Stock abbreviation: Foshan Electrical And Lighting Co.Ltd(000541) (A shares) Guangdong lighting B (B shares)
Stock Code: Foshan Electrical And Lighting Co.Ltd(000541) (A shares) 200541 (B shares)
Announcement No.: 2022017
Foshan Electrical And Lighting Co.Ltd(000541)
Announcement of resolutions of the 28th meeting of the 9th board of directors
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
The company sent the notice of the meeting to all directors by e-mail on March 18, 2022, and held the 28th meeting of the ninth board of directors on March 22, 2022. The meeting deliberated the meeting proposal by means of communication and fax. All 9 directors at the meeting voted on the meeting proposal, which is in line with the relevant provisions of the company law and the articles of association. The following proposals were considered at the meeting.
1. The proposal on using some idle funds for cash management was deliberated and passed.
9 in favor, 0 against and 0 abstention.
Without affecting the normal operation of the company and its holding subsidiaries, in order to improve the use efficiency of idle funds and increase the economic benefits of the company, the board of directors agrees that the company and its holding subsidiaries (including Foshan Nationstar Optoelectronics Co.Ltd(002449) , the same below) use their own idle funds of no more than RMB 2.5 billion to buy low-risk financial products. Within the above limit, the funds can be recycled, The investment period is one year from the date when the proposal is considered and approved by the board of directors of the company.
For details, please refer to the announcement on using some idle funds for cash management disclosed by the company on the same day.
2. Deliberated and passed the proposal on developing bill pool business.
9 in favor, 0 against and 0 abstention.
In order to strengthen the overall management of the company’s bills, the board of directors agreed that the company and its holding subsidiaries should carry out the bill pool business of no more than RMB 7.5 billion for a period of one year from the date of deliberation and approval by the general meeting of shareholders. During the business period, the amount can be used on a rolling basis. At the same time, the chairman of the company is authorized to exercise the decision-making power of specific operations and sign relevant contract documents, including but not limited to selecting qualified cooperative banks, determining the specific amount, collateral, guarantee form and amount of bill pool that can be used by the company and its holding subsidiaries.
This proposal needs to be submitted to the general meeting of shareholders of the company for deliberation.
For details, please refer to the announcement on carrying out bill pool business disclosed by the company on the same day. 3. Deliberated and passed the proposal on adjusting some contents of the financial service agreement with Guangsheng finance company.
7 in favor, 0 against and 0 abstention.
Mr. Cheng Ke and Mr. Huang Zhiyong, affiliated directors, avoided voting according to law.
This proposal needs to be submitted to the general meeting of shareholders of the company for deliberation.
For details, please refer to the announcement on adjusting some contents of the financial service agreement with Guangsheng finance company disclosed on the same day.
4. The proposal on risk assessment of Guangsheng finance company was deliberated and passed.
7 in favor, 0 against and 0 abstention.
Mr. Cheng Ke and Mr. Huang Zhiyong, affiliated directors, avoided voting according to law.
For details, please refer to the risk assessment report on Guangdong Guangsheng Finance Co., Ltd. disclosed by the company on the same day.
Foshan Electrical And Lighting Co.Ltd(000541)
Board of directors
March 22, 2022
