Securities code: 000570, 200570 securities abbreviation: Su Changchai a, Su Changchai B Announcement No.: 2022-007 Changchai Company Limited(000570)
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 without false records, misleading statements or major omissions.
Changchai Company Limited(000570) (hereinafter referred to as “the company”) held the fourth interim meeting of the board of directors in 2021 and the second interim meeting of the board of supervisors in 2021 on July 13, 2021, deliberated and adopted the proposal on using idle raised funds to purchase financial products, and agreed that the company and its wholly-owned subsidiaries, on the premise of ensuring the normal progress of investment projects with raised funds and not affecting the use of raised funds, Use the idle raised funds of no more than 350 million yuan to purchase financial products for cash management, and authorize the company’s management to implement relevant matters. The above financial management limit of RMB 350 million can be used on a rolling basis, and the authorization period is valid within 12 months from the date of deliberation and approval by the board of directors. The board of supervisors, independent directors and recommendation institutions of the company all expressed their consent. For details, see the announcement on using idle raised funds to purchase financial products (Announcement No.: 2021-043) disclosed by the company on cninfo.com on July 15, 2021.
1、 Main information of using idle raised funds to purchase financial products this time
On February 21, 2022, the company purchased China Everbright Bank Company Limited Co.Ltd(601818) (hereinafter referred to as ” China Everbright Bank Company Limited Co.Ltd(601818) “) structured deposit RMB financial products with idle raised funds of 50 million yuan. The relevant information is announced as follows:
1. Product Name: customized phase II product of corporate structured deposits linked to exchange rate in 2022 131 2. Product type: Principal Guaranteed floating income type
3. Product life: 90 days
4. Expected annualized yield: 1.7% to 3.5%
5. Value date of product income: February 21, 2022
6. Product revenue maturity date: May 21, 2022
7. Total subscription capital: 50 million yuan
8. Source of subscription funds: idle raised funds
9. The company has no relationship with China Everbright Bank Company Limited Co.Ltd(601818)
2、 Approval procedures to be performed
On July 13, 2021, the company held the fourth interim meeting of the board of directors in 2021 and the second interim meeting of the board of supervisors in 2021, deliberated and adopted the proposal on using idle raised funds to purchase financial products, and agreed that the company and its wholly-owned subsidiaries, on the premise of ensuring the normal progress of investment projects with raised funds and not affecting the use of raised funds, Use the idle raised funds of no more than 350 million yuan to purchase financial products for cash management, and authorize the company’s management to implement relevant matters. The above financial management limit of RMB 350 million can be used on a rolling basis, and the authorization period is valid within 12 months from the date of deliberation and approval by the board of directors. The board of supervisors, independent directors and recommendation institutions of the company all expressed their consent. 3、 Product risk tips
(1) The above bank financial products have low risk, but changes in national macro policies and relevant market regulations and policies, interest rate fluctuations or drastic market fluctuations will have an impact on the products. (2) Operational risks of relevant staff.
4、 Risk control measures
(1) The board of directors authorizes the finance department to be responsible for specific handling matters. The finance department is responsible for the content review and risk assessment of the financial product business according to the company’s financial status, cash flow status and interest rate changes. Once it is found that there are risk factors that may affect the company’s capital security, it will take preservation measures in time to control the investment risk.
(2) The Audit Department of the company shall supervise and audit the use and custody of idle raised funds and evaluate the possible risks.
(3) The independent directors and the board of supervisors shall supervise and inspect the use of the raised funds, and may hire professional institutions to audit when necessary.
(4) The company will timely perform the disclosure obligations in accordance with the relevant provisions of Shenzhen Stock Exchange. (5) After the expiration of the financial products, they will be transferred to the raising fund specified in the tripartite supervision agreement
The special fund account shall be managed and the recommendation institution shall be notified.
5、 Impact on Listed Companies
1. The company’s use of some idle raised funds to purchase bank financial products is to ensure that the company
If it is carried out on the premise that the funds required for the raised investment project are safe, it will not affect the normal construction of the company’s raised investment project
It is assumed that there is no behavior of changing the purpose of the raised funds in a disguised form.
2. Through appropriate principal guaranteed short-term financial management, we can obtain certain investment income and raise
Improve the management and use efficiency of raised funds and seek more return on investment for the company’s shareholders.
6、 Use of idle raised funds for cash management within 12 months before the announcement
Sequence subscription amount of contracted products initial maturity product term (expected) maturity redemption product name annualized income (10000 yuan) No. bank type (10000 yuan) date (day) rate principal income
2022 link
Everbright’s exchange rate fluctuates from 1.7% to 1.7% in May 2022
1. Fixed income type of bank structured deposit, March 21, 5000, March 21, 90 3.5% / / system, phase II production
Item 131
Industrial and Commercial Bank of China
Bank linked exchange rate
Interval cumulative type
2 industrial and commercial legal person RMB breakeven floating 8500 February 2022 may 88 1.05% to / / bank structured deposit income 3.60% on June 18 and 17
Product – special house type
070 of 2022
Installment n
Industrial and Commercial Bank of China
Bank linked exchange rate
Interval cumulative type
Industrial and commercial legal person RMB breakeven floating 10000 2021 March 146 1.30% to / / 3 bank structured deposit income type November 2 November 28 3.60%
Product – special house type
321st of 2021
Installment n
Industrial and Commercial Bank of China
Bank linked exchange rate
Cumulative breakeven floating in industrial and commercial sectors 2021-2022
4 bank legal person RMB income type 7000 November 5 February 8 95 3.58% 7000 65.22 structured deposits
House type – products
326th of 2021
Installment n
Bank Of Communications Co.Ltd(601328) Yun
Jiaotong fortune regular breakeven floating 2021 2022
5 bank structured deposit income 4000 August 2 January 28 179 1.35% 4000 26.48 179 days (linked)
(bullish exchange rate)
Donghai securities dragon principal guarantee
Donghai profit certificate type 6 Income Certificate 5000 2021 2022 180 3.85% 5000 94.936 monthly customized securities certificate July 29 January 25
Issue 13
Industrial and Commercial Bank of China
Bank linked exchange rate
Interval cumulative type
7 industrial and commercial legal person RMB breakeven floating 10000 2021 2021 92 3.15% 10000 79.44 bank structured deposit income type July 29 October 29
Product – special house type
No. 214 of 2021
Installment Q
2021 link
Everbright exchange rate floating against public settlement and guaranteed principal 2021
8 bank structured deposit fixed income type 10000 July 27 October 27 92 3.75% 10000 93.75 phase VII production
Item 469
The maximum daily investment amount of idle raised funds in the last 12 months (10000 yuan) is 29000 yuan
Maximum daily investment amount of idle raised funds in the last 12 months / 12.76% of net assets in the last year
Accumulated income from entrusted financial management using idle raised funds in the last 12 months / net profit of the last year 6.86%
At present, the amount of idle raised funds used for financial management (10000 yuan) is 23500
Unused idle raised fund financing limit (10000 yuan) 11500
Total financing limit of idle raised funds (10000 yuan) 35000
7、 Documents for future reference
Business vouchers related to cash management this time.
It is hereby announced.
Changchai Company Limited(000570)
Board of directors
February 22, 2022
