Jin Ya Technology Co., Ltd. (hereinafter referred to as "the Company") held the second meeting of its fifth supervisory board on April 27, 2020, in the company conference room. The meeting notice and documents were sent to all supervisors via email on April 22, 2019. There were 3 supervisors present at the meeting, which was chaired by Ms. Xiong Ling. The meeting was conducted in accordance with the relevant provisions of the Company Law and the Articles of Association. The following proposals were reviewed and approved:
- Proposal on Credit Impairment, Asset Impairment Losses, and Asset Write-offs
To more accurately reflect the Company's assets and financial status as of December 31, 2019, the Company organized personnel to analyze and evaluate relevant assets in accordance with the relevant provisions of the Accounting Standards for Business Enterprises and the Company's accounting policies. The supervisory board believes that the provisions for credit impairment, asset impairment losses, and asset write-offs are in line with the actual situation of the Company's assets and relevant policy regulations, and the decision-making procedures of the board of directors are legal. The provisions will enhance the reliability of the accounting information regarding asset values. 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. All members of the supervisory board guarantee that the announcement content is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Voting results: 3 votes in favor, 0 votes against, 0 abstentions.
This proposal will also be submitted to the 2019 annual shareholders' meeting for review.