Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707)
Opinions of independent directors on relevant matters of the 12th meeting of the 10th board of directors
Prior approval and independent opinion
In accordance with the company law, 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 No. 1 – standardized operation of listed companies on the main board, the articles of association and other relevant provisions, as independent directors of Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) (hereinafter referred to as the “company”), based on the principle of seeking truth from facts, Express the following prior approval and independent opinions on relevant matters of the 12th meeting of the 10th board of directors of the company:
1、 Related party transaction proposal for capital increase of Hongyi company
(1) Prior approval
We have carefully reviewed this transaction and believe that this capital increase is to raise funds for the upgrading and reconstruction project of Hongyi company, which is conducive to actively promoting the construction of the upgrading and reconstruction project. In this related party transaction, the equipment to be invested by the company and the investment target company have hired the evaluation company for evaluation. This transaction takes the evaluation price as the pricing basis, the pricing is reasonable and fair, there is no damage to the interests of the company and other shareholders, especially small and medium-sized shareholders, which is in line with the interests of the company and all shareholders. It is agreed to submit the related party transaction proposal on capital increase of Hongyi company to the board of directors of the company for deliberation.
(2) Independent opinion
The pricing of this transaction is based on the assessed value of the owner’s equity of the target company and does not harm the interests of the company and all shareholders. This transaction is conducive to raising funds for the upgrading project. The company makes capital contribution in the form of cash and physical assets. This capital increase is the need of the company’s development and in line with the company’s industrial planning and development strategy. When the board of directors of the company deliberated on this connected transaction, the connected directors have avoided voting, and the voting procedures of the board of directors comply with the relevant requirements of the company law, the stock listing rules of Shenzhen Stock Exchange, the articles of association and other laws, regulations and rules. Therefore, we agree to this transaction.
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Signature of independent director:
Wang huaman, Bao Xiaolan, Ma Chuangang
