Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd
Prior approval opinions of independent directors on matters related to the 40th meeting of the first board of directors
In accordance with the rules for independent directors of listed companies, the rules for the listing of shares on the science and Innovation Board of Shanghai Stock Exchange, the articles of association of Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd., the working system of independent directors and other relevant provisions of the CSRC, as independent directors of Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. (hereinafter referred to as “the company”), based on the independent and objective position, Based on the principle of seeking truth from facts, the following prior approval opinions are issued for the proposal on providing guarantee and related party transactions for wholly-owned subsidiaries applying for factoring business to related parties to be submitted to the 40th meeting of the first board of directors of the company for deliberation:
After careful consideration of the proposal on providing guarantees and related party transactions for wholly-owned subsidiaries to apply for factoring business from related parties, we believe that the wholly-owned subsidiary Farasis Energy (Gan Zhou) Co.Ltd(688567) (Zhenjiang) Co., Ltd. carries out accounts receivable factoring business based on the consideration of revitalizing accounts receivable, accelerating capital weekly transfer and enhancing asset liquidity, It is conducive to improving the asset liability structure and operating cash flow, in line with the company’s development plan and overall interests, and is of positive significance to the company’s operation. The guarantee provided by the company for the wholly-owned subsidiary is made in comprehensive consideration of the business development needs of the company and its subsidiaries, which is in line with the actual operation situation and overall development strategy of the company. The guarantee object is a wholly-owned subsidiary of the company, which has solvency and can effectively control and prevent guarantee risks. The guarantee matters are in line with the interests of the company and all shareholders. To sum up, we unanimously agree on the matter and agree to submit the matter to the board of directors for deliberation.
Independent directors: Liang Zhenxing, Peng Xiaojie, Fu Qiong, Zhang Lina March 2, 2002
