Independent directors’ opinions on the 19th meeting of the 4th board of directors of the company
Independent opinions on relevant matters
In accordance with laws, regulations and normative documents such as the rules for independent directors of listed companies, the 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 Xiamen Intretech Inc(002925) articles of Association (hereinafter referred to as the “articles of association”) As the independent director of Xiamen Intretech Inc(002925) company (hereinafter referred to as “the company”), we have carefully reviewed the proposal considered at the 19th meeting of the 4th board of directors of the company and expressed the following independent opinions on relevant matters: I. independent opinions on the repurchase of shares by the company through centralized bidding
1. The company’s share repurchase plan complies with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the rules for share repurchase of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 9 – share repurchase and other laws, regulations, normative documents and the relevant provisions of the articles of association. The voting procedure of the meeting of the board of directors to consider the matter is legal and compliant.
2. The shares repurchased this time are used for employee stock ownership plan or equity incentive, which is conducive to further improve the company’s long-term incentive mechanism, fully mobilize the enthusiasm of the company’s core backbone and excellent employees, enhance the long-term investment value of the company’s shares and the confidence of investors, promote the reasonable return of share value, and then safeguard the interests of all shareholders, It is necessary for the company to repurchase shares this time.
3. The total capital of the company’s share repurchase this time shall not be less than RMB 100 million (inclusive) and not more than RMB 200 million (inclusive), the share repurchase price shall not exceed RMB 24.90/share (inclusive), and the source of capital is its own funds. According to the company’s operation, finance, R & D and capital status, this share repurchase will not have a significant adverse impact on the company’s operation, financial status and future development, and will not affect the company’s listing status. This repurchase is implemented in the form of centralized bidding transaction, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. The share repurchase plan is reasonable and feasible.
To sum up, we believe that the company’s share repurchase is legal and compliant, which is conducive to improving the company’s value and enhancing investors’ confidence in the company, which is in line with the interests of the company and all shareholders, and there is no damage to the legitimate rights and interests of shareholders. Therefore, we unanimously agree to the share repurchase plan of the company.
Independent directors: Wang Xianrong, Qi Shujie, LAN Bangsheng March 17, 2022
