Independent directors’ opinions on foreign exchange derivatives transactions carried out by subsidiaries
Independent opinion of
In accordance with the company law of the people’s Republic of China, 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 of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board As an independent director of Cgn Power Co.Ltd(003816) (hereinafter referred to as the “company”), we hereby issue independent opinions on the foreign exchange derivatives transactions of our subsidiaries discussed and approved by the board of directors as follows:
1. The foreign exchange derivatives transactions of the company’s subsidiaries Guangdong nuclear power joint venture Co., Ltd. and Taishan nuclear power joint venture Co., Ltd. are conducted around their actual foreign exchange revenue and expenditure business. This transaction is based on the normal business background and aims to reduce the risk of foreign exchange rate fluctuation. There is no risk speculation and damage to the interests of the company and shareholders, Especially the interests of minority shareholders.
2. The company has formulated the provisions on debt risk management, which is conducive to strengthening the risk management and control of foreign exchange derivatives transactions. Guangdong nuclear power joint venture Co., Ltd. and Taishan nuclear power joint venture Co., Ltd. will carry out foreign exchange derivatives transactions and risk control within the limit approved by the board of directors in strict accordance with the above provisions and internal control procedures.
3. According to the Listing Rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 7 – transactions and related party transactions and other relevant provisions, this matter does not need to be submitted to the general meeting of shareholders for deliberation after being approved by the board of directors, and the deliberation and voting procedures of the company are legal and compliant.
In conclusion, we agree that Guangdong nuclear power joint venture Co., Ltd. and Taishan nuclear power joint venture Co., Ltd. respectively carry out foreign exchange derivatives trading within the limit approved by the board of directors.
Cgn Power Co.Ltd(003816) independent directors: Li Fuyou, Yang Jiayi, Xia ceming, Deng Zhixiang January 17, 2022
