Report on the work of independent directors in 2021 (Luo Shaode)
As an independent director of Hunan Yussen Energy Technology Co.Ltd(002986) (hereinafter referred to as “the company”), Luo Shaode, in accordance with the relevant provisions of the company law, the rules for independent directors of listed companies and the articles of association, and in the attitude of being responsible to all shareholders, especially the majority of small and medium-sized shareholders, scrupulously performs his duties, diligently performs his duties, promotes the standardized operation of the company according to law and gives full play to the role of independent directors. I hereby report my performance of duties in 2021 as follows:
1、 Attendance at meetings
In 2021, the company held 6 meetings of the board of directors. I should attend the board of directors 6 times. Affected by the epidemic, I actually attended the board of directors 2 times, participated in the board of directors 4 times by means of communication and participated in voting 6 times. In 2021, the company held 4 shareholders’ meetings on site, and I attended 4 meetings as a nonvoting delegate.
Before each meeting, I can receive and fully understand the relevant materials of the meeting in advance within the specified time, actively participate in the discussion of the discussion topics, fully exercise the functions and powers of independent directors on the decisions I have learned about the major matters of the company, and express independent opinions on the corresponding matters in accordance with the law, which has played a positive role in making scientific decisions for the board of directors of the company. During the reporting period, I voted in favour of all the proposals of the previous board meetings, and there was no objection, objection or waiver.
2、 Independent opinions
In 2021, in accordance with the provisions of relevant laws and regulations, after careful, independent and considerable deliberation on relevant matters, I and other independent directors of the company jointly expressed independent opinions (including prior approval opinions) on the following matters:
Meeting time and item name
1. Prior approval opinions on the company’s re employment of the audit institution in 2021
2. Independent opinions on the company’s profit distribution plan in 2020
3. Independent opinions on the self-evaluation report of the company’s internal control in 2020
4. Independent opinions on the special report on the deposit and use of the company’s raised funds in 2020
Independent opinions of the second board of directors on the occupation of non operating funds and other related capital transactions of the company
On April 22, 2021, the 17th session of the board of directors 6. Independent opinions on the company’s re employment of the audit institution in 2021
7. Independent opinions on the change of the company’s accounting policies
8. Independent opinions on providing bank credit guarantee for subsidiaries
9. Independent opinions on applying for comprehensive credit line from the bank
10. Opinions on the proposed construction of an independent subsidiary with an annual output of 120000 tons of butanediol
11. Independent opinions on the investment and construction of light hydrocarbon comprehensive utilization project phase I (I) by the holding subsidiary
The second board of directors 1. Independent opinions on the appointment of the general manager
The 18th Meeting on August 3, 2021 2. Independent opinions on the appointment of deputy general manager
Meeting 3. Independent opinions on cash management using some idle self owned funds
The second board of directors 1. Independent opinions on the deposit and use of raised funds in the half year of 2021
The 19th session of the 202108-04 meeting 2. Independent opinions on the occupation of the company’s funds by controlling shareholders and other related parties
3. Independent opinions on the external guarantee of the company
The second board of directors 1. Prior approval and independent opinions on providing loans to holding subsidiaries
The 20th meeting on August 17, 2021 2. Independent opinions on the use of raised funds to provide loans to holding subsidiaries and implement raised investment projects
meeting
The second director
202110-26 21st meeting 1. Independent opinions on adjusting the construction content and investment amount of phase I (I) of light hydrocarbon comprehensive utilization project
The second director
22nd Meeting of the board of directors on December 30, 2021 1 1. Independent opinions on the appointment of the Secretary of the board of directors
Meeting
3、 Performance of professional committees
As the chairman of the audit committee and the member of the remuneration and assessment committee of the third board of directors of the company, the specific performance of my duties in 2021 is as follows:
As the chairman of the audit committee, he presided over the daily audit committee meeting and deliberated on the company’s internal audit work and plan, internal control, use of raised funds, regular reports and other matters. At the same time, review the special audit report, review the company’s financial statements, master the progress of the audit work, and maintain the independence of the audit.
As a member of the remuneration and assessment committee, he performed his duties in accordance with the working rules of the remuneration and assessment committee of the board of directors and put forward effective opinions and suggestions on the remuneration and assessment management of the company.
4、 On site investigation and improvement of performance ability
In 2021, I attended all the meetings of the board of directors and general meetings of shareholders held by the company, and used the time of on-site participation to conduct in-depth communication with other directors and senior managers of the company, so as to fully understand the operation and development layout of the company. In addition, I also maintain effective communication with the company’s directors, senior managers and other relevant personnel through telephone, e-mail and other communication channels to understand the latest situation of the company in real time.
At the same time, I went to the company to conduct field research, communicate effectively with relevant principals, deeply understand the current situation of production and operation and financial status of relevant subjects, and give corresponding supervision and suggestions based on my professional skills and experience and in combination with the requirements of the latest policies.
As an independent director of the company, I have always focused on learning the latest laws, regulations and various rules and regulations, deepening my understanding and understanding of relevant laws and regulations, especially those related to standardizing the corporate governance structure and protecting the interests of investors, actively participating in training, continuously improving my ability to perform my duties, and providing better opinions and suggestions for the company’s scientific decision-making and risk prevention.
5、 Protection of investors’ rights and interests
In 2021, I conducted independent, objective and fair deliberation on various proposals of the board of directors, and carefully and prudently exercised all voting rights.
At the same time, in strict accordance with the requirements of laws and regulations, carefully expressed independent opinions on relevant matters, and objectively and seriously supervised and investigated the performance of directors and senior managers of the company; For major issues involving the interests of shareholders, we discussed and evaluated with the directors and senior managers of the company to effectively safeguard the legitimate rights and interests of all shareholders, especially small and medium-sized shareholders. In addition, I continuously supervise the performance of the company’s information disclosure obligations to ensure that the company’s information disclosure to all shareholders is true, accurate, complete, concise, clear and easy to understand.
6、 Other matters
1. During the reporting period, no independent director proposed to hold a meeting of the board of directors.
2. During the reporting period, there was no engagement of external audit institutions and consulting institutions by independent directors.
3. During the reporting period, there was no proposed dismissal of the accounting firm.
7、 The company supports the performance of independent directors
In 2021, in the process of performing my duties as an independent director, the company gave comprehensive support and cooperation, set up a variety of real-time communication methods such as on-site, telephone, e-mail and wechat, and actively provided favorable conditions such as relevant staff, meeting materials and on-site office. When I put forward supplementary opinions on the review materials, the company can feed back effective information in a short time, It provides effective guarantee and strong support for me to perform my duties as an independent director.
Thank the company’s management and relevant personnel for their support for my work as an independent director in 2021. In 2022, I will continue to earnestly perform the duties of independent directors and earnestly safeguard the legitimate rights and interests of the company and all shareholders.
Luo Shaode April 7, 2022
