Securities code: 605151 securities abbreviation: West Shanghai Automotive Service Co.Ltd(605151) Announcement No.: 2021-056 West Shanghai Automotive Service Co.Ltd(605151)
Announcement of resolutions of the fourth meeting of the Fifth Board of supervisors
The board of supervisors and all supervisors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. 1、 Meetings of the board of supervisors
The fourth meeting of the Fifth Board of supervisors of West Shanghai Automotive Service Co.Ltd(605151) (hereinafter referred to as “the company”) was held on December 24, 2021 in the company’s conference room, No. 1018, Moyu South Road, Anting Town, Jiading District, Shanghai by means of on-site communication. The meeting notice was delivered to all supervisors on December 13, 2021. Three supervisors should attend the meeting and three actually attended the meeting.
The meeting was presided over by Mr. Chen Dexing, chairman of the board of supervisors. The convening of the meeting shall comply with the relevant provisions of the company law and the articles of association. The supervisors present at the meeting carefully considered the proposal and made the following resolutions:
2、 Deliberation at the meeting of the board of supervisors
(i) The proposal on using part of the temporarily idle raised funds for cash management was reviewed and passed. The board of supervisors held that the company uses the idle raised funds for cash management to purchase principal guaranteed financial products with high safety and good liquidity, which is conducive to improving the deposit income of idle raised funds. The company’s use of idle raised funds for cash management does not conflict with the implementation plan of raised funds investment projects, will not affect the construction of raised funds investment projects and the normal use of raised funds, is in line with the interests of the company and all shareholders, and does not damage the interests of the company and all shareholders, especially minority shareholders. The decision-making procedures for the above matters comply with relevant regulations. Therefore, we agree that the company will use the temporarily idle raised funds of no more than RMB 400 million for cash management.
For details, please refer to the announcement on the use of some temporarily idle raised funds for cash management (Announcement No.: 2021-057) disclosed by the company on the website of Shanghai Stock Exchange (www.sse. Com.. CN) on the same day. Voting results: 3 votes in favor, 0 votes against and 0 abstentions.
This proposal needs to be submitted to the general meeting of shareholders of the company for deliberation.
3、 Documents for future reference 1. Resolutions of the 4th meeting of the 5th board of supervisors. It is hereby announced.
West Shanghai Automotive Service Co.Ltd(605151) board of supervisors December 26, 2021
