Securities code: Crown Advanced Material Co.Ltd(688560) securities abbreviation: Crown Advanced Material Co.Ltd(688560) Announcement No.: 2022029 Crown Advanced Material Co.Ltd(688560)
Announcement on purchasing directors, supervisors and senior managers liability insurance
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Crown Advanced Material Co.Ltd(688560) (hereinafter referred to as "the company") held the 23rd Meeting of the 3rd board of directors and the 17th meeting of the 3rd board of supervisors on March 10, 2022, deliberated and adopted the proposal on the company's purchase of directors' and supervisors' senior liability insurance, in order to improve the company's risk management system, strengthen risk control, reduce the company's operational risk and protect the company's directors The rights and interests of supervisors and senior managers and the interests of investors, and promote the management of the company to fully exercise their rights and perform their duties. According to the relevant provisions of the standards for the governance of listed companies, the company plans to purchase liability insurance for the company and all directors, supervisors and senior managers (hereinafter referred to as "directors, supervisors and senior managers liability insurance").
This matter needs to be submitted to the second extraordinary general meeting of shareholders in 2022 for deliberation. The relevant matters are hereby announced as follows:
1、 Specific scheme of Dong Jiangao liability insurance
1. Applicant: Crown Advanced Material Co.Ltd(688560)
2. Insured: the company and all directors, supervisors, senior managers and other relevant subjects of the company 3. Compensation limit: no more than RMB 25 million (subject to the insurance contract)
4. Premium expenditure: no more than 150000 yuan / year (subject to the insurance contract)
5. Insurance period: 12 months (it can be renewed or re insured every year)
To improve decision-making efficiency, The board of directors of the company requests the general meeting of shareholders of the company to authorize the management to handle matters related to the purchase of directors, supervisors and senior liability insurance within the above authority (including but not limited to determining other relevant responsible persons; determining insurance companies; if the market changes, determining the liability limit, total insurance premium and other insurance terms according to the market conditions; selecting and appointing insurance brokerage companies or other intermediaries; signing relevant legal documents and dealing with other matters related to insurance), And handle matters related to renewal or re insurance at or before the expiration of the liability insurance contract of the directors, supervisors and senior managers in the future.
All directors and supervisors of the proposal avoid voting and directly submit it to the second extraordinary general meeting of shareholders of the company in 2022 for deliberation and approval before implementation.
2、 Opinions of the board of supervisors
The board of supervisors believes that the company's purchase of liability insurance for the company and its directors and supervisors is conducive to improving the company's risk management system, promoting relevant responsible personnel to fully exercise their rights and perform their duties, and protecting the rights and interests of the company and investors. The deliberation procedure of this matter is legal and compliant, and there is no damage to the interests of the company and all shareholders. We agree to submit this matter to the general meeting of shareholders of the company for deliberation.
3、 Opinions of independent directors
After verification, we believe that purchasing liability insurance for the company and its directors, supervisors and senior managers is conducive to protecting the rights and interests of the company's directors, supervisors and senior managers, promoting the relevant responsible personnel to better perform their duties, and reducing the risks or losses that may be caused by the directors, supervisors and senior managers during the normal performance of their duties; It helps to improve the company's risk management system and promote the sound development of the company, without damaging the interests of shareholders, especially the interests of minority shareholders. The deliberation procedures of the board of directors of the company on the above matters comply with the relevant provisions of the company law, the articles of association and the rules of procedure of the board of directors. The related directors have avoided voting, and the independent directors of the company unanimously agree to submit the matter to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Crown Advanced Material Co.Ltd(688560) board of directors March 11, 2022
