Zhejiang Rongtai (603119): Zhejiang Rongtai Electrical Equipment Co., Ltd.’s statement on not disclosing the 2023 internal control evaluation report – CFi.CN China Finance Network

Original title: Zhejiang Rongtai: Zhejiang Rongtai Electrical Equipment Co., Ltd.’s explanation on not disclosing the 2023 internal control evaluation report

Company code: 603119 Company abbreviation: Zhejiang Rongtai

Zhejiang Rongtai Electrical Equipment Co., Ltd.
Explanation on the non-disclosure of the 2023 internal control evaluation report

1. Construction of internal control system
Zhejiang Rongtai Electrical Equipment Co., Ltd. (hereinafter referred to as the “Company”) has established a system consisting of the shareholders’ meeting, the board of directors, the independent The governance structure consists of directors, supervisory board and senior management.

The company has established the “Rules of Procedure for Shareholders’ Meetings”, “Rules of Procedure for Board of Directors”, “Rules of Procedure for Board of Supervisors”, “External Investment Management System”, “External Guarantee Management System”, “Raised Funds Management System” and “Information Disclosure Management System” that comply with the normative requirements for the governance of listed companies. “Working System for Independent Directors”, “Working Rules for General Manager”, “Working Rules for Board Secretary”, “Measures for the Management of Controlled (Share-Participating) Subsidiaries”, “Measures for the Management of Related Transactions”, “Investor Relations Management System”, “Insider Information Reporting System” and other internal system, and established special committees under the board of directors such as the Strategy Committee, Audit Committee, Remuneration and Appraisal Committee, and Nomination Committee.

The company’s organizational structure has a clear division of responsibilities, mutual cooperation, soundness and clarity, and the checks and balances mechanism operates effectively. The company has established various internal control systems to meet the company’s management needs based on the actual situation, and continuously improves and improves them based on the company’s development needs. The relevant internal control systems cover all aspects and links of the company’s business activities and internal management. The control system is complete, reasonable and effectively implemented.

The company will sort out, revise and improve the internal control system in a timely manner in accordance with the requirements of gradually improving and meeting the company’s sustainable development, ensuring that the design of the internal control system is complete and reasonable, and its implementation is effective, reasonably preventing various business risks, and continuously improving the company’s internal control construction level. , to ensure the company’s sustainable and stable development and protect the legitimate rights and interests of the company and shareholders.

2. Explanation of the failure to disclose the annual internal control evaluation report
1.Are there any special circumstances under which disclosure is not compulsory?
√Yes□No
Special circumstances for non-mandatory disclosure are: new listings

2.Specific situation description
According to the China Securities Regulatory Commission’s “Reply on Approving the Registration of the Initial Public Offering of Zhejiang Rongtai Electrical Equipment Co., Ltd.” (Securities Regulatory Commission License[2023]No. 1288), the company was officially listed on the Shanghai Stock Exchange on August 1, 2023, and issued 70 million A shares of RMB ordinary shares to the public for the first time.

According to relevant regulations: “Newly listed companies listed on the main board should start building an internal control system in the year of listing, and disclose the internal control evaluation report and internal control audit report at the same time as the annual report for the next year of listing.” The company is a newly listed company, so it has not disclosed the 2023 internal control evaluation report. The company will disclose the internal control evaluation report at the same time as the annual report for the next year.

Chairman (authorized by the board of directors): Cao Meisheng
Zhejiang Rongtai Electrical Equipment Co., Ltd.

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