Securities code: 600870 securities abbreviation: * ST Xiahua Announcement No.: pro 2022-009 Xiamen Overseas Chinese Electronic Co.Ltd(600870)
Announcement on the proposed purchase of liability insurance for directors, supervisors and senior managers of the company
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Xiamen Overseas Chinese Electronic Co.Ltd(600870) (hereinafter referred to as "the company") held the 28th meeting of the ninth board of directors and the 17th meeting of the ninth board of supervisors on February 9, 2022, and deliberated and adopted the proposal on purchasing liability insurance for directors, supervisors and senior managers of the company. In order to further improve the company's risk management system, reduce the company's operational risks, and promote the directors, supervisors and senior managers of the company to fully exercise their powers and perform their duties within their scope of responsibility, the company plans to purchase liability insurance for directors, supervisors and senior managers in accordance with the standards for governance of listed companies and other relevant provisions of the CSRC. The details are as follows:
1、 Specific insurance liability scheme
1. Applicant: Xiamen Overseas Chinese Electronic Co.Ltd(600870)
2. Insured: all directors, supervisors, senior managers and other relevant responsible persons
3. Insurance liability limit: subject to the insurance contract finally signed
4. Total insurance premium: subject to the final signed insurance contract
5. Insurance period: 1 year
In order to improve the efficiency of decision-making, the board of directors of the company plans to submit to the general meeting of shareholders of the company to authorize the management of the company to handle the affairs of all directors Matters related to the purchase of liability insurance for supervisors and senior managers (including but not limited to determining the scope of other insured; determining the insurance company; determining the insurance liability limit, total premium and other insurance terms; selecting and appointing insurance brokerage companies or other intermediaries; signing relevant legal documents and dealing with other matters related to insurance), And handle matters related to renewal or re insurance before the expiration of the insurance contract in the future.
The proposal needs to be submitted to the general meeting of shareholders for approval.
2、 Opinions of independent directors
The company purchases liability insurance for all directors, supervisors, senior managers and other relevant responsible persons, which is conducive to promoting the compliance performance of directors, supervisors, senior managers and other relevant responsible persons and reducing the possible risks and losses during the performance of their duties; It helps to improve the company's risk management system and protect the rights and interests of the company and investors. Its decision-making process is legal and effective, and there is no situation that damages the interests of shareholders, especially the interests of small and medium-sized investors.
We agree to purchase liability insurance for all directors, supervisors, senior managers and other relevant responsible persons, and agree to submit it to the general meeting of shareholders of the company for deliberation.
3、 Opinions of the board of supervisors
The company plans to purchase liability insurance for all directors, supervisors, senior managers and other relevant responsible persons in accordance with the standards for the governance of listed companies and other relevant provisions of the CSRC, which will help promote the compliance performance of directors, supervisors, senior managers and other relevant responsible persons and reduce the possible risks and losses during the performance of their duties; It helps to improve the company's risk management system and protect the rights and interests of the company and investors, without damaging the interests of shareholders, especially the interests of small and medium-sized investors.
It is hereby announced.
Xiamen Overseas Chinese Electronic Co.Ltd(600870) board of directors February 9, 2022
