Announcement of Shanghai New World Co., Ltd. on Renewing the Appointment of Accounting Firms and Determining Remuneration_Practice_Service_Auditing

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the content.

●Name of the accounting firm to be hired: Shanghui Accounting Firm (Special General Partnership)

Shanghui Certified Public Accountants (Special General Partnership) (hereinafter referred to as “Shanghui”), formerly known as Shanghai Certified Public Accountants, was established in 1980 under the care of the leaders of the Ministry of Finance, the Shanghai Municipal People’s Government and the Shanghai Municipal Finance Bureau. Officially established on New Year’s Day, it is the first accounting firm in the country established by the Ministry of Finance in Shanghai to adapt to the new situation of reform and opening up proposed by the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China One of the financially qualified accounting firms. In December 1998, according to the requirements of the Ministry of Finance and China Securities Regulatory Commission, it was restructured into an accounting firm with a limited liability company system. In December 2013, Shanghai Shanghui Accounting Firm Co., Ltd. was restructured into Shanghui Accounting Firm (Special General Partnership) . Shanghui has gone through 40 years of development and has gone through a major economic transformation stage since my country’s reform and opening up. It has been providing various services for my country’s economic development as a professional third-party audit. After several industry changes and integrations, Shanghui has always been It is located in the ranks of the top 100 accounting firms in the country, and is based on the certified public accountant industry with professional service standards and conscientious practice spirit, and strives for steady and standardized development. Shanghui upholds good practice ethics and professionalism, pays attention to service quality and reputation, and has been recognized by customers, regulatory authorities and investment institutions.

Qualifications: Accounting Firm Securities and Futures-related Business License (Certificate No. 32); Accounting Firm Practice Certificate (No. 31000008); Qualification of the first batch of accounting firms approved to engage in financial-related auditing business (Approval No.: Yinfa (2000) No. 358); membership of the National Association of Financial Market Institutional Investors; the record certificate of security and confidentiality conditions for military secret-related business consulting services; the first batch of the Ministry of Finance and the China Securities Regulatory Commission to obtain the record of accounting firms engaged in securities service business and other related qualifications.

2. Personnel information

As of the end of 2021, Shanghui has 74 partners, and the chief partner is Mr. Zhang Xiaorong. By the end of 2021, there will be 445 certified public accountants, and there will be a total of 115 certified public accountants who have worked in the securities service industry.

3. Business scale

The business income of Shanghui in 2021 is 620 million yuan. In 2021, it will provide audit services to 41 listed companies with a total fee of 45 million yuan, involving mining; manufacturing; electricity, heat, gas and water production and supply; wholesale and retail transportation, warehousing and postal services; real estate; information transmission, software and information technology services; scientific research and technical services; culture, sports and entertainment.

4. Investor protection capabilities

As of the end of 2021, the accrued amount of the occupational risk fund of the Shanghui was 766,400 yuan, and the cumulative compensation limit of the purchased occupational insurance was 300 million yuan.

In the past three years, Shanghui has assumed civil liability in civil litigation related to practice behavior. One case that has been concluded in 2021 is a civil litigation case of Zhongzhou Futures Co., Ltd., and the execution has been completed.

5. Record of independence and integrity

In the past three years, the Shanghui has received 0 criminal punishments, 0 administrative punishments, 3 supervision and management measures, 0 self-discipline supervision measures and 0 disciplinary actions for practicing behaviors, involving 6 practitioners.

(2) Information of project members

1. Personnel information

(1) To be appointed as the partner of the 2022 audit service project and the signing accountant

Name: Zhang Jie.

Qualification: Chinese Certified Public Accountant.

Professional experience: Since 2004, he has been engaged in the CPA industry, a leading accounting talent of the Ministry of Finance of China, a senior member of China CPA, engaged in auditing services for many listed companies, and has corresponding professional competencies.

Part-time job status: none.

Whether engaged in securities service business: Yes.

(2) To be appointed as the reviewer of audit service quality control in 2022

Name: Shen Jiayun.

