002072SZSE

Explanation of the Significant Impact of the 2018 Audit Report's Disclaimer Being Eliminated by the Board of Directors

Kairuide Co., Ltd.·April 29, 2020

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The board of directors of Kairuide Holdings Co., Ltd. has clarified that the significant impacts related to the disclaimer in the 2018 audit report have been eliminated. Key issues included limitations in audit scope and uncertainties regarding asset recoverability. The company has taken corrective actions, including divesting certain subsidiaries and addressing litigation matters, ensuring compliance and improving financial reporting.

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AI Translation· azure_openai

Explanation of the Significant Impact of the 2018 Audit Report's Disclaimer Being Eliminated

On April 30, 2019, Zhongxi Certified Public Accountants (Special General Partnership) issued an audit report with a disclaimer of opinion on the financial statements of Kairuide Holdings Co., Ltd. (hereinafter referred to as "Kairuide" or "the Company") for the year 2018 (Audit Report No. [2019] 1146). The board of directors now provides the following explanation regarding the elimination of the impacts related to the disclaimer in the 2018 audit report:

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