About the 11th meeting of the 10th board of directors of the company by independent directors
Independent opinions on relevant matters
In accordance with the company law, the securities law, the guiding opinions on the establishment of independent director system in listed companies issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC”), and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of companies listed on the main board, Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”), the stock listing rules and other relevant laws, administrative regulations, departmental rules, normative documents, as well as the articles of association and working system of independent directors of Jinyuan Ep Co.Ltd(000546) (hereinafter referred to as “the company”), as independent directors of the company, based on independent judgment, Independent opinions on relevant matters of the 11th meeting of the 10th board of directors are as follows:
1、 Independent opinions on Jinyuan Ep Co.Ltd(000546) proposal on subsidiaries’ carrying out option hedging business:
The company carries out hedging business on the premise of ensuring normal production and operation, and takes option hedging business as an effective means to stabilize product price fluctuations, which is conducive to locking in the company’s production costs, controlling operating risks, and improving the company’s ability to resist market fluctuations and stabilize price shocks. The specific content of the company’s hedging business meets the actual production and operation needs of the company. By strengthening internal control, implementing risk prevention measures and improving the operation and management level, it is conducive to the operation and development of the company, and there is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders. The procedures for convening, convening and making resolutions of the board of directors of the company comply with the provisions of relevant laws, regulations and the articles of association.
We unanimously agree to the proposal on Jinyuan Ep Co.Ltd(000546) carrying out option hedging business by subsidiaries.
Independent directors: Yu Leping, he Pinjing, Wang Xiaoye January 22, 2022
