Bohai Water Industry Co.Ltd(000605) independent director
Independent opinions on matters related to the 18th meeting of the 7th board of directors of the company
In accordance with the company law of the people’s Republic of China, the guiding opinions on the establishment of independent director system in listed companies, the stock listing rules of Shenzhen Stock Exchange and the articles of association, as independent directors of Bohai Water Industry Co.Ltd(000605) (hereinafter referred to as “the company”), based on our own independent judgment, The following opinions are expressed on the relevant matters considered at the 18th meeting of the seventh board of directors of the company:
1、 Proposal on the company’s plan to provide guarantee and related party transactions to joint-stock companies
Shahe Jiacheng Environmental Engineering Co., Ltd. (hereinafter referred to as “Shahe Jiacheng”) is a joint-stock subsidiary of the company. Due to the needs of business development, Shahe Jiacheng plans to apply for credit business from Yuehai Group Finance Co., Ltd., with a total credit scale of no more than 235 million yuan and a term of no more than five years. The company plans to provide guarantee for 50.4 million yuan of the above financing amount, The remaining 184.6 million yuan was guaranteed by Hebei Yuehai Water Group Co., Ltd., the controlling shareholder of Shahe Jiacheng.
The deliberation procedures of this guarantee, the convening procedures of the board of directors and the voting procedures are in line with the relevant laws and regulations and the articles of association. The guarantee acts are fair and equal, and there is no damage to the interests of the company and shareholders, especially small and medium-sized shareholders. Therefore, we agree to this proposal and submit the proposal on the company’s plan to provide guarantee and related party transactions to the shareholders’ meeting for deliberation.
2、 Independent opinions on the secondary holding subsidiary’s intention to provide guarantee to its participating companies
Tianjin Longda water Co., Ltd. (hereinafter referred to as “Longda water”), a secondary holding subsidiary of the company, intends to provide guarantee for the loan of its joint-stock company Tianjin Binhai tourism area water development Co., Ltd. (hereinafter referred to as “binlv water”), with a total financing scale of RMB 30 million, Longda water and Tianjin Binhai tourism area public utility Development Co., Ltd. intend to provide joint and several liability guarantee for the above financing behavior according to the proportion of capital contribution, and binlv water has provided counter guarantee for the above guarantee matters.
The deliberation procedures of this guarantee, the convening procedures of the board of directors and the voting procedures are in line with the relevant laws and regulations and the articles of association. The guarantee acts are fair and equal, and there is no damage to the interests of the company and shareholders, especially small and medium-sized shareholders. Therefore, we agree to this proposal and agree to submit the proposal on the proposal of secondary holding subsidiary to provide guarantee for its participating companies to the general meeting of shareholders for deliberation.
Independent directors: Gong Guowei, Hu Zijin, Wang Bin March 15, 2022
