuan due to poor geographical conditions and seizure, using the retrospective adjustment method.
- (3) Bad debt provision of 177,671,326.41 yuan for receivables aged over five years or for companies that have completely lost their ability to continue operations or cannot be contacted.
- (4) Long-term investment impairment provision of 35,066,667.12 yuan due to difficulties faced by invested units or projects and poor investment environment.
- (5) Estimated liabilities of 223,640,000.00 yuan due to guarantees with first-instance judgments or overdue loans from principal debtors.
- Reviewed and approved the "2001 Financial Settlement Report."
- Reviewed and approved the company's 2001 profit distribution plan: no distribution, no capital increase.
- Agreed to nominate Cao Hongda, Gui Zhenliang, Lai Wensheng, Wang Dejun, Ye Tianpei, Huang Qinliang, Xie Ronghui, Han Xinhong, and others as candidates for the third board of directors. (Candidate resumes attached)
- Due to job changes, agreed to accept Ma Yongzhong and Lin Kaixiong's resignations from the position of deputy general manager. To improve the company's governance structure, agreed to accept Gui Zhenliang's resignation as financial director. Based on the nomination by General Manager Gui Zhenliang, Lin Yucheng, Zheng Heyong, and Xie Ronghui were appointed as deputy general managers, and Yao Zhenhao as financial director. (Resumes attached)
- Reviewed and approved the "Company Organizational Structure Proposal."
- Reviewed and approved the "Company Wage Reform and Personnel Restructuring Proposal."
- Reviewed and approved the "Amendment Proposal to the Company Articles of Association."
- Reviewed and approved the "Rules of Procedure for Board Meetings."
- Reviewed and approved the "Rules of Procedure for Shareholders' Meetings."
- Scheduled the 2001 shareholders' meeting for May 28, 2002.
Shantou Hongye (Group) Co., Ltd. Board of Directors
April 19, 2002
Stock Code: 000689
Stock Abbreviation: ST Hongye
Announcement No.: 2002-015
Shantou Hongye (Group) Co., Ltd. Notice of 2001 Annual Shareholders' Meeting
According to the resolutions made at the first meeting of the second board of directors in 2002, the board has decided to hold the 2001 annual shareholders' meeting at 9:00 AM on May 28, 2002, at the Garden Hotel in Shantou. The relevant matters are notified as follows: