Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-034

Anhui Tongfeng Electronics Co., LTD
Announcement of resolution of 12th Meeting of 8th Board of Directors

The board of directors and all the directors of the Company warrant that there is no false record, misleading statement or material 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 Board of Directors meetings

1. The meeting of the Board of Directors 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 board meeting shall be sent to all directors of the Company in writing and by fax on August 14, 2020.

3. This Board meeting will be held on August 24, 2020 by communication vote.

4. At this board meeting, 7 directors shall participate in voting, and 7 directors actually participate in voting.

Ii. Review of the Board 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 7 votes in favor of this bill, 0 against it, and 0 abstentions.

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

The Board of Directors of the Company believes that this change in accounting policy is a reasonable change in accordance with the relevant documents of the Ministry of Finance, in line with the relevant regulations of the Ministry of Finance, the China Securities Regulatory Commission and the Shanghai Stock Exchange, which can more objectively and fairly reflect the financial position and operating results of the Company and in line with the interests of the Company and all shareholders.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

The detailed content of this motion can be found in the Company's Announcement on Implementing the New Revenue Standards and changing the relevant Accounting Policies.

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

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.


This is to announce.