Securities code: Huabao Flavours & Fragrances Co.Ltd(300741) securities abbreviation: Huabao Flavours & Fragrances Co.Ltd(300741) Announcement No.: 2022025 Huabao Flavours & Fragrances Co.Ltd(300741)
Announcement on the purchase of directors, supervisors and senior managers' liability insurance
The company and all members of the board of directors except Mr. Lin Jiayu guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Huabao Flavours & Fragrances Co.Ltd(300741) (hereinafter referred to as "the company") held the 24th Meeting of the second board of directors and the 11th meeting of the second board of supervisors on March 25, 2022 to consider the proposal of the company on purchasing directors' and supervisors' senior liability insurance. In order to further improve the company's risk management system and promote directors, supervisors and senior managers to fully exercise their rights and perform their duties, the company plans to purchase liability insurance for the company and all directors, supervisors and senior managers. In accordance with relevant laws and regulations and the articles of association, all directors and supervisors of the company abstained from voting on this proposal, which needs to be submitted to the general meeting of shareholders for deliberation. The relevant matters are hereby announced as follows:
1、 Specific scheme
1. Applicant: Huabao Flavours & Fragrances Co.Ltd(300741)
2. Insured: the company and all directors, supervisors, senior managers, etc
3. Liability limit: 50 million yuan / year
4. Total insurance premium: no more than 500000 yuan / year
5. Insurance period: 12 months (it can be renewed or re insured every year)
The company requests the general meeting of shareholders to authorize the management of the company to be responsible for the specific handling of directors, supervisors and senior executives' liability insurance within the above authority (including but not limited to determining the insurance company, premium and other insurance terms; selecting and appointing insurance brokerage companies or other intermediaries; signing relevant legal documents and handling other matters related to insurance), And handle renewal or re insurance and other related matters at or before the expiration of the insurance contract in the future.
2、 Opinions of independent directors
The purchase of liability insurance is conducive to improving the company's risk management system and promoting directors, supervisors and senior managers to fully exercise their rights and perform their duties. This matter does not harm the interests of the company and all shareholders, and the review procedure is legal and compliant. The independent directors agreed to submit the proposal directly to the general meeting of shareholders for deliberation.
It is hereby announced.
Huabao Flavours & Fragrances Co.Ltd(300741) board of directors
March 26, 2022
