Beijing Yanjing Brewery Co.Ltd(000729) board of supervisors
Opinions on using self owned funds to invest in structured deposits
In accordance with the guidelines for the standardized operation of companies listed on the main board of Shenzhen Stock Exchange, the articles of association, the rules of procedure of the board of supervisors and other relevant provisions, the board of supervisors of the company issued the following audit opinions on the proposal on using its own funds to invest in structured deposits:
The board of supervisors believes that the company’s use of its own funds to invest in structured deposits will help the company make full use of its temporarily idle own funds and further improve the efficiency of fund use. The company has established a relatively sound internal control system. On the premise of ensuring daily operation and capital safety, the use of temporarily idle self owned funds to invest in structural deposits of state-controlled banks will not affect the normal needs of the company’s daily capital turnover, the normal development of the company’s main business, and will not damage the company and all shareholders, Especially for the interests of minority shareholders, the relevant approval procedures comply with the provisions of laws and regulations and the articles of association. Therefore, the board of supervisors agreed that the company should use its own funds with a total amount of no more than RMB 1.5 billion to invest in structured deposits.
Beijing Yanjing Brewery Co.Ltd(000729) board of supervisors January 14, 2002
