Vantone Neo Development Group Co.Ltd(600246)
Independent opinions of independent directors on the 17th interim meeting of the 8th board of directors in accordance with the relevant provisions of the rules for independent directors of listed companies, the governance standards of listed companies, the articles of association and the company’s working system for independent directors of the CSRC, we, as independent directors of Vantone Neo Development Group Co.Ltd(600246) (hereinafter referred to as the “company”), based on our objective and independent judgment, The independent opinions on the proposal on joint investment with related parties to establish companies and related party transactions considered at the 17th extraordinary meeting of the eighth board of directors of the company are as follows:
Before the meeting of the board of directors of the listed company, the company has fully communicated with us about this connected transaction and submitted relevant materials. The company’s foreign investment and related party transactions comply with the relevant provisions on foreign investment and related party transactions in the stock listing rules of Shanghai Stock Exchange, the articles of association, the measures for the administration of foreign investment of the company and the management system of related party transactions of the company.
We believe that this connected transaction is in line with the company’s established business strategic objectives and is practical. The non-compliance with the principle of consensus and independence of all the shareholders of the company will not affect the interests of the company, especially the non-compliance with the principle of fairness and independence of all the shareholders of the company.
The decision-making and deliberation procedures of this connected transaction comply with the provisions of relevant national laws and regulations, normative documents and the articles of association. The connected directors have avoided voting, and other non connected directors participate in the voting and agree to the proposal of this connected transaction.
We unanimously agree that this foreign investment and related party transactions do not need to be submitted to the general meeting of shareholders for deliberation.
Independent directors: Jiang Desong, Xiong Chengyu, Zhang Jianping April 24, 2022
