Grandjoy Holdings Group Co.Ltd(000031) announcement of the 10th board of directors
Grandjoy Holdings Group Co.Ltd(000031)
Independent opinions of independent directors on the newly increased guarantee amount for joint ventures
The independent directors of the company express the following independent opinions on the newly added guarantee amount provided by the company to the joint venture Nanjing lianjinyue Real Estate Development Co., Ltd. and Wuhan Diyue town real estate development Co., Ltd.:
1. The guarantee amount provided this time is to promote the production and operation development of the joint venture and meet the needs of project development loans and financing. The operation status of the guarantee object is normal and the guarantee risk is controllable. The company provides guarantee according to the proportion of capital contribution, and other shareholders of the guarantee object provide guarantee with the same conditions or commitment documents with guarantee effect according to the proportion of capital contribution. The guarantee acts are fair and equal.
2. The decision-making procedure of the company for providing guarantee this time is legal and compliant, and there is no situation that damages the interests of the company and its shareholders, especially small and medium-sized shareholders.
To sum up, we agree to provide guarantee amount to Nanjing lianjinyue Real Estate Development Co., Ltd. and Wuhan Diyue town real estate development Co., Ltd. for the new joint venture of the company, and agree to submit the matter to the general meeting of shareholders for deliberation.
Independent director: Liu Hongyu, Wang Yong, Liu Yuan, Yuan Chun
December 14, 2001
