According to the Listing Rules of Shanghai Stock Exchange (revised 20 14), the analysis is as follows:

Item a of Article 6.5 stipulates that the financial accounting report in the annual report of a listed company shall be audited by an accounting firm qualified to engage in securities and futures-related business. The financial and accounting reports in the interim report may not be audited. 12.7 stipulates that if the financial accounting report of a listed company is issued with a non-standard unqualified opinion, and the matters involved in this opinion obviously violate the accounting standards, systems and relevant information disclosure norms, the Exchange will suspend trading of the company's shares and its derivatives from the date when the company discloses the periodic report until the company makes corrections and resumes trading in accordance with the regulations.

6.4 Paragraph 3 (b) stipulates that the directors and senior managers of the company shall sign written confirmation opinions on the periodic report, clearly indicating whether they agree with the contents of the periodic report; The board of supervisors shall review the periodic reports prepared by the board of directors, and explain in the form of resolutions of the board of supervisors whether the preparation and review procedures of the periodic reports comply with relevant regulations and whether the contents are true, accurate and complete. Directors and senior management personnel shall not refuse to sign written opinions on periodic reports for any reason.

Item c of 12.8 stipulates that if the company fails to disclose the annual report or interim report within the statutory time limit and the time limit stipulated in these rules, the company's shares and their derivatives shall be suspended until the company resumes trading on the day when the relevant periodic reports are disclosed. If the disclosure date of the announcement is a non-trading day, it will be resumed when the market opens on the first trading day after the announcement. The company's suspension of trading due to failure to disclose the annual report or interim report shall not exceed 2 months. During the suspension period, the company shall issue at least three risk warning announcements. If the company fails to disclose the quarterly report, annual report or interim report, the company's shares and their derivatives shall be suspended and resumed in accordance with the relevant provisions of the preceding paragraph and Chapter 13.

Item d of Article 6.2 stipulates that a listed company shall agree with this Exchange on the disclosure time of its periodic reports, and this Exchange will make overall arrangements for the disclosure order of its periodic reports according to the principle of balanced disclosure. The company shall handle the disclosure of periodic reports at the time arranged by the Exchange. If it is necessary to change the disclosure time for some reason, it shall submit a written application to the Exchange five trading days in advance, explaining the reasons for the change and the disclosure time after the change, and the Exchange will decide whether to adjust it according to the situation. In principle, the firm only accepts one application for change.