Securities code: 002315 securities abbreviation: Focus Technology Co.Ltd(002315) Announcement No.: 2022-005
Focus Technology Co.Ltd(002315)
Announcement on Authorizing the use of self owned idle funds for investment and 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.
At the 12th meeting of the 5th board of directors held on January 29, 2021, the company deliberated and approved the proposal on Authorizing the use of its own idle funds for investment and financial management, and agreed that the company would use its own idle funds of no more than 500 million yuan of the company and its wholly-owned and holding subsidiaries for investment and financial management on the basis of ensuring normal operation and capital safety, The term of validity is one year from the date of authorization by the board of directors (January 29, 2021).
Now the original authorization has expired. In order to improve the efficiency of fund use and ensure the continuity of fund use, the company and its wholly-owned and holding subsidiaries plan to continue to use their own idle funds of no more than 500 million yuan for investment and wealth management. Details are as follows: I. investment overview
1. Investment purpose
In order to improve the use efficiency of funds and make rational use of idle funds, the company and its wholly-owned and holding subsidiaries intend to use their own idle funds for investment and financial management without affecting the normal operation of the company and its wholly-owned and holding subsidiaries. 2. Investment quota
The company and its wholly-owned and holding subsidiaries intend to use their own idle funds of no more than 500 million yuan for investment and financial management. Within the above limit, the funds can be used on a rolling basis.
3. Investment varieties
Treasury bonds, central bank bills and financial bonds, as well as fixed income products such as high credit grade and guaranteed short-term margin trading, medium-term bills, corporate bonds and corporate bonds, principal guaranteed financial products issued by banks or other financial institutions, money market fund investment, or interbank deposits, financial bonds, treasury bonds and high credit grade corporate bonds As the target market of high-yield monetary funds and financial instruments.
The risk of the above investment varieties is low, and the income is higher than the bank deposit interest rate in the same period, which is the premise for the company to control the risk
Securities code: 002315 securities abbreviation: Focus Technology Co.Ltd(002315) Announcement No.: 2022-005
It is an important financial means to improve the use efficiency of self owned idle funds.
4. Investment period
It is valid for one year from the date of deliberation and approval by the board of directors, and this limit can be recycled within this period.
5. Source of funds
The sources of funds are legal and compliant, all of which are the self owned idle funds of the company and its wholly-owned and holding subsidiaries, and do not invest directly or indirectly with raised funds and bank credit funds.
6. Implementation mode
The company requests the authorization of the board of directors: the financial department of the company shall come up with the investment plan, which shall be reviewed by the chief financial officer and reported to the general manager for approval. 2、 Investment risk analysis and risk control measures
1. Investment risk
(1) It is mainly affected by changes in macro policies such as monetary policy, fiscal policy, industrial policy and relevant laws, regulations and policies, and there are certain systemic risks.
(2) Operational errors of relevant staff may lead to relevant risks.
2. For investment risks, the proposed measures are as follows:
(1) Strictly select investment objects and select products issued by companies with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability.
(2) The company will analyze and track the net value change of products in real time. If the assessment finds that there are risk factors that may affect the company's capital safety, the company will take corresponding measures in time to control the investment risk.
(3) Independent directors and the board of supervisors have the right to supervise and inspect the use of funds. The Audit Department of the company shall evaluate the possible risks and benefits of various investments according to the principle of prudence and report to the audit committee of the board of directors.
(4) The board of directors of the company is responsible for timely performing the obligation of information disclosure in accordance with the relevant provisions of the China Securities Regulatory Commission and Shenzhen Stock Exchange, and disclosing various investments and profits and losses in detail in regular reports.
Securities code: 002315 securities abbreviation: Focus Technology Co.Ltd(002315) Announcement No.: 2022-005
3、 Impact on the daily operation of the company
1. The company adheres to the principle of "standardized operation, risk prevention, prudent investment, value preservation and appreciation". On the premise of ensuring the daily operation and capital safety of the company and its wholly-owned and holding subsidiaries, the investment and financial management with a capital of no more than 500 million yuan will not affect the normal development of the company's main business.
2. Choosing products with strong liquidity and fixed income for investment and financial management can effectively improve the efficiency of capital use and obtain certain investment benefits, so as to improve the overall performance level of the company and seek more investment returns for the shareholders of the company. 4、 Opinions of independent directors and board of supervisors
1. Opinions of independent directors
The company and its wholly-owned and holding subsidiaries use their own idle funds of no more than 500 million yuan for investment and financial management, which is conducive to further improve the company's cash management ability and capital use efficiency, enrich the investment types and investment channels of investment products, and is an important financial management means for the company to improve the efficiency of capital use under the premise of controllable risk, There will be no adverse impact on the company's operation, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. We agree to authorize the company and its wholly-owned and holding subsidiaries to use their own idle funds of no more than 500 million yuan for investment and wealth management.
2. Opinions of the board of supervisors
After deliberation, the board of supervisors held that the company and its wholly-owned and holding subsidiaries used their own idle funds for investment and financial management and fulfilled the necessary approval procedures. At present, on the premise of ensuring the daily operation and R & D needs of the company and its wholly-owned and holding subsidiaries, the use of its own idle funds for investment and financial management is conducive to improving the use efficiency and income of the company's funds, and there is no damage to the interests of the company and minority shareholders. Therefore, the board of supervisors agreed that the company and its wholly-owned and holding subsidiaries use their own idle funds of no more than 500 million yuan for low-risk investment and wealth management. 5、 Documents for future reference
1. Resolutions of the 20th meeting of the 5th board of directors;
2. Resolutions of the 16th meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on relevant matters.
Securities code: 002315 securities abbreviation: Focus Technology Co.Ltd(002315) Announcement No.: 2022-005
It is hereby announced!
Focus Technology Co.Ltd(002315) board of directors
February 18, 2022
