Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. Stock code: 200725 Stock abbreviation: BOE B Announcement No.:2014-060 BOE TECHNOLOGY GROUP CO., LTD.
Abstract of the Report for the Third Quarter of 2014 Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management staff of BOE Technology Group Co., Ltd. (hereinafter referred to as “the Company”) warrant that this report is factual, accurate and complete without any false record, misleading statement or material omission. And they shall be jointly and severally liable for that.
Mr. Wang Dongsheng, Chairman of the Company, Mr. Chen Yanshun, President of the Company, Ms. Sun Yun, chief of the accounting work, and Ms. Yang Xiaoping, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Report enclosed in this report is factual, accurate and complete.
All directors attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.
Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. Section II. Financial Highlights& Change of Shareholders I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
√Yes□No
||||||
|-|-|-|-|-|
|||||Increase/decrease|
|||31 Dec. 2013|||
||30 Sept. 2014|||(%)|
|||Before adjustment|After adjustment|After adjustment|
|Total assets (RMB Yuan)|129,374,066,105.00|92,538,451,492.00|92,538,451,492.00|39.81%|
|Net assets attributable to shareholders|75,535,235,873.00||28,251,815,361.00||
|||28,251,815,361.00||167.36%|
|of the Company (RMB Yuan)|||||
|||||YoY|
|||YoY increase/decrease|||
||Jul.-Sept. 2014||Jan.-Sept. 2014|increase/decrease|
|||(%)|||
|||||(%)|
|Operating revenues (RMB Yuan)|9,174,897,800.00|7.69%|25,288,069,384.00|2.08%|
|Net profit attributable to shareholders of|813,085,737.00|62.67%|1,854,721,451.00|36.47%|
|the Company (RMB Yuan)|||||
|Net profit attributable to shareholders of|697,249,782.00|57.45%|1,247,539,000.00|3.08%|
|the Company after extraordinary gains|||||
|and losses (RMB Yuan)|||||
|Net cash flows from operating activities|||4,644,103,223.00||
||--|--||7.25%|
|(RMB Yuan)|||||
|Basic EPS (RMB Yuan/share)|0.023|-37.84%|0.072|-28.71%|
|Diluted EPS (RMB Yuan/share)|0.023|-37.84%|0.072|-28.71%|
|Weighted average ROE (%)|1.08%|-0.77%|3.42%|-1.70%|

 Note: The Company carried out repurchasing of B share during the reporting period, which amounted to 39,534,793 shares and was of0.11% of the total share capital of the Company.
According to the No. 16 regulation of S-Z-S[2008] No. 148, if the listed companies disclosed the periodic report during the period when repurchasing the shares, should deduct the repurchased shares of the total outstanding share capital which disclosed on the periodic report, with the relevant financial index (for example, net asset of per share and profit of per share and so on) should calculate according to the deducted total share capital. The above shares had deducted the repurchasing shares.
Items and amounts of extraordinary gains and losses
√Applicable□Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount as of Jan.-Sept. 2014|Note|
|Gains/losses on the disposal of non-current assets (including the offset part of|-3,856,240.00|Naught|

