Securities code: 688787 securities abbreviation: Beijing Haitian Ruisheng Science Technology Ltd(688787) Announcement No.: 2022-005 Beijing Haitian Ruisheng Science Technology Ltd(688787)
Announcement on the use of some temporarily idle self owned funds for cash management
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
On February 9, 2022, Beijing Haitian Ruisheng Science Technology Ltd(688787) (hereinafter referred to as “the company” or ” Beijing Haitian Ruisheng Science Technology Ltd(688787) “) held the fifth meeting of the second board of directors and the fourth meeting of the second board of supervisors, deliberated and adopted the proposal on the use of some temporarily idle self owned funds for cash management, which further improved the use efficiency and income level of funds on the premise of ensuring the daily production and operation of the company, The temporary idle self owned funds with a limit of no more than 600 million yuan shall be used for cash management, which shall take effect from the date of deliberation and approval by the general meeting of shareholders of the company and shall be valid for 12 months. Within the validity period of the above quota and resolution, the funds can be recycled and used on a rolling basis.
1、 Overview of cash management with self owned funds
(I) purpose of cash management
The company plans to use temporarily idle self owned funds of no more than RMB 60 million for cash management without affecting its daily operation and risk control, for structural deposits or purchasing high security, good liquidity, low-risk and short-term (within 12 months) financial products, so as to improve the efficiency of using idle self owned funds and increase cash management income, Reduce the financial cost of the company.
(II) source of funds
The funds that the company plans to manage cash come from some idle self owned funds of the company. The source of funds is legal and compliant, which will not affect the normal operation of the company.
(III) investment varieties
On the premise of ensuring liquidity and capital security, the varieties of investment are structured deposits or financial products with high security, good liquidity, low risk and short-term (within 12 months). The above-mentioned financial products shall not be used for pledge or investment for the purpose of securities investment.
(IV) investment quota
The company’s cash management limit with its own funds this time is, and the cumulative balance does not exceed RMB 600 million. Within the validity period of the above limit and resolution, the fund limit can be used on a rolling basis.
(V) investment period
The term of a single financial product shall not exceed 12 months, and it can be recycled and used within the investment limit and the validity of the resolution.
(VI) validity of the resolution
Valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. During the term of validity, the company purchases cash management products according to its own capital investment plan and different time limit combinations.
(VII) implementation mode
Within the validity period of the aforesaid quota and resolution, the general meeting of shareholders of the company shall be requested to authorize the financial director of the company to exercise the investment decision-making power and sign relevant contract documents. The specific matters shall be organized and implemented by the financial department of the company. (VIII) information disclosure
The company will timely perform the obligation of information disclosure in accordance with the requirements of the company law, the securities law, the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and other relevant provisions.
2、 Risk control measures
The financial products or structured deposits purchased by the company belong to low-risk investment varieties, but the financial market is greatly affected by the macro-economy. The company will intervene in a timely and appropriate manner according to the economic situation and changes in the financial market, but it does not rule out that the investment is affected by market fluctuations. For possible investment risks, the company proposes the following measures:
(I) on the basis of ensuring that the normal production and operation of the company will not be affected, select appropriate financial products according to the company’s own funds and in combination with the security, term and income of financial products or structured deposits.
(II) the Finance Department of the company shall conduct prior audit and risk assessment, timely track the progress of financial products or structured deposits, and analyze the investment direction of financial products and project progress. If the assessment finds that there are risk factors that may affect the safety of the company’s funds, it will take corresponding measures in time to control investment risks.
(III) the Audit Department of the company is responsible for supervising the use and custody of funds and conducting comprehensive inspection on relevant investment products on a regular basis.
(IV) independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
3、 Impact on the company
The company insists on standardized operation. Under the condition of ensuring that it does not affect the daily operation and capital safety, it uses some temporarily idle self owned funds for cash management, which will not affect the normal development of the company’s main business. At the same time, it can improve the efficiency of capital use, obtain certain investment income and seek more returns for the company and shareholders.
4、 Approval procedure
On February 9, 2022, the company held the fifth meeting of the second board of directors and the fourth meeting of the second board of supervisors, deliberated and adopted the proposal on using some temporarily idle self owned funds for cash management, which further improved the use efficiency and income level of funds on the premise of ensuring the daily production needs of the company, Use temporarily idle self owned funds with a limit of no more than 600 million yuan for cash management.
5、 Description of special opinions
(I) opinions of independent directors
On the premise of not affecting the normal development of the company’s main business and ensuring that the demand for working capital and risk are controllable, the company uses the temporarily idle self owned funds of no more than 60 million yuan for cash management, which can improve the efficiency and effect of the company’s idle self owned funds, further improve the overall income of the company and meet the interests of all shareholders. The company is approved to use idle self owned funds for cash management.
(II) opinions of the board of supervisors
The company uses temporarily idle self owned funds up to RMB 600 million for cash management, which can be recycled within the authorized amount, which is conducive to improving the use efficiency of idle self owned funds and increasing the company’s income. There is no damage to the interests of the company and shareholders, does not affect the normal production and operation of the company, and meets the requirements of relevant laws and regulations. The company is approved to use idle self owned funds for cash management.
6、 Online announcement document
Independent opinions of Beijing Haitian Ruisheng Science Technology Ltd(688787) independent directors on matters related to the fifth meeting of the second board of directors
It is hereby announced.
Beijing Haitian Ruisheng Science Technology Ltd(688787) board of directors February 10, 2022
