Financial Performance - For the six months ended June 30, 2023, the company reported a loss from continuing operations of RMB 3,664,000, a significant improvement compared to a loss of RMB 80,865,000 in the same period of 2022, representing a reduction of approximately 95.5%[7] - The total comprehensive loss for the period was RMB 3,664,000, down from RMB 82,144,000 in the prior year, marking a decrease of approximately 95.5%[10] - The basic and diluted loss per share from continuing and discontinued operations was RMB 0.0004, compared to RMB 0.0080 in the same period last year, indicating a decrease of 95%[13] - For the six months ended June 30, 2023, the company reported a total loss of RMB 3,664,000, compared to a loss of RMB 76,718,000 for the same period in 2022, indicating a significant improvement in performance[48] - The total reported segment loss for the six months ended June 30, 2023, was RMB 3,664,000, compared to a total loss of RMB 80,865,000 for the same period in 2022, showing a reduction in overall losses[38] Revenue and Income - The company has not reported any revenue for the current period, maintaining the same status as the previous year[7] - The company has not reported any revenue from its core services in the first half of 2023, indicating a potential operational halt[32] - The company reported zero revenue for the first half of 2023, a decline of 100% compared to the previous year[63] - Gross profit for the first half of 2023 was zero, resulting in a gross margin of 0%, a decrease of 100% year-on-year[63] - Other income for the period was RMB 0, compared to RMB 854,000 in the previous year, reflecting a decline of 100%[7] - The company received government subsidies of RMB 53 thousand and interest income of RMB 1 thousand in the first half of 2022, totaling other income of RMB 854 thousand[32] Expenses and Liabilities - The company's administrative and other expenses decreased to RMB 521,000 from RMB 5,319,000 year-over-year, indicating a reduction of about 90.2%[7] - The financing costs for the six months ended June 30, 2023, were RMB 3,143,000, a substantial decrease from RMB 79,798,000 in the same period of 2022, reflecting better cost management[44] - The company incurred employee costs of RMB 330,000 for the six months ended June 30, 2023, down from RMB 2,897,000 in the same period of 2022, indicating a reduction in workforce expenses[45] - The total employee compensation payable is estimated to be approximately RMB 1,657,000, down from RMB 2,897,000 for the six months ended June 30, 2022[81] - The company is facing significant liquidity issues, with a net current liability of approximately RMB 3,845,385 thousand as of June 30, 2023[25] Assets and Equity - As of June 30, 2023, total liabilities amounted to RMB 3,845,411,000, slightly up from RMB 3,842,268,000 at the end of 2022[15] - The company's total assets less current liabilities stood at RMB (3,843,069,000) as of June 30, 2023, compared to RMB (3,839,405,000) at the end of 2022[15] - The company reported cash and cash equivalents of RMB 26,000, down from RMB 483,000 at the end of 2022, a decrease of approximately 94.6%[15] - The company’s accumulated losses increased to RMB (7,072,395) thousand as of June 30, 2023, compared to RMB (5,432,804) thousand at the beginning of 2022[19] - The company’s equity attributable to owners as of June 30, 2023, was approximately RMB (3,842,693,000), slightly down from RMB (3,839,029,000) as of December 31, 2022[77] Bankruptcy and Restructuring - The company has been undergoing bankruptcy restructuring due to an inability to repay due debts, with a court ruling on January 19, 2023, appointing a manager for the restructuring[63] - The company received a civil ruling from the Shanghai Third Court on June 9, 2023, approving the bankruptcy reorganization plan, thus terminating the bankruptcy reorganization process[92] - The company plans to issue new shares for debt capitalization as part of the bankruptcy reorganization[103] - Management is implementing debt restructuring and operational recovery plans to address liquidity challenges[27] - The administrator has confirmed the qualification of a bankruptcy reorganization investor who submitted a reorganization plan and paid the required deposit[92] Shareholding and Governance - As of June 30, 2023, the company has 1,818,013,540 domestic shares and 247,000,000 H shares held by major shareholders, representing approximately 54.29% and 3.98% of the total shares respectively[104] - Major shareholders include Qianhai Dazheng and Dazheng Holdings, each holding significant stakes in the company[106] - The domestic shares held by Shenzhen Dazheng are pledged as collateral for a loan, with the loan amount being utilized by Shenzhen Dazheng[105] - The board confirms compliance with the corporate governance code