Work Report of the Supervisory Board of Great Wall Movie and Television Co., Ltd. for the Year 2020
In 2020, the Supervisory Board of Great Wall Movie and Television Co., Ltd. (hereinafter referred to as "the Company") strictly adhered to the relevant provisions of the Company Law, Securities Law, Articles of Association, and Rules of Procedure for the Supervisory Board, fulfilling its duties with a sense of responsibility towards all shareholders. The board diligently monitored the effectiveness of the company's internal control system, reviewed the financial status and preparation of financial reports, and supervised the legality and compliance of the duties performed by the directors, general manager, and other senior management personnel, ensuring the company's standardized operations. The main work of 2020 is summarized as follows:
I. Work of the Supervisory Board During the Reporting Period
The Supervisory Board completed its re-election on April 27, 2020. During the reporting period, the board held 8 meetings, and the convening and procedures of these meetings complied with the relevant provisions of the Company Law, Articles of Association, and Rules of Procedure for the Supervisory Board. The specific details are as follows:
| No. | Meeting Name | Date |
|---|---|---|
| 1 | 25th Meeting of the 6th Supervisory Board | January 3, 2020 |
| 2 | 26th Meeting of the 6th Supervisory Board | February 28, 2020 |
| 3 | 27th Meeting of the 6th Supervisory Board | April 10, 2020 |
| 4 | 1st Meeting of the 7th Supervisory Board | April 27, 2020 |
| 5 | 2nd Meeting of the 7th Supervisory Board | April 29, 2020 |
| 6 | 3rd Meeting of the 7th Supervisory Board | June 17, 2020 |
| 7 | 4th Meeting of the 7th Supervisory Board | August 26, 2020 |
| 8 | 5th Meeting of the 7th Supervisory Board | October 30, 2020 |
(1) 25th Meeting of the 6th Supervisory Board
On January 3, 2020, the 25th meeting of the 6th Supervisory Board was held in person, with 3 supervisors required to vote and 3 participating. The meeting reviewed and approved the proposal to change the company's auditing institution for the year 2019. The resolution was published on January 4, 2020, on the Giant Tide Information Network (http://www.cninfo.com.cn) and in the Securities Times.
(2) 26th Meeting of the 6th Supervisory Board
On February 28, 2020, the 26th meeting of the 6th Supervisory Board was held in person, with 3 supervisors required to vote and 3 participating. The meeting reviewed and approved the proposal for asset impairment provision and write-off of accounts receivable. The resolution was published on February 29, 2020, on the Giant Tide Information Network and in the Securities Times.
(3) 27th Meeting of the 6th Supervisory Board
On April 10, 2020, the 27th meeting of the 6th Supervisory Board was held in person, with 3 supervisors required to vote and 3 participating. The meeting reviewed and approved the proposal for the re-election of shareholder representatives to the 7th Supervisory Board. The resolution was published on April 11, 2020, on the Giant Tide Information Network and in the Securities Times.
(4) 1st Meeting of the 7th Supervisory Board
On April 27, 2020, the 1st meeting of the 7th Supervisory Board was held in person, with 3 supervisors required to vote and 3 participating. The meeting reviewed and approved the proposal to elect the chairman of the 7th Supervisory Board. The resolution was published on April 28, 2020, on the Giant Tide Information Network and in the Securities Times.