Securities code: 688368 securities abbreviation: Shanghai Bright Power Semiconductor Co.Ltd(688368) Announcement No.: 2022-012 Shanghai Bright Power Semiconductor Co.Ltd(688368)
Announcement on purchasing directors, supervisors and senior managers liability insurance
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Shanghai Bright Power Semiconductor Co.Ltd(688368) (hereinafter referred to as "the company") held the 21st Meeting of the second board of directors and the 21st Meeting of the second board of supervisors on February 23, 2022, deliberated and adopted the proposal on purchasing high liability insurance for directors and supervisors, in order to improve the company's risk management system, strengthen risk control, reduce the company's operational risk and ensure the company's directors The rights and interests of supervisors and senior managers and the interests of investors, and promote the management of the company to fully exercise their rights and perform their duties. According to the relevant provisions of the standards for the governance of listed companies, the company purchases liability insurance for all directors, supervisors and senior managers (hereinafter referred to as "directors, supervisors and senior managers liability insurance").
The matter still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation, and the independent directors have expressed their independent opinions on the proposal. The relevant matters are hereby announced as follows:
1、 Overview of this insurance
1. Applicant: Shanghai Bright Power Semiconductor Co.Ltd(688368)
2. Insured: directors, supervisors and senior managers of the company
3. Limit of compensation: no more than 50 million yuan / year (subject to the amount negotiated between the company and the insurance company)
4. Premium expenditure: no more than 380000 Yuan / year (subject to the amount negotiated between the company and the insurance company)
5. Insurance period: 12 months (it can be renewed or re insured every year)
To improve decision-making efficiency, The board of directors of the company requests the general meeting of shareholders to authorize the management of the company to handle matters related to the purchase of directors' supervisors' senior liability insurance within the above authority (including but not limited to determining that other relevant responsible subjects are the insured, determining the insurance company, determining the insurance amount, compensation limit, insurance premium and other insurance terms; selecting and appointing insurance brokerage companies or other intermediaries; signing relevant legal documents and dealing with other matters related to insurance), And handle matters related to renewal or re insurance at or before the expiration of the above insurance contract in the future.
2、 Opinions of the board of supervisors
The board of supervisors believes that the company's purchase of directors, supervisors and senior managers' liability insurance is conducive to improving the company's risk management system, promoting the relevant responsible personnel to fully exercise their rights and perform their duties, and protecting the rights and interests of the company and investors. Therefore, it agrees to purchase liability insurance for the directors, supervisors and senior managers of the company. The deliberation procedure of this matter is legal and compliant, and there is no damage to the interests of the company and all shareholders. We agree to submit this matter to the general meeting of shareholders of the company for deliberation. 3、 Opinions of independent directors
Independent directors believe that: the company's purchase of liability insurance for all directors, supervisors and senior managers will help protect the rights and interests of the company and its directors, supervisors and senior managers and promote the standardized operation of the company; Help relevant responsible persons to perform their duties in compliance and reduce the risks or losses that may be caused by directors, supervisors and senior managers during the performance of their duties; Help to improve the company's risk management system and promote the development of the company; It helps to protect the rights and interests of the company and investors, and there is no damage to the interests of shareholders, especially the interests of minority shareholders.
Therefore, we agree to purchase liability insurance for the company and all directors, supervisors and senior managers, and agree to submit the matter to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Shanghai Bright Power Semiconductor Co.Ltd(688368) board of directors February 24, 2022
