Dymatic Chemicals Inc(002054) : Huaxi Securities Co.Ltd(002926) verification opinions on the expected continuous related party transactions with the related party Shunde rural commercial bank in Dymatic Chemicals Inc(002054) 2022

Huaxi Securities Co.Ltd(002926)

About Dymatic Chemicals Inc(002054)

Expected continuous related party transactions with related party Shunde rural commercial bank in 2022

Verification opinions

Huaxi Securities Co.Ltd(002926) (hereinafter referred to as ” Huaxi Securities Co.Ltd(002926) ” and “sponsor”) as the sponsor of Dymatic Chemicals Inc(002054) (hereinafter referred to as ” Dymatic Chemicals Inc(002054) ” and “company”) non-public offering of A-Shares in 2020, According to the stock listing rules of Shenzhen Stock Exchange, self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 13 – recommendation business and other relevant provisions, the expected continuous connected transactions in Dymatic Chemicals Inc(002054) 2022 are verified. The details are as follows:

1、 Basic information of related party transactions

(I) overview of related party transactions

The company and its holding subsidiaries have opened bank accounts in Guangdong Shunde Rural Commercial Bank Co., Ltd. (hereinafter referred to as “Shunde rural commercial bank”) and incurred deposit and loan business, cash management and other businesses. It is expected that the cumulative limit in 2022 will not exceed 4.05 million yuan, and the actual total amount of similar transactions in 2021 will be 6.8154 million yuan.

(II) estimated category and amount of daily related party transactions (Unaudited amount)

Unit: 10000 yuan

Current year cut-off

Content of related party transactions of related parties related party transactions from the current year to the disclosure date

Profit from savings business

Guangdong Shunxi income and cash management

The income generated by rural Germany (the main market price is 200.00 0.00 253.16), which enables commercial banks to purchase Principal Guaranteed bank balances

Bank of use (stock structured financial products)

Profit market pricing generated by limited company loan business 200.00 38.31 423.84 interest expense

Renewal expenses of hand market pricing 5.00 0.40 4.54 generated by other businesses

Current year cut-off

Content of related party transactions of related parties related party transactions from the current year to the disclosure date

Total / market price 405.00 38.71 681.54

(III) actual occurrence of daily connected transactions in the previous year (Unaudited amount)

Unit: 10000 yuan

Actual hair actual hair

Proportion of the actual estimated amount of related party transactions in the amount of related party transactions

Category: amount of Lianyi content, expected disclosure date and index of similar industries

Proportion difference between personnel and business

(%) (%)

Savings industry

Produced by

Profit generated

Interest income,

Guangji cash

East Management Office

253.16 300.00 55.19% – 15.61%

German income (main)

Nongyao purchased the capital use industry structure (2021-007) of the announcement of Shunde rural commercial bank’s expected continuous connected transactions with related parties in 2021 Published in the securities (products) and securities times of CBRI property on February 27, 2021 and cninfo stock loan industry (www.cn. Info. Com. CN.) 423.84 800.00 14.84% – 47.02% produced by Fenwu

Living profit

Interest limited expenditure

Other public businesses

Produced by

Raw hands 4.54 10.00 5.23% – 54.60%

Renewal payment

Out

Total / 681.54 1110.00 20.04% – 38.60%

The actual loan amount applied by the board of directors of the company to Shunde rural commercial bank in 2021 is lower than the expected application amount, so the interest expense and handling fee expense arising from related loan transaction are less than the expected amount.

The daily amount of related party transactions actually occurred in the company is based on the upper limit of possible business between both parties. The actual amount and expected amount are determined according to the actual contract amount signed by both parties and the implementation progress, with great uncertainty. There is a big difference between the actual amount and expected amount, and the actual amount does not exceed the expected amount, In line with the international production and operation situation and future development needs of the company. Description (if applicable)

Actual hair actual hair

Proportion of the actual estimated amount of related party transactions in the amount of related party transactions

Category: amount of Lianyi content, expected disclosure date and index of similar industries

Proportion difference between personnel and business

(%) (%)

