Huamao Shares (000850): Seven Eighteen Resolutions Of The Board Of Directors

Securities code: 000850 securities short: Hua Mao shares announcement number: 2020-034

Announcement of the eighteenth meeting of the seventh board of directors of Anhui Huamao textile Limited by Share Ltd

The eighteenth meeting of the seventh board of directors of Anhui Huamao textile Limited by Share Ltd was convened on the 05 day of June 2020 in the form of a communication conference. The notice of this meeting was sent to all directors by written personnel and by e-mail in May 31, 2020. The board of directors should attend 9 directors and actually participate in the voting of 9 directors. Company supervisors and executives attended the meeting. The convening and convening of the meeting is in conformity with the relevant laws and regulations and the provisions of the articles of association. The meeting is chaired by Mr. Ni Junlong, chairman of the board. After careful discussion, the participating Directors voted by name and passed the following resolution:

(1) to consider the motion to increase the company's projected 2020 day related transactions.

Due to the need for the purchase and sale of yarn, thread and other commodities and related business activities between the company and the affiliated Anhui Huamao import and export limited liability company, according to the relevant provisions of the Shenzhen Stock Exchange Listing Rules and the articles of association, the estimated amount of daily related party transactions in 2020 is adjusted, and the transaction between the company and the associated Fang Huamao import and export business is increased. The total amount is 800 million yuan. After this increase, the company expects that the total amount of daily related transactions between the company and its subsidiaries and related parties in 2020 will be 1 billion 90 million 700 thousand yuan.

When voting on the motion, the related directors Ni Junlong, Zuo Zhipeng and Dai Huangqing avoided voting in accordance with the law.

The independent director of the company agreed to increase the motion to predict the 2020 day related transactions, and issued an independent opinion on the motion.

Vote: 6 votes agreed, 0 votes against, 0 abstentions; voting result: deliberation and approval.

The case should be submitted to the shareholders' meeting for consideration.

The detailed contents are detailed in the 06 days of June 2020, which are published in the securities times, China Securities Journal and giant tide information network. Www.cninfo.com.cn Related announcements.

Notice hereby

Anhui Huamao textile Limited by Share Ltd board of directors

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