Wuxi Huaguang Environment & Energy Group Co.Ltd(600475) independent directors
On relevant matters of the 40th meeting of the 7th board of directors of the company
Prior approval opinion
As an independent director of Wuxi Huaguang Environment & Energy Group Co.Ltd(600475) (hereinafter referred to as “the company”), we received the relevant materials of this meeting before the notice of the 40th meeting of the seventh board of directors was issued, listened to the introduction of relevant personnel on relevant matters, and carefully studied the meeting materials. Now we express the following pre approval opinions on the relevant matters of the 40th meeting of the seventh board of directors:
1、 Prior approval opinions on the prediction of daily connected transactions in 2022
The daily related party transactions between the company and related parties in 2022 are the needs of the company’s normal operation and comply with the provisions of relevant laws and regulations such as the Listing Rules of Shanghai Stock Exchange. The transaction pricing is based on the principle of market pricing, fair and reasonable, will not affect the independence of the company, and there is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders.
2、 Prior approval opinions on the renewal of the financial service agreement and related party transactions between the company and Guolian Finance Co., Ltd
The company plans to sign the financial service agreement with Guolian Finance Co., Ltd. (hereinafter referred to as “Guolian finance”), which is an affiliated legal person of the company as a subsidiary actually controlled by Wuxi Guolian development (Group) Co., Ltd., the controlling shareholder of the company. The conditions of this related party transaction are fair and reasonable, meet the actual production needs of the company, conducive to the normal operation and development of the company, improve the financing channels, and do not damage the interests of the company and all shareholders, especially the minority shareholders. The transaction has no impact on the independence of the listed company, and the main business of the company will not rely on or be controlled by the related parties due to such transactions.
3、 Prior approval opinions on purchasing financial products and related party transactions from Guolian Securities Co.Ltd(601456) in 2022
Whereas Guolian Securities Co.Ltd(601456) is a subsidiary controlled by Wuxi Guolian development (Group) Co., Ltd., the controlling shareholder of the company, and is an affiliated legal person of the company. The company purchases short-term low-risk financial products from Guolian Securities Co.Ltd(601456) and can take advantage of the financial platform of the controlling shareholder to improve the efficiency of the company’s capital use; The use of idle funds for financial management does not affect the normal capital turnover needs of the company and the normal development of its main business; The transaction will not damage the interests of the company and all shareholders, especially the minority shareholders. The transaction has no impact on the independence of the listed company, and the company’s main business will not rely on or be controlled by the related parties due to such transactions.
We acknowledge the above matters and agree to submit the above matters and related proposals to the 40th meeting of the seventh board of directors for deliberation.
(no text below)
[there is no text on this page, which is the signature page of Wuxi Huaguang Environment & Energy Group Co.Ltd(600475) independent director’s prior approval opinions on matters related to the 40th meeting of the seventh board of directors] independent director: Chen Xiaoping, Cai Jian, Xu Gang
April 8, 2022
