Greattown Holdings Ltd(600094) independent directors
Independent opinions on share repurchase of the company
In accordance with the guiding opinions on the establishment of independent director system in listed companies, the governance standards of listed companies, the stock listing rules of Shanghai Stock Exchange, the articles of association and other relevant provisions of the CSRC, as an independent director of the company, he carefully considered the plan on repurchase of company shares by means of centralized bidding transaction at the 16th meeting of the eighth board of directors of the company, and issued the following independent opinions:
The repurchase plan complies with the relevant provisions of the company law, the securities law, the rules for share repurchase of listed companies (No. [2022] 4) of the China Securities Regulatory Commission, the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 7 - share repurchase and other laws and regulations, and the voting procedures of the board of directors comply with the relevant provisions of laws and regulations and the articles of association.
The purpose of this share repurchase is based on the confidence in the company's future development prospects and the recognition of the company's investment value, in order to enhance investor confidence and help the company's long-term development; The purpose of this share repurchase is "necessary to maintain the company's value and shareholders' rights and interests". The shares repurchased will be used for cancellation and sale in the secondary market. The purpose is in line with the relevant provisions of Article 2 of the guidelines for self discipline supervision of listed companies on Shanghai Stock Exchange No. 7 - share repurchase; All the funds repurchased are the company's own funds, which will not have a significant adverse impact on the company's operation, finance, profitability, debt performance and future development.
In conclusion, we believe that the repurchase plan of the company complies with the provisions of relevant laws, regulations and the articles of association. The plan is necessary, reasonable and feasible, and there is no damage to the legitimate rights and interests of the company and shareholders, especially minority shareholders. Agree to the matters related to the share repurchase plan.
Independent directors: Lu Shihua, Chen Ling, Zheng Qifu
April 1, 2022
