Arts Group Co.Ltd(603017) independent director
Prior approval opinions on matters related to the 23rd Meeting of the Fourth Board of directors
In accordance with the relevant provisions of the company law, the Listing Rules of Shanghai Stock Exchange, the guiding opinions on the establishment of independent director system in listed companies, the articles of association and other laws, regulations and normative documents, we, as independent directors of Arts Group Co.Ltd(603017) (hereinafter referred to as “the company”), based on the principle of prudence and independent judgment, With regard to the proposal on carrying out non recourse factoring business of receivables to be considered at the 23rd Meeting of the Fourth Board of directors of the company, we hereby express the following prior approval opinions:
In this factoring financing of receivables without recourse, the company will not bear any expenses and recover all receivables. It is conducive to accelerating the company’s capital turnover, improving the efficiency of capital use, meeting the capital needs of business development and supporting the development of the company’s business. The pricing of this related party transaction does not damage the interests of the company and minority shareholders, and this related party transaction has no impact on the business independence of the company. We agree to submit the proposal to the 23rd Meeting of the Fourth Board of directors for deliberation. When the board of directors votes on the proposal, the related directors shall withdraw as required.
Arts Group Co.Ltd(603017) independent directors: Yang Haikun, Gong juming, Bei Zhengxin May 18, 2022
