Securities code: 300068 securities abbreviation: Zhejiang Narada Power Source Co.Ltd(300068) Announcement No.: 2022-006 Zhejiang Narada Power Source Co.Ltd(300068)
Announcement of resolutions of the 26th meeting of the 6th board of supervisors
The company and all members of the board of supervisors guarantee that the contents of the announcement are true, accurate and complete, and are responsible for any false records, misleading statements or major omissions in the announcement.
The 26th meeting of the 6th board of supervisors of Zhejiang Narada Power Source Co.Ltd(300068) (hereinafter referred to as “the company”) was held on January 25, 2022 by combining on-site and communication voting. On January 21, 2022, the company notified all supervisors in person, e-mail or telephone. There were 3 supervisors who should attend the meeting and 3 supervisors who actually attended the meeting. The convening, convening and voting of the meeting met the relevant provisions of the company law of the people’s Republic of China and the articles of Association. The meeting was presided over by Mr. Shu Huaying, chairman of the board of supervisors of the company, and the following proposals were considered and adopted:
1、 The proposal on providing guarantees to subsidiaries in 2022 was deliberated and adopted
After deliberation, the supervisors attending the meeting unanimously agreed that the total amount of guarantee to be provided by the company to subsidiaries within the scope of consolidated statements in 2022 should not exceed 3.5 billion yuan, of which: (1) the guarantee to Hangzhou Nandu Power Technology Co., Ltd. should not exceed 1.1 billion yuan; (2) Guarantee no more than RMB 50 million to Hangzhou Zhejiang Narada Power Source Co.Ltd(300068) Sales Co., Ltd; (3) Guarantee Anhui Huabo Renewable Resources Technology Co., Ltd. for no more than RMB 1.1 billion; (4) Guarantee no more than RMB 50 million to Wuhan Nandu New Energy Technology Co., Ltd; (5) Guarantee no more than RMB 300 million to Zhejiang Nandu Hongxin Power Technology Co., Ltd; (6) Guarantee no more than 50 million yuan to Hangzhou Nandu Trading Co., Ltd; (7) Guarantee Anhui Nandu Huabao New Material Technology Co., Ltd. for no more than 400 million yuan; (8) Guarantee no more than RMB 50 million to Sichuan Nandu Guojian new energy Co., Ltd; (9) Guarantee no more than RMB 100 million to Zhejiang Nandu energy Internet Co., Ltd; (10) The guarantee for Anhui Nandu Huatuo New Energy Technology Co., Ltd. shall not exceed 300 million yuan.
The guarantee scope includes but is not limited to applying for comprehensive credit, loans, acceptance bills, letters of credit, factoring, letter of guarantee, financial leasing and other financing businesses; The types of guarantee include but are not limited to joint and several liability guarantee, mortgage, pledge, etc. The above guarantee amount includes the new guarantee and the extension or renewal of the original guarantee. The actual guarantee amount shall be subject to the finally signed guarantee contract. The board of directors requested the general meeting of shareholders to authorize the management of the company to approve the provision of guarantee for each subsidiary and the adjustment of guarantee amount between subsidiaries within the scope of the expected guarantee amount, and authorize the general manager of the company to sign relevant agreements and documents.
The validity period of this guarantee limit is 12 months from the date of deliberation and approval of this item by the general meeting of shareholders. Before the new annual guarantee amount is approved by the extraordinary general meeting of shareholders of the company, the management of the company is authorized to temporarily implement the guarantee matters of the current year according to the total guarantee amount of the previous year.
There is no counter guarantee for the wholly-owned subsidiary this time. The holding subsidiary takes its assets as the counter guarantee, and charges 1% of the guarantee fee for the new guarantee contract signed by the holding subsidiary in 2022.
For details, please refer to cninfo.com, the gem information disclosure website designated by the CSRC（ http://www.cn.info.com.cn./ ）Announcement on providing guarantees to subsidiaries in 2022 disclosed on the.
Voting results: 3 in favor, 0 against and 0 abstention.
2、 The proposal on using idle self owned funds for cash management was deliberated and adopted
In order to improve the use efficiency of funds, the supervisors attending the meeting unanimously agreed that the company should use the maximum amount of idle self owned funds of no more than 500 million yuan for cash management, and the service life is 12 months from the date of deliberation and approval by the board of directors. Within the above use period and limit, the funds can be used on a rolling basis.
For details, please refer to cninfo.com, the gem information disclosure website designated by the CSRC（ http://www.cn.info.com.cn./ ）Announcement on cash management using idle self owned funds disclosed on.
Voting results: 3 in favor, 0 against and 0 abstention.
3、 The proposal on developing futures hedging business was deliberated and adopted
The board of supervisors of the company believes that when the company and its subsidiaries carry out futures hedging business, they can make full use of the hedging function of the futures market, reasonably avoid the adverse impact of commodity price fluctuations on the company’s raw material procurement and product sales, control the company’s operating risks and achieve the goal of stable operation of the company. This proposal does not harm the interests of investors, complies with the relevant documents of China Securities Regulatory Commission and Shenzhen Stock Exchange, and agrees the company and its subsidiaries to carry out futures hedging business.
For details, please refer to cninfo.com, the gem information disclosure website designated by the CSRC（ http://www.cn.info.com.cn./ ）The announcement on carrying out futures hedging business and the feasibility analysis report on carrying out futures hedging business disclosed on the.
Voting results: 3 in favor, 0 against and 0 abstention.
4、 The proposal on developing foreign exchange hedging business was deliberated and adopted
The board of supervisors of the company believes that the company’s foreign exchange hedging business is conducive to avoiding and preventing foreign exchange market risks and preventing the adverse impact of large exchange rate fluctuations on the company’s production and operation. This proposal does not harm the interests of investors, complies with the relevant documents of China Securities Regulatory Commission and Shenzhen Stock Exchange, and agrees the company and its subsidiaries to carry out foreign exchange hedging business.
For details, please refer to cninfo.com, the gem information disclosure website designated by the CSRC（ http://www.cn.info.com.cn./ ）The announcement on carrying out foreign exchange hedging business and the feasibility analysis report on carrying out foreign exchange hedging business disclosed on the.
Voting results: 3 in favor, 0 against and 0 abstention.
5、 Proposal on cancellation of stock options not exercised in the first exercise period of stock options under the 2019 restricted stock and stock option incentive plan
The first exercise period of the company’s stock option incentive plan is from January 14, 2021 to December 30, 2021, and the number of exercisable stock options in this exercise period is 9.91 million. As of December 30, 2021, the actual number of stock options exercised by incentive objects is 9.88 million, and the number of stock options not exercised is 30000. According to the relevant provisions of the company’s stock option incentive plan, this part of stock options that are not exercised within the exercise period shall be cancelled by the company. The company will apply to China Securities Depository and Clearing Co., Ltd. Shenzhen Branch for the cancellation of the above stock options in accordance with relevant regulations.
The board of supervisors believes that the cancellation of the company complies with the relevant provisions of the stock option incentive plan and the measures for the administration of equity incentive of listed companies. The board of supervisors agrees that the company shall cancel 30000 stock options that have not been exercised in the first exercise period of the stock option incentive plan.
For details, please refer to cninfo.com, the information disclosure website designated by China Securities Regulatory Commission on GEM（ http://www.cn.info.com.cn./ ）Announcement on cancellation of stock options not exercised in the first exercise period of stock options under the 2019 restricted stock and stock option incentive plan disclosed on the.
Voting results: 3 in favor, 0 against and 0 abstention.
It is hereby announced.
Zhejiang Narada Power Source Co.Ltd(300068)
Board of supervisors
January 26, 2022
