Zhejiang Yinlun Machinery Co.Ltd(002126) independent director
Independent opinions on matters related to the 17th meeting of the 8th board of directors
As an independent director of Zhejiang Yinlun Machinery Co.Ltd(002126) (hereinafter referred to as the “company”) in accordance with the guiding opinions on the establishment of independent director system in listed companies, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the working system of independent directors, the articles of association and other relevant rules and regulations of the CSRC, We have carefully considered the matters related to the 17th meeting of the 8th board of directors of the company, and based on our independent judgment, we express the following independent opinions:
1、 Independent opinions on the closing of some projects invested with raised funds and the permanent supplement of surplus funds to working capital
The company’s “new energy vehicle thermal management project” has reached the intended use status. Closing the projects invested by the raised funds and permanently replenishing the surplus raised funds with working capital is the optimal allocation of the company’s resources according to the actual needs of the construction, production and operation of the raised investment projects, which is conducive to improving the use efficiency of the company’s raised funds and reducing the company’s operating costs. The procedures performed by the company comply with the relevant provisions of laws, regulations and company systems. To sum up, we agree to the closing of the company’s raised investment project and permanently supplement the surplus raised funds with working capital.
2、 Independent opinions on changing the purpose of raised funds of some raised investment projects
After review, the purpose of the raised funds of some raised investment projects of the company is adjusted in time based on market opportunities and industry changes, which is conducive to improving the use efficiency of raised funds and enhancing the profitability of the company, and there is no situation that damages the interests of the company and minority shareholders, It complies with relevant provisions such as guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies, stock listing rules of Shenzhen Stock Exchange, guidelines for the self-discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, etc. To sum up, we agree that the company changes the purpose of the raised funds of some raised investment projects.
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Independent directors: Liu Haisheng, Peng Yinghong, Yu Xiaoli
January 12, 2022
