Securities code: Sundy Land Investment Co.Ltd(600077) securities abbreviation: Sundy Land Investment Co.Ltd(600077) Announcement No.: pro 2022026 Sundy Land Investment Co.Ltd(600077)
Announcement on the resolution of the 35th meeting of the 10th board of directors
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
During the deliberation of the board of directors, the three independent directors of the company abstained from voting on the proposal on signing cooperation agreement and providing external financial assistance. The board of directors deliberated and adopted the proposal with 6 affirmative votes, 0 negative votes and 3 abstentions.
1、 Meetings of the board of directors
(I) the convening methods and procedures of the board of directors meet the requirements of relevant laws, regulations, rules and the articles of association.
(II) the notice and materials of the meeting of the board of directors shall be sent to all directors by fax, e-mail, written materials, etc.
(III) the board meeting was held on March 11, 2022 in Songdu building, No. 789, Fuchun Road, Hangzhou by means of on-site combined communication.
(IV) there are 9 directors who should attend the board meeting, and 9 actually attended the board meeting.
2、 Deliberations of the board of directors:
(I) the proposal on signing cooperation agreements and providing financial assistance abroad was deliberated and adopted
For details, please refer to the announcement of Sundy Land Investment Co.Ltd(600077) on signing cooperation agreement and providing external financial assistance disclosed on the website of Shanghai Stock Exchange on the same day.
The internal directors of the company believe that the signing of this cooperation agreement is an opportunity for the company to innovate its business and is in line with the current industrial direction of carbon neutralization and carbon peak. The company participates in medium and long-term operation and output through appropriate advance payment in the early stage. During this period, the company forms a team with the consortium unit to accumulate technical level, which is in line with the overall business plan. In the process of innovative business development, the company will put risk control in the first place, actively explore and innovate in new fields, establish its own technical team, and strive to create a new situation for the development of the company.
The independent directors of the company believe that it is understood that the external financial assistance is the business arrangement reached by the company for the development of new business, and the company also has certain risk prevention measures. According to the information provided by the company, we believe that the company’s diversified operation can disperse risks, but at the same time, entering unfamiliar fields increases certain unknown risks. The company should conduct detailed due diligence in combination with its own cash flow, and make prudent decisions taking into account the current international situation and future trend, economic risks and industry research. In view of the above factors, we abstained from voting on this motion.
According to the Listing Rules of Shanghai Stock Exchange, this proposal will be submitted to the general meeting of shareholders of the company for deliberation.
6 in favor, 0 against and 3 abstentions.
The time of the shareholders’ meeting will be notified separately.
It is hereby announced.
Sundy Land Investment Co.Ltd(600077) board of directors
March 14, 2022
