Wuxi Double Elephant Micro Fibre Material Co.Ltd(002395) independent director
On loans from controlling shareholders and related party transactions of wholly-owned subsidiaries
Prior approval of
Wuxi Double Elephant Micro Fibre Material Co.Ltd(002395) (hereinafter referred to as “the company”) plans to hold the 12th meeting of the sixth board of directors of the company on January 13, 2022, which will consider the proposal on loans and related party transactions from wholly-owned subsidiaries to controlling shareholders.
In accordance with the company law of the people’s Republic of China, the stock listing rules of Shenzhen Stock Exchange (revised in 2022) and other relevant laws and regulations, as well as the articles of association, the working system of independent directors and other relevant provisions of the company, as an independent director of the company, he has conducted prior review on the above matters and issued the following prior approval opinions:
We believe that the wholly-owned subsidiary Chongqing shuangxiang super fiber material Co., Ltd. borrows from the controlling shareholder Jiangsu shuangxiang Group Co., Ltd. to ensure the smooth implementation and early operation of the investment project, which reflects the controlling shareholder shuangxiang group’s support and confidence in the development of the company and can promote the early completion and operation of Chongqing shuangxiang project. The loan interest rate is based on the benchmark loan interest rate of the bank in the same period, the transaction pricing is fair and reasonable, in line with the market level, and the company does not need to provide any guarantee or mortgage, and there is no situation that damages the interests of the company, shareholders, especially minority shareholders.
We agree to submit the matter to the board of directors for deliberation. When the board of directors deliberates the above proposals, four connected directors from related parties need to avoid voting.
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(there is no text on this page, which is the signature page of Wuxi Double Elephant Micro Fibre Material Co.Ltd(002395) independent directors’ prior approval opinions on loans from wholly-owned subsidiaries to controlling shareholders and related party transactions) independent directors:
Cai Guiru, Li Yuxiang, Jin Xiangyu
January 10, 2002
