Securities code: 002825 securities abbreviation: Shanghai Nar Industrial Co.Ltd(002825) Announcement No.: 2022-009 Shanghai Nar Industrial Co.Ltd(002825)
Announcement of resolutions of the 18th meeting of the 4th board of directors
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Meetings of the board of directors
The 18th meeting of the 4th board of directors of Shanghai Nar Industrial Co.Ltd(002825) (hereinafter referred to as “the company”) was held in the company’s conference room on February 22, 2022 by means of on-site combined communication. The meeting was notified to all directors by fax, e-mail and official text on February 18, 2022.
There are 7 directors who should attend the meeting, and 7 actually attended the meeting. Supervisors and senior managers of the company attended the meeting as nonvoting delegates, among which directors Wang tie, Yan Jie and Jiang Wei participated in the meeting by means of communication voting. The meeting was convened and presided over by Mr. You Aiguo, chairman of the board of directors. The procedures for convening and convening the meeting comply with the provisions of the company law of the people’s Republic of China and the articles of association.
2、 Deliberations of the board meeting
1. The proposal on carrying out commodity futures hedging business in 2022 was deliberated and adopted
In order to make full use of the hedging function of the futures market, effectively control market risks, avoid the adverse impact of large-scale fluctuations in raw material prices on the operation of the company and its subsidiaries, reduce losses caused by adverse changes in commodity prices, improve the company’s overall ability to resist risks and promote the stable and healthy development of the company. In 2022, the maximum margin of the commodity futures hedging business to be carried out by the company and its subsidiaries is RMB 30 million (excluding the physical delivery of the subject matter of the futures). The transaction amount at any point in the term (including the relevant amount of reinvestment of the income of the above investment) shall not exceed the securities investment limit and can be recycled within the limited limit. The source of funds is the company’s own funds and does not involve raised funds. For details, please refer to China Securities Journal, securities times and cninfo (www.cn. Info. Com. CN.) published by the company on the same day Announcement on carrying out futures hedging business in 2022 (Announcement No.: 2022-011).
The independent directors of the company agreed to this proposal and expressed independent opinions. For details, see http://www.cn.info.com.cn.
Review results: 7 in favor, 0 against and 0 abstention.
2. The proposal on providing guarantee for wholly-owned subsidiaries was deliberated and adopted
In order to ensure the normal performance of the construction contract and meet the requirements of relevant laws and regulations of the local government where the construction project is located, the company applies to China Merchants Bank Co.Ltd(600036) Shanghai Branch for fengchengnar to issue a letter of guarantee. The balance of the guarantee amount at any time point is not more than 20 million yuan (about 10% of the construction contract amount of 175.25 million yuan), and the term is consistent with the construction contract, The beneficiary of the guarantee is Jiangxi Construction Engineering Transportation Construction Co., Ltd. For details, please refer to China Securities Journal, securities times and cninfo (www.cn. Info. Com. CN.) published by the company on the same day Announcement on providing guarantee for wholly-owned subsidiaries (Announcement No.: 2022-012).
Review results: 7 in favor, 0 against and 0 abstention.
3. The proposal on signing strategic cooperation agreement and foreign investment with Shanghai Lingang Holdings Co.Ltd(600848) economic development (Group) Co., Ltd. was deliberated and adopted
The company signed the strategic cooperation agreement with Shanghai Lingang Holdings Co.Ltd(600848) economic development (Group) Co., Ltd. to land its core parts projects in the field of hydrogen energy, key equipment projects in the field of hydrogen energy, hydrogen energy industry research institute and other projects in Party A’s port park. It is preliminarily planned to invest 300 million yuan in phase I. Set up a hydrogen energy industry investment fund in the port Park, with the scale of phase I of the fund of 200 million yuan. For details, please refer to China Securities Journal, securities times and cninfo (www.cn. Info. Com. CN.) published by the company on the same day Announcement on signing strategic cooperation agreement and foreign investment with Shanghai Lingang Holdings Co.Ltd(600848) economic development (Group) Co., Ltd. (Announcement No.: 2022-013).
Review results: 7 in favor, 0 against and 0 abstention.
3、 Documents for future reference
1. Resolution of the 18th meeting of the 4th board of directors of the company.
It is hereby announced.
Shanghai Nar Industrial Co.Ltd(002825) board of directors February 22, 2022
