China Avionics Systems Co.Ltd(600372) independent directors
About confirming the excess of daily related party transactions in 2021
Independent opinion of
In accordance with the rules for independent directors of listed companies, the Listing Rules of Shanghai Stock Exchange and other relevant laws and regulations and the relevant provisions of the China Avionics Systems Co.Ltd(600372) articles of association, we are the independent directors of China Avionics Systems Co.Ltd(600372) (hereinafter referred to as “the company” or ” China Avionics Systems Co.Ltd(600372) “), We hereby express our opinions on the proposal on reviewing and confirming the excess of daily connected transactions in 2021 considered at the third meeting (Interim) of the seventh board of directors of the company in 2022 as follows:
The daily related party transactions of the company in 2021 exceeded the expected amount. After careful verification, the excess part belongs to the daily related party transactions of the company and its holding subsidiaries to purchase goods from related parties and carry out deposit business, which are necessary for the production and operation of the company, carried out on the basis of equality and mutual benefit, did not lead to the occupation of funds and did not damage the interests of the company and all shareholders, It will not affect the independence of the company, nor will it have an adverse impact on the current and future financial status and operating results of the company.
When the related party transaction is considered by the board of directors, the related party transaction shall be avoided according to the above provisions. The convening, convening and voting procedures of the board of directors of the company comply with the provisions of relevant laws, regulations, normative documents and the articles of association. The relevant resolutions of the board of directors on confirming the excess of daily connected transactions in 2021 are legal and effective.
In conclusion, we agree to the proposal on reviewing and confirming the excess of daily connected transactions in 2021.
(there is no text on this page, which is the signature page of China Avionics Systems Co.Ltd(600372) independent director’s independent opinion on confirming the excess of daily connected transactions in 2021) signature of China Avionics Systems Co.Ltd(600372) independent director:
Zhang Youhong
Wei fajie, Jing Xu
March 11, 2022
