Securities code: 002785 securities abbreviation: Xiamen Wanli Stone Stock Co.Ltd(002785) Announcement No.: 2022-011
Xiamen Wanli Stone Stock Co.Ltd(002785)
Announcement on financial management quota of the company and its subsidiaries in 2022
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records
Contains, misleading statements or material omissions.
Important content tips:
Investment amount: the maximum balance in a single day shall not exceed RMB 100 million
Investment product type: Bank structured deposit product
Review procedures to be performed: the financial management quota has been reviewed and approved at the 26th meeting of the Fourth Board of directors of the company, and it is not necessary to submit it to the general meeting of shareholders of the company for review.
1、 Overview of this investment
1. Investment purpose
In order to improve the use efficiency of funds and make rational use of short-term idle self owned funds, the company plans to use idle self owned funds for financial management and cash management in combination with the actual operation without affecting the normal operation of the company, so as to increase the company’s income and seek a better return on investment for the company and shareholders.
2. Investment amount and capital source
The self owned funds of the company and its subsidiaries shall not exceed RMB 100 million, within which the funds can be recycled and used.
3. Investment varieties
In order to control risks, the varieties of investment are bank structured deposit products.
4. Investment period
Effective within one year from the date of deliberation and approval by the board of directors.
5. Source of funds
The source of funds is idle self owned funds of the company and its subsidiaries.
2、 Existing risks and proposed risk control measures
1. Income Fluctuation Risk:
The company and its subsidiaries will timely and appropriately intervene according to the economic situation and changes in the financial market. The financial products purchased belong to the principal guaranteed type, and the overall risk is low. However, the financial market is greatly affected by the macro-economy. It is not ruled out that the financial investment is affected by market fluctuations, thus affecting the income.
2. In view of the above risks, the following measures are taken:
(1) Relevant personnel of the Finance Department of the company will timely analyze and track the investment direction of financial products and project progress. If risk factors that may affect the safety of the company’s funds are found in the assessment, corresponding measures will be taken in time to control the overall risk. (2) The internal audit department of the company will audit and supervise the purchase of financial products and report the problems found to the audit committee of the board of directors in time.
(3) 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.
(4) The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the company
1. The company and its subsidiaries use idle funds for financial management and cash management on the premise of ensuring the daily operation and capital safety of the company and its subsidiaries, which will not affect the normal needs of the daily capital turnover of the company and its subsidiaries and the normal development of the main business of the company and its subsidiaries.
2. Through appropriate financial management, we can obtain certain investment income, further improve the overall performance level of the company, and seek more investment returns for the company’s shareholders.
4、 Opinions of the board of directors
On February 11, 2022, the board of directors of the company held the 26th meeting of the fourth session, deliberated and adopted the proposal on the financial management quota of the company and its subsidiaries in 2022, and all directors unanimously agreed that the company would use its own funds with a quota of no more than RMB 100 million for financial management and cash management. The above transaction limit shall be valid within one year from the date of deliberation and approval by the board of directors of the company. Within the above service life and limit, the funds can be used in a circular and rolling manner, and the total amount of funds for cash management at any time point shall not exceed 100 million yuan (including 100 million yuan).
5、 Opinions of independent directors
At present, the company and its subsidiaries are in good operation and stable financial condition. Under the premise of ensuring the daily operation capital demand and capital safety, the company and its subsidiaries use idle funds of no more than RMB 100 million for financial management and cash management, which is conducive to improving the use efficiency of the company’s funds and increasing the company’s income on the premise of controlling risks, It will not adversely affect the production and operation of the company, which is in line with the interests of the company and will not damage the interests of the company and all shareholders, especially minority shareholders.
6、 Opinions of the board of supervisors
On February 11, 2022, the board of supervisors of the company held the 21st Meeting of the fourth session, deliberated and passed the proposal on the financial management quota of the company and its subsidiaries in 2022. The board of supervisors agreed that the company and its subsidiaries use idle self owned funds with a quota of no more than RMB 100 million for financial management and cash management. The service life is 12 months after the approval of the board of directors. Within the above use period and limit, the funds can be used in a circular and rolling manner.
7、 Documents for future reference
1. Xiamen Wanli Stone Stock Co.Ltd(002785) resolution of the 26th meeting of the Fourth Board of directors;
2. Xiamen Wanli Stone Stock Co.Ltd(002785) resolution of the 21st Meeting of the Fourth Board of supervisors;
3. Independent opinions of independent directors on matters related to the 26th meeting of the Fourth Board of directors
It is hereby announced.
Xiamen Wanli Stone Stock Co.Ltd(002785) board of directors February 14, 2022
