Securities code: 688669 securities abbreviation: Polyrocks Chemical Co.Ltd(688669) Announcement No.: 2022-005 Polyrocks Chemical Co.Ltd(688669)
Announcement on resolutions of the 21st Meeting of the 5th board of supervisors
The board of supervisors and all supervisors 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、 Meetings of the board of supervisors
The 21st Meeting of the 5th board of supervisors of Polyrocks Chemical Co.Ltd(688669) (hereinafter referred to as “the company”) was held on site in the conference room of the company on January 7, 2022. The meeting was urgent, and the meeting notice was sent to all supervisors by e-mail and communication on January 6, 2022. Three supervisors should be present at this meeting, and three actually present. The meeting was presided over by Ms. Liao Huali, chairman of the board of supervisors. The meeting shall be held in accordance with relevant laws, regulations, rules and the articles of association.
2、 Deliberation at the meeting of the board of supervisors (I) the proposal on capital increase of wholly-owned subsidiaries to Anhui Longhua Chemical Co., Ltd. was deliberated and adopted. Qingyuan pucefuroxime Chemical Co., Ltd. (hereinafter referred to as “pucefuroxime”), a wholly-owned subsidiary of the company, subscribed 7537688 shares issued by Longhua chemical at a price of 3.98 yuan / share, with a 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%.
The board of supervisors believes that the capital increase to the holding subsidiary is to meet the capital needs for its production and operation, help to improve the operating capacity of the holding subsidiary and enhance the long-term strategic cooperation with downstream major customers. The review procedures for capital increase to subsidiaries comply with relevant laws and regulations, and there is no situation that damages the interests of the company and its shareholders, especially minority shareholders.
Voting results: 3 in favor, 0 against and 0 abstention;
Avoidance of voting: this proposal does not involve related party transactions, and there is no need to avoid voting;
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) deliberated and passed the proposal on foreign investment in establishing subsidiaries and developing new businesses
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 a green packaging product R & D, production, leasing, recycling, operation system and recycling network, and to develop an operation management information system and an Internet of things traceability monitoring platform Provide customers with leasing and recycling operation services of environmentally friendly intelligent turnover boxes and other products.
The board of supervisors believes that the purpose of this foreign investment to establish a subsidiary and carry out new business is to build a recycling network of recycled packaging products and provide a development basis for the company to realize the recycling operation of recycled packaging products. The review procedures comply with laws and regulations such as the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and the relevant provisions of the articles of association. The investment will not have an adverse impact on the company’s financial and operating conditions, and there is no situation damaging the interests of the company and its shareholders.
Voting results: 3 in favor, 0 against and 0 abstention;
Avoidance of voting: this proposal does not need to be avoided;
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 supervisors January 10, 2022
