Securities Announcement No.: 6058-605007 {338}
Announcement on the progress of cash management with temporarily idle raised funds
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● entrusted financial trustee: Shanghai Songjiang sub branch of Guangdong Development Bank Co., Ltd. (hereinafter referred to as “Songjiang sub branch of Guangdong Development Bank“)
● the entrusted financial management amount, product name and financial management period
Serial number product name entrusted amount (10000 yuan) term
1 fixed deposit 5000.00 3 months
● review procedures for implementation
Zhongyin Babi Food Co.Ltd(605338) (hereinafter referred to as “the company”) held the 11th meeting of the second board of directors and the 10th meeting of the second board of supervisors on October 28, 2021, deliberated and approved the proposal on continuing to use part of the temporarily idle raised funds for cash management, and agreed that the company should use the temporarily idle raised funds of no more than 368 million yuan for cash management, It is used to purchase financial products with high investment security, good liquidity and low risk. The service life is 12 months from the date of deliberation and approval by the board of directors. Within the above quota and period, it can be recycled and rolled. The independent directors, the board of supervisors and the recommendation institution of the company respectively expressed their consent to the above proposal. For details, please refer to Zhongyin Babi Food Co.Ltd(605338) announcement on continuing to use some temporarily idle raised funds for cash management (Announcement No.: 2021-045) disclosed by the company on October 29, 2021.
The company held the 12th meeting of the second board of directors and the 11th meeting of the second board of supervisors on December 23, 2021, and deliberated and adopted the proposal on adjusting the scope of issuers of investment products invested by using some temporarily idle raised funds for cash management, It is agreed to expand the issuing scope of investment products using part of the temporarily idle raised funds for cash management from Bank Of Ningbo Co.Ltd(002142) Suzhou Wuzhong sub branch to other financial institutions such as commercial banks. In addition, other matters originally considered remain unchanged and will cover the previous authorization after this authorization comes into effect. The independent directors, the board of supervisors and the recommendation institution of the company respectively expressed their consent to the above proposal. For details, please refer to the announcement of Zhongyin Babi Food Co.Ltd(605338) on adjusting the scope of issuers of investment products invested by using some temporarily idle raised funds for cash management (Announcement No.: 2021-055) disclosed by the company on December 24, 2021.
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management: to improve the efficiency of fund use, make rational use of idle funds and increase the company’s income. (II) source of funds
1. General information on the source of funds
Temporarily idle the raised funds.
2. Entrusted financial management with idle raised funds
Approved by the reply on approving Zhongyin Babi Food Co.Ltd(605338) initial public offering of shares (zjxk [2020] No. 2223) of China Securities Regulatory Commission, the company publicly issued 62 million RMB common shares (A shares) to the public at an issue price of RMB 12.72 per share. Raised funds
The total amount is RMB 788640000.00, deducting all issuance expenses
After 44592075.47 yuan, the net amount of funds actually raised was 744047924.53 yuan. All the above raised funds have been received and verified by Rongcheng Certified Public Accountants (special general partnership), and the capital verification report “Rongcheng Yan Zi [2020] No. 230z0189” has been issued. The company adopts a special account storage system for the raised funds.
As of February 24, 2022, the fund utilization of the company’s investment projects with raised funds is as follows:
Unit: 10000 yuan
No. project name raised funds plan to use the actual investment of raised funds
Scale amount
1 Zhongyin Babi Food Co.Ltd(605338) intelligent plant project 18000.00 14601.36
2 direct network construction project 500.00 8.89
3 brand promotion project 6000.00 2872.01
4 information construction project 600.00 243.36
5 e-commerce platform construction project 6524.79 261.83
6. Supplementary working capital project 15000.00 15000.00
7 Nanjing intelligent manufacturing center phase I project 27780.00 9747.61
Total 74404.79 42735.06
As of February 24, 2022, the balance of funds raised by the company was 331998100 yuan (including funds raised)
Net interest income and financial management income generated by the accumulation of funds).
