Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-035

Anhui Tongfeng Electronics Co., LTD
Announcement of the resolution of the ninth meeting of the Eighth 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.

I. The holding of meetings of the Board of Supervisors

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. The notice and documents of the meeting of the Board of Supervisors shall be sent to all supervisors of the Company in writing and by fax on August 14, 2020.

3. This meeting of the Board of Supervisors will be held on August 24, 2020 by means of a vote by communication.

4. At this meeting of the Board of Supervisors, 3 supervisors shall participate in voting, and 3 supervisors shall actually participate in voting.

Ii. Review of the Board of Supervisors meeting

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

From January to June in 2020, the company made corresponding impairment reserves for various impaired assets. In the current period, allowance for bad debts was 2,556,400 yuan; allowance for bad debts was 8,219,700 yuan transferred or transferred; allowance for bad debts was 3,305,500 yuan written off; In the current period, the reserve for inventory decline was 3,382,500 yuan, and the reserve for carrying back or selling down was 4,170,400 yuan; The impairment reserve due to disposal of fixed assets for the current period was 109,800 yuan.

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

2. Deliberating and passing motions on implementing new revenue standards and changing relevant accounting policies;

The Board of Supervisors agreed that: the company's accounting policy change is a reasonable change and adjustment in accordance with the provisions of relevant documents of the Ministry of Finance, and the implementation of the new accounting policy is conducive to objectively and fairly reflecting the company's financial condition and operating results; The relevant decision-making procedure is in accordance with relevant laws and regulations, normative documents and the Articles of Association of the Company, and there is no harm to the interests of the company and all shareholders, especially minority shareholders.

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

3. Review and approve the semi-annual report and summary of the company for 2020.

The Board of Supervisors agreed that:

(1) The preparation and review procedure of the Company's semi-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 semi-annual report and summary for 2020 conform to the relevant regulations of China Securities Regulatory Commission and Shanghai Stock Exchange, and the semi-annual report fairly reflects the company's financial position and operating results in the first half of 2020 and other matters.

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

(4) The Board of Supervisors shall guarantee that the information disclosed in the semi-annual report of the Company in 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.

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

This is to announce.