Independent opinions of independent directors on relevant matters of the 42nd session of the 8th board of directors of the company
Jiangsu Eastern Shenghong Co.Ltd(000301) independent director
Independent opinions on relevant matters of the 42nd session of the 8th board of directors of the company
In accordance with the company law of the people’s Republic of China, the guiding opinions on the establishment of independent director system in listed companies, the stock listing rules of Shenzhen Stock Exchange, 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 an independent director of Jiangsu Eastern Shenghong Co.Ltd(000301) (hereinafter referred to as “the company”), based on the position of seeking truth from facts and independent judgment, in accordance with the principle of being responsible to the company and all shareholders of the company, and with a scientific and rigorous working attitude, After careful verification of relevant matters considered at the 42nd meeting of the eighth board of directors, we hereby express our independent opinions as follows:
1、 The convening and convening of this meeting, as well as the deliberation and voting procedures of relevant proposals, comply with the provisions of relevant laws, administrative regulations and the articles of association.
2、 Matters on carrying out commodity hedging business
The company has established and improved relevant internal control systems, implemented risk prevention measures and controlled derivatives investment risks by strengthening internal management; The company’s commodity hedging business meets the needs of actual operation, can avoid the risk of crude oil and product price fluctuation to a certain extent, reduce production and operation risk, and does not damage the interests of the company and all shareholders, especially minority shareholders.
We agree to the company’s commodity hedging business and submit the proposal to the general meeting of shareholders for deliberation. 3、 Matters concerning foreign exchange derivatives trading
The company establishes and improves relevant internal control systems, and controls derivatives investment risks by strengthening internal management and implementing risk prevention measures; The company carries out foreign exchange derivatives trading business for the purpose of avoiding the risk of exchange rate or interest rate fluctuation, which is closely related to the production and operation needs of the company, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders.
We agree to the company’s foreign exchange derivatives trading business and submit the proposal to the general meeting of shareholders for deliberation. Independent directors: Zhang Xiangjian, Zhang songxun, Yuan Jianxin January 13, 2022
