Wuxi Commercial Mansion Grand Orient Co.Ltd(600327)
Opinions of independent directors
Wuxi Commercial Mansion Grand Orient Co.Ltd(600327) (hereinafter referred to as “the company”) held the first extraordinary meeting of the eighth board of directors in 2022 on February 22, 2022. As an independent director of the company, he carefully considered the proposal on subscription of partnership shares and related party transactions considered at this meeting, and now in accordance with relevant regulations According to the rules of the stock exchange where the company’s shares are listed and the articles of association and other relevant provisions, the following opinions are expressed on the proposal and related matters:
(1) Under the background that the global core economies have successively released the timetable for realizing “carbon neutrality”, especially the “double carbon” goals of “carbon peak in 2030” and “carbon neutrality in 2060”, based on the strategic prediction and layout of the company’s future sustainable development, and with the strong support of the controlling shareholders, In the early stage, the automobile sales and service business dominated by traditional fuel vehicles was stripped off by means of major asset sales and major asset restructuring and the transfer of relevant assets by the controlling shareholder in 2021; At the same time, based on the direction of “big consumption” of the company’s dual main business strategy of “big consumption + big health”, the company continues to look for the transformation and development direction in line with its long-term focus on operation and its extension and expansion fields. The company intends to subscribe for the share of Shanghai Jidao Airlines new energy development partnership (limited partnership) with its own funds as a limited partner (LP), which is to continue the above strategic direction and expand the development opportunities of new energy vehicles and other future green consumption fields. This subscription is still a financial investment, which is not expected to have a significant impact on the current performance of the company.
(2) The investment forms a related party transaction due to joint investment with related parties, follows the principle of market fairness, and no behavior damaging the interests of the company and minority shareholders is found;
(3) When the board of directors of the company deliberated the proposal, the related directors withdrew, the deliberation procedure was in line with laws and regulations, the voting procedure was legal and effective, and agreed to submit it to the general meeting of shareholders of the company for deliberation in accordance with the requirements of relevant regulations. Wuxi Commercial Mansion Grand Orient Co.Ltd(600327)
Independent directors (signature): Tang Song, Li bailing, Ju Xiaolin February 22, 2022