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
||||
|-|-|-|
|asset impairment provisions)|||
|Tax rebates, reductions or exemptions due to approval beyond authority or the|||
||0.00|Naught|
|lack of official approval documents|||
|Government grants recognized in the current period, except for those acquired in|||
|the ordinary course of business or granted at certain quotas or amounts according|643,988,770.00|Naught|
|to the country’s unified standards|||
|Capital occupation charges on non-financial enterprises that recorded into current|||
||0.00|Naught|
|gains and losses|||
|Gains due to that the investment costs for the Company to obtain subsidiaries,|||
|associates and joint ventures are lower than the enjoyable fair value of the|0.00|Naught|
|identifiable net assets of the investees when making the investments|||
|Gain/loss on non-monetary asset swap|0.00|Naught|
|Gain/loss on entrusting others with investments or asset management|0.00|Naught|
|Asset impairment provisions due to acts of God such as natural disasters|0.00|Naught|
|Gain/loss on debt restructuring|0.00|Naught|
|Expenses for business reorganization, such as expenses for staffing,|||
||0.00|Naught|
|reorganization etc.|||
|Gain/loss on the part over the fair value due to transactions with distinctly unfair|||
||0.00|Naught|
|prices|||
|Current gains and losses of subsidies acquired from business combination under|||
||0.00|Naught|
|the same control as from period-begin to combination date|||
|Gain/loss on contingent events irrelevant to the Company’s normal business|0.00|Naught|
|Gains and losses on change in fair value from tradable financial assets and|||
|tradable financial liabilities, as well as investment income from disposal of|||
|tradable financial assets and tradable financial liabilities and financial assets|0.00|Naught|
|available for sales, except for effective hedging related with normal businesses of|||
|the Company|||
|Reversal of impairment provisions for the accounts receivable on which|||
||0.00|Naught|
|impairment tests were carried out separately|||
|Gain/loss on external entrustment loans|0.00|Naught|
|Gain/loss on change of the fair value of investing real estate of which the|||
||0.00|Naught|
|subsequent measurement is carried out adopting the fair value method|||
|Effect on current gains/losses when a one-off adjustment is made to current|||
|gains/losses according to requirements of taxation, accounting and other relevant|0.00|Naught|
|laws and regulations|||
|Custody fee income when entrusted with operation|0.00|Naught|
|Non-operating incomes and expenses other than the above|27,578,008.00|Naught|
|Other gain/loss items that meet the definition of an extraordinary gain/loss||Naught|

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
||||
|-|-|-|
|Less: Income tax effects|39,984,424.00|Naught|
|Minority interests effects (after tax)|20,543,663.00|Naught|
|Total|607,182,451.00|--|

 Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item□ Applicable√ Inapplicable
There was no such situation of the Company during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
||||||||
|-|-|-|-|-|-|-|
|Total number of common|||||||
|||374,149 (of which : A share of 339,822; B share of 34,327)|||||
|shareholders at the period-end|||||||
|Shareholdings of the top ten common shareholders|||||||
|||||Number of|Pledged or frozen shares||
|Name of|Nature of|Shareholding|Number of the||||
|||||restricted shares|||
|shareholder|shareholder|percentage (%)|shares held||Status of shares|Number of shares|
|||||held|||
|BeijingState-ownedCapitalManagementCenter|State-ownedCorporation|11.51%|4,063,333,333|4,063,333,333|||
|||||||0|
|Chongqing CapitalPhotoelectricityInvestment Co.,Ltd.|State-ownedCorporation|8.50%|3,000,000,000|3,000,000,000|||
||||||Pledged|955,000,000|
|Hefei JianxiangInvestment Co.,Ltd.|State-ownedCorporation|8.10%|2,857,142,857|2,857,142,857|||
|Minsheng RoyalFund－CMBC－Ping An Trust－Ping An Wealth－Huitai No. 66Assembled FundsTrust Plan|Other|6.75%|2,380,952,380|2,380,952,380|||
|||||||0|

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
||||||||
|-|-|-|-|-|-|-|
|Hua An Fund－HXB － Ping AnTrust － Ping AnWealth * HuitaiNo. 72 AssembledFunds Trust|Other|6.75%|2,380,952,380|2,380,952,380|||
|Hua An Fund－ICBC－ZhongrongInternational Trust－Zhongrong－RJNo. 1 AssembledFunds Trust Plan|Other|5.40%|1,904,761,904|1,904,761,904|||
|||||||0|
|Beijing E-TOWNInternationalInvestment &Development Co.,Ltd.|State-ownedCorporation|4.21%|1,484,159,406|0|||
||||||Pledged|500,000,000|
|Ping An DahuaFund － Ping AnBank － Ping AnGolden OrangeWealth No. 31Asset ManagementPlan|Other|4.05%|1,428,571,428|1,428,571,428|||
|||||||0|
|Ping An DahuaFund－Ping AnBank－Ping AnGolden OrangeWealth No. 34Asset ManagementPlan|Other|4.05%|1,428,571,428|1,428,571,428|||
|||||||0|
|Shenzhen Ping AnNew Capital Co.,Ltd.|Other|3.37%|1,190,476,190|1,190,476,190|||
|||||||0|
|Shareholdings of the top ten non-restricted common shareholders|||||||
|||Number of non-restricted common shares held at the|||Type of shares||
|Name of shareholder|||||||
|||period-end|||Type|Number|
|Beijing E-TOWN InternationalInvestment & Development Co., Ltd.||1,484,159,406|||RMB ordinary||
|||||||1,484,159,406|
||||||shares||
|Beijing BOE Investment &Development Co., Ltd.||860,981,080|||RMB ordinary||
|||||||860,981,080|
||||||shares||

