Dalian My Gym Education Technology Co.Ltd(002621) : Announcement on using temporarily idle self owned funds to purchase financial products

Securities code: 002621 securities abbreviation: Dalian My Gym Education Technology Co.Ltd(002621) Announcement No.: 2022-023 Dalian My Gym Education Technology Co.Ltd(002621) announcement on purchasing financial products with temporarily idle own funds Dalian My Gym Education Technology Co.Ltd(002621) (hereinafter referred to as “the company”) held the first meeting of the sixth board of directors and the first meeting of the sixth board of supervisors on February 10, 2022, The proposal on using temporarily idle self owned funds to purchase financial products was deliberated and adopted. The company plans to use the temporarily idle self owned funds of no more than 200 million yuan to purchase financial products with high safety, good liquidity and low risk without affecting the normal operation and ensuring the safety of funds. The quota is valid for 12 months from the date of deliberation and approval by the board of directors and the board of supervisors. Within the scope of the above quota, the funds can be used on a rolling basis. The board of directors authorizes the chairman of the company to sign relevant agreements, and the specific matters shall be organized and implemented by the chief financial officer of the company. The details are announced as follows: 1. The use of idle self owned funds to purchase financial products. 1. The purpose of investment is to improve the efficiency of capital utilization and increase the company’s income on the premise of ensuring the company’s daily operation and capital safety. 2. Investment quota according to the company’s business development plan and capital status, the company and its wholly-owned and holding subsidiaries plan to use the idle self owned capital quota of no more than 200 million yuan to purchase financial products. Within the above limit, the funds can be used on a rolling basis. 3. The investment varieties of the company and its wholly-owned and holding subsidiaries are low-risk short-term financial products issued and sold on a commission basis by state-owned commercial banks or joint-stock banks. In order to control risks, the funds within the above limit can only be used to purchase short-term financial products within 12 months, and the yield is significantly higher than the deposit interest rate in the same period, which can effectively improve the use efficiency of the company’s own funds and increase the yield. Do not buy financial products that are used for other securities investment, or take stocks, derivatives and unsecured bonds as investment targets. 4. The investment period is 12 months from the date of deliberation and approval by the board of directors. The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions. 5. Source of funds: the company and its wholly-owned and holding subsidiaries have their own idle funds. 6. The authorized matters are within the limit and authorization period. The board of directors of the company authorizes the chairman to sign relevant contract documents. The specific matters shall be organized and implemented by the chief financial officer of the company. 7. Association relationship: there is no association relationship between the company and the issuer of financial products. 2、 Investment risk and risk control measures (I) investment risk 1. Although short-term financial products belong to low-risk investment varieties, the financial market is greatly affected by macro-economy, so it is not excluded that the investment is affected by market fluctuations; 2. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable; 3. Operational risks of relevant staff. (II) risk control measures 1. The company will strictly screen financial products, do a good job in the preliminary investigation and feasibility demonstration of relevant products, and select the preferred financial product issuer and financial product within the scope of authorization; 2. The Finance Department of the company will timely analyze and track the investment direction of products, project progress and changes in net value. If the evaluation 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 the investment risk; 3. The Audit Department of the company is responsible for the audit and supervision of the use and custody of low-risk investment and wealth management funds. At the end of each quarter, it shall comprehensively inspect all investment projects of wealth management products, reasonably predict the possible gains and losses of various investments according to the principle of prudence, and report to the Audit Committee; 4. Independent directors and the board of supervisors have the right to supervise and inspect the use of their own funds, and can hire professional institutions to audit when necessary; 5. The company will disclose the purchase and profit and loss of financial products in accordance with the relevant provisions of the CSRC and Shenzhen Stock Exchange, and disclose the purchase and corresponding profit and loss of financial products during the reporting period in the regular report. 3、 Impact on the company’s operation 1. On the premise of ensuring the daily operation and capital safety of the company and its wholly-owned and holding subsidiaries, the company uses idle self owned funds to purchase short-term financial products, which will not affect the normal needs of the company’s daily capital turnover and the normal development of the company’s main business. 2. Through moderate low-risk short-term financial management, we can obtain certain investment benefits, improve the efficiency of capital use, and seek more investment returns for the company’s shareholders. 4、 Relevant opinions 1. Independent directors’ opinions: under the condition of ensuring the capital demand of the company’s normal operation, the company uses some idle self owned funds to purchase financial products with high safety, good liquidity and low risk, which is conducive to improving the efficiency of capital use and increasing the company’s investment income, will not have an adverse impact on the company’s business activities, and is in line with the interests of the company and all shareholders, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders. We agree that the company can use idle self owned funds to purchase financial products with high security, good liquidity and low risk within the scope of authorization. 2. According to the opinion of the board of supervisors, on the premise of ensuring the normal operation of the company and its wholly-owned and holding subsidiaries, the company uses its own idle funds for low-risk investment and financial management, which is conducive to improving the use efficiency of the company’s funds and increasing the company’s income. There is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. The board of supervisors agrees that the company and its wholly-owned and holding subsidiaries use their own idle funds of no more than 200 million yuan for low-risk investment and wealth management. 5、 Documents for future reference 1. Resolutions of the first meeting of the sixth board of directors of the company; 2. Independent opinions of independent directors on relevant proposals of the first meeting of the sixth board of directors of the company; 3. Resolution of the first meeting of the sixth board of supervisors of the company. It is hereby announced. Dalian My Gym Education Technology Co.Ltd(002621) board of directors February 11, 2022