Abstract The independent directors of Henan Sifangda Superhard Materials Co., Ltd. have provided their opinions in accordance with the "Guiding Opinions on Establishing an Independent Director System in Listed Companies," the "Guidelines for Standard Operation of Listed Companies on the Growth Enterprise Market of Shenzhen Stock Exchange," and the company's Articles of Association. These opinions pertain to the proposal titled "Proposal on the Use of Bank Acceptance Bills to Pay Funds for Investment Projects" submitted to the 12th Meeting of the Second Board of Directors. Below are the detailed independent views on the matters involved in the proposal:
Henan Sifangda Superhard Materials Co., Ltd. Independent Directors' Opinions
In accordance with the aforementioned regulations and internal company policies, we, as independent directors of Henan Sifangda Superhard Materials Co., Ltd. (hereinafter referred to as “the Companyâ€), have reviewed the proposal regarding the use of bank acceptance bills to settle project payables, equipment purchases, and material costs within the fundraising projects. After careful consideration, we would like to express our independent opinion as follows:
We believe that utilizing bank acceptance bills to pay for the expenses related to the fundraising projects can effectively enhance the efficiency of fund utilization. This approach is in line with the long-term interests of the shareholders and investors, and it does not interfere with the normal operations of the fundraising projects. Furthermore, this method does not alter the original investment plan or undermine the rights and interests of the shareholders. Therefore, we fully support the Company’s decision to use bank acceptance bills for the payment of funds associated with the fundraising projects.
This practice reflects a responsible and prudent approach to financial management, ensuring transparency, compliance, and optimal resource allocation. We are confident that this decision will contribute positively to the company’s sustainable development and value creation for all stakeholders.
Independent Directors:
Du Haibo, Ye Shuhua, Wanlong
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