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Announcement on Resolutions of the Fourth Meeting of the Sixth Board of Supervisors
Release time:
2022-12-13
Securities Code: 002438 Securities abbreviation: Jiangsu Shentong Announcement No.: 2022-071
Jiangsu Shentong Valve Co., Ltd.
Announcement on Resolutions of the Fourth Meeting of the Sixth Board of Supervisors
| the company and all members of the board of directors to ensure that information disclosure content is true, accurate and complete, no false records, misleading statements or major omissions. |
- Convening of the meeting
- Time and manner of notice of the meeting: the meeting has been notified to all supervisors by telephone or email on December 7, 2022;
- Time, place and method of the meeting: This meeting will be held on December 12, 2022 in the multi-functional conference room 1204 of the company's group headquarters by means of on-site voting;
- Attendance at the meeting: 3 supervisors should attend the meeting, and 3 actually attended;
- Meeting host and attendee: This meeting was presided over by Ms. Chen Li, and some senior management personnel of the company attended the meeting;
- Meeting compliance: the meeting of the board of supervisors was held in accordance with the provisions of the company law, the securities law and the articles of association of the company.
- Deliberated by the meeting
1. Proposal on wholly-owned subsidiaries to increase their application for comprehensive credit lines from financial institutions and to provide guarantees for wholly-owned subsidiaries
Voting result: 3 votes in favor; No: 0; Abstentions: 0. The bill was passed.
The board of supervisors believes that the company's wholly-owned subsidiary Ruifan Energy Saving Technology Co., Ltd. (hereinafter referred to as "Ruifan Energy Saving") has increased its application for credit line from the bank and the company's proposed guarantee for the wholly-owned subsidiary. The normal operation and business development of the company and its wholly-owned subsidiaries have an adverse impact, which is in line with the overall interests of the company and the interests of all shareholders. The content and decision-making procedures of this matter comply with the "Shenzhen Stock Exchange Stock Listing Rules", "Shenzhen Stock Exchange Listed Companies Standard Operation Guidelines" and "Articles of Association" and other relevant laws and regulations. The board of supervisors agrees to increase the comprehensive credit line and guarantee this time. Matters.
For details, please refer to the "Announcement on wholly-owned subsidiaries increasing their application for comprehensive credit lines from financial institutions and providing guarantees for wholly-owned subsidiaries" (Announcement No.: 2022-073) published on the company's designated information disclosure media "Securities Times", "China Securities News" and Juchao Information Network (http://www.cninfo.com.cn) on December 13, 2022.
2. Proposal on Forecast of Daily Related Party Transactions in 2023
The supervisors of the company voted on this motion item by item, and the voting on this motion item by item is as follows:
(1) Daily connected transactions with Jinxi Group
Voting result: 3 votes in favor; 0 votes against; 0 abstentions. The motion was passed and agreed to be submitted to the company's fourth extraordinary general meeting of shareholders in 2022 for consideration.
(2) Daily related transactions with Shentong New Energy
Voting result: 3 votes in favor; 0 votes against; 0 abstentions. The motion was passed and agreed to be submitted to the company's fourth extraordinary general meeting of shareholders in 2022 for consideration.
The board of supervisors holds that the related party transactions between the company and its wholly-owned subsidiaries and related parties are normal transactions in production and operation, the decision-making procedures of related party transactions are in line with the provisions of relevant laws, regulations and articles of association, the transaction price follows the principle of fair and reasonable pricing, and the related party transaction does not affect the business independence of the company and its wholly-owned subsidiaries, There is no harm to the interests of the company and minority shareholders. Therefore, we agree to this day-to-day related transactions.
For details, please refer to the "Announcement on Expected Daily Related Party Transactions in 2023" (Announcement No. 2022-074) published on December 13, 2022 in the Company's designated information disclosure media "Securities Times", "China Securities Journal" and Juchao Information Network (http://www.cninfo.com.cn).
3. Motion on changes in accounting estimates of wholly-owned subsidiaries
Voting result: 3 votes in favor; No: 0; Abstentions: 0. The bill was passed.
The Supervisory Board is of the view that the change in accounting estimate was made by the Company after full consideration of the actual asset status of Ruifan Energy Conservation and similar business of comparable companies. This change uses the prospective application method and does not involve retrospective adjustments to previous years' financial reports. The changed accounting estimates will more objectively, fairly and truthfully reflect the financial position and results of operations of the subsidiary. The relevant decision-making procedures of the Company are in compliance with the relevant provisions of laws and regulations, and there is no harm to the interests of shareholders and the Company. Therefore, we agree that Ruifan Energy Conservation will implement this change in accounting estimates.
For details, please refer to the "Announcement on Changes in Accounting Estimates of Wholly Owned Subsidiaries" published on December 13, 2022 in the Company's designated information disclosure media, "Securities Times", "China Securities Journal" and Juchao Information Network (http://www.cninfo.com.cn). (Bulletin No. 2022-075).
3.Documents for future reference
1. Resolution of the Fourth Meeting of the Sixth Board of Supervisors of Jiangsu Shentong Valve Co., Ltd.;
It is hereby announced.
Supervisory Board of Jiangsu Shentong Valve Co., Ltd.
13 December 2022
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