Bank Of Shanghai Co.Ltd(601229)
Independent opinions of independent directors on related party transactions
We are responsible for the independent management of the company and the related party transactions in accordance with the provisions of the articles of association of the company (hereinafter referred to as the “independent management department”) and the relevant regulations of the bank:
1、 The related party transactions with the credit line of 4.16 billion yuan equivalent granted by the company to Santander bank and related enterprises belong to the normal credit business of the company. They are carried out according to the market fair price, which is in line with the interests of the company and all shareholders. There is no case of benefit transmission through related party transactions and damaging the interests of the company and minority shareholders, and will not affect the independence of the company. This connected transaction complies with the requirements of Bank Of China Limited(601988) Insurance Regulatory Commission, China Securities Regulatory Commission and other regulatory authorities, and complies with the measures for the administration of Bank Of Shanghai Co.Ltd(601229) connected transactions and other relevant provisions.
2、 The company has fulfilled the necessary internal approval procedures according to law for the related party transactions with a credit line of 4.16 billion yuan equivalent to Santander bank and related enterprises.
Bank Of Shanghai Co.Ltd(601229) independent directors Li Zhengqiang, Yang Dehong, sun Zheng, Xiao Wei, Xue Yunkui and Gong Fangxiong April 21, 2022
