Securities code: 601633 securities abbreviation: Great Wall Motor Company Limited(601633) Announcement No.: 2022-008
Convertible bond Code: 113049 convertible bond abbreviation: Changqi convertible bond
Great Wall Motor Company Limited(601633)
Announcement of resolutions of the 29th meeting of the 7th board of supervisors
The board of supervisors and all supervisors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
On January 23, 2022, Great Wall Motor Company Limited(601633) (hereinafter referred to as "the company" or "the company") held the 29th meeting of the seventh session of the board of supervisors by written transmission and signature. Three supervisors should be present at the meeting and three actually present. The meeting materials have been sent in advance in the form of e-mail, which is in line with the provisions of the company law of the people's Republic of China and the articles of association of Great Wall Motor Company Limited(601633) .
The meeting considered the following resolutions:
1、 Deliberating the proposal on Amending the daily connected transactions with Guangliang automobile in 2022
According to the needs of the company's production and operation, on January 23, 2022, the company signed the Amendment Agreement I to the related party transaction framework agreement (hereinafter referred to as the "Amendment Agreement") with Liangliang automobile. According to the Amendment Agreement, the company revised the upper limit of the estimated amount of consulting services provided by the company and its holding subsidiaries (hereinafter referred to as the "group") with Liangliang automobile in 2022, The upper limit of the estimated amount of purchased vehicles and parts in 2022 has been increased.
As of December 31, 2021, the amount of daily related party transactions for providing consulting services between the group and Guangliang automobile is RMB 18.5061 million. According to the Amendment Agreement, the daily related party transactions in 2022 are expected to be revised as follows: 1. The group provides consulting services to Guangliang automobile, and the transaction amount is expected to be adjusted to RMB 38.8 million in 2022.
2. The group purchases vehicles and parts from Guangliang automobile, and the transaction amount is expected to be RMB 7664.81 million in 2022.
Note: the consulting services provided by the group for beam automobile include it, manpower consulting and other consulting services.
Main contents and pricing policies of related party transactions
1. Description of transaction content
The group and Guangliang automobile signed a framework agreement Amendment Agreement I on consulting services and procurement of products.
2. Term and effective conditions of the framework agreement
(1) The validity period is from the effective date of the framework agreement to December 31, 2032.
(2) The effectiveness of the framework agreement shall be subject to the approval (if necessary) of relevant internal institutions applicable to both parties.
3. Pricing principle
According to the amended agreement, the pricing principle of the relevant transactions between the group and beam automobile shall comply with the requirements of relevant laws, regulations and listing rules. The pricing of various transactions agreed by both parties shall follow the principle of independent transaction to ensure fairness, rationality and compliance with general commercial terms. The transactions to be conducted under this agreement will be conducted at any time in compliance with and in accordance with the listing rules and the guidelines, rules and regulations of relevant regulatory authorities.
The board of supervisors of the company believes that the revision of the daily connected transactions between the group and Guangliang automobile in 2022 complies with the relevant provisions of the company law of the people's Republic of China, the securities law of the people's Republic of China, the stock listing rules of Shanghai Stock Exchange, the governance standards of listed companies and other laws. The relevant agreements are concluded in accordance with general commercial terms, and their terms are fair and reasonable, In line with the overall interests of the company and shareholders. It will not affect the independence of the company and will not damage the interests of the company and its shareholders, especially minority shareholders.
It is agreed that the company will revise the daily related party transactions with beam automobile in 2022.
(see Great Wall Motor Company Limited(601633) announcement on Revising daily connected transactions with Guangliang automobile in 2022 for details)
Deliberation results: the proposal was adopted with 3 affirmative votes, 0 negative votes and 0 abstention.
It is hereby announced.
Great Wall Motor Company Limited(601633) board of supervisors January 23, 2022
