China United Network Communications Limited(600050)
China United Network Communications Limited(600050) independent director’s independent opinion on China Unicom Group Finance Co., Ltd. providing non financing guarantee business to China United Network Communication Co., Ltd
In accordance with the company law of the people’s Republic of China (hereinafter referred to as the company law), the securities law of the people’s Republic of China (hereinafter referred to as the Securities Law), the Listing Rules of Shanghai Stock Exchange and other laws, regulations and normative documents, as well as China United Network Communications Limited(600050) (hereinafter referred to as the company), the articles of association, the working rules for independent directors and other provisions, As an independent director of the company, after carefully reviewing the proposal on China Unicom Group Finance Co., Ltd. providing non financing guarantee business to China United Network Communication Co., Ltd. at the 11th meeting of the seventh board of directors, we express our independent opinions as follows:
This guarantee is based on the daily operation and normal development needs of the company’s subordinate branches and subsidiaries, which is conducive to their rapid and efficient business expansion and long-term development. The relevant approval procedures comply with the relevant provisions of the company law, the Listing Rules of Shanghai Stock Exchange, the measures for the administration of financial companies of enterprise groups and the articles of association, and there is no situation that damages the interests of the company and shareholders (especially minority shareholders).
Therefore, the independent directors unanimously agree to this proposal.
Wu Xiaogen, Gu Jiadan, Gao Yunhu
Bao shuowang Tong Guohua
China United Network Communications Limited(600050)
China United Network Communications Limited(600050) March 11, 2002
