Jinya Technology Co., Ltd. (hereinafter referred to as "the Company") held the second meeting of its fifth board of directors on April 27, 2020, at 10:00 AM in the company conference room, with the meeting notice delivered via email or phone on April 22, 2020. Five directors were supposed to attend, and all five actually participated. The meeting was convened in accordance with the relevant provisions of the Company Law and the Articles of Association. The meeting was chaired by Mr. Xiong Jianxin, the chairman of the board. After careful deliberation and voting by the attending directors, the following matters were unanimously approved:
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Proposal on Credit Impairment, Asset Impairment Losses, and Asset Write-offs
The board believes that the provisions for credit impairment, asset impairment losses, and asset write-offs are in line with the actual asset situation of the company and relevant policy regulations. After these provisions, the company's asset status will be more fairly reflected, making the accounting information regarding asset value more truthful and reliable. Detailed content can be found in the announcement published on the designated information disclosure website of the China Securities Regulatory Commission on the same day. This proposal is subject to review at the company's 2019 annual shareholder meeting.
Voting results: 5 votes in favor, 0 votes against, 0 abstentions. -
Proposal on Changes in Accounting Policies
The board believes that the changes in accounting policies are reasonable adjustments based on the latest accounting standards revised and issued by the Ministry of Finance, in compliance with relevant regulations and the actual situation of the company. The implementation of the changed accounting policies will objectively and fairly reflect the company's financial status and operating results. Detailed content can be found in the announcement published on the designated information disclosure website of the China Securities Regulatory Commission on the same day. This proposal is subject to review at the company's 2019 annual shareholder meeting.
Voting results: 5 votes in favor, 0 votes against, 0 abstentions.