(III) basic information of entrusted financial products
Whether the expected annualized product term income of the trustee’s product amount constitutes
Name type (10000 yuan) rate of return type related party transaction
Guangfa fixed deposit principal and fixed deposit
Bank Songjiang 5000.00 1.40% 3-month fixed income no
Sub branch category
(IV) the company’s internal control over risks related to entrusted financial management
1. The company will strictly abide by the principle of prudent investment, strictly screen investment objects, and choose investment products with high security, good liquidity and low risk (including but not limited to structural deposits, call deposits, large certificates of deposit, time deposits, low-risk financial products, etc.).
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. The financial department of the company must establish accounts to manage short-term cash management products, establish and improve complete accounting accounts, and do a good job in the accounting of the use of funds.
4. The Audit Department of the company shall conduct daily supervision on the use of funds and conduct comprehensive inspection on relevant investment products on a regular basis.
5. Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
On February 23, 2022, the company purchased Songjiang of Guangdong Development Bank with some temporarily idle raised funds
Sub branch 3-month fixed deposit
(1) Transaction date: February 23, 2022
(2) Product value date: February 23, 2022
(3) Product expiration date May 23, 2022
(4) Deposit principal: 50 million yuan
(5) Yield 1.40%
(6) Income type Principal Guaranteed Fixed Income
(7) Payment method transfer
(II) investment direction of entrusted financial management funds
It is a bank deposit and does not involve capital investment.
(III) risk control analysis
The company’s use of idle raised funds to purchase time deposits meets the requirements of high security, good liquidity and low-risk use conditions. There is no situation that affects the normal progress of investment projects with raised funds or damages the interests of shareholders.
The company will carry out relevant financial services in strict accordance with relevant laws and regulations such as the Listing Rules of Shanghai Stock Exchange, the articles of association and the requirements of the company’s internal control regulations, strengthen the analysis and research of relevant financial products and strictly control investment risks. During the financial management period, the company’s financial management center will maintain close contact with the bank, timely analyze and track the operation of financial products, strengthen risk control and supervision, and ensure the safety of funds.
3、 Information of entrusted financial management trustee
1. Guangfa Bank Co., Ltd., founded in 1988, is one of the first joint-stock commercial banks established in China. The basic information is as follows:
Whether the legal registered capital is the name, the time of establishment represents the main shareholders of the main business, and it is specially set up by the company
Absorbing public deposits; Issue short, medium and long term
Loans; Handle settlement outside China; Handle bill acceptance
And discount; Issuing financial bonds; Agent issuance and agency
Manage the cashing and underwriting of government bonds; Buying and selling government bonds
Securities, financial bonds and other securities; Engaged in interbank lending China Life Insurance Company Limited(601628)
Borrow; Provide letter of credit service and guarantee; Bank Insurance shares
Card business; Agent collection and payment and agent insurance Co., Ltd
Guangfa banking; Provide safe deposit box service; Foreign exchange deposits and loans; Company, CITIC
Foreign exchange remittance of bank shares in July 1988, 1968719; Foreign currency exchange; International settlement; Knot Trust Co., Ltd
On the 8th of the limited company month, Wang Kai. 6272 foreign exchange and foreign exchange sales; Interbank foreign exchange borrowing; The system responsibility of foreign exchange bills is whether the company accepts and discounts 10000 yuan; Foreign exchange borrowings; Foreign exchange guarantee; Maisi, State Grid
Selling and acting for the trading of foreign currency securities other than stocks, Yingda International
Coupons; Foreign currencies other than issuing and acting as an agent for the issuance of shares include the holding group
Securities; Self operated and agent foreign exchange trading; Agent country Limited
Issuance and payment of foreign credit cards; Offshore finance
Business; Credit investigation, consultation and witness business; through
Other businesses approved by the CBRC and others. (required by law)
Approved projects can only be approved by relevant departments
(carrying out business activities)
2. Main financial conditions of Guangfa Bank Co., Ltd
Unit: 10000 yuan
December 31, 2020
Total assets 302797200
Net assets