The company is independent. In 2021, the actual amount of continuous connected transactions between the company and its related party Shunde rural commercial bank is lower than the daily estimated amount of the directors, mainly because the actual loan amount applied by the company to Shunde rural commercial bank in 2021 is lower than the expected amount of connected transactions, Therefore, the interest expense arising from relevant loan business and the actual expense of handling charges arising from other businesses are less than the expected amount. The estimated amount of daily connected transactions between the company and Shunde rural commercial bank is the upper limit of the possible situation and business of both parties. The actual amount is determined according to the actual contract amount signed by both parties and the implementation progress, which has great uncertainty, resulting in the difference between the actual amount and the estimated amount, The above situation is quite different, which meets the actual production and operation situation and future development needs of the company, and there is no explanation that damages the interests of the company and all shareholders (if applicable)

2、 Related person introduction and relationship

(I) basic information

Guangdong Shunde Rural Commercial Bank Co., Ltd., formerly known as Shunde rural credit cooperative, was established in Shunde, Guangdong in 1952 and successfully restructured into a rural commercial bank on December 23, 2009. Registered address: No. 2, Yongcui Road, daliangdehe neighborhood committee, Shunde District, Foshan City.

At present, the total share capital of Shunde rural commercial bank is 508200427 shares, the legal representative is Yao Zhenyong, and the largest shareholder is Foshan Shunde Chengshun Asset Management Co., Ltd., with a shareholding ratio of 7.41% of the total share capital of Shunde rural commercial bank.

Shunde rural commercial bank’s main business: absorbing local and foreign currency public deposits; Issuing short-term, medium-term and long-term loans in local and foreign currencies; Handle settlement outside China; Handle bill acceptance and discount; Acting as an agent for issuing, cashing and underwriting government bonds; Buying and selling government bonds and financial bonds; Engage in local and foreign currency interbank borrowing; Engage in bank card business; Acting for collection and payment of funds and insurance business; Provide safe deposit box service; Foreign exchange remittance and foreign exchange; Settlement and sale of foreign exchange; Foreign exchange credit investigation, consultation and witness business; Other businesses approved by the banking regulatory authority under the State Council and other relevant regulatory authorities.

Financial indicators of Shunde rural commercial bank in the latest year and the first period:

Unit: 100 million yuan

Financial indicators December 31, 2020 (audited) September 30, 2021 (Unaudited)

Total assets 3625.00 3801.84

Net assets 299.17 312.10

Financial indicators January December 2020 (audited) January September 2021 (Unaudited)

Operating income 62.46 61.59

Net profit 27.37 25.91

(II) relationship with listed companies

Mr. Huang Guanxiong, chairman of the company, is the current non-executive director of Shunde rural commercial bank. According to item (IV) of article 6.3.3 of the Listing Rules of Shenzhen Stock Exchange, Shunde rural commercial bank is an affiliated legal person of the company. At present, the company holds 50823949 shares of Shunde rural commercial bank, accounting for 1% of the total share capital of Shunde rural commercial bank.

(III) performance capability analysis

Shunde rural commercial bank is one of the best commercial banks in Shunde, which can provide the company with rich business portfolio and perfect service and network. According to the inquiry of the national enterprise credit information publicity system, up to now, Shunde rural commercial bank is not a dishonest executee and has good performance ability.

3、 Main contents of related party transactions

(I) main contents of related party transactions

Shunde rural commercial bank provides deposit services, loan services (including discount, guarantee and credit services), settlement services and other businesses that Shunde rural commercial bank can engage in with the approval of China Banking and Insurance Regulatory Commission.

(II) pricing basis of related party transactions

Following the principle of fair and reasonable pricing, the transaction price is based on the market price, and the transaction price is determined by both parties through negotiation.

1. The savings business is calculated according to the agreed deposit interest rate, which is the corresponding benchmark deposit interest rate published by the people’s Bank of China;

2. The loan business is calculated with reference to the benchmark interest rate of the bank’s limited loan in the same period (subject to the actually signed agreement), and the benchmark interest rate of the bank’s limited loan in the same period is the corresponding benchmark interest rate of the loan published by the people’s Bank of China;

3. Other businesses are mainly entrusted loans, which are calculated with reference to the loan interest rate of the bank in the same period

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