Securities code: 002999 securities abbreviation: Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) Announcement No.: 2022-003 Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999)
Announcement on resolutions of the 9th meeting of the 5th board of directors
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Meetings of the board of directors
The 9th meeting of the 5th board of directors of Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) (hereinafter referred to as “the company”) was held by means of communication on Tuesday, February 8, 2022. The notice of the meeting was sent to all directors by mail on January 29, 2022. There are 9 directors who should attend the meeting, and 9 actually attended the meeting.
The meeting was convened and presided over by Chairman Liu Yi, and all supervisors attended the meeting as nonvoting delegates. The meeting was held in accordance with relevant laws, administrative regulations, departmental rules and the articles of association.
2、 Deliberations of the board meeting
1. The proposal on using some idle raised funds to temporarily supplement working capital was deliberated and adopted
In order to improve the use efficiency of the raised funds and reduce the financial expenses, on the premise of ensuring that the normal implementation of the raised investment projects is not affected, the company is agreed to use the idle raised funds of no more than RMB 100 million to temporarily supplement the working capital. The service life is within 12 months from the date of deliberation and approval by the board of directors, and it shall be returned to the special account for raised funds in time at the expiration of the term.
The independent directors expressed their independent opinions on this matter. The recommendation institution China Merchants Securities Co.Ltd(600999) issued verification opinions on this.
See details disclosed by the company on cninfo.com（ http://www.cn.info.com.cn. ）Announcement on using part of idle raised funds to temporarily supplement working capital (Announcement No.: 2022-005), independent opinions of independent directors on relevant matters of the ninth meeting of the Fifth Board of directors, and China Merchants Securities Co.Ltd(600999) verification opinions on Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) using part of idle raised funds to temporarily supplement working capital.
Voting results: 9 in favor, 0 against and 0 abstention.
2. The proposal on the participation of subsidiary Jiafeng agricultural service company in the investment of silk, Miao and rice industrial park project was deliberated and passed. In order to better serve agriculture, rural areas and farmers and implement the Rural Revitalization Strategy, Haifeng Jiafeng agricultural science and Technology Service Co., Ltd., a wholly-owned subsidiary of the company, was agreed to participate in the investment and construction of some projects of “Guangdong silk, Miao and rice Cross County cluster Industrial Park (Shanwei City)”. The investment amount is about 133.7 million yuan, including 44.3 million yuan of provincial special financial funds and 89.4 million yuan of supporting self raised funds.
See details disclosed by the company on cninfo.com（ http://www.cn.info.com.cn. ）Announcement on the participation of subsidiary Jiafeng agricultural service company in the investment of silk seedling rice industrial park project (Announcement No.: 2022-006). Voting results: 9 in favor, 0 against and 0 abstention.
3. The proposal on the establishment of Suqian Xinhe company by the subsidiary Jiangsu Xinhe company was deliberated and adopted
In order to further expand the agricultural materials market in Suqian, Jiangsu and better serve the local agricultural development in Suqian, it is agreed that the company’s subsidiary Jiangsu Xinhe supply and Marketing Co., Ltd. (hereinafter referred to as “Jiangsu Xinhe company”) will cooperate with Suqian Xinghe economic and Trade Co., Ltd., Suqian suyu Petrochemical Company and Suqian qianqifeng supply and Marketing Co., Ltd, Suqian Xinhe supply and Marketing Co., Ltd. (tentative name, subject to industrial and commercial registration) is jointly invested to establish Suqian Xinhe supply and Marketing Co., Ltd. in Suqian City, Jiangsu Province, with a registered capital of 5 million yuan, including 3.5 million yuan invested by Jiangsu Xinhe company and 1.5 million yuan invested by other partners. This transaction does not constitute a connected transaction.
Voting results: 9 in favor, 0 against and 0 abstention.
4. The proposal on the establishment of Shandong Linyi company by the subsidiary Jinan Tianhe company was deliberated and adopted
In order to further promote the company’s development strategy of “based on Guangdong, deeply ploughing in South China and moving towards the whole country”, expand the regional agricultural materials market in Linyi, Shandong, and improve the market share and competitiveness, it is agreed that the company’s subsidiary Jinan Tianhe Agricultural Materials Co., Ltd. (hereinafter referred to as “Jinan Tianhe company”) and its key employee Li Fusong, Xu Guangsheng, the former operator of Lanling Xu Guangsheng agricultural science and Technology Service Center, and his key employees Wang Gaojian and Jiao Yongmei jointly funded the establishment of Linyi Tianhe Guangsheng agricultural science and Technology Co., Ltd. (tentative name, subject to industrial and commercial registration) in Linyi City, Shandong Province, with a registered capital of 5 million yuan, including 3 million yuan from Jinan Tianhe company and 2 million yuan from other partners, This transaction does not constitute a connected transaction.
Voting results: 9 in favor, 0 against and 0 abstention.
3、 Documents for future reference
1. Resolutions of the 9th meeting of the 5th board of directors;
2. Independent opinions of independent directors on matters related to the ninth meeting of the Fifth Board of directors;
3. China Merchants Securities Co.Ltd(600999) verification opinions on Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) using some idle raised funds to temporarily supplement working capital.
It is hereby announced.
Guangdong Tianhe Agricultural Means Of Production Co.Ltd(002999) board of directors February 10, 2022