Qualification: Chinese Certified Public Accountant.

Working experience: Engaged in securities service industry for many years, has served as audit service and quality control review work for many listed companies, and has corresponding professional competence.

Part-time position: Currently serves as an independent director of Shandong Luyang Energy Saving Materials Co., Ltd.

Whether engaged in securities service business: Yes.

(3) Proposed to be the signing accountant of the 2022 audit service

Name: Zhang Yi.

Qualification: Chinese Certified Public Accountant.

Professional experience: Since 2007, he has been engaged in the certified public accountant industry, and is an outstanding talent in the Shanghai certified public accountant industry. He is mainly engaged in auditing services for listed companies and retail industries, and has corresponding professional competence.

2. Independence and integrity records of the above-mentioned relevant personnel

Zhang Jie, the proposed project partner, Shen Jiayun, the proposed quality control reviewer, and Zhang Yi, the proposed signing accountant, did not violate the independence requirements of the Code of Professional Ethics for Chinese Certified Public Accountants. No criminal punishment, administrative punishment, administrative supervision measures and self-discipline supervision measures have been taken in the last three years.

(3) Audit fees

1. Pricing principles for audit fees

This fee is negotiated and determined based on the professional services invested in the audit service provided by the Shanghai Council, taking into account the professional ability and experience of the project team and the actual working time of the project.

2. Year-on-year changes in audit fees

The audit fee for the company’s 2021 financial report is RMB 700,000 (tax inclusive), the internal control audit fee is RMB 350,000 (tax inclusive), and the total audit fee is RMB 1.05 million (tax inclusive). The audit fee for 2021 has no year-on-year change compared with the audit fee of the previous period.

The board of directors of the company requested the general meeting of shareholders to authorize the board of directors of the company to negotiate with the board of directors to determine the relevant audit fees according to the specific audit requirements and audit scope in 2022.

2. Procedures for re-appointing an accounting firm

(1) The performance of duties and review opinions of the audit committee of the listed company in the process of selecting and appointing an accounting firm, including the specific work and evaluation of the accounting firm’s professional competence, investor protection capability, independence and integrity, etc. in conclusion.

The Audit Committee of the 11th Board of Directors of the Company has fully understood and reviewed the professional competence, investor protection capability, independence and integrity of Shanghui Accounting Firm (special general partnership), and believes that Shanghui has securities and futures-related issues. Business qualifications and rich practice experience, familiar with the company’s business development and financial status, during the period of serving as the company’s audit institution, diligently and conscientiously, strictly abide by the provisions of China’s independent auditing standards for certified public accountants, conscientiously perform duties, abide by professional ethics, follow independent , objective and fair practice standards, showing good professional ethics, and the audit report issued for the company objectively and fairly reflects the company’s financial status and operating results. The Audit Committee agreed to propose to the Board of Directors the re-appointment of Shanghui Certified Public Accountants (Special General Partnership) as the company’s financial and internal control auditor in 2022.

(2) Prior approval and independent opinions of the independent directors of the listed company on the appointment of the accounting firm

The independent directors of the company believe that: Shanghui Certified Public Accountants (special general partnership) has done its due diligence in the process of the company’s financial audit in 2021, followed the independent, objective and impartial practice standards, dutifully completed various audit tasks, and issued an audit report. Overall quality compliance. In order to ensure the continuity of the audit work, it is agreed to re-appoint Shanghui Certified Public Accountants (special general partnership) as the company’s financial and content control audit institution in 2022, and agree to submit the proposal to the annual general meeting of shareholders for deliberation.

(3) The deliberation and voting of the board of directors of the listed company on the proposal for the appointment of an accounting firm this time

The company held the fourth meeting of the Eleventh Board of Directors on April 28, 2022, and reviewed and approved the “Proposal on Renewing the Appointment of Accounting Firms and Determining Remuneration”. In view of the good professional standards of Shanghui Accounting Firm (Special General Partnership), It is agreed to re-appoint Shanghui as the company’s financial and internal control audit institution in 2022, and request the general meeting of shareholders to authorize the company’s board of directors to determine its audit remuneration in 2022.

