Foran Energy Group Co.Ltd(002911)
Independent opinions of independent directors on the matters of the 23rd Meeting of the 5th board of directors of the company
In accordance with the company law of the people's Republic of China, the rules for independent directors of listed companies, the self regulatory guidelines of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and other relevant laws and regulations, as well as the articles of association and the working system of independent directors, we are the independent directors of Foran Energy Group Co.Ltd(002911) (hereinafter referred to as the "company"), After carefully reviewing the proposal on hedging and other schemes to prevent the risk of natural gas price fluctuation at the 23rd Meeting of the Fifth Board of directors of the company, the independent opinions are as follows:
The company intends to take the company and / or its subsidiaries as the operating entities to manage the business risks arising from the fluctuation of natural gas price index through domestic and foreign commodity hedging with the trading counterparties of investment banks, securities companies, traders and natural gas trade, including but not limited to. The company's hedging business follows the principle of reducing the risk of natural gas price fluctuation and stabilizing the natural gas price. It does not aim at arbitrage and speculation, mainly to effectively avoid the impact of market price fluctuation on the company. The company has established a hedging leading group, which is strictly implemented in accordance with the company's natural gas trading hedging business management system and strictly controls the trading risk. The procedures for convening, convening and making resolutions of the board of directors of the company comply with the provisions of relevant laws, regulations and the articles of association, and there is no situation that damages the interests of listed companies and investors. Therefore, the independent directors unanimously agreed to the above proposal.
(there is no text on this page, which is the signature page of Foran Energy Group Co.Ltd(002911) independent director's independent opinions on the matters of the 23rd Meeting of the Fifth Board of directors of the company) signature of independent director: Zhou Linbin, Chen Qiuxiong, Liao Zhongmin
February 10, 2022
