Ningbo Xianfeng New Material Co.Ltd(300163) independent director
Independent opinions on matters related to the 12th meeting of the 5th board of directors
In accordance with the rules for independent directors of listed companies, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies No. 2 – standardized operation of GEM listed companies and other relevant laws, regulations and normative documents, as well as the articles of association of Ningbo Xianfeng New Material Co.Ltd(300163) (hereinafter referred to as the “company”) and the working system of independent directors, As an independent director of the 5th board of directors of the company, in a serious, rigorous and responsible attitude, he expressed his opinions on the following matters:
1、 Independent opinions on guarantee extension for affiliated companies
The company plans to provide joint and several liability guarantee for the bank loans of Kaixin investment and Xianfeng Hongye with a total amount of no more than 74 million yuan. The guarantee period is from the date of deliberation and approval at the second extraordinary general meeting of shareholders in 2022 to September 30, 2022, and the annual guarantee rate is 2% of the actual guarantee amount of the company.
The voting procedure of the proposal to provide guarantee extension for affiliated companies complies with the provisions of relevant laws and regulations and the articles of association. The decision-making procedure is legal and effective. There is a historical necessity to provide guarantee for affiliated companies. The pricing of affiliated guarantee expenses is fair and follows the general commercial terms, which is in line with the interests of listed companies. We agree to the proposal on extending guarantee for affiliated companies considered at the 12th meeting of the 5th board of directors. (no text below)
[there is no text on this page, which is the signature page of Ningbo Xianfeng New Material Co.Ltd(300163) independent directors’ independent opinions on matters related to the 12th meeting of the 5th board of directors] signature of independent directors:
Jing Xian, Wang Tao
March 10, 2002
