Foran Energy Group Co.Ltd(002911)
Independent opinions of independent directors on matters related to the 21st Meeting of the 5th board of directors of the company
In accordance with the company law of the people’s Republic of China, the rules for independent directors of listed companies, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and other relevant laws and regulations, as well as the articles of association and the working system of independent directors, we are the independent directors of Foran Energy Group Co.Ltd(002911) (hereinafter referred to as the “company”), Having carefully reviewed the relevant matters of the 21st Meeting of the 5th board of directors of the company, we hereby express the following independent opinions:
Before the meeting of the board of directors, the company has submitted the relevant materials of the proposal on related transactions with Guangdong Xiaohu LNG Co., Ltd. constituting related party transactions to us for review, and we have expressed our explicit prior review opinions.
We believe that the company provides financial support to the related party Guangdong Xiaohu LNG Co., Ltd. (hereinafter referred to as “Xiaohu company”), takes necessary risk guarantee measures, the overall risk is controllable, the annual interest rate is determined with reference to the bank loan interest rate in the same period, and the pricing is fair; The related party Xiaohu company provides loans to Guangzhou Yuanheng storage Co., Ltd. (hereinafter referred to as “Yuanheng storage”), and the annual interest rate is determined with reference to the bank loan interest rate in the same period, following the principle of fair and reasonable pricing; Yuanheng warehouse, the parent company of Xiaohu company, provides it with a loan of 100000 yuan, which shall be determined by both parties through negotiation; The risk of the related guarantee provided by Yuanheng warehouse for Xiaohu’s loan from the company is controllable.
The above related party transactions have been completed or terminated, which will not affect the independence of the company’s business and the normal operation of the company. The above related party transaction prices and relevant terms are fair, fair and reasonable, and there is no situation that damages the interests of the company, shareholders, especially minority shareholders. Therefore, we unanimously agree to the above related party transactions of the company and agree to submit the proposal to the second extraordinary general meeting of shareholders of the company in 2022 for deliberation.
(there is no text on this page, which is the signature page of Foran Energy Group Co.Ltd(002911) independent director’s independent opinions on matters related to the 21st Meeting of the Fifth Board of directors) signature of independent director: Zhou Linbin, Chen Qiuxiong, Liao Zhongmin
January 11, 2022
