Securities code: 002911 securities abbreviation: Foran Energy Group Co.Ltd(002911) Announcement No.: 2022-015 Foran Energy Group Co.Ltd(002911)
Announcement on the resolution of the 23rd Meeting of the 5th board of directors
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Meetings of the board of directors
The 23rd Meeting of the 5th board of directors of Foran Energy Group Co.Ltd(002911) (hereinafter referred to as "the company") was held by means of communication voting on February 10, 2022. The notice of this meeting was sent by e-mail on January 29, 2022. There were 9 directors who should attend the meeting and 9 directors who actually attended the meeting. The meeting was presided over by Ms. Yin Hongmei, chairman of the company, and the supervisors and senior managers of the company attended the meeting as nonvoting delegates, The convening and convening of this meeting comply with the provisions of the company law and other relevant laws and regulations and the articles of association.
2、 Deliberations of the board meeting
The proposal on hedging and other schemes to prevent the risk of natural gas price fluctuation was deliberated and adopted
The meeting agreed that the company should take the company and / or its subsidiaries as the operating subjects and manage the business risks arising from the fluctuation of natural gas price index through domestic and foreign commodity hedging with the counterparties of investment banks, securities companies, traders and natural gas trade, including but not limited to, The maximum amount of deposit invested within the validity period of the authorization shall not exceed RMB 1.5 billion (that is, it shall not exceed RMB 1.5 billion at any time within the term, which can be recycled).
The board of directors authorizes the operation and management of the company to make timely decisions to lock the natural gas price by carrying out hedging and other schemes to prevent the risk of natural gas price fluctuation, and sign relevant agreements and documents in combination with the market situation, the actual operation situation of the company and relevant systems. The validity period of the authorization shall be within 12 months from the date of deliberation and approval at the 23rd Meeting of the 5th board of directors. If the duration of a single transaction exceeds the validity period of the authorization, the validity period of the authorization shall be automatically extended to the completion of a single transaction.
See the feasibility analysis report on hedging business published on cninfo.com.cn on the same day for details Relevant documents.
All independent directors of the company have expressed their independent opinions on the above proposal, which are published on cninfo.com.cn on the same day Relevant documents.
Voting results: 9 in favor, 0 against and 0 abstention
The announcement on carrying out natural gas hedging business (Announcement No.: 2022-016) was published on the same day in China Securities Journal, securities times, securities daily and cninfo (www.cn. Info. Com. CN). 3、 Documents for future reference
1. Resolutions of the 23rd Meeting of the 5th board of directors of the company;
2. Independent opinions of the company's independent directors on the matters of the 23rd Meeting of the Fifth Board of directors. It is hereby announced.
Foran Energy Group Co.Ltd(002911) board of directors February 11, 2022
