Jiangsu Expressway Company Limited(600377)
Jiangsu Expressway Company Limited
Independent directors about the company
Special instructions and independent opinions on external guarantee
As an independent director of Jiangsu Expressway Company Limited(600377) (hereinafter referred to as “the company”), based on the principle of prudence and independent judgment, we have carefully understood and verified the company’s external guarantees in accordance with the guidelines for the supervision of listed companies No. 8 – regulatory requirements for capital transactions and external guarantees of listed companies issued by the CSRC, as well as the relevant provisions of the Shanghai Stock Exchange and the articles of association, Relevant explanations and independent opinions are as follows: in 2021, due to the needs of business development, the ending balance of the company’s application for comprehensive credit guarantee for the wholly-owned subsidiary Ninghu commercial factoring (Guangzhou) Co., Ltd. was RMB 376000, and the corresponding review and disclosure procedures have been performed. In addition, the company has not provided guarantees to major shareholders, holding subsidiaries, joint-stock companies and other related parties.
The company strictly implements the relevant laws and regulations and the relevant provisions of the articles of association on external guarantee, has a systematic internal control mechanism, and the decision-making procedures for external guarantee are in compliance and effective. There is no damage to the rights and interests of the company and its shareholders, especially small and medium-sized shareholders.
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