Focus Technology Co.Ltd(002315)
Announcement on the progress of using idle raised funds to purchase financial products
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete
There are no false records, misleading statements or major omissions.
Focus Technology Co.Ltd(002315) (hereinafter referred to as "the company") was reviewed at the 13th meeting of the 5th board of directors
The proposal on Authorizing the use of some over raised funds to purchase financial products was passed, and it was agreed to authorize the company to
When purchasing financial products with idle over raised funds, the amount of funds used shall not exceed 200 million yuan
Funds can be used on a rolling basis. In order to control risks, the funds within the above limit can only buy short-term principal guaranteed financial management
Product, the authorization period is up to March 19, 2022.
According to the above-mentioned resolutions, the company is now the most likely to use idle raised funds to purchase financial products in the second half of 2021
The new progress is announced as follows. At the same time, the company carries out the following decision-making and approval procedures and specific operations for investment and financial management
Comply with national laws and regulations and the company's system, legal and effective.
Name of entrusted financial management product name of expected return on principal date of actual return on principal period
Suzhou bank structure September 2021 and January 2022 guaranteed principal floating 1.70% or 3.35%
Nanjing Branch deposit of RMB 40 million or 3.45% and 3.35% of branch funds on June 16 and 17
Bank of communications structure: 1.35% or 3.20% Principal Guaranteed floating in November 2021 and February 2022
Bank of Jiangsu deposit 50 million yuan, month 29 month 28 type 50 million yuan or 3.40% of the outstanding provincial branch funds Nanjing bank structure
Xingjiangbei deposit 30 million yuan in November 2021 and 2 guaranteed floating 30 million yuan in November 2022, 1.65% or 3.25% or 3.55% of the New District sub payment month 2, month 9 or 3.55%
that 's ok
1、 Main contents of financial products
1. Bank Of Suzhou Co.Ltd(002966) structural deposit of Nanjing Branch
(1) Calculation method of deposit income
Target: exchange rate of euro against US dollar (Bloomberg bfix page)
Due payment interest = principal × Annual interest rate × Deposit period (year month day)
During the observation period:
If the fixed price of EUR / USD spot exchange rate on the exchange rate observation date is higher than the initial exchange rate + 770bp, the interest rate level = 3.45%;
If the fixed price of EUR / USD spot exchange rate on the exchange rate observation date is not lower than the exchange rate of 0.85 and not higher than the initial exchange rate + 770bp, the interest rate level = 3.35%;
If the fixed price of EUR / USD spot exchange rate on the exchange rate observation date is lower than the exchange rate of 0.85, the interest rate level = 1.70%; Initial spot exchange rate of EUR / USD: the central parity data of EUR / USD at 9:00 Tokyo time on the value date; Fixed price of EUR / USD spot exchange rate observation day: the EUR / USD middle price data at 15:00 Tokyo time on the third exchange rate observation working day before the maturity date. The initial exchange rate and the fixed price shall be rounded to four decimal places. When the Bloomberg bfix interface is unreadable, the exchange rate shall be determined by Bank Of Suzhou Co.Ltd(002966) in a commercially reasonable manner and in accordance with the principle of fairness and reasonableness. If the day is not the bfix publication day, the exchange rate of the previous bfix publication day shall be used, 1bp = 1 / 10000.
(2) Early termination clause: the company cannot terminate in advance, and the bank has the right to terminate in advance.
(3) Risk tips:
Policy risk: This product is only designed for the current relevant regulations and policies. If the national macro policies and relevant market regulations and policies change, it may affect the normal process of acceptance, investment and repayment of the product, resulting in the reduction or inability to obtain the income of the product.
Credit risk: the current product is mainly invested in financial products with high credit level and good liquidity in the Bank Of China Limited(601988) market, including but not limited to bank deposits, money market products, treasury bonds, financial bonds, central bank bills, bank acceptance bills, commercial bills, high credit grade credit bonds (corporate bonds, medium-term notes, corporate bonds, short-term financing bonds) Debt market instruments, interbank market products or other financial products permitted by regulatory policies. Customers face credit default of the users and bond issuers involved in the assets or portfolio they invest in. If the above situation occurs, the customer will face the risk of loss of investment income.
Liquidity risk: This product adopts the term structure design of one-time payment at maturity, and the customer has no right to terminate in advance. If the customer has liquidity demand during the duration of the product, it may face liquidity risk that the product cannot be realized with the elbow, and the holding period does not match the capital demand date.
Market risk: due to the inherent volatility of the financial market, customers investing in this product will face certain market risks. During the duration of the product, if the investment income of bank deposits and other investment market assets fluctuates, the customer faces the opportunity cost risk of capital allocation deposits and other investment market asset allocation.
Force majeure risk; It refers to the occurrence of force majeure factors such as natural disasters and wars, which will seriously affect the normal operation of the financial market, may affect the normal process of product acceptance, investment and repayment, and even lead to the reduction of the income of the product and even the loss of principal. The customer shall bear any loss caused by the risk of force majeure and Bank Of Suzhou Co.Ltd(002966) shall not be liable for it.
2. Bank Of Communications Co.Ltd(601328) structural deposit of Jiangsu Branch
(1) Calculation method of deposit income:
Target: au99 of Shanghai Gold Exchange 99 contract closing price (subject to the data published on the official website of Shanghai Gold Exchange)
Income = principal × Actual rate of return (annualized) × Actual product term ÷ 365
If the closing price of the linked object on the observation day is higher than the high exercise price (423.00 yuan / g), the actual annualized rate of return obtained by the customer throughout the duration is high-grade rate of return (3.40%).
If the closing price of the linked object on the observation day is lower than or equal to the high exercise price (423.00 yuan / g) and higher than or equal to the low exercise price (336.00 yuan / g), the actual annualized rate of return obtained by the customer throughout the duration is the medium-sized rate of return (3.20%).
