Securities code: 603777 securities abbreviation: Shanghai Laiyifen Co.Ltd(603777) No.: 2022-006 Shanghai Laiyifen Co.Ltd(603777)
Announcement on the progress of using some 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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Cash management trustee: China Securities Co.Ltd(601066) , China Minsheng Banking Corp.Ltd(600016)
Cash management amount: 181.5 million yuan
Name of cash management product: China Securities Co.Ltd(601066) Fund - Wenfu No. 5 collective asset management plan, automatic renewal of 182 day holding period of Fuzhu pure debt, financial products with public funds, and automatic renewal of 3-month fixed income and profit increase of Guizhu No. 2
Term of cash management investment: from January 7, 2022 to April 6, 2022, expected to be 90 days; 182 days from January 11, 2022 to July 11, 2022; 91 days from February 15, 2022 to May 16, 2022.
1、 Review procedures for implementation
(I) Shanghai Laiyifen Co.Ltd(603777) (hereinafter referred to as "the company") deliberated and adopted the proposal on using some idle funds for cash management at the fourth meeting of the Fourth Board of directors and the third meeting of the Fourth Board of supervisors, and agreed that the company should use idle self owned funds with a total amount of no more than RMB 500 million, with high investment safety, good liquidity and low risk, For cash management products sold by financial institutions with legal business qualification, the maximum term of a single product shall not exceed one year, and the single investment amount shall not exceed 50 million yuan. Within the above limit, the funds can be used on a rolling basis. The investment limit expires on April 30, 2021. The board of directors authorizes the chairman to exercise decision-making power and sign relevant legal documents within the above use limit, and the management of the company shall organize relevant departments to implement it. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 29, 2020 Announcement on using part of its own idle funds for cash management (Announcement No.: 2020-030).
(II) the 11th meeting of the 4th board of directors, the 7th Meeting of the 4th board of supervisors and the 2020 annual general meeting of shareholders considered and approved the proposal on using some idle self owned funds for cash management, and agreed that the maximum balance of the company and its wholly-owned subsidiaries (grandchildren) using idle self owned funds for cash management in a single day should not exceed
More than 500 million yuan. Within the above quota, the funds can be used on a rolling basis, with high investment security and liquidity
Cash management products sold by financial institutions with good liquidity and low risk and with legal business qualification are single item
The maximum product life shall not exceed one year. The term of the investment quota shall be from the date of deliberation and approval of the 2020 annual general meeting of shareholders
From to the date of the next annual general meeting of shareholders. The board of directors authorizes the chairman to,
Exercise decision-making power and sign relevant legal documents, and the company's management shall organize relevant departments to implement them. specific
For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 29, 2021 Disclosed customs
Announcement on using some idle self owned funds for cash management (Announcement No.: 2021-014).
2、 Basic information of cash management
(I) purpose of cash management
By choosing the appropriate time, the phased investment has high security, good liquidity, low risk and high efficiency
Cash management products sold by financial institutions with legal business qualifications have improved the efficiency of the company's capital use and won
Get a certain investment income and create more value for the company and its shareholders.
(II) source of funds
The source of funds is some idle self owned funds of the company and its wholly-owned subsidiaries (grandchildren).
(III) basic information of cash management products
Whether the expected annual income structure constitutes the product amount (10000 product period)
Trustee name product name income amount income type an Cheng related party type yuan) limit (days)
Transaction rate (%) (10000 yuan)
Brokerage China Securities Co.Ltd(601066) Fund - expected non breakeven floating
China Securities Co.Ltd(601066) Wenfu No. 5 collective capital 3000 4.30% 31.81 90 day dynamic income no financial product management plan
Fuzhu pure debt 182
China Minsheng Banking Corp.Ltd(600016) the holding period of Li Tian of Matsushita bank is automatically renewed
Jiang sub branch has no financial products for the fixed income of 4.29% 106.96 182 days in the period of 5000 public funds financial products
product
China Minsheng Banking Corp.Ltd(600016) Matsushita bank Li Guizhu fixed income and increased profit 3
Jiang sub branch automatic renewal for 2 months 5000 4.50% 56.10 91 days fixed income no finance product No
China Minsheng Banking Corp.Ltd(600016) Matsushita bank Li Guizhu fixed income and increased profit 3
Jiang sub branch automatic renewal of 2 months 5150 4.50% 57.78 91 days fixed income no finance product No
The total amount of self owned fund entrusted wealth management this time (10000 yuan) is 18150 yuan
(IV) the company's control of risks related to cash management
1. On the basis of ensuring that the normal production and operation of the company will not be affected, select appropriate investment targets according to the safety, term and income of cash management products according to the idle self owned funds of the company.
