Yuan Longping High-Tech Agriculture Co.Ltd(000998) independent director
Independent opinions on matters related to the 14th (Interim) meeting of the 8th board of directors
In accordance with the relevant provisions of the rules for independent directors of listed companies, the rules for the listing of shares of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board of China Securities Regulatory Commission, we, as independent directors of Yuan Longping High-Tech Agriculture Co.Ltd(000998) (hereinafter referred to as the “company”), Independent opinions on matters related to the 14th (Interim) meeting of the eighth board of directors of the company are as follows: I. independent opinions on the outline of the company’s long-term service plan
(I) the company’s implementation of long-term service plan is conducive to attracting and retaining core talents to serve the company for a long time, building a benefit sharing mechanism among the company, shareholders and employees, and promoting the stable and healthy development of the company.
(II) the formulation of the long-term service plan complies with relevant regulations, which is conducive to promoting the realization of the company’s medium and long-term strategic objectives and promoting the sustainable development of the company, without damaging the company and all shareholders.
(III) the deliberation and decision-making procedures of this proposal comply with the company law, the articles of association and other relevant provisions, and the voting results are legal and valid.
In conclusion, we agree to submit the proposal on the outline of the company’s long term service plan to the general meeting of shareholders for deliberation. 2、 Independent opinions on changing the purpose of repurchased shares
The company’s change of the purpose of the shares repurchased in the early stage complies with the relevant provisions of the company law, the securities law and other relevant regulations, conforms to the actual situation of the company, will not have a significant impact on the company’s operation, finance, shareholders’ equity, etc., and will not affect the company’s listing status. The deliberation and decision-making procedures of this change are legal and compliant, There is no situation that damages the interests of the company and all shareholders.
In conclusion, we agree that the company will change the purpose of the shares repurchased in the previous period.
3、 Independent opinions on the company’s long term service plan phase I employee stock ownership plan
(I) the company is not prohibited from implementing the employee stock ownership plan as stipulated in the guiding opinions on the pilot implementation of the employee stock ownership plan by listed companies, and the company has the subject qualification to implement the employee stock ownership plan.
(II) before the announcement, the employee stock ownership plan has fully solicited opinions through the convening of the employee congress. The formulation of the employee stock ownership plan follows the principle of “compliance according to law, voluntary participation and risk bearing”, and complies with the relevant provisions such as the guiding opinions on the pilot implementation of the employee stock ownership plan by listed companies.
(III) the implementation of the employee stock ownership plan by the company is conducive to the establishment and improvement of the company’s long-term incentive mechanism, and enhance the sense of responsibility and mission of the company’s management team and business backbone to realize the sustainable and healthy development of the company. There is no situation that damages the interests of the company and all shareholders, or forces employees to participate in the employee stock ownership plan by means of apportionment, forced distribution, etc.
(IV) when the board of directors deliberates the proposals related to the ESOP, the related directors have avoided voting in accordance with relevant regulations, the deliberation and decision-making procedures are legal and effective, and the ESOP needs to be submitted to the general meeting of shareholders for deliberation.
To sum up, we agree to submit the proposal on the company’s first phase ESOP (Draft) and summary of long-term service plan, the proposal on the company’s management measures for the first phase ESOP of long-term service plan, and the proposal on submitting to the general meeting of shareholders to authorize the board of directors to handle matters related to the first phase ESOP to the general meeting of shareholders for deliberation.
Independent director: Pang Shoulin, Tang Hong, Chen Chao, Dai Xiaofeng, Gao Yisheng February 15, 2002
