Securities code: 688669 securities abbreviation: Polyrocks Chemical Co.Ltd(688669) Announcement No.: 2022-004 Polyrocks Chemical Co.Ltd(688669)
Announcement on resolutions of the 35th meeting of the 5th board of directors
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
1、 Convening of board meeting
The 35th meeting of the 5th board of directors of Polyrocks Chemical Co.Ltd(688669) (hereinafter referred to as “the company”) was held by on-site combined communication on January 7, 2022. The meeting notice and relevant materials were sent to all directors of the company by mail and communication on January 6, 2022. Due to the urgency of the matter, the convener explained the emergency convening of the interim meeting at the meeting. The meeting was presided over by Mr. Chen Gang, chairman of the board. There were 9 directors who should attend the meeting and 9 actually attended the meeting. The convening, convening and voting procedures of this meeting comply with the company law of the people’s Republic of China, the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and other relevant laws, administrative regulations, normative documents and the relevant provisions of the articles of association. The resolutions of the meeting are legal and effective. 2、 Deliberations of the board meeting
The meeting was presided over by Mr. Chen Gang, chairman of the company. After voting by all directors, the following resolutions were formed: (I) the proposal on capital increase of wholly-owned subsidiaries to Anhui Longhua Chemical Co., Ltd. was deliberated and adopted
Qingyuan pushefu Phosphorus Chemical Co., Ltd. (hereinafter referred to as “pushefu”), a wholly-owned subsidiary of the company, subscribed for 7537688 shares issued by Longhua chemical at a price of 3.98 yuan / share, with a corresponding total subscription capital of 30 million yuan. Upon the completion of this capital increase, the proportion of equity held by PSF in Longhua chemical will be changed from 59.06% to 66.87%.
Voting: 9 affirmative votes; No negative votes; No abstention;
Avoidance of voting: none;
This proposal does not need to be submitted to the general meeting of shareholders for deliberation;
For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) Announcement on voluntary disclosure of capital increase of wholly-owned subsidiaries to Anhui Longhua Chemical Co., Ltd. and signing of capital increase agreement.
(II) proposal on establishing a new subsidiary
Guangdong Jushi Leasing Co., Ltd. (hereinafter referred to as “Jushi leasing”) plans to use its own capital of 50 million yuan to establish a wholly-owned subsidiary, Julian Operation Co., Ltd., to build an operation system and recycling network for R & D, production, leasing and recycling of green packaging products, and to develop an operation management information system and an Internet of things traceability monitoring platform Provide customers with leasing, recycling and operation services of environmentally friendly intelligent turnover boxes and other products.
Voting: 9 affirmative votes; No negative votes; No abstention;
Avoidance of voting: none;
This proposal does not need to be submitted to the general meeting of shareholders for deliberation;
The independent directors of the company expressed their consent to the proposal. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) Announcement on foreign investment in the establishment of subsidiaries and the development of new businesses. It is hereby announced.
Polyrocks Chemical Co.Ltd(688669) board of directors January 10, 2022
