Shanxi Taigang Stainless Steel Co.Ltd(000825)
Opinions of independent directors
In accordance with the guiding opinions on the establishment of independent director system in listed companies, the governance standards of listed companies, the stock listing rules of Shenzhen Stock Exchange and the articles of association of the CSRC, as an independent director of Shanxi Taigang Stainless Steel Co.Ltd(000825) (hereinafter referred to as the “company”), based on an objective and fair position, after reviewing the relevant materials submitted by the company, Independent opinions are hereby issued on relevant matters considered at the 20th meeting of the eighth board of directors of the company as follows:
1. The company is not prohibited from implementing the equity incentive plan as stipulated in relevant laws, regulations, rules and normative documents, and is qualified to implement the equity incentive plan.
2. The incentive scope and relevant qualifications proposed in the equity incentive plan of the company comply with the provisions of relevant laws, regulations, rules and normative documents on participation qualifications.
3. The contents of the company’s equity incentive plan comply with the provisions of relevant laws, regulations, rules and normative documents. The granting and lifting of restricted shares to each incentive object do not violate the provisions of relevant laws and regulations, and do not infringe the interests of the company and all shareholders.
4. The company has no plans or arrangements to provide loans, loan guarantees and other forms of financial assistance for the incentive objects to obtain relevant rights and interests according to the equity incentive plan.
5. The company’s implementation of equity incentive plan is conducive to further improve the corporate governance structure, improve the company’s incentive mechanism, enhance the sense of responsibility and mission of the company’s management team, core skills and other key personnel to realize the sustainable and healthy development of the company, is conducive to the sustainable development of the company and will not damage the interests of the company and all shareholders.
6. The company has formulated corresponding performance assessment methods and management methods for the equity incentive plan. The assessment system of the incentive plan is comprehensive, comprehensive and operable, and the setting of assessment indicators is scientific and reasonable. At the same time, it has a restrictive effect on the incentive objects, which can achieve the assessment purpose of the incentive plan. 7. The related directors have avoided voting on relevant proposals in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China and other laws, regulations and normative documents as well as the relevant provisions of the articles of association, which shall be deliberated and voted by the non related directors.
In conclusion, as an independent director of the company, we believe that the implementation of the equity incentive plan is conducive to the sustainable and healthy development of the company and will not damage the interests of the company and all shareholders. We unanimously agree that the company will implement the equity incentive plan and submit relevant matters to the general meeting of shareholders for deliberation.
independent director:
Li Duansheng, Mao Xinping
Liu Xinquan, Wang Jianhua
December 30, 2021
