Sinomine(SZ:002738)2020-04-14 16:00Contracts and Acquisitions - The company signed a contract with the Zambian Ministry of Local Government to design and construct 14 large and medium-sized convenience markets and bus stations across Zambia, with a total contract value of $243,416,589 and a construction period of 36 months[131] - The company's subsidiary, Hong Kong Zhongkuang Rare, acquired 100% equity of Tanco, CSF Inc, and CSF Ltd from Cabot and its subsidiary for a transaction price of $134.73 million[132] Fundraising and Share Issuance - The company issued 58,782,096 shares to acquire 100% equity of Dongpeng New Materials, and raised additional funds of RMB 429,222,500 through a private placement[131] - The company plans to issue A-share convertible bonds with a total fundraising amount not exceeding RMB 800 million, and the bonds will be listed on the Shenzhen Stock Exchange[132] - The company's total shares increased by 27,097,380 shares due to the private placement for fundraising, with the new shares listed on May 10, 2019[136] Share Transactions and Repurchases - 54,172,800 pre-IPO restricted shares were released for trading on January 7, 2019[136] - The company repurchased and canceled 278,000 restricted shares related to the 2016 equity incentive plan due to employee departures and retirements[137] - 2,764,231 post-IPO restricted shares were released for trading on September 16, 2019[137] - 1,916,000 restricted shares from the 2016 equity incentive plan were released for trading on December 9, 2019[137] Board and Committee Activities - The company's Board of Directors Strategic Committee held one meeting during the reporting period to discuss and review the 2018 work summary, 2019 work arrangements, and business plans[183] - The Board of Directors Audit Committee held three meetings, approving various reports including the 2018 internal audit work report, 2019 internal audit work plan, and quarterly financial reports[183] Internal Control and Financial Reporting - The company's internal control evaluation report showed no significant or major defects in the reporting period, with 100% of the company's assets and revenue included in the evaluation scope[186][187] - The company's financial report received a standard unqualified audit opinion from DaXin Certified Public Accountants, indicating compliance with accounting standards[191][192] - The company's internal control evaluation report was disclosed on April 15, 2020, with no significant defects found in financial or non-financial reporting[188] - The company's internal control system was deemed effective as of December 31, 2019, according to the internal control certification report[188] Compensation and Bonds - The company's senior management compensation structure consists of fixed salary and performance-based pay, linked to annual performance targets[185] - The company did not have any publicly issued bonds listed on stock exchanges that were outstanding or not fully redeemed as of the annual report approval date[190]