Important Notes, Directory, and Definitions
The Board of Directors, Supervisory Board, and senior management of Kairuide Holding Co., Ltd. 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 responsibility. The responsible person, Li Yanmei, head of accounting, Sun Chen, and head of the accounting institution (accounting supervisor), Li Jiang, declare: they ensure the truthfulness, accuracy, and completeness of the financial report in the annual report. All directors attended the board meeting to review this report. Asia Pacific (Group) CPA Firm (Special General Partnership) issued a qualified audit report (Ya Hui A Audit No. [2020] 0737) for the company. The Board of Directors and Supervisory Board have provided detailed explanations on related matters; investors are advised to read carefully. Asia Pacific (Group) CPA Firm (Special General Partnership) audited the company's internal controls for 2019 and issued a negative opinion in the internal control audit report (Ya Hui A Special Audit No. [2020] 0127). Investors should pay attention to the internal control situation and the relevant content of the internal control audit report in the "Corporate Governance" section of this annual report. The forward-looking statements regarding future plans and development strategies in the 2019 annual report do not constitute substantial commitments to investors; investors and related parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments, and pay attention to investment risks. The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves.
Directory
- Important Notes, Directory, and Definitions ................................................................................................... 2
- Company Profile and Key Financial Indicators ................................................................................................. 5
- Company Business Overview .......................................................................................................................... 9
- Discussion and Analysis of Operating Conditions .......................................................................................... 11
- Important Matters ........................................................................................................................................... 22
- Changes in Shares and Shareholder Information .......................................................................................... 60
- Preferred Shares Information ......................................................................................................................... 65
- Convertible Bonds Information .................................................................................................................... 66
- Directors, Supervisors, Senior Management, and Employee Information ....................................................... 67
- Corporate Governance .................................................................................................................................. 73
- Company Bonds Information ....................................................................................................................... 79
- Financial Report ........................................................................................................................................... 80
- Directory of Documents for Reference ...................................................................................................... 204