Securities code: Xiamen King Long Motor Group Co.Ltd(600686) securities abbreviation: Xiamen King Long Motor Group Co.Ltd(600686) No.: pro 2022009 Xiamen King Long Motor Group Co.Ltd(600686)
Announcement of resolutions of the 12th 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.
Xiamen King Long Motor Group Co.Ltd(600686) (hereinafter referred to as "the company" or "the company") the notice of the 12th meeting of the 10th board of directors was sent in writing on March 9, 2022 and held by communication on March 16, 2022. There are 7 directors who should attend the meeting and 7 directors who actually attend the meeting; The supervisors and senior managers of the company attended the meeting as nonvoting delegates. The meeting was held in accordance with the company law of the people's Republic of China and the Xiamen King Long Motor Group Co.Ltd(600686) articles of association, and the meeting was legal and valid. The meeting was convened and presided over by chairman Xie Siyu. After careful deliberation by the participants, the following resolutions were formed:
1、 Deliberated and passed the proposal on applying for credit line from financial institutions in 2022;
The board of directors agreed to the bank credit line of the company and its subsidiaries in 2022, authorized the chairman to sign loan contracts with banks, and authorized the chairman to approve the company and its subsidiaries to apply for appropriate adjustment of bank credit line according to the actual situation under the condition that the total annual credit line remained unchanged.
(voting: 7 in favor, 0 against and 0 abstention)
2、 Deliberated and passed the proposal on the company providing financing guarantee for customers in 2022;
The board of directors agreed that the subsidiary of the company plans to provide bank mortgage loan guarantee, financial lease guarantee and e-bank acceptance bill guarantee for car buyers in 2022, with a limit of 3400 million yuan. The board of directors authorizes the chairman to approve the appropriate adjustment of the financing guarantee amount of each subsidiary according to the actual situation under the condition that the total amount of annual financing guarantee remains unchanged.
(voting: 7 in favor, 0 against and 0 abstention)
This proposal needs to be submitted to the general meeting of shareholders for deliberation and approval.
3、 Deliberated and passed the proposal on daily related party transactions expected in 2022;
The amount of transactions between Fujian Automobile Industry Group Co., Ltd. and the board of directors of Fujian Automobile Industry Group Co., Ltd. is RMB 13.45 million.
This proposal involves related party transactions with Fujian Automobile Industry Group Co., Ltd., and related directors Xie Siyu, Chen Jianye and Chen Wei have avoided voting.
(voting: 4 in favor, 0 against and 0 abstention)
4、 Deliberated and passed the proposal on the company's use of idle self owned funds for entrusted financial management in 2022; The board of directors agreed that the maximum balance of entrusted financial management of the company and its holding subsidiaries in 2022 was 5.17 billion yuan. The board of directors authorizes the chairman to approve the appropriate adjustment of the upper limit of the balance of entrusted financial management of the company and its subsidiaries according to the actual situation under the condition that the total upper limit of the balance of entrusted financial management remains unchanged.
(voting: 7 in favor, 0 against and 0 abstention)
This proposal needs to be submitted to the general meeting of shareholders for deliberation and approval.
5、 Reviewed the proposal on forward foreign exchange transactions of the company in 2022;
The board of directors agreed that the company's forward foreign exchange transaction in 2022 is expected to be signed with an amount of USD 670 million. The board of directors authorizes the chairman to approve the appropriate adjustment of the forward foreign exchange trading quota of each subsidiary according to the actual situation under the condition that the total amount of forward foreign exchange trading in the year remains unchanged.
(voting: 7 in favor, 0 against and 0 abstention)
This proposal needs to be submitted to the general meeting of shareholders for deliberation and approval.
6、 Deliberated and passed the proposal on the revision of the management system for information disclosure of debt financing instruments;
See the information disclosure management system of debt financing instruments on the website of Shanghai stock exchange for details.
(voting: 7 in favor, 0 against and 0 abstention)
7、 The proposal on convening the first extraordinary general meeting of shareholders in 2022 was deliberated and adopted.
The board of directors agreed that the company would hold the first extraordinary general meeting of shareholders in 2022 in the afternoon of April 8, 2022 by combining on-site voting and online voting, Deliberating the proposal on the company's financing guarantee for customers in 2022, the proposal on the company's entrusted financial management with idle self owned funds in 2022, the proposal on the company's forward foreign exchange transactions in 2022 and the proposal on the expected daily related party transactions in 2022.
It is hereby announced.
Xiamen King Long Motor Group Co.Ltd(600686) board of directors March 17, 2022
