Yingtong Telecommunication Co.Ltd(002861)
Independent directors’ opinions on the 16th meeting of the 4th board of directors
Independent opinions on relevant matters
As an independent director of Yingtong Telecommunication Co.Ltd(002861) (hereinafter referred to as the “company”) in accordance with laws, regulations and normative documents such as the rules for independent directors of listed companies, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, and the relevant provisions of Yingtong Telecommunication Co.Ltd(002861) (hereinafter referred to as the “company”), Based on the attitude of being responsible to the company, all shareholders and investors, adhering to the principle of seeking truth from facts, after reviewing relevant documents and based on the position of independent judgment, the independent opinions on relevant matters considered at the 16th meeting of the Fourth Board of directors are as follows:
1、 Independent opinions on carrying out foreign exchange hedging business
The foreign exchange derivatives transactions carried out by the company and its wholly-owned and holding subsidiaries (hereinafter referred to as “subsidiaries”) are closely related to daily business needs. They are based on the foreign currency assets, liabilities and foreign exchange revenue and expenditure business of the company and its subsidiaries, which can improve the ability of the company and its subsidiaries to actively deal with foreign exchange fluctuation risks, Better avoid the foreign exchange rate and interest rate risks faced by the company and enhance the financial stability of the company.
The amount and duration of foreign exchange derivatives trading conducted by the company and its subsidiaries match the receipt and payment of foreign exchange under the company’s import and export, and a strict management system for foreign exchange derivatives trading has been formulated, which can effectively control the trading risk. Therefore, it is feasible to carry out foreign exchange derivatives trading.
The margin of the foreign exchange hedging business to be carried out by the company and its subsidiaries will use its own funds rather than raised funds. The foreign exchange hedging business carried out by the company and its subsidiaries will comply with the provisions of relevant laws and regulations, normative documents and relevant systems of the company.
Therefore, the independent directors unanimously agreed that the company and its subsidiaries should carry out foreign exchange hedging business.
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(there is no text on this page, which is the signature page of the independent opinions of Yingtong Telecommunication Co.Ltd(002861) independent directors on matters related to the 16th meeting of the Fourth Board of directors)
Signature of independent director:
Wang Yong, Ma Chuangang, Liu Bilong
March 11, 2022