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
|||||
|-|-|-|-|
|Beijing Economic-TechnologicalInvestment & Development Corp.|860,981,080|RMB ordinary||
||||860,981,080|
|||shares||
|Beijing BDA TechnologicalInvestment Development Co., Ltd.|600,000,000|RMB ordinary||
||||600,000,000|
|||shares||
|Beijing Electronics Holdings Co.,Ltd.|275,303,883|RMB ordinary||
||||275,303,883|
|||shares||
|Hefei Xincheng State-Owned AssetsManagement Co., Ltd.|274,848,276|RMB ordinary||
||||274,848,276|
|||shares||
|Hefei Lan Ke Investment Co., Ltd.|122,369,283|RMB ordinary||
||||122,369,283|
|||shares||
|CSOP Asset Management Limited－CSOP A50 ETF|119,107,200|RMB ordinary||
||||119,107,200|
|||shares||
|CMBC—Yinhua Shenzheng 100Index Securities Investment Fund|111,808,864|RMB ordinary||
||||111,808,864|
|||shares||
|Sinotrans Air TransportationDevelopment Co., Ltd.|111,600,000|RMB ordinary||
||||111,600,000|
|||shares||
||1. Beijing Electronics Holdings Co., Ltd. holds 66.25% shares of Beijing BOE Investment|||
||& Development Co., Ltd. and is its controlling shareholder.|||
||2. When the Company completed private offering of shares in 2010, Beijing E-TOWN|||
||International Investment & Development Co., Ltd. transferred all shares directly held to|||
||Beijing BOE Investment & Development Co., Ltd. for management, then BOE Investment|||
||acquired the attached rights of the shares attributable to other shareholders in accordance|||
||with current effective laws and rules of the Company excluding right of disposition such as|||
||transfer, donation, mortgage etc. and usufruct (including claim for profit distribution and|||
||claim for retained assets distribution).|||
||3. BEIJING ECONOMIC-TECHNOLOGICAL INVESTMENT & DEVELOPMENT|||
|Explanation on associated|CORP. holds 49% shares of BEIJING BDA TECHNOLOGICAL INVESTMENT|||
|relationship or persons acting in|DEVELOPMENT CO., LTD. Both of them are under the control of the Administration|||
|concert among the above-mentioned|Committee of Beijing Economic and Technological Development Zone, which makes them|||
|shareholders|parties acting in concert.|||
||4. After the non-public issuing of the Company in 2014, Beijing State-owned Capital|||
||Operation and Management Center handed over its 70% shares to Beijing Electronics|||
||Holdings Co., Ltd. for management through Stock Management Protocol, and Beijing|||
||Electronics Holdings Co., Ltd. gained the incidental shareholders’ rights except for|||
||disposing right and usufruct of the shares, of which the rest 30% voting right maintained|||
||unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to|||
||Implementation Protocol of Voting Right.|||
||5. Except for relationship among the above shareholders, the Company is not aware of|||
||whether the other top ten shareholders exist associated relationship or not, or they are|||
||persons acting in concert or not.|||
|Top ten non-restricted common|Naught|||

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
||
|-|
|shareholders taking part in margin|
|financing and securities lending (if|
|any)|

Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed buy-back in the reporting period?
□ Yes√ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the period-end
□ Applicable√ Inapplicable
Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as reasons for the changes
√ Applicable□ Inapplicable
||||
|-|-|-|
|Iterm|YoY +/-|Reason for change|
|Monetary funds|99%|The private placement was completed and the raised funds arrived.|
|Interest receivable|179%|Monetary funds increased.|
|Inventories|34%|New production lines went into mass production.|
|Other current assets|153%|We carried out short-term wealth management to increase the capital gains ofthe Group, and the overpaid VAT increased.|
|Fixed assets|48%|Plants and equipment of the new production lines were transferred into fixedassets.|
|Other non-current assets|-30%|Construction of the new production lines was completed and the prepaymentsfor construction decreased.|
|Short-term borrowings|-80%|Some borrowings were repaid.|
|Notes payable|340%|Notes were adopted for settlement of some procurement.|
|Accounts received in advance|38%|Advances from customers increased.|
|Interest payable|-78%|Borrowings decreased.|
|Non-current liabilities due within 1 year|- 95%|Syndicated loans due within 1 year were repaid.|
|Long-term borrowings|30%|More long-term borrowings were secured to support the new production lines.|
|Share capital|161%|The additional issue in the reporting period|
|Capital reserve|155%|The additional issue in the reporting period.|
|Financial expenses|-112%|The interest income increased as monetary funds increased.|
|Investment gains|573%|The bonuses from investees and the operating results of associates improved.|
|Non-business incomes|126%|Government subsidies were received.|
|Non-business expenses|-74%|The loss on disposal of non-current assets decreased.|
|Income tax expenses|286%|The operating results continuously improved.|
|Net cash flows from financing activities|1 09%|The private placement was completed and the raised funds arrived.|

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. II. Progress and influence of significant events, as well as the analysis and explanation on solutions
√ Applicable□ Inapplicable
1. The Hefei Xinsheng Optoelectronics touch-sensitive production line went into production this September and the project went on well.
2.<The Proposal of BOE Technology Group Co., Ltd. on Buying back Some PublicShares> was reviewed and approved at the 2nd SpecialShareholders’ General Meeting for 2014. Foreign exchange application, creditor declaration, specialized securities account opening, etc. were completed. Up to 30 Sept. 2014, we accumulatively bought back 39,534,793 B-shares, accounting for0.11% of our total shares, with the highest buy-back price at HKD 2.6/share and the lowest at HKD 2.42/share. And we accumulatively paid HKD 101,253,499.95 for it.
3. We subscribed for, via our wholly-funded subsidiary BOE Optoelectronics Holding Co., Ltd. (“BOE OH”), some preferred stock rights of Meta at the price about USD 5 million. The deal was concluded before 30 Sept. 2014.
4. The Erdos 5.5G AMOLED Production Line Phase I started mass production in end of this July. The yield rate kept increasing steadily and the customer acceptance work went on well. Phase I was expected to reach full-capacity production by the end of June 2015.
5. As for the Hefei 8.5G Line, equipment installation and debugging were all completed. The production capacity was climbing smoothly, the yield rate increased steadily.It’s expected to reach full-capacity production within the year.
6、As for the Chongqing 8.5G Line Project, top sealing of the main plants completed at the end of July 2014. Currently, cleaning, decoration, etc. are in progress. Andit’s expected to be able to move in equipment within the year.
||||
|-|-|-|
|||Index to the relevant announcement|
|Overview of the significant event|Date of disclosure||
|||disclosed on the website|
|Announcement of BOE Technology Group Co., Ltd. on Acquisitionof Some Equity Interests of Hefei Xinsheng OptoelectronicsTechnology Co., Ltd. and the Related-party Transaction(Announcement No. 2014-043)|||
||29 Jul. 2014|www.cninfo.com.cn|
|Announcement of BOE Technology Group Co., Ltd. on a SubsidiarySigning a Loan Contract (Announcement No. 2014-054)|||
||30 Sept. 2014|www.cninfo.com.cn|

