Stock Code: 002772 stock abbreviation: Tianshui Zhongxing Bio-Technology Co.Ltd(002772) Announcement No.: 2022-013 bond Code: 128026 bond abbreviation: Zhongxing convertible bonds
Tianshui Zhongxing Bio-Technology Co.Ltd(002772)
Announcement on the progress of using some idle self owned funds for entrusted financial management
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.
Tianshui Zhongxing Bio-Technology Co.Ltd(002772) (hereinafter referred to as “the company”) held the 36th meeting of the third board of directors, the 22nd Meeting of the third board of supervisors on March 25, 2021 and the 2020 annual general meeting of shareholders on April 16, 2021, deliberated and adopted the proposal on using some idle self owned funds for entrusted financial management, It is agreed that the company (including subsidiaries) will use no more than 120 million yuan of idle self owned funds (including the amount of entrusted financial products that are not due at the time of deliberation) for entrusted financial management without affecting the normal operation and capital safety. The investment period is within 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the limit and validity period, the funds can be used on a rolling basis, and the amount of entrusted financial management (including the relevant amount of reinvestment of the income of the above investment) at any point in the term shall not exceed 120 million yuan. The independent directors of the company expressed their consent. For details, please refer to securities times, Shanghai Securities News and cninfo.com, the information disclosure media designated by the company on March 26, 2021（ http://www.cn.info.com.cn. ）。
1、 The use of idle self owned funds for entrusted financial management this time
According to the above meeting, on February 17, 2022, the company used some idle self owned funds to subscribe entrusted financial products from Bank Of Communications Co.Ltd(601328) Tianshui branch and Guotai Junan Securities Co.Ltd(601211) Futures Co., Ltd. respectively. The details are as follows:
(I) bank financial products subscribed in this period
1. Product Name: Bank Of Communications Co.Ltd(601328) Yuntong wealth time structured deposit 99 days
2. Product nature: Principal Guaranteed floating income type
3. Subscription amount: RMB 140 million
4. Product establishment date: February 21, 2022
5. Product expiration date: May 31, 2022
6. Product life: 99 days
7. Reference annualized benchmark rate of return: 1.35% – 2.85%
8. Related risks: This product may have policy risk, market risk, credit risk, liquidity risk, product early termination risk, product non establishment risk, information transmission risk, force majeure and accident risk, etc.
9. Description of association relationship: the company has no association relationship with Bank Of Communications Co.Ltd(601328) .
(II) asset management plan subscribed in this period
1. Product Name: Guotai Junan Securities Co.Ltd(601211) futures tianjubao dingkai bond No. 23 6-month collective asset management plan
2. Product category: fixed income asset management plan
3. Subscription amount: 50 million yuan
4. Asset Manager: Guotai Junan Securities Co.Ltd(601211) Futures Co., Ltd
5. Mode of operation: the opposite day of every six months from the date of establishment of the asset management plan (non trading day will be postponed to the next trading day) is the open day of the plan, and the application for participation and withdrawal of the plan shares can be made on the open day. 6. Investment scope: bonds traded and circulated in the inter-bank market, various debt financing instruments registered and issued by the inter-bank market dealers association, asset securitization securities traded and circulated in the inter-bank market, bond lending traded and circulated in the inter-bank market, bond lending traded and circulated in the Shanghai and Shenzhen exchanges, bonds listed and traded in the Shanghai and Shenzhen exchanges, approved by the CSRC or the exchange Other fixed income securities, perpetual bonds, convertible bonds, etc. approved or filed for issuance and circulating in the exchange; Money market instruments and deposit instruments; Fixed income public funds.
7. Investment proportion: fixed income assets and cash assets account for 80% – 100% of the total planned assets. 8. Investment risk: there may be general and special risks in the plan. General risk refers to market risk, principal loss risk, management risk, liquidity risk, credit risk, raising failure risk, investment target risk, related party transaction risk, operational or technical risk, tax risk, product net value lower than the stop loss line, commodity futures investment risk and other force majeure risks. Special risks refer to the risks involved in the inconsistency between the asset management contract and the contract guidelines of the securities investment fund industry association, the risks involved in the entrusted raising of the asset management plan, the risks involved in the outsourcing of the asset management plan, the risks involved in the employment of investment consultants in the asset management plan, the risks involved in the transfer of share of the asset management plan The risks involved in the failure to complete the filing procedures or failure to file the asset management plan with the securities investment fund industry association, the investment strategy and investment object adopted by the plan may cause the income of the plan to fail to meet the investment objectives or the loss of principal, and the plan may be terminated in advance The risk of early warning stop loss mechanism and the risk that the unit net value of planned reference share is inconsistent with the planned unit net value.
