Hangzhou Century Co.Ltd(300078) independent director
Independent opinions on matters related to the 7th Meeting of the 5th board of directors
Hangzhou Century Co.Ltd(300078) (hereinafter referred to as “the company”) held the seventh meeting of the Fifth Board of directors on January 27, 2022. As independent directors of the company, we carefully read the relevant meeting materials. According to the guiding opinions on the establishment of independent director system in listed companies, Shenzhen Stock Exchange gem listing rules and other laws Regulations, normative documents and relevant provisions of the Hangzhou Century Co.Ltd(300078) articles of association, hereby express the following independent opinions on relevant matters of the company:
1、 Independent opinions on carrying out foreign exchange hedging business
The procedure of the company’s deliberation on this matter complies with relevant national laws and regulations and the relevant provisions of the articles of association. This foreign exchange hedging business is related to the overseas business of the company and its subsidiaries. For the purpose of avoiding and preventing exchange rate risk, it follows the principle of prudence and does not damage the interests of the company’s shareholders, especially small and medium-sized shareholders. At the same time, the company has formulated the special management system for high-risk investment business and the internal control system for long-term foreign exchange settlement and sales transactions, improved the relevant business approval process, determined reasonable accounting principles and controllable risks. Therefore, it is agreed that the company shall carry out foreign exchange hedging business in accordance with the provisions of relevant systems.
2、 Independent opinions on the use of temporarily idle raised funds for cash management
The company and its subsidiaries used the temporarily idle raised funds for cash management under the condition of ensuring that the construction of investment projects with raised funds will not be affected, which met the relevant provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies and the management system of raised funds formulated by the company, and performed the necessary legal approval procedures, At the same time, it is conducive to improve the use efficiency of the raised funds and obtain certain investment income. There is no situation of changing the purpose of the raised funds in a disguised form and damaging the interests of the company’s shareholders. Therefore, we agree that the company and its subsidiaries use the temporarily idle raised funds for cash management.
Independent director: Zeng Aimin, Chen Lei, Liang Li January 27, 2022
