New Hope Liuhe Co.Ltd(000876) board of supervisors
On using some idle raised funds to supplement working capital temporarily
Review comments
In accordance with the requirements of relevant laws, regulations and normative documents such as the securities law, the guidelines for the governance of listed companies, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, New Hope Liuhe Co.Ltd(000876) (hereinafter referred to as “the company”) the board of supervisors and all members, after carefully reviewing the proposal on using some idle raised funds to temporarily supplement working capital and other relevant materials, believe that:
The company uses some idle raised funds to temporarily supplement working capital, which is conducive to reducing the company’s financial expenses and improving the use efficiency of raised funds, which meets the needs of the company’s development, does not violate the provisions of relevant laws, regulations and the articles of association, and there is no change or disguised change in the investment direction of raised funds and damage the interests of shareholders. Therefore, it is agreed to continue to use part of the idle raised funds to temporarily supplement the working capital, with a total amount of no more than RMB 180 million, and the service life of no more than 12 months from the date of deliberation and approval by the board of directors. The board of supervisors will supervise the use and return of this part of the raised funds of the company.
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(there is no text on this page, which is only the signature page of the New Hope Liuhe Co.Ltd(000876) board of supervisors’ review opinions on temporarily replenishing working capital with some idle raised funds) signature of the supervisor:
Xu Zhigang
Duan Peilin
Yang Fang
Sun daoju
New Hope Liuhe Co.Ltd(000876) board of supervisors
February 23, 2002
