Wuxi Shangji Automation Co.Ltd(603185) board of supervisors
Verification opinions on relevant matters of the 27th meeting of the third board of supervisors
Wuxi Shangji Automation Co.Ltd(603185) (hereinafter referred to as “the company” or “the company”) the board of supervisors reviewed the relevant matters of the 27th meeting of the third board of supervisors, and the verification opinions of the board of supervisors are as follows:
1、 Matters concerning the use of raised funds to replace self raised funds of projects invested with raised funds in advance
Before the funds raised by the company’s public offering of convertible corporate bonds are in place, the company will invest the raised funds in advance according to the actual situation of the project progress. In order to reduce financial expenses and increase the company’s income, the company will use the raised funds to replace the self raised funds invested in the raised projects in advance. Such payment arrangements do not conflict with the implementation plan of the investment project with raised funds, do not affect the normal progress of the investment project with raised funds, and do not change the investment direction of raised funds in a disguised manner and damage the interests of shareholders. They comply with the provisions of relevant laws, regulations and normative documents and the strategic development needs of the company.
In conclusion, the board of supervisors agrees that the company will use the raised funds to replace the self raised funds invested in the raised projects in advance. 2、 Matters concerning the use of raised funds to provide loans to wholly-owned subsidiaries for the implementation of raised investment projects
The company’s use of raised funds to provide loans to wholly-owned subsidiaries for the implementation of raised investment projects is based on the construction needs of the implementation subject of raised investment projects, in line with the use plan of raised funds, conducive to meeting the capital needs of raised investment projects and ensuring the smooth implementation of raised investment projects. If the purpose of the raised funds is not changed, the interests of the shareholders will not be damaged.
In conclusion, the board of supervisors agreed that the company would use the raised funds to provide loans to wholly-owned subsidiaries for the implementation of raised investment projects.
3、 Matters concerning the use of idle raised funds for cash management
The company uses idle raised funds to purchase financial products with high safety and good liquidity, which is conducive to improving the use efficiency of raised funds and obtaining certain investment benefits. There is no behavior of changing the purpose of raised funds in disguise, which will not affect the construction of raised funds and the use of raised funds, nor will it have an adverse impact on the company’s business activities, There is no damage to the interests of the company and shareholders, and it complies with the relevant provisions of relevant laws, regulations and normative documents.
In conclusion, the board of supervisors agreed to the company’s use of idle raised funds for cash management and agreed to submit the matter to the general meeting of shareholders for deliberation.
4、 Matters concerning the subsidiary’s use of bank acceptance bills to pay the funds required for the raised investment projects and replace them with the raised funds in the same amount
This time, Hongyuan new material used the bank acceptance bill to pay the funds required for the raised investment project and replaced the raised funds in the same amount. Taking the real transaction as the background, it did not violate the relevant provisions on the use of bank bills, and the relevant approval procedures also complied with the relevant provisions of laws, regulations and the articles of association. At the same time, these payment arrangements are in line with the implementation plan of the investment projects with raised funds. The above funds paid with bank acceptance bills are used for the investment projects with raised funds, which will not affect the normal progress of the investment projects with raised funds, and there is no situation of changing the investment direction of raised funds in a disguised manner or damaging the interests of shareholders.
In conclusion, the board of supervisors agreed to the overall arrangement for the subsidiary to use the bank acceptance bill to pay the funds required in the investment projects of raised funds, and regularly transfer the same amount of funds from the special account of raised funds to other accounts of the company. (no text below)
(there is no text on this page, which is the signature page of the verification opinions of Wuxi Shangji Automation Co.Ltd(603185) board of supervisors on relevant matters of the 27th meeting of the third board of supervisors) signature of the supervisor:
Hang yuebiao, Chen nianhuai, Zhu Yongzhong
Wuxi Shangji Automation Co.Ltd(603185) board of supervisors March 8, 2022
