Hangzhou Iecho Science & Technology Co.Ltd(688092)
Independent directors’ opinions on matters related to the 10th meeting of the second board of directors
Independent opinion of
In accordance with the standards for the governance of listed companies, the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the rules for independent directors of listed companies and other relevant laws and regulations, rules and regulations, the Hangzhou Iecho Science & Technology Co.Ltd(688092) articles of Association (hereinafter referred to as the “articles of association”) and the working system for independent directors, As an independent director of Hangzhou Iecho Science & Technology Co.Ltd(688092) (hereinafter referred to as “the company”), in a serious, rigorous and responsible attitude, we express the following independent opinions on the relevant proposals and matters considered at the 10th meeting of the second board of directors held on January 19, 2022:
1、 Independent opinions on the proposal on changing the implementation subject of some raised investment projects
Starting from the business development strategy, in order to simplify the business structure and further improve the management efficiency, the company plans to let the wholly-owned subsidiary Hangzhou AGCO Automation Technology Co., Ltd. (hereinafter referred to as “AGCO automation”) absorb and merge the wholly-owned subsidiary Hangzhou AGCO Siasun Robot&Automation Co.Ltd(300024) Technology Co., Ltd. (hereinafter referred to as “AGCO Siasun Robot&Automation Co.Ltd(300024) “), The existing business of AGCO Siasun Robot&Automation Co.Ltd(300024) will be undertaken by AGCO automation as a whole. Therefore, the company decided to change the implementation subject of the raised investment project “new intelligent cutting equipment production line project” from AGCO Siasun Robot&Automation Co.Ltd(300024) to AGCO automation.
We believe that the company’s plan to change the implementation subject of “new intelligent cutting equipment production line project”, one of the raised investment projects, is a prudent decision made by the company according to the needs of business development strategy. The change of implementation subject is more in line with the actual needs, will not have a significant adverse impact on the normal operation of the company and improve the operation and management efficiency of the company. The change does not change the purpose and implementation mode of the raised funds, does not change the investment direction of the raised funds in a disguised manner and damage the interests of the company and all shareholders, and will not have an adverse impact on the company’s operation and financial status. Moreover, the change behavior complies with the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of the raised funds of listed companies (revised in 2022) The requirements of laws, regulations and normative documents such as the guidelines for self discipline supervision of companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation.
In conclusion, we agree with the content of the proposal on changing the implementation subject of some raised investment projects.
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