Securities code: 600237 Securities abbreviation: Tongfeng Electronic Announcement Number: Lin 2021-008

Anhui Tongfeng Electronics Co., LTD
Announcement of the resolution of the fourth meeting of the Ninth Board of Supervisors

The board of Supervisors and all the supervisors of the company guarantee that there is no false record, misleading statement or major omission in the content of this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of the content.

1. The meeting of the Board of Supervisors is held in accordance with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association.

2. Notice and documents of the meeting of the Board of Supervisors shall be issued to all supervisors of the Company in written form on April 14, 2021.

3. The meeting of the Board of Supervisors will be held on site on April 25, 2021 in the conference room of Tongfeng Industrial Park, Tongling Economic and Technological Development Zone, Tongling City, Anhui Province.

4. Three supervisors shall attend the meeting of the Board of Supervisors, and three supervisors actually attend the meeting.

5. The meeting of the Board of Supervisors shall be presided over by Mr. Liu Sihe, Chairman of the Board of Supervisors.

Ii. Review of the Board of Supervisors meeting

1. Review and approve 2020 General manager business report;

There were 3 votes in favor, 0 against, and 0 abstentions.

2. Review and approve the text and abstract of the company's 2020 annual report;

There were 3 votes in favor, 0 against, and 0 abstentions.

The Board of Supervisors reviewed the Company's annual report and Summary for 2020 and unanimously agreed that:

(1) The preparation and review procedure of the Company's annual report and summary for 2020 shall comply with relevant laws and regulations, the Articles of Association and other relevant laws and regulations.

(2) The content and format of the Company's 2020 annual report and summary are in line with the relevant regulations of China Securities Regulatory Commission and Shanghai Stock Exchange, and the annual report fairly reflects the company's 2020 financial position, operating results and other matters.

(3) During the preparation of the annual report and summary for 2020, no personnel involved in the preparation and review of the annual report have been found to violate the confidentiality provisions.

(4) The Board of Supervisors shall guarantee that the information disclosed in the Company's annual report and summary for 2020 is true, accurate and complete, without any false records, misleading statements or major omissions, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

3. Review and approve the Company's 2020 financial final account report and 2021 financial budget report;

There were 3 votes in favor, 0 against, and 0 abstentions.

4. Deliberating and passing motions on the provision for asset impairment;

There were 3 votes in favor, 0 against, and 0 abstentions.

The Board of Supervisors believes that: the company in accordance with the accounting standards for business enterprises and relevant provisions of asset impairment reserves, in line with the actual situation of the company, after the provision can more fairly reflect the company's assets. The board of directors' decision procedure on this matter is legal and agrees that the company will make provision for impairment of various assets this time.

5. Review and approve the company's 2020 profit distribution plan;

There were 3 votes in favor, 0 against, and 0 abstentions.

In view of the negative profit distribution available to shareholders of the parent company in 2020, the plan of profit distribution in 2020 is: no distribution, and no conversion of accumulation fund into additional share capital. The Board of Supervisors considers that the 2020 annual profit distribution plan proposed by the Board of directors conforms to the actual situation of the company and does not violate the cash dividend policy stipulated in the Articles of Association, and agrees to submit the plan to the board of directors of the Company and the general meeting of shareholders for deliberation.

6. Reviewed and approved the 2020 internal control evaluation report;

There were 3 votes in favor, 0 against, and 0 abstentions.

7. Deliberating and adopting the compensation settlement of directors, supervisors and senior managers of the Company in 2020;

There were 3 votes in favor, 0 against, and 0 abstentions.

8. Deliberating and adopting the 2021 compensation proposals for directors, supervisors and senior managers;

There were 3 votes in favor, 0 against, and 0 abstentions.

9. Reviewed and approved the work report of the Board of Supervisors in 2020;

There were 3 votes in favor, 0 against, and 0 abstentions.

Independent opinion of the Board of Supervisors:

(1) Independent opinions of the Board of Supervisors on the legal operation of the company

The work of the board of directors in 2020 shall be conducted in strict accordance with the Company Law, the Securities Law, the Rules of Shanghai Stock Exchange for Listing Stocks, the Articles of Association and other relevant laws and regulations. The work is serious and responsible, the decision-making is scientific and reasonable, and the procedures are standardized and legal. The directors and general managers of the company shall not violate laws, regulations, articles of association or harm the interests of the company when performing the duties of the company.

(2) Independent opinions of the Board of supervisors on the examination of the company's financial situation

The Board of Supervisors of the company conducted a careful and meticulous inspection of the financial system and financial condition of the company. The board of Supervisors believed that the standard unqualified opinion audit report issued by Rongcheng Certified Public Accountants (Special General Partnership) for the financial report of the company in 2020 was objective and fair, and could truly reflect the financial condition and operating results of the company.

(3) Internal control evaluation report

The Board of supervisors audited the Board of Directors' internal control evaluation report of the company in 2020, and believed that the company has established a relatively perfect internal control system and can be effectively implemented. The company's internal control evaluation report truly and objectively reflects the construction and operation of the company's internal control system.

(4) The independent opinion of the Board of Supervisors on the actual investment of the company's latest fund raising

The Company has no deposit and use of raised funds in this reporting period.

(5) Independent opinions of the Board of Supervisors on the acquisition and sale of assets by the Company

During the reporting period, in order to improve the overall supporting capacity and reduce the amount of related purchases, Tongling Tongfeng Capacitor Co., LTD., a wholly-owned subsidiary of the company, purchased part of equipment assets from related parties at assessed value. The related transaction conducted a special evaluation on the underlying assets, and the transaction pricing was fair, without harming the interests of the company and other non-affiliated shareholders, especially minority shareholders.

(6) Independent opinions of the Board of Supervisors on related transactions of the company

During the reporting period, the company strictly followed the principles of openness, fairness, reasonableness and benefit in all related transactions due to objective circumstances, and no behaviors harming the interests of the listed company were found.

10. Review and approve the Company's report for the first quarter of 2021.

There were 3 votes in favor, 0 against, and 0 abstentions.

The Board of Supervisors reviewed the Company's report for the first quarter of 2021 and agreed that:

(1) The preparation and review procedures of the Company's report for the first quarter of 2021 shall comply with relevant laws and regulations, the Articles of Association and other relevant laws and regulations.

(2) The content and format of the Company's report for the first quarter of 2021 comply with the relevant regulations of China Securities Regulatory Commission and Shanghai Stock Exchange, and the quarterly report fairly reflects the Company's financial position and operating results and other matters in the first quarter of 2021.

(3) During the preparation of the report for the first quarter of 2021, no personnel involved in the preparation and review of the quarterly report were found to have violated the confidentiality provisions.

(4) The Board of Supervisors shall guarantee that the information disclosed in the Company's report for the first quarter of 2021 is true, accurate and complete without any false records, misleading statements or major omissions, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

This is to announce.