Important Notice
This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial status, and future development plans, investors should carefully read the full annual report published in designated media by the China Securities Regulatory Commission.
Independent Directors' Dissenting Statements
Names and Positions: Jiang Jianlin, Chen Jun, Yu Bo, Independent Directors
Content and Reasons:
- Although the management plans to take measures to improve the company's operational and financial conditions, the company's sustainable operational capability in 2020 has not been effectively improved, and some subsidiaries failed to complete rectification work on time.
- The company did not effectively resolve issues related to illegal guarantees in 2020, leading to significant deficiencies in the execution of internal control systems, and the investigation is still ongoing. We cannot assess the impact of these matters on the financial statements or sustainable operations.
- In 2020, based on business resources, future development advantages, and land assets owned by subsidiaries, the company has not yet impaired certain long-term assets, and we cannot assess the impact of these matters on the financial statements or sustainable operations.
For these reasons, we cannot guarantee the truthfulness, accuracy, and completeness of the content of the 2020 annual report, nor can we ensure that there are no false records, misleading statements, or significant omissions. We abstain from voting on the proposal regarding the "2020 Annual Report and its Summary."
Risk Warning for Dissenting Statements
The independent directors Jiang Jianlin, Chen Jun, and Yu Bo cannot guarantee the truthfulness, accuracy, and completeness of the annual report's content. Investors should pay special attention to the dissenting statements made by these independent directors.
Attendance at the Board Meeting
Except for the following directors, all other directors attended the board meeting to review this annual report.
Names of Directors Not Present:
- Name: [Not specified]
- Position: [Not specified]
- Reason for Absence: [Not specified]
- Proxy Name: [Not specified]
Non-standard Audit Opinion
√ Applicable □ Not Applicable
Zhongxinghua Accounting Firm (Special General Partnership) issued an audit report with no opinion on the company. The board of directors and the supervisory board have provided detailed explanations regarding the relevant matters; investors are advised to read them carefully.
Profit Distribution Plan
□ Applicable √ Not Applicable
The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves.
Basic Company Information
- Company Overview
- Stock Abbreviation: *ST Great Wall
- Stock Code: 002071
- Stock Exchange: Shenzhen Stock Exchange
- Previous Stock Abbreviation: [If applicable]
- Change Date: March 22, 2021, the stock abbreviation changed from "*ST Great Wall" to "Great Wall Retreat."
- Contact Person: Zhao Feifan (acting)
- Office Address: 683 Wen'er West Road, Xixi Wetland Creative Industry Park, Hangzhou, Zhejiang Province
- Phone: 0571-85026150
- Email: chinaccys@126.com