Important Notes, Directory, and Definitions
The Board of Directors, Supervisory Board, and senior management of the company guarantee that the content of the annual report is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibilities. The person in charge of the company, Meng Jiangbo, and the head of accounting work, the financial department, and the accounting institution (accounting supervisors) declare: they guarantee the truthfulness, accuracy, and completeness of the financial report in this annual report. All directors have attended the board meeting to review this report. Shenzhen Tangtang Accounting Firm (General Partnership) issued an audit report with no opinion on the company's 2020 financial accounting report (Tangtang Audit No. [2021] 020). The Board of Directors and Supervisory Board have provided detailed explanations on related matters; investors are advised to read carefully and pay attention to investment risks. The company's future operational outlook in this report is based on the current macroeconomic policies, market conditions, and actual circumstances of the company, and does not constitute a performance commitment. The company has detailed the risk factors in this report; please refer to the discussion and analysis section regarding the risks the company may face in future development, and pay attention to investment risks. The company plans not to distribute cash dividends, issue bonus shares, or increase capital reserves.
Directory
- Important Notes, Directory, and Definitions ....................................................................................................... 6
- Company Profile and Key Financial Indicators ................................................................................................. 11
- Company Business Overview ..................................................................................................................... 13
- Discussion and Analysis of Operating Conditions .......................................................................................... 25
- Important Matters ........................................................................................................................................... 46
- Changes in Shares and Shareholder Information ........................................................................................... 52
- Preferred Shares Information ....................................................................................................................... 52
- Convertible Bonds Information .................................................................................................................... 52
- Information on Directors, Supervisors, Senior Management, and Employees .................................................. 53
- Corporate Governance .................................................................................................................................. 54
- Corporate Bonds Information ..................................................................................................................... 61
- Financial Report ........................................................................................................................................... 67
- Directory of Documents for Reference ....................................................................................................... 16