Xinxiang Richful Lube Additive Co.Ltd(300910)
The independent opinions of the independent directors on matters related to the fifth meeting of the third board of directors are in accordance with the company law of the people’s Republic of China, the guiding opinions on the establishment of independent director system in listed companies, the Listing Rules of GEM stocks of Shenzhen Stock Exchange (hereinafter referred to as the “Listing Rules”) and the guidelines for the standardized operation of GEM listed companies of Shenzhen Stock Exchange (hereinafter referred to as the “standardized operation guidelines”) and other laws and regulations, as well as the relevant provisions of the articles of association of Xinxiang Richful Lube Additive Co.Ltd(300910) (hereinafter referred to as the “articles of association”), the working system of Xinxiang Richful Lube Additive Co.Ltd(300910) independent directors and other relevant systems, we, as Xinxiang Richful Lube Additive Co.Ltd(300910) (hereinafter referred to as the “company”) ）Based on the position of independent judgment, the independent directors of the company hereby express the following independent opinions on the relevant deliberations of the fifth meeting of the third board of directors of the company:
1、 Independent opinions on the proposal on the extension of some raised investment projects
After verification, we believe that the postponement of some raised investment projects is a prudent decision made by the company according to the actual situation of the project, does not involve the change of project content, total investment and implementation subject, and does not change the investment direction of raised funds in a disguised manner and damage the interests of shareholders. The above matters have fulfilled the necessary approval procedures and comply with the provisions of the company law of the people’s Republic of China, listing rules, standardized operation guidelines and other laws and regulations, normative documents and the articles of association. Therefore, we agree that the company will adjust the date when the “lubricating oil additive research center” reaches the expected usable state to December 31, 2023 and the date when the “technical transformation project of lubricating oil additive series products with an annual output of 15200 tons” reaches the expected usable state to December 31, 2022.
2、 Independent opinions on the proposal on the construction of a series of lubricating oil additive products with an annual output of 150000 tons and the use of some over raised funds for construction
After verification, we believe that the company’s “construction of a series of lubricating oil additive products with an annual output of 150000 tons and the use of some over raised funds for construction” comply with the relevant provisions of the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies, listing rules, standardized operation guidelines and so on, It helps to further integrate the company’s internal resources and improve the use efficiency of the raised funds. There is no case of changing the purpose of the raised funds in a disguised manner, which is in line with the interests of the company and all shareholders, and there is no case of damaging the interests of the company and all shareholders, especially the interests of minority shareholders.
To sum up, we agreed to the company’s “construction of a series of lubricating oil additive products with an annual output of 150000 tons and the use of some over raised funds for construction”, and agreed to submit it to the company’s general meeting for deliberation. independent director:
Liu Shuanghong, Yang Dong Sheng, Cheng Xianping December 25, 2021