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. III. Commitments made by the Company or shareholders holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period
√ Applicable□ Inapplicable
|||||||
|-|-|-|-|-|-|
||||Time of making|Period of||
|Commitment|Commitment maker|Contents|||Fulfillment|
||||commitment|commitment||
|Commitments of share reform||||||
|Commitments made in acquisition report or||||||
|in report on changes of equity||||||
|Commitments made at the time of assets||||||
|reorganization||||||
|||Committed that the shares acquired||||
||Beijing State-owned Capital Operation and|||||
|||from purchasing would not be||||
||Management Center, Hefei Jianxiang|||||
|||transferred from the first date of issuing|3 Apr. 2014|36 months|Being performing|
||Investment Co., Ltd., Chongqing Capital|||||
|||the newly increased shares of the issuer||||
||Photoelectricity Investment Co., Ltd.|||||
|Commitments made in the first public||within 36 months||||
|offering or refinancing.||Committed that the shares acquired||||
||HuaAn Funds Management Co., Ltd.|||||
|||from purchasing would not be||||
||Minsheng Royal Fund Management Co.,|||||
|||transferred from the first date of issuing|3 Apr. 2014|12 months|Being performing|
||Ltd., Ping An Uob Fund Management Co.,|||||
|||the newly increased shares of the issuer||||
||Ltd.|||||
|||within 12 months||||
|Commitments made in the first public||||||
|offering or refinancing.||||||
|Executed in time or not?|Yes|||||
|Detailed reason for failing to execute and||||||
||Inapplicable|||||
|the plan for the next step (If any)||||||

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. IV. Predict the 2014 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as explanations on the reasons
□Applicable√Inapplicable
V. Securities investment
Notes to the shareholdings of other listed companies
√ Applicable□ Inapplicable
||||||||||
|-|-|-|-|-|-|-|-|-|
||||The Company’s||||||
||||||Gain/loss in the|Change of owner’s|||
|||Initial investment cost|shareholding|Closing book value||||Source of|
|Securities code|Securities abbr.||||reporting period|equity in the reporting|Accounting title||
|||(RMB Yuan)|percentage in the|(RMB Yuan)||||stock|
||||||(RMB Yuan)|period (RMB Yuan)|||
||||investee||||||
||||||||Available-for-sale financial||
|HK00903|TPV Technology|134,658,158|1.04%|29,923,450|193,140|-719,722||Subscription|
||||||||assets||
||||||||Available-for-sale financial|Share|
|SH600658|Electronic Zone|90,160,428|1.69%|129,126,333|2,533,429|13,845,485|||
||||||||assets|exchange|
||||||||Available-for-sale financial||
|HK01963|Bank of Chongqing|120,084,375|0.93%|103,628,925|5,067,713|-4,953,625||Subscription|
||||||||assets||
|Total||344,902,961|--|262,678,708|7,794,282|8,172,138|--|--|

 VI. Researches, visits and interviews received in the reporting period
√Applicable□Inapplicable
Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.
|||||||
|-|-|-|-|-|-|
||||||Main discussion and materials provided by|
|Time|Place|Way of reception|Visitor type|Visitor||
||||||the Company|
||||||Main content discussed:|
|9 Jul. 2014|The Company’s meeting room|Field research|Institution|Macquarie Capital Securities Limited||
||||||1. The operating situation, the future|
||||||development strategy of the Company; 2.|
||||||Industry conditions and development trend;|
|14 Jul. 2014|The Company’s meeting room|Field research|Institution|CITIC Securities Co., Ltd.||
||||||3. Situation of the several production lines of|
||||||the Company;|
||||||Materials provided:|
|||||China Universal Asset Management||
||||||Annual report of the Company of 2013,|
|23 Jul. 2014|The Company’s meeting room|Field research|Institution|Co., Ltd. CINDA Securities Co., Ltd、||
||||||Report of the First Quarter of 2014, brochure|
|||||China Investment Securities Co., Ltd.||
||||||and other public information.|
||||||Main content discussed:|
|5 Sep. 2014|The Company’s meeting room|Field research|Institution|Oppenheimer & Co.||
||||||1. The operating situation, the future|
||||||development strategy of the Company; 2.|
||||||Industry conditions and development trend;|
|||||Brilliance Capital Management Co.,||
|15 Sep. 2014|The Company’s meeting room|Field research|Institution|Brilliance Capital Management||
|||||Ltd.|3. Situation of the several production lines of|
||||||the Company;|
||||||Materials provided:|
|||||Fangyuan Investment Management Co.,||
||||||Annual report of the Company of 2013, the|
|26 Sep. 2014|The Company’s meeting room|Field research|Institution|||
|||||Ltd.|Semiannual Report of 2014, brochure and|
||||||other public information.|

Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd.VII．Influence of the newly promulgated or amended accounting standards on our consolidated financial statements
√Applicable□Inapplicable
In 2014, the Ministry of Finance promulgated or amended “the Accounting Standard for Business Enterprises No.2—Long-term Equity Investment”, “the Accounting Standard for Business Enterprises No.9—Employees’ Compensation”, “the Accounting Standard for Business Enterprises No.30—Financial Statement Reporting”, “the Accounting Standard for Business Enterprises No.33—Consolidated Financial Statements”, “the Accounting Standard for Business Enterprises No.39—Fair Value Measurement”, “the Accounting Standard for Business Enterprises No.40—Joint Operation Arrangements”, “the Accounting Standard for Business Enterprises No.41—Equity Disclosure in Other Entities” and “the Accounting Standard for Business Enterprises No.37—Financial Instrument Reporting”, of which the first seven standards are executed by the Company starting from 1 Jul. 2014. The aforesaid changes of the accounting standards do not affect theCompany’s consolidated financial statements much, with details as follows: I. Long-term equity investment
(I) According to the amended “Accounting Standard for Business Enterprises No.2—Long-term Equity Investment” (hereinafter referred to as the “Long-term Equity Investment Standard”), the Company does not have the following situations and the consolidated financial statements are not affected. As such, no retrospective adjustment is needed:
1. The Company is able to do joint control or significant influence, which does not constitute control, over the invested entity as a result of additional investment or other reasons; or
2. The joint control or significant influence over the invested entity by the Company ceases as a result of disposing part of the investment or other reasons.
(II) The amended Long-term Equity Investment Standard clarifies the accounting treatment on the changes ofowners’ equity of an investee other than the net income and loss, other comprehensive incomes and profit allocation under the equity method. As such, all changes ofowners’ equity of the investees of the Company measured at the equity method belong to net income and loss changes, which do not belong to other changes of theowners’ equity than the net income and loss, other comprehensive incomes and profit allocation. Therefore, the consolidated financial statements are not affected and no retrospective adjustment is needed.
(III) Other equity investments not specified in the amended Long-term Equity Investment Standard are treated adopting the “Accounting Standard for Business Enterprises No.22—Recognition and Measurement of Financial Instruments”.
According to the amended standards, the equity investments (altogether RMB 12,438,032 in book value) that have no offer in the active market and of which the fair value can not be reliably measured in investees that the Company does not have control, joint control or significant influence on are restated as available-for-sale financial assets. And the year-beginning figure in the consolidated statements is also adjusted accordingly.
II. Welfare plan after retirement
According to the amended “Accounting Standard for Business Enterprises No.9—Employees’ Compensation”, the Company reviews the arrangements foremployees’ compensation and no set benefit plan is found. Therefore, the consolidated financial statements are not affected and no retrospective adjustment is needed.
III. Consolidation scope
According to the amended “Accounting Standard for Business Enterprises No.33—Consolidated Financial Statements”, the Company reviews the consolidation scope of the consolidated financial statements and no change of the consolidation scope is found. Therefore, the consolidated financial statements are not affected and no retrospective adjustment is needed.
IV. Arrangements for joint operation
According to “the Accounting Standard for Business Enterprises No.40—Joint Operation Arrangements”, the Company does not have joint operation arrangement. Therefore, the consolidated financial statements are not affected and no retrospective adjustment is needed.
V. Influence of other standard changes
Abstract of the Report for the Third Quarter of 2014 of BOE Technology Group Co., Ltd. Except for the above-mentioned, none of the newly promulgated or amended accounting standards for business enterprises have any significant influence on the financial statements of the Company.