Zijin Mining Group Company Limited(601899) independent directors\’ independent opinions on the seventh interim meeting of the board of directors of the company are in accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the securities law of the people’s Republic of China (hereinafter referred to as the “Securities Law”), the guiding opinions on the establishment of independent director system in listed companies, the governance standards of listed companies As an independent director of Zijin Mining Group Company Limited(601899) (hereinafter referred to as “the company”), according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange and the articles of association, based on the position of independent judgment and after carefully reviewing the relevant meeting materials of the first extraordinary meeting of the seventh board of directors in 2022, we express our independent opinions as follows: I Independent opinions on the proposal on authorization of commodity and foreign exchange derivatives hedging business in 2022
On the premise of ensuring normal production and operation, it is necessary and feasible for the company to carry out hedging business related to production and operation, in order to make full use of the hedging function of the futures market and effectively avoid the impact of price fluctuations on the company’s performance; The relevant approval procedures for the company to carry out hedging business comply with relevant national laws, regulations and the articles of association. The company has formulated relevant systems and defined internal control procedures such as approval process, risk prevention and control and management, which plays a guarantee role in the company’s control of hedging risk. The company’s hedging business will not harm the interests of the company and all shareholders. We unanimously agree to carry out the business.
2、 Independent opinions on the proposal on carrying out financial management business in 2022 on the premise of ensuring capital liquidity and safety, the company uses its own idle funds to purchase low-risk financial products, which is conducive to improving capital use efficiency, will not affect the development of the company’s main business, and is conducive to the interests of the company and all shareholders; Zijin finance company’s business scope includes securities investment. By carrying out investment and financial management business, it can improve economic benefits and enhance comprehensive strength; The relevant approval procedures of this proposal comply with relevant national laws, regulations and the articles of Association; The company and Zijin finance company have formulated relevant systems, standardized business processes and risk prevention measures in place; The company and Zijin finance company will not damage the interests of the company and all shareholders by carrying out the entrusted financial management business in 2022. We agree to carry out this business.
3、 Independent opinions on the plan for Zijin Mining Group Company Limited(601899) investment (Shanghai) Co., Ltd. to carry out financial business in 2022
On the premise of ensuring daily operation and controlling risks, the company makes rational use of its own funds to carry out financial business, which is conducive to improving the use efficiency of funds and will not have an adverse impact on the company’s main business. The relevant approval procedures for the company’s financial business comply with relevant national laws, regulations and the articles of association, and the company has formulated relevant systems to effectively prevent and control investment risks. The company’s financial business will not harm the interests of the company and all shareholders. We unanimously agree to carry out this business.
Independent directors: Zhu Guang, Mao Jingwen, Li Changqing, he Fulong, sun Wende, Bo Shaochuan January 14, 2022
