Securities code: 600237 Securities abbreviation: Tongfeng Electronic Announcement number: Lin 2022-005

Announcement of the resolution of the ninth meeting of the ninth Board of Directors of Anhui Tongfeng Electronic Co., LTD

The board of directors and all the directors of the Company warrant that there is no false record, misleading statement or material omission in the content of this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of the content.

I. The holding of Board of Directors meetings

1. The meeting of the Board of Directors is held in accordance with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association.
2. Notice and documents of this board meeting shall be issued to all directors of the Company in writing and by fax on February 7, 2022.
3. This Board meeting will be held on February 11, 2022 by communication vote.
4. At this board meeting, 7 directors shall participate in voting, and 7 directors actually participate in voting.

Ii. Review of the Board meeting

1. Proposal on the amount of guarantees for wholly-owned and controlling subsidiaries expected in 2022
It agrees that the Company shall provide comprehensive credit guarantee with a total limit of no more than RMB 20,000 yuan for the wholly-owned and controlling subsidiaries, which is used for the guarantee of working capital loans, bank acceptance and letter of guarantee and other working capital turnover business types of subsidiaries. The independent directors of the company have expressed their agreed independent opinions on the proposal. The independent directors believe that the forecast and authorized matters are in line with the provisions of relevant laws, regulations, normative documents and the Articles of Association, meet the needs of the business development of subsidiaries, and are conducive to improving the operating efficiency of the company. All the guaranteed companies are within the scope of consolidated statements of the company. Their credit standing is good, and the guarantee risks are under control. There is no harm to the interests of the company and its shareholders, especially the minority shareholders. Details of the proposal can be found in the Company's Announcement on the amount of guarantees expected to be provided for wholly-owned and controlling subsidiaries in 2022.
There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.
2. The proposal on applying to banks for comprehensive line of credit
Due to production and operation needs, the company is allowed to apply for comprehensive credit of no more than 150,000 yuan from the following banks, including Tongling Branch of Industrial and Commercial Bank of China, no more than 15,000 yuan; Agricultural Bank of China Tongling Branch no more than 20,000 yuan; Tongling Branch of China Construction Bank applies for comprehensive credit of no more than RMB 12,000 yuan; Tongling Branch of Shanghai Pudong Development Bank no more than RMB 12,000 yuan; The Tongling Branch of Huishang Bank Co., LTD shall not exceed RMB 15,000 yuan; Tongling Branch of Bank of China Limited shall not exceed RMB 15,000 yuan; Industrial Bank Co., LTD. Hefei branch no more than 10 million yuan; The Tongling Branch of Bank of Communications Co., Ltd. shall not exceed 10 million yuan; The Tongling Branch of China Everbright Bank Limited shall not exceed 10 million yuan; Tongling Branch of Hefei Sci-Tech Rural Commercial Bank Co., LTD. Tongling Branch of Postal Savings Bank of China Limited shall not exceed 60 million yuan; The Hefei branch of Guangfa Bank Co., Ltd. shall not exceed 10 million yuan. The term of the above comprehensive credit is one year, and the specific situation is subject to the actual credit granted by each bank.
There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.
3. The proposal on using idle funds to purchase financial products
In order to improve the efficiency of the company's use of funds and reduce the precipitation of funds, the Company will use its own idle funds of no more than RMB 10 million yuan to purchase financial products of financial institutions without affecting the normal operation. Within the above quota, the funds can be used on a rolling basis, the total amount of financial products purchased at any one time should not exceed the above quota, and the term of a single financial product should not exceed one year. The detailed content of the proposal can be found in the company's Announcement on using its own idle funds to purchase financial products.
There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.
4. Proposal on capital increase for Anhui Tongfeng WTO Import and Export Co., LTD., a wholly-owned subsidiary.
At present, the wholly-owned subsidiary is mainly responsible for the import and export business of the company, as well as the import of raw materials and equipment required for the production of the company and the export business of products. In order to meet the needs of the company's operation and development and ensure the stable operation of the company's production and operation, it is planned to increase its registered capital from the current 40 million yuan to 10 million yuan, and the capital increase will be entirely carried out by the Company in monetary form. The detailed content of the proposal is in the company's "Announcement on capital increase to the wholly-owned subsidiary - Anhui Tongfeng WTO Import and Export Co., LTD.".
There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.
This is to announce.