Hengyi Petrochemical Co.Ltd(000703) independent director
Prior approval letter on matters considered at the 16th meeting of the 11th board of directors
According to the guiding opinions on the establishment of independent director system in listed companies, the stock listing rules of Shenzhen Stock Exchange and the articles of association, as independent directors of Hengyi Petrochemical Co.Ltd(000703) (hereinafter referred to as the “company”), we have obtained and reviewed the relevant proposals provided by the board of directors of the company in advance. After fully understanding the specific conditions of the proposals, We hereby express the following opinions in advance:
1、 Proposal on the estimated amount of daily connected transactions in 2021
The company expects that the daily related party transactions in 2021 will be open, fair and just, which is conducive to consolidating the advantages of industrial chain integration and promoting the coordinated development of main businesses; The rights and obligations of both parties to the related party transaction contract are fair and reasonable; The transaction price shall follow the principles of fairness and reasonableness and be determined with reference to the market price; The performance of the transaction conforms to the interests of the company and all shareholders, has no adverse impact on the independence of the company, and will not damage the interests of the company and non affiliated shareholders.
Therefore, it is agreed to submit this proposal to the 16th meeting of the 11th board of directors for deliberation.
2、 Proposal on financial support and related party transactions provided by controlling shareholders to the company
The implementation of the related party transaction will not adversely affect the normal production and operation of the company, which is in line with the relevant provisions of China Securities Regulatory Commission and Shenzhen Stock Exchange. This related party transaction is in line with the actual needs of the company’s operation and development, and there is no situation that damages the interests of the company and other shareholders, especially minority shareholders.
Therefore, it is agreed to submit this proposal to the 16th meeting of the 11th board of directors of the company for deliberation.
3、 Proposal on providing guarantee and related party transactions to Hainan Yisheng Petrochemical Co., Ltd
The related party guarantee complies with the provisions of national laws and regulations and the articles of association, and there is no damage to the interests of the company and shareholders. When the board of directors of the company deliberates this related party transaction proposal, the voting procedures for related party transactions are legal and effective, and comply with the relevant provisions of the articles of association and the stock listing rules of Shenzhen Stock Exchange. In conclusion, we agree to submit the proposal on providing guarantee and related party transactions for Hainan Yisheng Petrochemical Co., Ltd. to the 16th meeting of the 11th board of directors for deliberation.
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(there is no text on this page, which is the signature page of Hengyi Petrochemical Co.Ltd(000703) independent director’s prior approval letter on matters considered at the 16th meeting of the 11th board of directors) signature of independent director:
Yang Liuyong: Chen Sanlian:
Yang Baizhang:
specific date
