Sifangda: Opinions on continuing to use free idle funds

Abstract Independent opinions of independent directors of Henan Sifangda Superhard Materials Co., Ltd. on continuing to use their own idle funds for investment and financial management according to the "Guiding Opinions on Establishing Independent Director System in Listed Companies" and "Standards of Listed Companies of Shenzhen Stock Exchange GEM" Operational Guidelines and...
Independent opinion of independent directors of Henan Sifangda Superhard Materials Co., Ltd. on continuing to use their own idle funds for investment and financial management
According to the "Guiding Opinions on Establishing an Independent Director System in Listed Companies", "Guidelines for the Standard Operation of Listed Companies on the Growth Enterprise Market of Shenzhen Stock Exchange" and "Articles of Association of Henan Sifangda Superhard Materials Co., Ltd.", we are regarded as Henan Quartet. The independent director of Dachao Hard Materials Co., Ltd. (hereinafter referred to as “the company”) reviewed the “Proposal on Continued Use of Own Idle Funds for Investment and Financial Management” submitted to the 15th meeting of the second board of directors of the company. The independent opinions on the matters involved in the motion are as follows:

(1) The company's proposal to continue to use its own idle funds for investment and financial management has been reviewed and approved at the fifteenth meeting of the second board of directors of the company, and the relevant approval procedures have been fulfilled.

(2) The internal control system of the company is relatively perfect, the company's internal control measures and systems are sound, and the security of funds can be guaranteed.

(3) At present, the company has sufficient self-owned funds. On the basis of ensuring the normal operation of the company and the safety of funds, the use of some idle funds, and the selection of investment security and high liquidity of wealth management products are conducive to improving the efficiency of capital use and increasing the company's investment income. .

We agree that the company will continue to use its own idle funds for investment and wealth management without affecting normal production and operation.

Independent director:

Du Haibo Ye Shuhua Wanlong

August 22, 2013

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