If the closing price of the linked object on the observation day is lower than the low exercise price (336.00 yuan / g), the actual annualized rate of return obtained by the customer throughout the duration is the low-grade rate of return (1.35%).
The income obtained by investors shall be subject to the calculation and actual payment by the bank in accordance with the product agreement, and such income shall not exceed the income calculated according to the annual yield of the product agreed in the product agreement.
(2) Early termination clause: the company cannot terminate in advance, and the bank has the right to terminate in advance.
(3) Risk tips
Policy risk: This product is designed according to current relevant regulations and policies. If the national macro policies and relevant market regulations and policies change, it may affect the normal process of product acceptance, investment, repayment and so on.
Market risk: the duration of this product may involve interest rate risk, the corresponding exchange rate of the linked object, commodities and other market risks, resulting in the fluctuation of the actual income of structured deposits.
Credit risk: Bank Of Communications Co.Ltd(601328) the occurrence of credit risk, such as being revoked or applied for bankruptcy according to law, will have an impact on the subscription funds and income of this structured deposit product.
Liquidity risk: during the duration of the product, investors have no right to terminate in advance. If investors have liquidity demand, they may face liquidity risk that the product cannot be realized at any time and the holding period does not match the capital demand date. Risk of early termination of the product: during the term of the product, if the bank terminates the product in advance, the investor may face the risk of failing to obtain the expected return according to the expected holding period of the product (if any). Force majeure and accident risk: due to force majeure and / or changes in national policies, it system failure, communication system failure, power system failure, financial crisis, suspension of trading in the investment market and other reasons beyond the control of the bank, it may have an impact on the product establishment, investment operation, capital return, information disclosure and announcement of the product, It may lead to the reduction of product revenue and even the loss of products. The investor shall bear the losses caused by force majeure and the risk of accidents, and the bank shall not be liable for them.
3. Bank Of Nanjing Co.Ltd(601009) structural deposit of Jiangbei new area branch
(1) Calculation method of deposit income:
Target: spot exchange rate of euro against US dollar (the central parity rate of euro against US dollar published on Bloomberg's "bfix EURUSD" page at 3:00 p.m. Tokyo time on the observation day. If there is no relevant data on Bloomberg's "bfix EURUSD" page on a certain day, Bank Of Nanjing Co.Ltd(601009) will be determined with a fair attitude and rational business method)
Product income = investment principal × R × Product life ÷ 360360 days / year
R is the actual annualized rate of return when the product expires
If the linked target on the observation day is greater than the observation level 1, R is 1.65% (expected minimum rate of return);
If the target of observation day is greater than observation level 2 and less than or equal to observation level 1, R is 3.25%; If the linked object on the observation day is less than or equal to the observation level 2, R is 3.55% (expected maximum rate of return) (2) early termination clause: the company cannot terminate in advance, and the bank has the right to terminate in advance.
(3) Risk tips
Policy risk: this structured deposit product is designed in accordance with current relevant regulations and policies. If the national macro policies and relevant market regulations and policies change, it may affect the normal process of product acceptance, investment, cashing and so on.
Credit risk: Bank Of Nanjing Co.Ltd(601009) the occurrence of credit risk, such as being revoked or applied for bankruptcy according to law, will have an impact on the subscription funds and income of this structured deposit product.
Liquidity risk: unless otherwise agreed in the sales documents of this product, the customer shall not terminate the product in advance during the duration of this product, that is, the customer cannot access the principal and income of this structured deposit before the maturity date of the product. The customer shall fully consider the liquidity risk brought by investing in this product to its own production and operation.
Risk of early termination: during the duration of the structured deposit, Bank Of Nanjing Co.Ltd(601009) has the right to terminate the structured deposit product in advance according to the market conditions and its own conditions in case of severe market fluctuations, major adjustments in national financial policies, force majeure and other reasons affecting the normal operation of the structured deposit, and the customer must consider the risk that the expected income cannot be obtained when the product is terminated in advance.
Force majeure and accident risk: the relevant investment risks caused by force majeure or national policy changes, it system failure, communication system failure, power system failure, financial crisis, suspension of trading in the investment market and other reasons beyond Bank Of Nanjing Co.Ltd(601009) control shall be borne by the customer. 2、 Relevant description
1. The company has no relationship with Bank Of Suzhou Co.Ltd(002966) , Bank Of Communications Co.Ltd(601328) , Bank Of Nanjing Co.Ltd(601009) .
2. Countermeasures:
(1) The company will timely analyze and track the investment direction of financial products and project progress. Once it is found 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.
(2) The internal audit department of the company is responsible for auditing and supervising the use and custody of financial funds. (3) Independent directors shall inspect the use of funds.
(4) The board of supervisors of the company shall supervise and inspect the use of financial management funds.
(5) The company will disclose the purchase and profit and loss of financial products during the reporting period in the regular report in accordance with the relevant provisions of Shenzhen Stock Exchange. 3、 Impact on the daily operation of the company
Based on the principle of "standardized operation, risk prevention, prudent investment, value preservation and appreciation", the company uses idle raised funds to purchase principal guaranteed financial products on the premise of ensuring the daily operation and capital safety of the company, which will not affect the normal development of the company's main business; Moreover, the yield of principal guaranteed financial products is generally higher than that of demand deposits, which is conducive to improving the use efficiency of the company's own funds, obtaining a good return on investment, further improving the overall performance level of the company and protecting the interests of shareholders. 4、 Documents for future reference
The product agreement signed by the company for purchasing financial products, etc.
It is hereby announced!
Focus Technology Co.Ltd(002315) board of directors
February 18, 2022
