XunZhong suggests unifying the preparation of financial statements based on Chinese Accounting Standards pending approval
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XunZhong suggested that financial statements be prepared in accordance with Chinese Accounting Standards, effective upon shareholder approval. The annual performance and subsequent financial reports for the year ending December 31 are expected to be prepared based on these standards. This move aims to improve efficiency and reduce disclosure costs and audit expenses. The board has appointed Dahua Certified Public Accountants to handle this work, and it is expected to have no significant impact on the financial condition, operating performance, and cash flow for this year and in the future
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