KINGNET(SZ:002517) Zheng Quan Zhi Xing·2025-06-13 11:25Core Viewpoint - The article outlines the selection and appointment system for accounting firms at Kaiying Network Co., Ltd., emphasizing the importance of maintaining shareholder interests and ensuring the quality and authenticity of financial information [1][2]. Group 1: General Principles - The system aims to standardize the selection of accounting firms, ensuring compliance with regulations set by the China Securities Regulatory Commission [1]. - The appointment of accounting firms must be approved by the board of directors and the shareholders' meeting, preventing any pre-approval interference from major shareholders [1][2]. Group 2: Quality Requirements for Accounting Firms - Selected accounting firms must meet specific criteria, including legal establishment, relevant qualifications, and a good record of professional quality [1][2]. - Firms must have a solid organizational structure, familiarity with financial laws and regulations, and a team of certified public accountants capable of ensuring audit quality [1][2]. Group 3: Selection Procedures - The audit committee, independent directors, or a third of the board can propose the selection of accounting firms, with the audit committee responsible for overseeing the process [2][3]. - The selection can be conducted through public, invited, or single selection methods, ensuring transparency and competitiveness [2][3]. Group 4: Evaluation and Reporting - The audit committee must evaluate the performance of the appointed accounting firms annually and report to the board of directors [3][4]. - If the audit committee finds that a firm does not meet the required standards, it must provide reasons, and the board will not review the proposal [4][5]. Group 5: Special Provisions for Reappointment - The audit committee must assess the quality of work done by the accounting firm before reappointment, ensuring a thorough evaluation process [6][7]. - If a firm is to be dismissed or not reappointed, a 10-day notice must be given, and the reasons for dismissal must be disclosed [6][7]. Group 6: Supervision and Penalties - The audit committee is responsible for supervising the selection process and ensuring compliance with relevant laws and regulations [8]. - Any violations by the accounting firms can lead to penalties, including potential dismissal and financial responsibility for any resulting damages [8].