Haixin Shares (600851): Resolutions Of The Sixth Session Of The Ten Session Of The Board Of Directors

Securities code: 600851/900917 securities abbreviation: Haixin shares / Haixin B shares announcement number: 2020-021

Shanghai Haixin Group Limited by Share Ltd

Announcement of the sixth meeting of the tenth board of directors

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

I. meetings of the board of directors

(1) the meeting of the board of directors is in conformity with relevant laws, administrative regulations, departmental rules, normative documents and articles of association.

(two) the notice of the board meeting was sent to all directors in written form in May 28, 2020, and the conference information was sent to all directors in writing in May 28, 2020.

(three) the board meeting was held in the conference room of the 18 floor, Huaxin Haixin building, 666, Fuzhou Road, Shanghai, on June 4, 2020.

(four) the board meeting should be attended by 9 directors, who actually attended 9 people, including 7 of the directors attending the meeting at the scene, and 2 of the directors attending the meeting (director Liu Jingtao and independent director Zhang Xiaoyan participated in the communication by way of work).

(five) the board meeting was chaired by Mr. Fei Minhua, chairman of the board.

Two. Consideration of board meetings

The meeting was voted by registered ballot and the following resolution was formed:

With the approval of 9 votes, 0 votes against and 0 abstentions, the Shanghai Haixin Group Limited by Share Ltd introduced the "Yangtze River Delta G60 Zhejiang Science Foundation (Songjiang)" project and the subsidiary's development of property transfer bill.

In August 23, 2018, the fourteenth session of the ninth board of directors of Shanghai Haixin Group Limited by Share Ltd (hereinafter referred to as "company" or "Haixin Group") deliberated and passed the "proposal on the development of industrial land for subsidiaries", and agreed to develop Shanghai's Haixin plush Limited company (hereinafter referred to as "Haixin Plush") to develop 32.7 Mu industrial land. The block is the Haixin Intelligent Industrial Park (tentative name) first site of the company located in Dongjing Town of Songjiang District (hereinafter referred to as "the first plot"). Since the construction of the first block, the Haixin Plush has been working hard to promote the investment promotion of the project.

Recently, the Zhejiang Provincial People's Government Office in Shanghai (hereinafter referred to as the Zhejiang Provincial Office of Shanghai) and the Shanghai office and state owned enterprises in some parts of Zhejiang province have inspected the first block and highly appraised the project. Led by the Zhejiang provincial Shanghai office, the "Yangtze River Delta G60 Zhejiang science and technology base (Songjiang)" (tentatively named) is expected to be landed in the Haixin Group's Dongjing block, and Zhejiang's part of the state capital platform will purchase 9 properties developed by the first block. The first block is divided into two phases. The main structure of the first 7 buildings has been completed, and it is expected to be delivered in the fourth quarter of 2020. The 2 phase of the two phase is now under planning.

According to the offer of the intended buyer and negotiations for many times, the average price of the first block is about 11000 yuan per square meter. The total price of the 9 properties on the ground is estimated to be about 617 million 470 thousand yuan (calculated according to the plot volume rate), and the 482 underground parking spaces will be priced at about 53 million 980 thousand yuan, which is about 671 million 450 thousand yuan.

After the study, the Board agreed to authorize the management to handle the specific matters related to the transaction according to the scheme approved by the board.

If the transaction is completed smoothly, the funds will be effectively recovered and will have a positive impact on the company's future operating income and net profit. At the same time, the project landing will help build the first demonstration area for the integration of Shanghai and Zhejiang in the Yangtze River Delta, and will promote the Haixin Intelligent Industrial Park (tentatively named) to become an important starting point for the G60 innovation corridor, which will boost the quality development of the G60 science corridor.

The transaction volume, park platform policy and property transfer licensing policy are subject to the approval of the superior government administrative departments. The counterparty Katanao Mi finally decided that after determining the counterparty, the counterparty's internal approval process should also be submitted to the local government for approval. Due to the uncertainty, the company will disclose relevant information according to the rules of information disclosure according to the progress of the transaction.

Notice hereby.

Shanghai Haixin Group Limited by Share Ltd board of directors

June 5, 2020