Securities code: 301011 securities abbreviation: Guangzhou Wahlap Technology Corporation Limited(301011) Announcement No.: 2022-006 Guangzhou Wahlap Technology Corporation Limited(301011)
Announcement on purchasing directors, supervisors and senior managers’ liability insurance
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Guangzhou Wahlap Technology Corporation Limited(301011) (hereinafter referred to as “the company”) convened the 25th meeting of the second board of directors of the company on January 19, 2022, deliberated and adopted the proposal on purchasing directors, supervisors and senior managers’ liability insurance. In order to promote the directors, supervisors and senior managers of the company to fully exercise their rights and perform their duties, the company plans to purchase liability insurance for the company and all directors, supervisors and senior managers. This proposal needs to be submitted to the second extraordinary general meeting of shareholders in 2022 for deliberation. Relevant matters are hereby announced as follows:
1、 Dong Jiangao liability insurance scheme
1. Applicant: Guangzhou Wahlap Technology Corporation Limited(301011) ;
2. Insured: the company and all directors, supervisors and senior managers (the specific scope shall be subject to the scope determined through consultation between the company and the insurance company);
3. Compensation limit: no more than 50 million yuan / year (subject to the insurance contract);
4. Total premium: no more than RMB 400000 / year (subject to the insurance contract);
5. Insurance period: 12 months.
To improve decision-making efficiency, The company requests the general meeting of shareholders to authorize the management representative of the company to handle matters related to the purchase of directors, supervisors and senior managers’ liability insurance within the framework of the above liability insurance scheme (including but not limited to selecting and appointing insurance brokerage companies or other intermediaries; determining insurance companies; determining insurance amount, premium and other insurance terms; signing relevant legal documents and dealing with other matters related to insurance and claim settlement, etc.), and in the future Renew or re insure the liability insurance contract for supervisors and senior managers on or before the expiration of the contract.
2、 Review procedure
1. The matter was submitted to the 25th meeting of the second board of directors for deliberation, and all directors withdrew from voting.
2. The matter was submitted to the 21st Meeting of the second board of supervisors for deliberation, and all supervisors withdrew from voting.
The matter still needs to be submitted to the general meeting of shareholders of the company for deliberation.
3、 Opinions of independent directors
Purchasing liability insurance for the company and its directors, supervisors and senior managers is conducive to improving the company’s risk control system, protecting the rights and interests of the company and its directors, supervisors and senior managers, promoting relevant responsible personnel to fully exercise their rights and perform their duties, and promoting the healthy development of the company. There is no damage to the interests of the company and all shareholders. The review procedures are legal and compliant. The independent directors of the company agreed to submit the proposal to the general meeting of shareholders of the company for deliberation.
4、 Opinions of the board of supervisors
After review, the board of supervisors of the company believes that the company plans to purchase liability insurance for the company and all directors, supervisors and senior managers, which can help improve the company’s risk management system and promote the directors, supervisors and senior managers of the company to fully exercise their rights and perform their duties. The deliberation procedures of this matter comply with the provisions of relevant laws and regulations, There is no situation that damages the interests of the company and all shareholders. The board of supervisors agreed to submit the proposal to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Guangzhou Wahlap Technology Corporation Limited(301011) board of directors
January 19, 2022
