Kyushu Securities Co., Ltd
About Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd
Verification opinions on expected events of daily connected transactions in 2022
Kyushu Securities Co., Ltd. (hereinafter referred to as “Kyushu securities” or “sponsor”) is the sponsor of non-public offering of shares by Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. (hereinafter referred to as ” Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) “, “listed company” or “company”) in 2020, According to the measures for the administration of securities issuance and listing recommendation business, the stock listing rules of Shanghai Stock Exchange and the guidelines for the continuous supervision of listed companies of Shanghai Stock Exchange, we have carefully and prudently verified the expected events of daily connected transactions in Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) 2022, and issued the following verification opinions:
1、 Basic information of daily connected transactions
(I) review procedures for the performance of daily connected transactions
1. Deliberations of the meeting
On January 17, 2022, Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) held the 35th meeting of the third board of directors and the 31st meeting of the third board of supervisors, deliberated and adopted the proposal on the expected matters of daily connected transactions of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. in 2022. Related directors Kang Jian, Jiang Zhaoxin, Sui Jianmei, Yang Zuyi and related supervisor Ma Xuan have all avoided voting.
The proposal of this new connected transaction shall be submitted to the general meeting of shareholders of the company for deliberation.
2. Opinions of independent directors
The related party transaction has been approved in advance by the independent directors of the company, who have expressed their independent opinions. The independent directors believe that the deliberation procedures of the expected matters of the company’s daily related party transaction in 2022 comply with the relevant provisions of the stock listing rules of Shanghai Stock Exchange and the articles of Association. Related party transactions are priced according to the market price, and follow the principles of openness, fairness and rationality. The price is fair, and the review procedure is legal, compliant and practical. There is no situation that damages the interests of the company and shareholders, especially minority shareholders.
3. Opinions of the board of supervisors
The expected events of this related party transaction meet the needs of the company’s business development, the pricing basis is sufficient, the price is fair and reasonable, and the voting procedures are legal and effective. The independent directors of the company have made objective and independent judgments on the related party transaction, and there is no situation that damages the interests of the listed company and minority shareholders.
(II) prediction and implementation of previous daily connected transactions
Category of related party transaction: estimated actual amount of related party in the previous year (the previous time) (10000 yuan) and amount generated in the previous year (the previous time) (10000 yuan)
Xinjiang Jiangyang Engineering Blasting Demolition Construction Co., Ltd. 600.00 198.74
Xinjiang Yuxiang Populus euphratica Chemical Co., Ltd. 11000.00 8671.03
Xinjiang Jinxiang Sairui Coal Chemical Technology Co., Ltd. 12000.00 9065.14 company
Purchase of Fuyun county civil blasting equipment Monopoly Co., Ltd. 1200.00 55.24 commodity from related persons
Xinjiang jinfengyuan Technology Co., Ltd. 100.00-
Shenzhen Jinyuan Hengye Technology Co., Ltd. – 5.67
Beijing Allianz Guoke Technology Consulting Co., Ltd. – 6.60
Xinjiang Xuefeng Weihong melamine products Co., Ltd. – 21.05
Subtotal 24900.00 18023.47
Xinjiang agriculture and animal husbandry investment (Group) Co., Ltd. 100.00 13.20
Xinjiang Yuxiang Populus euphratica Chemical Co., Ltd. 50.00 19.41
Aksu Zhongxin energy comprehensive development Co., Ltd. 1000.00 231.24
Accept the labor services provided by Xinjiang jinfengyuan Technology Co., Ltd. by the related party 300.00 0.51 Xinjiang Health Industry Investment Co., Ltd. 255.25
Beijing Allianz Guoke Technology Consulting Co., Ltd. – 37.84
Xinjiang Jinxiang Sairui Coal Chemical Technology Co., Ltd. – 1.65 company
Subtotal 1550.00 559.10
Xinjiang Jinxiang Sairui Coal Chemical Technology Co., Ltd. 27000.00 13255.49 company
Xinjiang Jiangyang Engineering Blasting Demolition Construction Co., Ltd. 800.00 536.40
Habahe civil blasting equipment Monopoly Co., Ltd. sold to related parties at 1000.00 134.45
Products and commodities Fuyun county civil blasting equipment Monopoly Co., Ltd. 4000.00 804.34 Ren company
Xinjiang Xuefeng Weihong melamine products Co., Ltd. – 0.37
Jinghe Xuefeng Agricultural Technology Co., Ltd. – 8.84 company
Subtotal 32800.00 14739.89
Provide Xinjiang agriculture and animal husbandry investment (Group) Co., Ltd. 50.00 15.93 labor service company to related parties
Category of related party transaction: estimated actual amount of related party in the previous year (the previous time) (10000 yuan) and amount generated in the previous year (the previous time) (10000 yuan)
Xinjiang Xuefeng Agricultural Technology Co., Ltd. 20.00 16.07
Xinjiang Yuxiang Populus euphratica Chemical Co., Ltd. 3000.00 1782.16
Habahe civil blasting equipment Monopoly Co., Ltd. 200.00 63.18
Xinjiang Jinxiang Sairui Coal Chemical Technology Co., Ltd. 500.00 102.09 company
Xinjiang Xuefeng Weihong melamine products Co., Ltd. 50.00 2.96
Xinjiang Jiangyang Engineering Blasting Demolition Construction Co., Ltd. 500.00 19.26
Aksu Zhongxin energy comprehensive development Co., Ltd. 50.00 0.83
Fuyun civil blasting equipment Monopoly Co., Ltd. 400.00 168.93 Ren
Qinghe Yitong Mining Co., Ltd. – 0.31
Beijing Liding Huixin Supply Chain Management Co., Ltd. – 0.31 company
Subtotal 4770.00 2172.03
Xinjiang agriculture and animal husbandry investment (Group) Co., Ltd. 220.00 190.38
Xinjiang Xuefeng Agricultural Technology Co., Ltd. 80.00 83.63
Qinghe Yitong Mining Co., Ltd. – 3.47 provided Beijing Liding Huixin Supply Chain Management Co., Ltd. to related parties
Leasing Services Division – 3.48
Xinjiang Yuxiang Populus euphratica Chemical Co., Ltd. – 3.47
Xinjiang Xuefeng Weihong melamine products Co., Ltd. – 3.47
Subtotal 300.00 287.90
Fuyun civil blasting equipment Monopoly Co., Ltd. – 17.43 accepted the promotion of related parties
Rental services for Xinjiang Yuxiang Populus euphratica Chemical Co., Ltd. – 9.79
Subtotal – 27.22
Total 64320.00 35809.61
Note: the actual amount of last year has not been audited.
(III) estimated amount and category of daily connected transactions
This year
