Independent opinions of independent directors on continuing to use some idle raised funds to supplement working capital temporarily
As an independent director of Western Metal Materials Co.Ltd(002149) in accordance with the provisions of the articles of association, the guiding opinions on the establishment of independent director system in listed companies and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, We have reviewed the proposal on continuing to use some idle raised funds to temporarily supplement working capital considered at the 15th meeting of the seventh board of directors. Based on the independent judgment of independent directors, we hereby express independent opinions on the above matters as follows:
The company uses 160 million yuan of idle raised funds to temporarily supplement working capital, which is conducive to improving the use efficiency of funds and reducing the company’s financial expenses, which is in line with the interests of all shareholders of the company. The decision-making procedures for temporarily replenishing working capital with some idle raised funds comply with the relevant provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies and the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board of China Securities Regulatory Commission, There is no conflict with the implementation plan of the investment project with raised funds, and it does not affect the normal progress of the investment project with raised funds, nor does it change the investment direction of raised funds in a disguised manner and damage the interests of shareholders.
Therefore, we agree that the company will continue to use part of the idle raised funds to supplement the working capital temporarily, with a service life of no more than 12 months, and return it to the special account for raised funds before expiration.
Independent directors: Wang Weixiong, Guo Bin, Yang naiding, Yang Lirong
February 21, 2022
