Securities code: 002014 securities abbreviation: Huangshan Novel Co.Ltd(002014) Announcement No.: 2022-011 Huangshan Novel Co.Ltd(002014)
Announcement on the proposed purchase of short-term financial products with its own idle funds
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.
The 14th meeting of the 7th board of directors of Huangshan Novel Co.Ltd(002014) (hereinafter referred to as “the company”) deliberated and adopted the proposal on purchasing short-term financial products with its own idle funds: in order to improve the efficiency and efficiency of fund use, on the premise of not affecting normal business activities, based on the principle of safety and prudence, The company plans to use its own idle funds with an accumulated balance of no more than 200 million yuan to buy short-term financial products with high security and good liquidity. This proposal still needs to be submitted to the general meeting of shareholders for deliberation. The details are announced as follows:
1、 Investment overview
1. Investment purpose: improve the efficiency of capital use, make rational use of idle funds, and seek better return on investment for the company and shareholders.
2. Source of funds: self owned idle funds.
3. Investment quota: the cumulative balance shall not exceed 200 million yuan, and the quota can be scrolled.
4. Investor: the company
5. Investment target: short-term financial products with high security and good liquidity (within one year).
6. Investment term: valid within 12 months from the date of deliberation and approval by the general meeting of shareholders.
7. Investment execution: within the limit, authorize the chairman to exercise the purchase decision-making power of specific financial products according to the above principles. The financial center of the company is responsible for the specific operation.
8. This investment does not constitute a connected transaction.
2、 Risk analysis and proposed control measures
1. Investment risk
Although short-term financial products with high security and good liquidity belong to low-risk investment varieties, the financial market is greatly affected by the macro-economy, and it is not ruled out that the investment is affected by market fluctuations. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable. 2. Risk control measures
The company will carefully carry out relevant financial management business in strict accordance with the relevant laws and regulations such as the stock listing rules of Shenzhen Stock Exchange and the requirements of the company’s articles of association, the company’s investment management system and other rules and regulations, strengthen the analysis and research of relevant financial products, earnestly implement various internal control systems of the company and strictly control investment risks.
(1) The company will timely analyze and track the investment direction of financial products and project progress. Once adverse factors are found or judged, the company will timely take corresponding preservation measures to control investment risks;
(2) The Audit Department of the company is responsible for auditing and supervising the investment in financial products, comprehensively inspecting all investment projects of financial products at the end of each quarter, reasonably predicting the possible gains and losses of various investments according to the principle of prudence, and reporting to the Audit Committee;
(3) The company’s independent directors and the board of supervisors have the right to conduct regular or irregular inspection on the company’s investment in financial products. If any illegal operation is found, they can propose to convene a board of directors to consider stopping the investment.
3、 Impact on the company
On the premise of ensuring that it does not affect the normal daily operation, investment and construction and capital safety, the company uses some of its own idle funds to buy safe and liquid short-term financial products, which is conducive to improving the efficiency of capital use, obtaining certain investment income and obtaining more investment returns for the company and shareholders.
4、 Relevant opinions
1. Opinions of independent directors
The independent directors of the company express the following independent opinions on this matter: they agree that the company will use some idle funds to invest in short-term financial products with good safety and high liquidity on the basis of not affecting the normal operation and investment construction of the company, which is conducive to improving the use efficiency of funds and increasing the investment income of the company, There is no situation that damages the interests of the company and all shareholders (especially minority shareholders).
2. Opinions of the board of supervisors
The board of supervisors reviewed the purchase of short-term financial products with its own idle funds and held that the company’s current financial situation is good and its internal control is sound. On the basis of not affecting the company’s normal operation and investment and construction, purchasing short-term financial products with good safety and high liquidity is conducive to improving the use efficiency of funds and in line with the interests of the company and all shareholders. The decision-making procedure shall comply with the provisions of relevant laws and regulations. Agree to the company’s purchase of short-term financial products with its own idle funds.
5、 Documents for future reference
1. Resolutions of the 14th meeting of the 7th board of directors of the company; 2. Resolutions of the 13th meeting of the 7th board of supervisors of the company; 3. Independent opinions of independent directors on purchasing short-term financial products with their own idle funds. It is hereby announced.
Huangshan Novel Co.Ltd(002014) board of directors
February 25, 2002
