Jiangsu Shentong Valve Co.Ltd(002438) independent director
Independent opinions on matters related to the 25th meeting of the 5th board of directors
As an independent director of Jiangsu Shentong Valve Co.Ltd(002438) (hereinafter referred to as “the company”), based on independent judgment, according to the responsibilities entrusted to independent directors by the company law, the guiding opinions on the establishment of independent director system in listed companies, the stock listing rules of Shenzhen Stock Exchange, the articles of Association, the independent director system and other relevant provisions, We hereby express our opinions on the relevant matters of the 25th meeting of the Fifth Board of directors as follows: independent opinions of independent directors on the proposal on cash management using some idle raised funds
The independent directors carefully considered the company’s proposal on using some idle raised funds for cash management, conducted necessary reviews on the company’s operation, finance and cash flow, and expressed the following independent opinions:
After verification, according to the progress of the company’s investment projects with raised funds, on the premise of ensuring that the normal construction of the investment projects with raised funds is not affected, the company and its wholly-owned subsidiaries use the temporarily idle raised funds of no more than RMB 300 million for cash management, which has high security and long investment period of no more than 12 months The principal guaranteed financial products or structured deposits with good liquidity are conducive to improving the use efficiency of the raised funds, which is in line with the principle of maximizing the interests of the company and shareholders. There is no situation of changing the purpose of the raised funds in a disguised manner and damaging the interests of the company and shareholders, especially the interests of minority shareholders. The company and its wholly-owned subsidiaries use temporarily idle raised funds for cash management this time, which meets the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies, the stock listing rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board And other laws and regulations.
Therefore, we unanimously agree that the company and its wholly-owned subsidiaries shall use the temporarily idle raised funds of no more than RMB 300 million for cash management, and the amount can be used on a rolling basis within the validity period of 12 months after the approval of the board of directors.
(there is no text below, which is the signature page of Jiangsu Shentong Valve Co.Ltd(002438) independent directors’ independent opinions on matters related to the 25th meeting of the Fifth Board of directors) signature of independent directors:
Sun Zhenhua: Yan Jun: Xiao Yongbo:
January 20, 2022