9. Description of related relationship: the company has no related relationship with Guotai Junan Securities Co.Ltd(601211) Futures Co., Ltd.
2、 Investment risk analysis and risk control measures
(I) risk analysis of entrusted financial management
The bank financial products subscribed by the company this time are capital guaranteed floating income type, which may have policy risk, market risk, credit risk, liquidity risk, product early termination risk, product non establishment risk, information transmission risk, force majeure and accident risk.
The asset management plan product subscribed by the company this time is a fixed income asset management plan, which may face market risk, principal loss risk, management risk, liquidity risk, credit risk, raising failure risk, investment target risk, operation or technology risk, tax risk, and the risk that the net value of the product is lower than the stop loss line, General risks such as the risk of commodity futures investment and other force majeure risks may also face some special risks involved in the product itself.
(II) risk prevention and control measures of the company
1. The company will strictly abide by the principle of prudent investment, operate the investment amount in strict accordance with the amount approved by the general meeting of shareholders, and implement it in strict accordance with relevant laws and regulations, normative documents and relevant provisions of the company’s entrusted financial management system;
2. The financial department of the company will continue to pay attention to tracking and supervising the implementation progress of entrusted financial activities and implement various risk control measures;
3. The internal audit department of the company is responsible for reviewing the approval, actual handling, fund use, profit and loss of financial management business, and auditing and supervising the entrusted financial management projects;
4. Independent directors have the right to verify the company’s financial management business. If necessary, two or more independent directors have the right to hire an independent external audit institution to conduct a special audit of the entrusted financial management funds;
5. The board of supervisors has the right to inspect and supervise the use of funds on a regular or irregular basis.
3、 Impact on the company
The company’s use of some idle self owned funds for entrusted financial management is implemented on the premise of ensuring the company’s daily operation and capital safety, which does not affect the needs of the company’s daily operation and normal capital turnover. Moreover, the company’s appropriate entrusted financial management is conducive to improving the use efficiency and income of idle self owned funds and seeking more return on investment for the company’s shareholders.
4、 Entrusted financial products subscribed within 12 months before the date of this announcement that have not yet expired
1. On March 25, 2021, the company subscribed for the product of “Shuoquan No. 5 private securities investment fund” of RMB 100 million. The progress announcement on using some idle self owned funds for entrusted financial management (Announcement No.: 2021-034) is detailed in the information disclosure media designated by the company, securities times, Shanghai Securities News and cninfo.com（ http://www.cn.info.com.cn. ）。
2. On May 6, 2021, the company subscribed for the product of “shanyuanjin No. 206 private securities investment fund” of RMB 100 million. The progress announcement on using some idle self owned funds for entrusted financial management (Announcement No.: 2021-054) is detailed in the information disclosure media designated by the company, securities times, Shanghai Securities News and cninfo.com（ http://www.cn.info.com.cn. ）。
3. On November 22, 2021, the company subscribed 50 million yuan of “securities jinyuanbao No. 9 collective asset management plan” products. The progress announcement on using some idle self owned funds for entrusted financial management (Announcement No.: 2021-122) is detailed in the information disclosure media designated by the company, securities times, Shanghai Securities News and cninfo.com（ http://www.cn.info.com.cn. ）。
4. On February 17, 2022, the company subscribed for the product of ” Bank Of Communications Co.Ltd(601328) Yuntong wealth fixed term structured deposit for 99 days” of RMB 140 million.
5. On February 17, 2022, the company subscribed 50 million yuan of Guotai Junan Securities Co.Ltd(601211) Futures Co., Ltd. ” Guotai Junan Securities Co.Ltd(601211) futures tianjubao dingkai bond No. 23 6-month collective asset management plan”.
As of the date of this announcement, the amount of products held by the company for entrusted financial management with idle self owned funds is 440 million yuan (including this time).
It is hereby announced
Tianshui Zhongxing Bio-Technology Co.Ltd(002772) board of directors February 17, 2022
