Cosco Shipping Development Company Limited(601866) independent director
Independent opinions on signing supplementary agreement of financial service agreement with COSCO Shipping Finance
In accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the Listing Rules of Shanghai Stock Exchange, the rules of independent directors of listed companies and other relevant laws, regulations and normative documents, as well as the provisions of Cosco Shipping Development Company Limited(601866) articles of Association, we are independent directors of Cosco Shipping Development Company Limited(601866) (hereinafter referred to as “the company”), After carefully reviewing the proposal on signing supplementary agreement of financial service agreement with COSCO Shipping finance considered at the 51st meeting of the sixth board of directors of the company, based on independent judgment, the prior approval opinions and independent opinions are as follows:
1、 Supplementary agreement on the proposed signing of the general agreement on financial services
COSCO Shipping Group Finance Co., Ltd. (hereinafter referred to as “COSCO Shipping finance”) has corresponding business qualifications. The supplementary agreement to the general agreement on financial services to be signed between the company and COSCO Shipping finance supplements and defines the expected amount of various transactions and risk assessment and control measures on the basis of the original general agreement on financial services, which is reasonable, It complies with the provisions of self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 5 – transactions and related party transactions, and does not harm the interests of the company and other shareholders, especially small and medium-sized shareholders and non related shareholders.
2、 Report on continuous risk assessment of COSCO Shipping Group Finance Co., Ltd
The report fully reflects the business qualification, business and risk status of the financial company, and is objective and impartial. As a non bank financial institution, its business scope, business content and process, internal risk control system and other measures are strictly supervised by Bank Of China Limited(601988) Insurance Regulatory Commission. Under the above risk control conditions, COSCO Shipping finance is agreed to provide relevant financial services to the company and its subordinate member enterprises.
3、 With regard to the risk disposal plan for carrying out financial business in COSCO Shipping Group Finance Co., Ltd., the risk control measures and risk disposal plan formulated by the company can effectively prevent, timely control and resolve the capital risks in COSCO Shipping finance deposit and loan, and ensure the safety of funds, which is sufficient and feasible.
To sum up, we agree to all relevant proposals considered at the 51st meeting of the sixth board of directors of the company Cosco Shipping Development Company Limited(601866) independent director
Cai Hongping, Lu Jianzhong, Zhang Weihua, Shao Ruiqing March 30, 2022
