The prior approval opinions of Pangang Group Vanadium Titanium & Resources Co.Ltd(000629) independent directors on the transfer of assets to related parties and related party transactions are regarded as the independent directors of Pangang Group Vanadium Titanium & Resources Co.Ltd(000629) (hereinafter referred to as the “company”) in accordance with the rules for independent directors of listed companies, the rules for the listing of shares of Shenzhen Stock exchange and other regulations and the relevant provisions of the articles of association, We hereby give our prior approval on the transfer of assets to related parties and related party transactions to be submitted to the 26th meeting of the 8th board of directors of the company for deliberation. Our opinions are as follows:
This related party transaction of the company refers to the asset appraisal report of some assets to be transferred by Panzhihua Iron and Steel Group Titanium Industry Co., Ltd. (Zhonglian pingbao Zi [2021] No. 3845) issued by Zhonglian asset appraisal group Co., Ltd. and takes March 31, 2021 as the appraisal base date. The pricing basis is fair and reasonable, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders. In view of this, we agree that the company will submit the related party transaction to the 26th meeting of the 8th board of directors for deliberation, and the related directors must avoid voting.
(no text below)
(there is no text on this page, which is the signature page of Pangang Group Vanadium Titanium & Resources Co.Ltd(000629) independent director’s prior approval opinions on asset transfer and related party transactions to related parties.)
Director Gao Jinkang, director Yan Hong, director Mituo
February 7, 2022
