Securities code: 300349 securities abbreviation: Goldcard Smart Group Co.Ltd(300349) Announcement No.: 2022-006 Goldcard Smart Group Co.Ltd(300349)
Announcement on using idle self owned funds for cash management
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
The second meeting of the Fifth Board of directors of Goldcard Smart Group Co.Ltd(300349) (hereinafter referred to as “the company”) deliberated and adopted the proposal on cash management with idle self owned funds. In order to make rational use of idle self owned funds, improve the use efficiency of the company’s funds and increase the company’s capital income, the company plans to carry out cash management within the amount of no more than RMB 2 billion in 2022. The main contents are as follows:
1、 Overview of cash management
1. Purpose of cash management
The company plans to use some idle self owned funds for cash management without affecting the normal operation of the company, so as to improve the efficiency of the use of funds and obtain certain investment income.
2. Cash management limit, capital source and validity period
The company plans to use no more than 2 billion yuan of idle self owned funds for cash management. The source of funds is the company’s temporary idle self owned funds. The above amount shall be used in a rolling manner within 12 months from the date of deliberation and approval by the general meeting of shareholders, and the amount of investment and financial management at any time shall not exceed 2 billion yuan.
3. Investment varieties of cash management
The company will strictly control risks and strictly evaluate investment products in accordance with relevant regulations for the purchase of medium and low-risk financial products with high safety, good liquidity and controllable risks.
4. Decision making procedures and implementation methods
This matter has been deliberated and approved at the second meeting of the Fifth Board of directors and the board of supervisors of the company, and this matter needs to be submitted to the general meeting of shareholders of the company for deliberation; The board of directors of the company requests the general meeting of shareholders to authorize the management to exercise the decision-making power of investment within the validity period of investment decision-making and sign relevant contract and agreement documents. The financial department of the company is responsible for organizing the specific implementation and management.
5. Previous cash management
In 2021, the company used its own funds for cash management, with a cumulative amount of 768.89 million yuan and an investment income of 24.2699 million yuan.
6. The company has no affiliated relationship with the financial institutions providing cash management products, and this investment does not constitute a connected transaction, nor does it constitute a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies. 2、 Investment risk analysis and risk control measures
1. Investment risk
(1) Although the risk level of the company’s investment varieties for cash management is low, the financial market is greatly affected by the macroeconomic situation and monetary policy. It is not excluded that the investment is affected by market fluctuations.
(2) Operational risk and moral hazard of relevant staff.
2. Risk control measures
(1) The company will strictly abide by the principle of prudent investment, select investment products issued by financial institutions with good reputation, strict risk control measures and the ability to ensure capital safety, and strive to improve returns within a safe and controllable range.
(2) The finance department, audit department and legal department of the company have carried out pre -, in – and post inspection on the company’s purchase of cash management products according to their responsibilities, and established good risk control measures.
(3) The independent directors and the board of supervisors of the company have the right to supervise and inspect the investment products, and can hire professional institutions to audit when necessary.
(4) The company will disclose the investment and profit and loss of cash management products in regular reports in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Opinions of the board of supervisors
This application of the company to continue to use idle self owned funds for investment and financial management comprehensively considers the actual situation of the company and the company’s previous management experience in investment and financial management, will not affect the normal operation and capital safety of the company, is conducive to revitalizing idle self owned funds and maximizing capital income on the premise of controllable risk, which is in line with the interests of the company and all shareholders. We agree to continue to use idle self owned funds for investment and financial management this time.
4、 Opinions of independent directors
Without affecting the company’s daily working capital needs, the company uses its own funds for cash management, which is conducive to improving the use efficiency of its own funds and obtaining more return on investment for the company and shareholders. The decision-making procedures of the company’s cash management this time comply with the requirements of relevant laws, regulations and rules such as the Listing Rules of gem shares of Shenzhen Stock Exchange and the standardized operation of GEM listed companies, and are in line with the interests of the company and all shareholders. There is no situation that damages the interests of shareholders, especially small and medium-sized shareholders.
5、 Impact on the company
The company uses some idle self owned funds for cash management on the premise of ensuring the normal production and operation of the company and ensuring the safety of funds. It will not affect the daily capital turnover of the company and the normal development of the company’s main business, which is conducive to improving the efficiency of capital use and obtaining more return on investment for the company and its shareholders. 6、 Documents for future reference
1. Resolutions of the second meeting of the 5th board of directors;
2. Resolutions of the second meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on matters related to the second meeting of the Fifth Board of directors.
It is hereby announced.
Board of directors February 19, 2002
