Xinjiang Tianshan Cement Co.Ltd(000877) independent directors about
Capital occupation and of controlling shareholders and other related parties in 2021
Special description and independent opinions on the external guarantee of the company
As an independent director of Xinjiang Tianshan Cement Co.Ltd(000877) in accordance with the rules for independent directors of listed companies, the Listing Rules of Shenzhen Stock Exchange and other relevant laws and regulations of China Securities Regulatory Commission and the provisions and requirements of the articles of association and other company documents, we have carefully inspected and implemented the capital flow and external guarantee of the company and related parties, and after necessary verification and inquiry of the relevant responsible personnel of the company, We hereby give the following special explanation and independent opinions on the fund occupation and external guarantee of related parties during the reporting period of the company:
1、 Special instructions and independent opinions on the occupation of funds by controlling shareholders and other related parties:
We believe that during the reporting period, the capital transactions between the company and its controlling shareholders and other related parties were normal operating capital transactions, and there was no occupation of non operating funds, and there was no illegal occupation of the company’s funds by its controlling shareholders and other related parties.
2、 Special instructions and independent opinions on the external guarantee of the company:
As of December 31, 2021, the actual external guarantee balance of the company is RMB 10000, accounting for 0% of the company’s net assets attributable to the parent company in the current period. The company is a subsidiary within the scope of consolidated statements, and the guarantee balance is 32328378400 yuan, accounting for 42.57% of the company’s net assets attributable to the parent in the current period, of which the guarantee balance for holding subsidiaries is 0 yuan, accounting for 0% of the company’s net assets attributable to the parent in the current period; The balance of mutual insurance between subsidiaries (calculated by shareholding ratio) is 32328378400 yuan, accounting for 42.57% of the company’s net assets attributable to the parent company in the current period.
We believe that during the reporting period, the company’s guarantee belongs to the needs of normal operation and business development. The guarantee is the bank loan guarantee provided for the holding subsidiary. The guarantee has fulfilled the relevant approval procedures, complied with the provisions of relevant policies and regulations and the articles of association, and will not damage the interests of the company and shareholders, especially the interests of minority shareholders.
Xinjiang Tianshan Cement Co.Ltd(000877) independent directors: Kong Xiangzhong, Lu Zhengfei, Zhan Lei March 21, 2022