(4) The re-appointment of the accounting firm must be submitted to the company’s annual general meeting for deliberation, and it will take effect from the date of deliberation and approval at the company’s general meeting of shareholders.

Special announcement.

Shanghai New World Co., Ltd.

Board of Directors

April 30, 2022

Stock Code: 600628 Stock Abbreviation: New World Announcement Number: Lin 2022-014

Shanghai New World Co., Ltd.

Announcement of operating data for the first quarter of 2022

According to the requirements of the “Guidelines for Industry Information Disclosure of Listed Companies No. 5-11 Retail” and the “Notice on Doing a Good Job in Disclosing Reports of Listed Companies in the First Quarter of 2022”, Shanghai New World Co., Ltd. (hereinafter referred to as the “Company”) is now The main operating data for the first quarter of 2022 will be disclosed as follows:

1. In the first quarter of 2022, the company has no store changes:

2. In the first quarter of 2022, the company has no plans to increase the number of stores;

3. Main operating data for the first quarter of 2022:

1. Data of each business model

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2. Data of self-operated sales by commodity category

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3. Main business by region

Unit: Currency: RMB

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The operating data in this announcement has not been audited, and the board of directors of the company reminds investors to use such data with caution.

Special announcement.

Shanghai New World Co., Ltd.

Board of Directors

April 30, 2022

Stock Code: 600628 Stock Abbreviation: New World Announcement Number: Lin 2022-009

Shanghai New World Co., Ltd.

Announcement on receiving government subsidies

1. Basic information on obtaining subsidies

The company recently received 12.7 million yuan of industrial support funds from the Shanghai Huangpu District Finance Bureau.

2. Types of subsidies and their impact on listed companies

The types of subsidies are: Industrial support funds, which are issued by the relevant departments of the district government in order to support the development of key industrial enterprises in the region, according to the regional economic contribution of the enterprises.

In accordance with the relevant provisions of the Accounting Standards for Business Enterprises No. 16—Government Subsidies, the Company identified the above-mentioned subsidy of RMB 12.7 million as “non-operating income” and included it in the current profit and loss of the Company. The specific accounting treatment shall be subject to the results of the annual audit and confirmation of the certified public accountant.

The receipt of industrial support funds is beneficial to the development of the company.

Special announcement.

Shanghai New World Co., Ltd.

Board of Directors

April 30, 2022

Stock Code: 600628 Stock Abbreviation: New World Announcement Number: Lin 2022-011

Shanghai New World Co., Ltd.

Announcement on Resolutions of the Fourth Session of the Eleventh Board of Supervisors

The Supervisory Committee and all supervisors of the Company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the contents.

I. Meetings of the Supervisory Committee

1. The convening of the 4th meeting of the 11th Supervisory Committee of Shanghai New World Co., Ltd. (hereinafter referred to as the “Company”) complies with the provisions of the Company Law, the Articles of Association and relevant laws and regulations.

2. The meeting notice and meeting materials will be issued in writing and by email on April 18, 2022 (Monday).

3. The meeting will be held at 11:00 a.m. on April 28, 2022 (Thursday) by means of communication voting.

4. Three supervisors should attend this meeting, and three actually attended.

II. Deliberation at the meeting of the Supervisory Committee

The meeting was fully reviewed by the supervisors and unanimously approved:

1. Reviewed and approved the “2021 Annual Report of the Company” and “Summary of the Company’s 2021 Annual Report”

The Supervisory Committee believes that: the content and format of the 2021 annual report and the summary comply with the regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, and the preparation and review procedures of the report comply with laws and regulations, the company’s articles of association and the company’s internal management system. All aspects truly reflect the company’s business management and financial status in 2021. The Supervisory Committee has not found any violation of confidentiality regulations by those involved in the preparation and review of the 2021 annual report.