Securities code: 688021 securities abbreviation: Aofu Environmental Technology Co.Ltd(688021) Announcement No.: 2022-009 Aofu Environmental Technology Co.Ltd(688021)
Announcement on the proposed purchase of liability insurance for the company and its directors, supervisors and senior officers
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. Aofu Environmental Technology Co.Ltd(688021) (hereinafter referred to as “the company”) convened the ninth meeting of the third board of directors and the eighth meeting of the third board of supervisors on February 24, 2022, deliberated and adopted the proposal on purchasing liability insurance for the company and its directors, supervisors and senior managers, in order to further improve the company’s risk management system and promote the directors, supervisors and senior managers of the company to fully exercise their rights and perform their duties, The company plans to purchase liability insurance for the company and all directors, supervisors and senior managers (hereinafter referred to as “directors, supervisors and senior managers liability insurance”), and the relevant contents are announced as follows:
1、 Specific scheme of Dong Jiangao liability insurance
1. Applicant: Aofu Environmental Technology Co.Ltd(688021)
2. Insured: the company and all directors, supervisors, senior managers and other relevant subjects of the company 3 Limit of compensation: no more than RMB 100 million
4. Premium expenditure: no more than RMB 700000 / year (subject to the insurance contract)
5. Insurance period: 12 months (renewable every year)
In order to improve the efficiency of decision-making, The board of directors of the company plans to request the general meeting of shareholders of the company to authorize the operation and management to handle matters related to the purchase of directors, supervisors and senior liability insurance of the company within the above authority (including but not limited to determining other relevant responsible persons; determining insurance companies; if the market changes, determining the liability limit, total insurance premium and other insurance terms according to the market conditions; 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 liability insurance contract of the directors, supervisors and senior managers in the future.
All directors and supervisors of the proposal avoid voting and directly submit it to the 2021 annual general meeting of shareholders of the company for deliberation and approval before implementation.
2、 Opinions of the board of supervisors
Purchasing directors, supervisors and senior managers’ liability insurance for the company and all directors, supervisors and senior managers can help improve the company’s risk management system, promote the directors, supervisors and senior managers of the company to fully exercise their rights and perform their duties, and protect the rights and interests of the company and investors. The deliberation procedure of this matter complies with the provisions of relevant laws and regulations, and there is no damage to the interests of shareholders, especially the interests of minority shareholders. We agree to submit the proposal to the general meeting of shareholders of the company for deliberation. 3、 Opinions of independent directors
After verification, we believe that the purchase of directors, supervisors and senior managers’ liability insurance for the company and its directors, supervisors and senior managers is conducive to protecting the rights and interests of the company’s directors, supervisors and senior managers, promoting the relevant responsible personnel to better perform their duties, and reducing the risks or losses that may occur during the normal performance of their duties by directors, supervisors and senior managers; It helps to improve the company’s risk management system and promote the sound development of the company, without damaging the interests of shareholders, especially the interests of minority shareholders. The deliberation procedures of the board of directors of the company on the above matters comply with the relevant provisions of the company law, the articles of association and the rules of procedure of the board of directors. The related directors have avoided voting, and the independent directors of the company unanimously agree to submit the matter to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Aofu Environmental Technology Co.Ltd(688021) board of directors February 26, 2022