as per the listing rules during the six months ending June 30, 2023[109] - The audit committee has reviewed the unaudited interim financial statements for the six months ended June 30, 2023, and believes that the interim results comply with applicable accounting standards and regulations[113] Future Outlook - The company is expected to generate reasonable revenue from its agricultural chemical product supply chain services by the end of the fiscal year ending December 31, 2023[101] - The company aims to restore H-share trading following the successful implementation of the bankruptcy reorganization plan[101] - The company has no major future investment or capital asset plans disclosed as of the report date, but may consider potential investments as deemed appropriate[83] - The company has entered into long-term contracts with seven customers for soil restoration fertilizers and services, totaling approximately RMB 215,000,000 per year (including VAT)[99] - The company has also signed short-term contracts with two customers for supplying compound microbial fertilizers, amounting to approximately RMB 7,000,000 (including VAT)[99]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 （ 於中華人民共和國註冊成立的股份有限公司） （股份代號：1103） 截至二零二三年六月三十日止六個月初步業績公告 上海大生農業金融科技股份有限公司（「本公司」）之董事會（「董事會」）欣然呈列本公司及其 附屬公司（ 統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合業績， 連同二零二二年同期之未經審核比較業績。 – 1 – 綜合損益及其他全面收益表 | --- | |-------| | | | | | 附註 | 持續經營業務 | --- | --- | --- | |----------|-------|-------| | 收益 | – | – | | 銷售成本 | – | – | | --- | --- | --- | --- | |--------------------|-------|---------|----------| | 毛利 | | – | – | | 其他收入 | ...

Financial Performance - In 2022, the company reported a total loss attributable to shareholders of approximately RMB 1,635,927,000, an increase of about 45.4% compared to RMB 1,125,142,000 in 2021[12] - The company experienced a 100% decline in revenue for the year, reporting zero revenue compared to RMB 936,940,000 in 2021[18] - Other income for the year was approximately RMB 1,179,000, a decrease of about 96.5% compared to RMB 33,501,000 in the previous year[28] - Other losses amounted to approximately RMB 1,454,500,000, compared to RMB 3,600,000 in the previous year, primarily due to claims from creditors related to the bankruptcy restructuring of Anhui Huaxing[29] - The company reported a basic and diluted loss per share of RMB (0.171) in 2022, compared to RMB (0.118) in 2021[5] - The company recorded a loss attributable to shareholders of approximately RMB 1,635,927,000 for the year ended December 31, 2022[95] - For the year ended December 31, 2022, the company reported a loss attributable to shareholders of approximately RMB 1,635,927,000, with no revenue generated during the period[175] Assets and Liabilities - The company's total assets as of December 31, 2022, were approximately RMB 2,863,000, a decrease of about 64.0% from RMB 7,959,000 in 2021[12] - Non-current assets decreased to RMB 2,316,000 in 2022 from RMB 3,644,000 in 2021[6] - Current liabilities increased significantly to RMB (3,842,268,000) in 2022 from RMB (2,210,233,000) in 2021[6] - The total assets less current liabilities were approximately RMB (3,839,405,000) as of December 31, 2022, compared to RMB (2,202,274,000) in the previous year[36] - The asset-liability ratio was approximately 134.204% as of December 31, 2022, compared to 27.770% in the previous year[38] - As of December 31, 2022, the company's current liabilities exceeded its current assets by approximately RMB 3,841,721,000[95] - The total borrowings of the group amounted to approximately RMB 1,238,428,000, all classified as current liabilities, with cash and cash equivalents of approximately RMB 483,000[95] - The company’s total debt as of December 31, 2022, was approximately RMB 3,842,268,000, with significant uncertainties regarding the completeness and accuracy of this debt[180] Bankruptcy and Restructuring - The company has entered bankruptcy reorganization as of January 19, 2023, with the support of creditors and potential investors[13] - The bankruptcy restructuring plan aims to fully resolve and settle all debts, excluding normal operating liabilities, under the support of bankruptcy restructuring investors[47] - The company plans to issue new shares for debt capitalization as part of its restructuring efforts[47] - The bankruptcy reorganization plan has been approved by the Shanghai Third Court, and upon completion, the company expects to achieve a turnaround in net asset status[178] - The company anticipates sufficient working capital for its operations following the completion of the bankruptcy reorganization plan[178] - The company is subject to a bankruptcy reorganization application due to an inability to repay debts, with outstanding payments of approximately RMB 71,840,000 acknowledged by the Shanghai Third