Aerospace Ch Uav Co.Ltd(002389) independent director
Independent opinions on matters related to the 37th meeting of the 5th board of directors, as an independent director of the company in accordance with the relevant provisions of the guiding opinions on the establishment of independent director system in listed companies, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and the articles of association of the company issued by the CSRC, As an independent director of the company, he expressed the following independent opinions on relevant matters considered at the 37th meeting of the Fifth Board of directors of the company:
1、 Independent opinions on the proposal on applying for hedging business to prevent exchange rate fluctuation risk
The company carries out hedging business on the basis of normal production and operation, does not carry out foreign exchange transactions solely for profit, relies on specific business operations, does not exceed the specified business scope, strictly abides by the principles of hedging and risk neutrality, aims to avoid and prevent exchange rate risks, and does not harm the interests of shareholders, especially small and medium-sized shareholders. The hedging business to be carried out by the company mainly uses the bank credit line or its own funds, and gives priority to the use of the bank credit line. If it uses its own funds, the proportion of the deposit paid is determined according to the specific agreement signed with the bank, and does not involve the raised funds. At the same time, the company has formulated the management measures for the company’s currency derivatives business, and formulated specific operating procedures for the company’s hedging business by strengthening internal control and implementing risk prevention measures. The review procedures comply with relevant national laws and regulations, the articles of association and other relevant provisions.
It is agreed that the company shall carry out hedging business with a scale of no more than USD 200 million, and the extension amount shall not be calculated repeatedly. The amount shall be effective within one year from the date of deliberation and approval by the board of directors of the company. (no text below)
(there is no text on this page, which is the signature page of Aerospace Ch Uav Co.Ltd(002389) independent directors’ independent opinions on matters related to the 37th meeting of the Fifth Board of directors) independent director (signature)
(MA Dongli) (Chang Ming) (Xu Jianjun) MM DD YY