2. Before purchasing relevant products, the specific business implementation department shall fully consider the company's working capital demand during the product holding period, evaluate the risk of cash management products and the company's own risk tolerance, and subscribe for financial products with corresponding risk level or lower risk according to its own risk assessment.
3. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
4. The internal audit department shall supervise and review the internal approval process and risk of purchased products in accordance with the provisions of the company's internal control management system, so as to ensure the safety of capital chain operation and meet the requirements of the company's internal capital management.
3、 Details of this cash management
(I) main terms of the contract
1. Product Name: China Securities Co.Ltd(601066) Fund - Wenfu No. 5 collective asset management plan
(1) Financial product code: 0q0519
(2) Product value date: January 7, 2022
(3) Product expiration date: April 6, 2022
(4) Financial principal: 30 million yuan
(5) Yield: the expected annualized yield is 4.30%
(6) Payment method: the bank will deduct money directly according to the contract
(7) Whether performance security is required: no
(8) Contract signing date: January 6, 2022
2. Product Name: Fuzhu pure debt 182 day holding period automatic renewal of public funds financial products
(1) Financial product code: fgae61101a
(2) Product value date: January 11, 2022
(3) Product expiration date: July 11, 2022
(4) Financial principal: 50 million yuan
(5) Yield: the expected annualized yield is 4.29%
(6) Payment method: the bank will deduct money directly according to the contract
(7) Whether performance security is required: no
(8) Contract signing date: January 11, 2022
3. Product Name: Guizhu solid income and profit increase 3-month automatic renewal No. 2
(1) Financial product code: ae684gfb
(2) Product value date: February 15, 2022
(3) Product maturity date: expected May 16, 2022
(4) Financial principal: 50 million yuan
(5) Yield: the expected annualized yield is 4.50%
(6) Payment method: the bank will deduct money directly according to the contract
(7) Whether performance security is required: no
(8) Contract signing date: February 15, 2022
4. Product Name: Guizhu solid income and profit increase 3-month automatic renewal No. 2
(1) Financial product code: fbae68604g
(2) Product value date: February 15, 2022
(3) Product maturity date: expected May 16, 2022
(4) Financial principal: 51.5 million yuan
(5) Yield: the expected annualized yield is 4.50%
(6) Payment method: the bank will deduct money directly according to the contract
(7) Whether performance security is required: no
(8) Contract signing date: February 15, 2022
(II) fund investment direction of cash management: bank financial management fund pool and securities company financial products fund pool
(III) risk control analysis
(1) Abide by the principle of prudent investment, strictly select issuers, and select issuers with good reputation and strong capital security ability.
(2) The Finance Department of the company selects appropriate investment products according to the progress of investment projects with its own funds and the safety, duration and income of products.
(3) The financial department of the company shall timely analyze and track the changes in the net value of products. 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.
(4) Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to conduct special audits when necessary.
(5) The company will perform the obligation of information disclosure in accordance with relevant laws and regulations and the articles of association. 4、 Situation of cash management trustee
The trustee China Securities Co.Ltd(601066) (securities code: 601066. Sh, 06066. HK) of the company's purchase of financial products this time is a company listed on Shanghai Stock Exchange and Hong Kong stock exchange, China Minsheng Banking Corp.Ltd(600016) (securities code: 600016) is a company listed on Shanghai Stock Exchange. There is no related relationship between the trustee and the company, the controlling shareholder of the company, the person acting in concert and the actual controller, such as property rights, business, assets, creditor's rights and debts, personnel and so on.
5、 Impact on the company
(I) main financial data of the company
Unit: Yuan
December 31, 2020 September 30, 2021
Total assets 2707636232.51 3297137866.51
Total liabilities 1042409841.38 1619708494.28
Net assets 1665226391.13 1677429372.23
Monetary capital 703922454.32 1012942310.01
Project 2020 January September 2021
Net cash flow from operating activities 95909480.97 451140246.50
(II) rationality and necessity of cash management
The company's use of idle self owned funds for cash management is carried out under the premise of complying with national laws and regulations and ensuring that it does not affect the company's daily operation and capital safety, which will not affect the company's daily capital turnover needs and the normal development of the company's main business. The company uses its own idle funds for cash management, which is conducive to improving the efficiency of fund use and obtaining corresponding investment income. It is a reasonable business means and can seek more investment returns for the company and shareholders.
(III) impact on the company
The overall risk of the company's investment object is controllable and the company