Court[196] - The bankruptcy reorganization plan has been approved by the Shanghai Third Court, terminating the reorganization process[199] - The implementation and supervision period of the bankruptcy reorganization plan is set for 18 months following court approval[199] Corporate Governance - The company has adopted the corporate governance code as per the listing rules, ensuring compliance with high standards of corporate governance[59] - The board of directors consists of six members responsible for strategy, performance, risk management, and significant operational matters[63] - The company held a total of three board meetings during the fiscal year ending December 31, 2022, to address operational and business development needs[68] - The company has faced delays in publishing its annual performance announcement for the year ending December 31, 2022, which constitutes a breach of listing rules[59] - The company appointed Wang Yanlong as an independent non-executive director on June 17, 2022, following the resignation of Liu Jun[60] - The board has confirmed the independence of all current independent non-executive directors in accordance with the listing rules[67] - The company is committed to maintaining high levels of corporate governance to enhance investor confidence and maximize shareholder returns[59] - The company has not yet commenced its annual general meeting for the fiscal year ending December 31, 2022, which is a violation of corporate governance codes[59] - The company has implemented a standard code of conduct for securities trading by directors and supervisors, confirming compliance for the fiscal year[62] - The board is tasked with preparing annual and interim accounts for approval before public announcement[63] - The board of directors held a total of 3 meetings, with all executive directors attending all meetings[71] - The roles of the chairman and CEO are separated, with Mr. Lan Huasheng as chairman and Mr. Wang Liguo as CEO[72] - The company has established a remuneration and assessment committee, which held 2 meetings during the year[80] - The nomination committee is chaired by Mr. Lan Huasheng, with a majority of independent non-executive directors as members[81] - All independent non-executive directors confirmed their independence and have not received any notifications affecting their independence[79] - Continuous professional development training was provided to all newly appointed directors to ensure understanding of the company's business and regulatory responsibilities[76] - The company has a governance code that mandates the appointment of independent non-executive directors to ensure board independence[78] - The remuneration and assessment committee is responsible for determining the specific remuneration packages for all executive directors[80] - The company held its annual general meeting once in 2022, with all directors attending[71] - The board ensures at least three independent non-executive directors are appointed, representing at least one-third of the board members[78] - The board acknowledges the importance of gender diversity, currently having no female directors, and aims to appoint at least one female director by December 31, 2024[86] - The board consists of six members, all male, with age distribution including one member aged 40-49, three aged 50-59, and two aged 60-69[85] - The audit committee held one meeting during the year to review the group's unaudited interim results and audited annual results[88] - The audit committee's fees for statutory audit services and non-audit services were RMB 560,000 and zero, respectively, for the year ended December 31, 2022[89] - The company has adopted a nomination policy to ensure a diverse board composition, considering various factors including skills, experience, and qualifications[84] - The board will continue to actively seek suitable candidates to enhance gender diversity within its ranks[86] - The company believes it has achieved gender diversity among its employees, with a gender ratio of 1:1 as of December 31, 2022[86] Risk Management - The company has established a risk management department to ensure an effective internal control system[110] - The board is responsible for overseeing the risk management and internal control systems, reviewing their effectiveness at least annually[110] - The internal control system aims to provide reasonable assurance against significant misstatements or losses[110] - The company has confirmed compliance with the relevant laws and regulatory requirements in its governance practices[98] - The internal audit function reviews the effectiveness of the risk management and internal control systems based on an annual plan[111] - The board has established clear guidelines for the delegation of management powers and responsibilities[99] - The company