Securities code: Huabao Flavours & Fragrances Co.Ltd(300741) securities abbreviation: Huabao Flavours & Fragrances Co.Ltd(300741) Announcement No.: 2022011 Huabao Flavours & Fragrances Co.Ltd(300741)
Announcement of resolutions of the 23rd Meeting of the second board of directors
The company and all members of the board of directors except Mr. Lin Jiayu guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Huabao Flavours & Fragrances Co.Ltd(300741) (hereinafter referred to as "the company") the notice of the 23rd Meeting of the second board of directors was sent by e-mail on March 4, 2022, and the meeting was held by on-site combined communication on March 8, 2022. There were 9 directors who should attend the meeting, and 8 directors actually attended the meeting. Mr. Lin Jiayu was unable to attend the meeting for some reason, and the meeting was presided over by Mr. Xia Liqun, chairman of the board. The convening and convening of this meeting comply with the provisions of relevant laws, regulations and the articles of association, and the resolutions are legal and effective.
After careful deliberation by the directors attending the meeting, the following proposals were considered and adopted at the meeting:
1、 Deliberated and passed the proposal on acquiring part of the equity of Shanghai Yifang.
Based on the company's strategic planning and business development needs, the board of directors agreed to purchase the 27% equity of Shanghai Yifang held by Shanghai Keli Enterprise Management Consulting Co., Ltd., Shanghai Hanying Investment Co., Ltd. and Shanghai runkai Investment Co., Ltd. in cash of 121.5 million yuan. After the completion of this transaction, the company's shareholding in Shanghai Yifang will reach 67%, and Shanghai Yifang will become the holding subsidiary of the company and be included in the scope of the company's consolidated statements. After the acquisition of Shanghai Yifang, the company will help expand the company's food ingredients business, comply with the company's vision of "leader of delicious life" and the mission and strategic development plan of "green, nutrition and health", help the company develop products that meet consumer demand and consumption tide, increase the company's business opportunities and enhance the company's product competitiveness, It is beneficial for the company to actively integrate advantageous resources, further improve the industrial chain layout, and is conducive to the healthy and long-term sustainable development of the company, without damaging the interests of the company and all shareholders.
There are no affirmative votes and no abstention votes.
For details, please refer to cninfo.com, the information disclosure website of gem（ http://www.cn.info.com.cn. ）Announcement on the acquisition of part of the equity of Shanghai Yifang.
It is hereby announced.
Huabao Flavours & Fragrances Co.Ltd(300741) board of directors
March 9, 2022
