Shenzhen Xinyichang Technology Co.Ltd(688383)
Independent opinions of independent directors on relevant matters considered at the 20th meeting of the first board of directors
In accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the securities law of the people’s Republic of China (hereinafter referred to as the “Securities Law”), the Shenzhen Xinyichang Technology Co.Ltd(688383) articles of Association (hereinafter referred to as the “articles of Association”) and the working system of independent directors and other relevant provisions, as independent directors of Shenzhen Xinyichang Technology Co.Ltd(688383) (hereinafter referred to as the “company”), we are loyal, diligent, serious and responsible, Based on independent judgment, the opinions on relevant matters considered at the 20th meeting of the first board of directors are as follows:
1、 Independent opinions on the proposal on repurchase of shares of the company by means of centralized bidding transaction
After review, we believe that:
1. The shares repurchased by the company this time comply with the relevant provisions of laws, regulations and normative documents such as the company law, the securities law, the opinions on supporting the repurchase of shares by listed companies, the share repurchase rules of listed companies, the guidelines for self discipline supervision of listed companies of Shanghai Stock Exchange No. 7 – repurchase of shares, and the voting procedures of the board meeting comply with the relevant laws, regulations and the articles of association.
2. The upper limit of the company’s total share repurchase funds is RMB 100 million. The funds to be used for this share repurchase are self owned or self raised funds. The company has the ability to pay the repurchase price and will not have a significant impact on the company’s operation, finance and future development; The equity distribution of the company after the repurchase meets the conditions of the listed company and will not affect the listing status of the company. The share repurchase scheme is feasible.
3. The implementation of the company’s share repurchase is conducive to safeguarding the interests of the company and shareholders, establishing and improving the company’s long-term incentive mechanism, fully mobilizing the enthusiasm of the company’s employees, and promoting the healthy and sustainable development of the company. The company’s share repurchase is necessary.
4. This repurchase is carried out in the form of centralized bidding transaction, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders.
In conclusion, we believe that the company’s share repurchase plan is legal and compliant, and the repurchase plan is feasible and necessary, which is in line with the interests of the company and all shareholders. Unanimously agree on this repurchase plan. (no text below)
