Iat Automobile Technology Co.Ltd(300825)
Independent opinions of independent directors on matters related to the 15th meeting of the Fourth Board of directors
In accordance with the relevant provisions of the rules for independent directors of listed companies, the rules for the listing of shares on the gem of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on the gem and the Iat Automobile Technology Co.Ltd(300825) articles of Association (hereinafter referred to as the “articles of association”), As an independent director of Iat Automobile Technology Co.Ltd(300825) (hereinafter referred to as “the company”), we express the following independent opinions on the relevant matters considered at the 15th meeting of the Fourth Board of directors of the company:
1、 Independent opinions on using temporarily idle self owned funds for entrusted financial management
After verification, we believe that without affecting the normal operation and ensuring the safety of funds, the company and its subsidiaries can use the temporarily idle self owned funds of no more than 800 million yuan for entrusted financial management, which can improve the efficiency of the company’s capital use and obtain a better return on investment, which is beneficial to the interests of the company and all investors. The decision-making procedure of this matter complies with the company law, securities law, Shenzhen Stock Exchange GEM Listing Rules, articles of association and other relevant provisions, and there is no damage to the interests of the company and all shareholders. We unanimously agree to this matter and agree to submit it to the second extraordinary general meeting of shareholders of the company in 2022 for deliberation.
2、 Independent opinions on daily related party transactions expected in 2022
After verification, we believe that the actual amount of the company’s daily related party transactions in 2021 did not exceed the expected total amount, but the transaction amount with related parties was more than 20% lower than the expected transaction amount. The reason for the difference is that due to the impact of changes in the market environment and the company’s business development, it is in line with the actual situation of the company. The daily related party transactions that have occurred are fair and just, and the transaction price is fair, There is no behavior that damages the interests of the company and its shareholders, especially the minority shareholders.
The company’s prediction of daily connected transactions in 2022 is based on daily business needs and meets the company’s current and future business needs. Related party transactions are expected to follow the principles of equality, voluntariness, equivalence and compensation. The transaction price is determined through fair and reasonable negotiation on the basis of reference to the market price. There is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders, and will not affect the independence of the company, which is in line with the actual development needs of the company. The decision-making procedures of this matter comply with the company law, securities law, Shenzhen Stock Exchange GEM Listing Rules, articles of association and other relevant provisions. Therefore, we unanimously agree on this matter and agree to submit it to the second extraordinary general meeting of shareholders of the company in 2022 for deliberation.
3、 Independent opinions on applying for comprehensive credit line from the bank and accepting guarantee from related parties
After verification, we believe that: the company applies to the bank for a comprehensive credit line and accepts the free unlimited joint and several liability guarantee from the related parties, Mr. Xuan Qiwu and Ms. Liu Jian. There is no damage to the interests of the company and its shareholders, especially the minority shareholders, nor will it affect the independence of the company, which is in line with the actual development needs of the company, and the deliberation and voting procedures are in line with the company law The relevant provisions of the securities law and other relevant laws, regulations and the articles of association do not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. Therefore, we unanimously agree on this matter.
Independent directors: Luo Ting, Chen Shihua, Li Shujun, Jiang Sheng
February 24, 2022
