Hangzhou Zhongya Machinery Co.Ltd(300512)
Independent directors’ opinions on the 10th meeting of the 4th board of directors of the company
Prior approval opinions on relevant matters
(January 29, 2022)
Hangzhou Zhongya Machinery Co.Ltd(300512) (hereinafter referred to as “the company”) held the 10th meeting of the Fourth Board of directors on January 29, 2022. Before the meeting, the company provided us with relevant documents related to the meeting. In accordance with relevant laws and regulations and the articles of association, we, as independent directors of the company, in line with the principles of seeking truth from facts, being serious and responsible, fairness, impartiality and good faith, and based on independent judgment, give the following prior approval opinions on relevant matters:
Prior approval opinions on foreign investment, establishment of joint ventures and related party transactions
1. This foreign investment to establish a joint venture is mainly engaged in the R & D, production, manufacturing and sales of automation equipment and systems, which can enrich the company’s product series, further improve the company’s market competitiveness and promote the continuous growth of the company’s performance, which is in line with the interests of the company and all shareholders.
2. This foreign investment and related party transactions comply with the provisions of relevant laws and regulations, and the voting procedures are legal and effective; The capital source of the company’s foreign investment this time is its own capital, which will not have a significant adverse impact on the company’s financial and operating conditions, and there is no damage to the interests of the company and all shareholders.
To sum up, we unanimously agree to submit the proposal on foreign investment and establishment of joint ventures and related party transactions to the board of directors of the company for deliberation.
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(this page is the signature page of Hangzhou Zhongya Machinery Co.Ltd(300512) independent directors’ prior approval opinions on matters related to the 10th meeting of the Fourth Board of directors of the company)
Independent director: Liu Yusheng
Jin Ming
Lu Youjiang