established an internal audit team under the audit committee to enhance internal control and risk management functions[113] - The internal audit team consists of four members with experience in finance, contract management, engineering management, and law[113] - The company adopted policies and procedures to assess and improve the effectiveness of its risk management and internal control systems, covering all significant controls[113] - The board of directors is committed to reviewing the effectiveness of the group's risk management and internal control systems annually[113] - The company faced risks related to customer payment delays, which could adversely affect cash flow and operational funding[162] - The company has identified major financial risks, which are detailed in the financial statements under note 35[163] Employee and Labor Relations - The total number of employees decreased to 12 from 24 in the previous year, representing a reduction of 50%[155] - Employee compensation for the year amounted to approximately RMB 6,659,000, a significant decrease from RMB 101,694,000 in the previous year, reflecting a reduction of about 93.44%[155] - The company has no significant labor disputes or strikes that could disrupt daily operations, indicating a good relationship with employees[156] Environmental and Social Responsibility - The company is committed to environmental protection and plans to publish an Environmental, Social, and Governance report within three months of the report's publication date[160] Legal and Regulatory Compliance - The company has maintained sufficient public float as per listing rules, ensuring compliance with regulatory requirements[173] - There were no significant legal or regulatory violations affecting the company's business operations as of the report date[172]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 （ 於中華人民共和國註冊成立的股份有限公司） （股份代號：1103） 截至二零二二年十二月三十一日止年度年度業績公告 上海大生農業金融科技股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事會 （「 董 事 會 」）欣 然 呈 列 本 集 團 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 經 審 核 綜 合 年 度 業 績，連同截至二零二一年十二月三十一日止年度之比較數據如下： – 1 – 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 持續經營業務 收益 3 | --- | --- | |-----------|-------------| | —客戶合約 | — 936,940 | | 銷售成本 | — (747,864) | | --- | --- | --- | --- | |--------- ...

Trade Receivables and Impairment - The company recognized a trade receivables impairment loss of approximately RMB 34,457,000 for the year ended December 31, 2021[4]. - The trade division's trade receivables credit loss provision was confirmed at approximately RMB 626,969,000, with most outstanding balances aged over three years[5]. - As of December 31, 2021, the recoverable amount of trade receivables in the trade division was assessed to be zero[10]. - The expected credit loss for trade receivables was estimated based on default risk, default probability, and expected loss recovery rate[9]. - The impairment loss was primarily due to a high proportion of small customers with significant outstanding debts and litigation[6]. Revenue Generation - The company has not generated any revenue from the trade division since 2020[6]. Agricultural Chemical Supply Chain Services - The company’s agricultural chemical supply chain services are conducted through its wholly-owned subsidiary, which has ceased to be consolidated since August 13, 2021[6]. Valuation Methods - The valuation report indicated that the expected credit loss was calculated using a default probability method[13]. - The board of directors confirmed that the valuation methods adopted have not changed since the announcement date[14]. Customer Follow-up - The company has been following up on the situation of its customers through company searches to understand their latest developments[6].

Financial Performance - For the six months ended June 30, 2022, the company reported revenue of RMB 0, a decrease from RMB 936,940,000 in the same period of 2021[6]. - The gross profit for the same period was RMB 0, compared to RMB 189,037,000 in 2021, indicating a significant decline[6]. - The company incurred a loss before tax of RMB 80,859,000, compared to a loss of RMB 59,765,000 in the previous year, reflecting a worsening financial position[6]. - Total comprehensive loss for the period was RMB 82,144,000, compared to RMB 70,611,000 in the prior year, showing an increase in losses[8]. - Basic and diluted loss per share from continuing and discontinued operations was RMB 0.008, compared to RMB 0.007 in the same period last year[10]. - The company reported a net loss attributable to equity holders of RMB (2,279,787,000) as of June 30, 2022, compared to RMB (2,201,790,000) at the end of 2021[14]. - The company experienced a total comprehensive loss of RMB (77,997,000) for the six months ended June 30, 2022, compared to a loss of RMB (70,576,000) for