Chairman and General Manager Leave the Economic Responsibility Audit Single Source Negotiations Publicity

The economic responsibility audit of the chairman and general manager of the project of Guizhou Hongyuan Group Industrial Co., Ltd. has been approved. The purchaser is Guizhou Power Grid Co., Ltd. Xingyi Power Supply Bureau, and the construction fund comes from self-raising. The single source negotiation of the project is now publicized.

I. Project Overview:

The chief responsible person of Guizhou Hongyuan Group Industrial Co., Ltd. was audited for the term of economic responsibility, focusing on the fair and objective evaluation of the performance of officers, focusing on revealing the institutional deficiencies and major management loopholes existing in the operation and management of the bureau, and checking the face of the production and management operations. Risks, in-depth analysis of the root causes of the problem, put forward audit opinions from the institutional, mechanism, and institutional levels, and at the same time make recommendations for the review of the problems identified by the units under review. Further plug the loopholes, resolve risks, increase benefits, promote leading cadres to abide by the law, perform their duties, strengthen and improve management, ensure the preservation and appreciation of state-owned assets, and continuously improve the level of business operations.

Third, the reasons for using single-source procurement and related instructions:

In July 2016, Yunnan Zhongtian Zhenghe Certified Public Accountants Co., Ltd. has won the bid in Xingyi Power Supply Bureau (the successful bidder was “Hongyuan Corporate Management Audit”). The audit of management and management was canceled and the audit of departing economic responsibility was carried out. Since Yunnan Zhongtian Zhenghe Certified Public Accountants Co., Ltd. has won the bid in the audit project of Hongyuan Company, it is proposed to adopt a single-source procurement method instead of carrying out the audit of departing economic responsibility.

The relevant department of Guizhou Power Grid Co., Ltd. Xingyi Power Supply Bureau issued an instruction that this project uses a single source procurement method.

Fourth, the proposed sole supplier name:

Yunnan Zhongtian Zhenghe Certified Public Accountants Co., Ltd.

V. Publicity period:

The number of public days is 5 days from November 14, 2016 to November 18, 2016.