Shanxi Antai Group Co.Ltd(600408) independent director
Independent opinions on related party guarantees
In accordance with the guiding opinions on the establishment of independent director system in listed companies, the stock listing rules of Shanghai Stock Exchange and other laws and regulations and the relevant provisions of the articles of association, as an independent director of the company, I made comments on the proposal on the company’s guarantee for Shanxi Xintai iron and Steel Co., Ltd. deliberated at the second extraordinary meeting of the 10th board of directors in 2022, Express the following independent opinions:
1. It is a kind of mutual insurance between the company and related parties, which can meet the financing needs of their respective production and operation and project investment, and facilitate both parties to raise funds in a timely and effective manner. This guarantee is the guarantee that the existing secured principal creditor’s rights will continue to be provided when the loan is renewed at maturity, and the guarantee balance of the company to related parties will not be added.
2. The voting procedure of the proposal is legal and in line with the relevant provisions on decision-making power and procedures of related party transactions such as the listing rules and the articles of association. I agree to submit the above proposal to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation, and the related shareholders must avoid voting.
Independent director: Chang Qinglin, sun Shuiquan, Deng Shuping
March 4, 2002
