Rightway Holdings Co.Ltd(600321) independent director
Independent opinions on matters related to the 27th meeting of the 10th board of directors
As an independent director of Rightway Holdings Co.Ltd(600321) (hereinafter referred to as “the company”), in accordance with the relevant provisions of laws, regulations and normative documents such as the guiding opinions on the establishment of independent director system in listed companies, the stock listing rules of Shanghai Stock Exchange and the articles of association, The following opinions are expressed on the proposal on terminating the repurchase of company shares deliberated at the 27th meeting of the 10th board of directors of the company:
The termination of share repurchase is a prudent decision made by the company based on the current external environment and its own capital situation, giving priority to the limited funds for daily operating expenses, rigid debt repayment and other matters related to maintaining the stability of daily operation, so as to ensure the continuous operation, healthy and stable development of the company. The termination of share repurchase is more in line with the actual situation of the current company, can protect the rights and interests of the majority of shareholders to a greater extent, and is in line with the long-term interests of the company. There is no damage to the rights and interests of all shareholders, especially small and medium-sized shareholders, and will not have a significant adverse impact on the production and operation, financial status and shareholders’ rights and interests of the company. The decision-making procedures for the termination of share repurchase comply with relevant laws and regulations and the relevant provisions of the articles of association, and the company is agreed to terminate share repurchase.
It is hereby explained.
Independent directors: Xie Simin, Wu Liansheng, Lin Zhongzhi Rightway Holdings Co.Ltd(600321)
February 21, 2022
