[TechWeb] June 22, Kai Ying Network Co., Ltd. released the 2018 annual report of the correction notice, the company announcement said the disclosure "2018 Annual Report" and the full text of "2018 Annual Report Summary" April 29, 2019, due to work negligence, leading to "2018 annual report" section there is an error text and data presentation. Now it has been corrected.
The total correction of five errors, mainly related to the "game action is frozen because of the court" and "monetary funds ending book value" adjustment to increase 10 million yuan, 438,219.87 yuan by the previously disclosed changes to 10,438,219.87 yuan.
Earnings correct display, May 17, 2018, according to the application for property preservation Shenzhen Tencent Computer System Co., Ltd. raised, Beijing Haidian District People's Court civil ruling, ruled to freeze the defendants Shanghai Kai Ying Network Technology Co., Ltd. of bank deposits 1000 million.
As of the reporting date, the case is waiting first instance verdict among. Similar cases the amount of compensation within the reference Kai British network management industry, has 3 million yuan provision for estimated liabilities.
Five corrections are:
(A) Section IV Operation Discussion and Analysis - Fourth, the analysis of assets and liabilities -3 assets as of the reporting period of limited rights situation.
(B) Section XI Financial Report - Consolidated Financial Statements Notes -1, monetary funds
(C) Section XI Financial Report - Consolidated Financial Statements Notes -15, goodwill
(D) Section XI Financial Report - Consolidated Financial Statements Notes -51, ownership or use
Property rights limited
(E) Section XI Financial Report - Consolidated Financial statements - XIV Commitments and
Matters -2, or matter - (1) there is an important balance sheet date Contingencies
Kai British network, said the corrections because of staff negligence, on the Company's 2018 operating results and financial condition did not cause a significant impact. The company management has instructed the relevant departments and staff conduct self-corrective, in the future the company will continue to enhance the quality of information disclosure, to avoid similar mistakes in the work.