Guangzhou Lingnan Group Holding Co., Ltd
Opinions of independent directors
Guangzhou Lingnan Group Holdings Company Limited(000524) (hereinafter referred to as “the company”) submitted the proposal on providing financial assistance to subsidiaries to the 19th meeting of the 10th Session of the board of directors. After reviewing the materials submitted by the company, the company hereby expresses the following independent opinions:
1. The decision-making procedures of the company’s proposal on providing financial assistance to subsidiaries comply with the provisions of relevant laws, regulations, normative documents and systems, such as the stock listing rules of Shenzhen Stock Exchange, self regulatory guidelines for listed companies No. 1 – standardized operation of listed companies on the main board, and the articles of Association;
2. The company has paid its own funds to Guangzhou Garden Hotel Co., Ltd. (hereinafter referred to as “Garden Hotel”), China Hotel Guangzhou Lingnan International Hotel Management Co., Ltd. (hereinafter referred to as “Lingnan Hotel”) and its holding subsidiary Guangzhou guangzhilv International Travel Agency Co., Ltd. (hereinafter referred to as “guangzhilv”) provide financial assistance to meet the capital needs of its operation and development, reduce the financing cost, meet the interests of the company and all shareholders, and will not have an adverse impact on the operation of the company, There is no situation that damages the interests of the company and shareholders, especially minority shareholders;
3. The objects of this financial support are Garden Hotel, China Hotel, Lingnan Hotel and guangzhilv, which are wholly-owned or holding subsidiaries of the company. The company can effectively control them to ensure the safety of the company’s funds. Therefore, it is agreed that the company will provide financial assistance to the wholly-owned subsidiaries Garden Hotel, China Hotel, Lingnan Hotel and the holding subsidiary guangzhilv.
On January 14, 2002 (there is no text on this page, which is the signature page for the opinions of independent directors at the 19th meeting of the 10th Session of the board of directors):
Tian Qiusheng, Tang Qingquan, Wu XiangNeng