the same period in 2021[18]. - The loss attributable to equity holders for the six months ended June 30, 2022, was approximately RMB 76,718,000, an increase of about RMB 6,000,000 compared to RMB 70,356,000 for the same period last year[90]. Assets and Liabilities - The company's total assets less current liabilities amounted to RMB (2,284,418,000) as of June 30, 2022, compared to RMB (2,202,274,000) at the end of 2021, indicating a deterioration in net asset position[14]. - Non-current liabilities included borrowings of RMB 742,638,000, unchanged from the previous year[14]. - The total liabilities as of June 30, 2022, amounted to approximately RMB 2,288,041,000, with total borrowings classified as current liabilities at RMB 742,638,000[24]. - The total impairment loss recognized for trade and other receivables was RMB 2,313,835,000 as of June 30, 2022, compared to RMB 2,317,295,000 as of December 31, 2021[59]. Cash Flow and Liquidity - The company had cash and cash equivalents of RMB 3,026,000, down from RMB 4,272,000 at the end of 2021, indicating a decrease in liquidity[12]. - The cash and cash equivalents at the end of June 30, 2022, were RMB 3,026,000, a significant decrease from RMB 18,581,000 at the end of the previous year[21]. - The company reported a significant decrease in cash flow from operating activities compared to the previous year, which was RMB 14,456,000[21]. - As of June 30, 2022, the company reported a net cash flow from operating activities of RMB (1,287,000) and a net cash flow from investing activities of RMB 41,000[21]. Business Operations - The company focused on strengthening and expanding its agricultural chemical product supply chain services amid a challenging business environment influenced by COVID-19 and geopolitical factors[78]. - The main business segments include agricultural chemical product supply chain services, agricultural and petrochemical product supply chain services, and financial leasing and commercial factoring services[79]. - The revenue from the agricultural product supply chain services was zero for the six months ended June 30, 2022[80]. - The revenue from the agricultural and petrochemical product supply chain services was zero for the six months ended June 30, 2022[81]. - The revenue from financing leasing and commercial factoring services was zero for the six months ended June 30, 2022[82]. Corporate Governance and Shareholder Information - The board of directors has complied with the corporate governance code as per the listing rules, except for a temporary shortfall in the number of independent non-executive directors[126]. - The company has confirmed that all directors and supervisors have adhered to the standards set out in the securities trading code during the six months ending June 30, 2022[128]. - The company’s major shareholders include Shenzhen Dazheng and Hong Kong Dazheng, holding 1,818,013,540 domestic shares (54.29%) and 247,000,000 H shares (3.98%) respectively[116]. - The domestic shares held by Shenzhen Dazheng are pledged as collateral for a loan, with the loan amount being utilized by Shenzhen Dazheng[117]. - The 200,000,000 H shares held by Hong Kong Dazheng are also pledged as collateral for a loan from a third party[118]. Legal Matters - The company is involved in a lawsuit with Jiujiang Bank, claiming a repayment of RMB 3,711,000 in principal and related interest due to a breach of a factoring agreement[102]. - The company has a civil judgment requiring repayment of RMB 300,000,000 in principal and approximately RMB 10,732,000 in overdue interest to Shanghai Huaxin Securities[104]. - The company is facing a lawsuit from Anhui Huaxin, demanding repayment of RMB 35,500,000 in principal and RMB 13,500,000 in unpaid interest[107]. - A new lawsuit from Shanghai Huaxin Securities claims a total of approximately RMB 373,149,700, including RMB 217,580,000 in repurchase price and RMB 155,569,700 in accrued interest[110]. Future Outlook and Restructuring - The company is exploring potential debt restructuring opportunities and negotiating new repayment plans with creditors to address liquidity issues[26]. - The management believes that, after considering the measures taken, the company will have sufficient working capital to meet its financial obligations due within the next twelve months[26]. - The company is actively seeking cooperation opportunities with potential external investors to address significant outstanding debts[111]. - The company plans to maintain its core business team and focus on three existing business segments despite the termination of consolidated accounting with Anhui Huaxin Group[114]. - The management will continue discussions with potential investors and creditors to resolve historical financial issues and accelerate the restructuring of existing businesses[114].

