Weifang Yaxing Chemical Co.Ltd(600319) independent director
Independent opinion of
In accordance with the company law, the articles of association and other relevant provisions, as an independent director of Weifang Yaxing Chemical Co.Ltd(600319) (hereinafter referred to as “the company”), after carefully reviewing the relevant proposals and materials provided by the board of directors, we express the following independent opinions on the relevant matters considered at the ninth meeting of the eighth board of directors of the company:
1、 Proposal on applying for loans and related party transactions from controlling shareholders
The company plans to apply for a loan of 60 million yuan from the controlling shareholder Weifang Urban Construction Development Investment Group Co., Ltd., with a loan interest rate of 7.5% and a loan period from the date of loan to May 30, 2022, in order to meet the capital needs of the company’s daily turnover, increase capital liquidity, improve capital use efficiency and prevent capital risks, There is no behavior that damages the interests of listed companies and all shareholders, especially minority shareholders.
2、 Proposal on confirming the daily deposits and loans to related parties in 2021 and estimating the daily deposits and loans in 2022
Among the deposits and loans applied by the company’s related party Weifang Bank Co., Ltd. (hereinafter referred to as “Weifang bank”), the maximum daily balance of deposits in 2021 was 175.1577 million yuan, the loan amount was 122 million yuan, the loan interest rate was 6% annualized, and the loan term was one year from the date of borrowing; It is estimated that the maximum daily deposit balance in 2022 will not exceed 300 million yuan. It is estimated that in the loan matters in 2022, the company plans to negotiate with Weifang bank on the loan related matters in 2022 according to the loan amount and conditions in 2021. This transaction is to meet the capital needs of the company’s daily turnover and help to increase capital liquidity, Improve the efficiency of capital use and prevent capital risks. There is no behavior that damages the interests of listed companies and all shareholders, especially small and medium-sized shareholders.
When the board of directors considered the above related party transactions, the related directors avoided voting, and the deliberation and decision-making procedures of this related party transaction comply with the provisions of laws and regulations and the articles of association. We agree to this matter and agree to submit it to the general meeting of shareholders for deliberation.
Signature of independent director:
February 21, 2002
