Shenyang Chemical Co.Ltd(000698) board of supervisors to the company
Opinions on providing financial assistance to wholly-owned subsidiaries
In accordance with the standards for the governance of listed companies, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange and other relevant provisions, the ninth board of supervisors of Shenyang Chemical Co.Ltd(000698) (hereinafter referred to as the “company”) reviewed the proposal on providing financial assistance to wholly-owned subsidiaries of the company, and now expressed the following opinions:
This financial assistance will not affect the normal business development and fund use of the company, and will help reduce the financial financing cost of the company’s subsidiary Shenyang paraffin Chemical Co., Ltd., ensure the demand for funds for its normal production and operation, and improve the fund use efficiency of the company. The overall risk is controllable, and there is no damage to the interests of the company and shareholders, especially small and medium-sized shareholders. The board of supervisors of the company agrees that the company will use its own funds to provide financial assistance of no more than 120 million yuan to Shenyang paraffin Chemical Co., Ltd.
Shenyang Chemical Co.Ltd(000698) board of supervisors
March 29, 2002