Financial Performance - In 2021, the company's revenue was approximately RMB 936,940,000, a decrease of about 34.6% compared to RMB 1,433,813,000 in 2020[5] - The loss attributable to shareholders increased to approximately RMB 1,125,142,000 in 2021, up 44.3% from RMB 779,575,000 in 2020[15] - The company reported a pre-tax loss of RMB 1,115,242,000 in 2021, compared to a loss of RMB 897,845,000 in 2020[5] - The company's revenue for the year was approximately RMB 936,900,000, a decrease of about 34.7% compared to the previous year[27] - Gross profit recorded was approximately RMB 189,100,000, down approximately 41.6%, with a gross margin of about 20%, a decline of approximately 2%[27] - The loss attributable to shareholders was approximately RMB 1,125,100,000, an increase of about 44.3% compared to last year[27] - The company recorded a loss attributable to shareholders of approximately RMB 1,125,142,000 for the year ended December 31, 2021[89] - As of December 31, 2021, the company's current liabilities exceeded its current assets by approximately RMB 2,205,918,000[89] - Total borrowings amounted to approximately RMB 742,638,000, classified as current liabilities, while cash and cash equivalents were approximately RMB 4,272,000[89] Assets and Liabilities - Total assets for the company were approximately RMB 7,959,000 in 2021, representing a significant decrease of about 99.6% year-on-year[15] - Non-current assets decreased significantly to RMB 3,644,000 in 2021 from RMB 1,040,475,000 in 2020[6] - Current liabilities were RMB 2,210,233,000 in 2021, down from RMB 2,999,077,000 in 2020[6] - As of December 31, 2021, the total assets minus current liabilities of the group amounted to RMB 2,202,274,000, an increase of approximately 109.4% from RMB 1,053,385,000 as of December 31, 2020[43] - The equity attributable to the company's shareholders as of December 31, 2021, was approximately RMB 2,201,790,000, representing a loss increase of about 104.6% compared to RMB 1,076,081,000 as of December 31, 2020[43] - As of December 31, 2021, the group had short-term borrowings of approximately RMB 742,638,000, down from RMB 1,281,700,000 as of December 31, 2020[44] - The group's asset-liability ratio as of December 31, 2021, was approximately 27.77%, a significant decrease from 155% as of December 31, 2020[45] - The group has no long-term borrowings as of December 31, 2021, and December 31, 2020[45] Business Strategy and Operations - The company plans to focus on its three existing business segments and maintain partnerships within the agricultural supply chain[16] - The company aims to explore new business opportunities while concentrating resources on its core operations[16] - The management team will continue discussions with potential investors and creditors to address financial challenges[16] - The company is investing in new product development and technological advancements to stay competitive in the market[59] - The company is actively seeking new business and investment opportunities to diversify revenue sources and revitalize operations[175] - The company plans to undergo business restructuring, including the sale of certain factoring-related subsidiaries, due to high debt levels and cash flow shortages[168] Corporate Governance - The company has a strong commitment to corporate governance and compliance, as evidenced by the qualifications of its directors and auditors[63] - The board of directors includes independent members with extensive experience in accounting and finance, enhancing governance[62] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules and has complied with it throughout the year[65] - The board consists of five members, including two independent non-executive directors, enhancing oversight and governance[83] - The company has established a compensation policy based on employee performance, qualifications, and capabilities, with regular performance assessments[132] Risk Management - The company has established a risk management department to ensure effective internal control systems[100] - The board is responsible for overseeing the company's risk management and internal control systems, reviewing their effectiveness at least annually[100] - The internal audit function reviews the effectiveness of the group's risk management and internal control systems, with an annual internal audit plan based on business and operational risk assessments[102] - The audit committee has confirmed that the internal control and risk management systems are effective and adequate, covering all significant controls including financial, operational, and compliance controls[103] - The company faces significant competition in the petrochemical trading business, with notable gaps in operational scale, profitability, resource reserves, and sales channels compared to major domestic oil and petrochemical companies[162] Future Outlook - Future outlook indicates a focus on market expansion and potential mergers and acquisitions to enhance growth[58] - The company anticipates that existing businesses may continue to incur losses in the near future, leading to a cautious approach towards expansion[168] - The independent auditor issued a disclaimer of opinion on the consolidated financial statements for the year ended December 31, 2021, due to uncertainties regarding going concern and limitations on the scope of the audit[174] Shareholder Information - The company held a total of 5 board meetings during the year ended December 31, 2021[72] - The annual general meeting for shareholders is scheduled for June 19, 2022, to discuss various matters including the election of directors[97] - The company has not granted or agreed to grant any stock options to its directors, supervisors, or employees as of the report date[124] - The company reported a total of 1,818,013,540 domestic shares and 247,000,000 H shares held by Shenzhen Dashi and Hong Kong Dashi Investment Holdings, representing approximately 54.29% and 3.98% of the total shareholding respectively[135]