Securities code: 603679 securities abbreviation: Sichuan Huati Lighting Technology Co.Ltd(603679) Announcement No.: 2022-010 bond Code: 113574 bond abbreviation: Chinese convertible bonds
Sichuan Huati Lighting Technology Co.Ltd(603679)
Announcement on the progress of temporarily using idle raised funds for cash management
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 management trustee: China Citic Bank Corporation Limited(601998) Chengdu Branch
Amount of entrusted financial management: 16 million yuan
Name of entrusted financial product: win win Zhixin exchange rate linked RMB structured deposit 08571
Period of entrusted financial management: from February 28, 2022 to March 31, 2022
Review procedures performed: Sichuan Huati Lighting Technology Co.Ltd(603679) (hereinafter referred to as "the company") held the 36th meeting of the third board of directors and the 24th Meeting of the third board of supervisors on April 26, 2021, and considered and adopted the proposal on temporary use of idle raised funds for cash management, It is agreed that the company will use the idle raised funds of publicly issued convertible corporate bonds of no more than RMB 70 million to purchase principal guaranteed financial products with high safety and good liquidity issued by commercial banks without affecting the safety of raised funds and the use schedule of investment project funds, and the investment period of a single financial product shall not exceed 12 months, Within the above limit, the funds can be used on a rolling basis. The resolution is effective within 12 months from the date of deliberation and adoption by the board of directors. The independent directors, the board of supervisors and the recommendation institution of the company have respectively expressed their consent. For details, see the announcement on temporary use of idle raised funds for cash management (Announcement No.: 2021-020) disclosed by the company on April 27, 2021.
1、 The previous use of idle raised funds for cash management and due redemption
On January 17, 2022, the company purchased principal guaranteed financial products from Chengdu Branch of China CITIC Bank Co., Ltd. with temporarily idle raised funds of RMB 18 million. The details are as follows:
Party's product name product category amount term from the beginning of financial management to the expected annualized (10000 yuan) (day) start date account day rate of return
China Citic Bank Corporation Limited(601998) win win Zhixin exchange rate guaranteed floating 1800.00 31 2022 2022 2 2.85% joint stock limited linked RMB settlement income, sealed January 17 February 17
Structured deposit closed form
Chengdu 07993 company
branch
Description of association relationship: the company has no association relationship with China Citic Bank Corporation Limited(601998) Chengdu branch and does not constitute
Related party transactions.
The above financial products have been redeemed on February 17, 2022, with an actual annualized yield of 2.85%,
The principal was recovered by 18 million yuan and the financial income was 43569.86 yuan.
2、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
The company uses some idle raised funds for cash management in order to further improve the use of funds
Efficiency and obtain higher returns for the company and shareholders.
(II) source of funds
All the funds of this entrusted financial management come from the temporarily idle raised funds of the company.
Approval of Sichuan huati Lighting Technology Co., Ltd. issued by China Securities Regulatory Commission
The company's reply to the public offering of convertible corporate bonds (zjxk [2020] No. 245) was approved, Sichuan Huati Lighting Technology Co.Ltd(603679)
2.088 million convertible corporate bonds were issued to the public, with a face value of 100 yuan each
The total amount of issuance is RMB 208.8 million. The total amount of raised funds deducting various issuance expenses
After 8.2065 million yuan (excluding tax), the net amount of funds actually raised was 200.5935 million yuan.
ShineWing Certified Public Accountants (special general partnership) has verified the availability of the above raised funds
And issued the capital verification report "xyzh / 2020cda50087" on April 8, 2020.
The company has adopted special account storage management for the raised funds.
The funds raised from this public offering of convertible bonds will be used for the following projects, as follows:
No. project name total investment raised funds to be invested
(10000 yuan) amount received (10000 yuan)
Comprehensive ecological restoration project of Chengdu ring ecological zone (South)
Zone 1), (East and West) smart greenway project (hereinafter referred to as "Chengdu 39532.55 20880.00 Jincheng smart greenway project") (infrastructure part
System software part)
Total 39532.55 20880.00
(III) basic information of entrusted financial products
The company opened a special settlement account for products in China Citic Bank Corporation Limited(601998) Chengdu Branch, with an account number of 8111001014100605006. The company will temporarily idle the raised funds of 16 million yuan to purchase structured deposit products from China Citic Bank Corporation Limited(601998) Chengdu Branch. The details are as follows:
Estimated income fund the amount of the entrusted party's products is expected to be annualized
forehead
Name type name (10000 yuan) rate of return
(10000 yuan)
China Citic Bank Corporation Limited(601998) shares win Zhixin exchange rate peg
Breakeven floating income
RMB 1600.00 2.75% 3.74
2. Closed type
Chengdu Branch deposit 08571
Product revenue structure refers to whether the annualized expected revenue constitutes the term type arrangement rate of return (if any) related party transactions
Breakeven floating income
31 days not involved not applicable not applicable no
benefit
(IV) the company's internal control over risks related to entrusted financial management
In the process of using idle raised funds for cash management, the company puts risk control in the first place, makes prudent investment and strictly checks.
During the financing period of the above financial products, the company will maintain close contact with the bank and track the operation of financial funds in time. If the evaluation finds that there are risk factors that may affect the safety of funds, the company will take corresponding measures in time to control investment risks to ensure the safety of funds. The company's independent directors, the board of supervisors and the recommendation institution have the right to supervise and inspect the operation of the above cash management with idle raised funds, and can hire professional institutions to audit when necessary. 3、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
1. Product nature
This product is a structured deposit product, which refers to the deposit embedded in financial derivatives. Through the fluctuation of interest rate, exchange rate, index and other financial market objects or the credit situation of an entity, the depositor can obtain corresponding income on the basis of bearing certain risks.
2. Product revenue composition
The income of this product consists of two parts: the basic interest income of the deposit principal and the floating income of the object linked to the financial market. Among them, the basic interest income of the deposit principal is determined according to the basic interest rate agreed in the product manual, the basic interest rate is 1.60%, and the floating income of the product is determined according to the income of the object linked to the financial market. The interest rate and yield agreed in this product manual are annualized.
3. Basic elements of products
(1) Product Name: win win Zhixin exchange rate linked RMB structured deposit 08571
(2) Product type: Principal Guaranteed floating income, closed-end
(3) Revenue calculation days: 31 days (revenue calculation days are subject to early termination provisions)
(4) Risk level of structured deposit products: PR1 (prudent and green), suitable for cautious, stable, balanced, enterprising and radical customer investors. This risk classification is China Citic Bank Corporation Limited(601998) self-assessment and is for reference only. China Citic Bank Corporation Limited(601998) does not guarantee the accuracy of the above risk classification results in any form.
(5) Starting date of income: February 28, 2022 (if China Citic Bank Corporation Limited(601998) the raising period is adjusted, the starting date of income shall be adjusted to the next working day after the end of the raising period, and the product income shall not be counted between the deduction date and the starting date of income).
(6) Maturity date: March 31, 2022 (if China Citic Bank Corporation Limited(601998) the raising period is adjusted, it is subject to the starting date of income and early termination terms. In case of Chinese legal holidays or public holidays, it will be postponed to the next working day, and the income will not be calculated during the extended period).
(7) Contact target: aud / NZD
(8) Definition of contact object: spot exchange rate of Australian dollar / New Zealand dollar, expressed as the number of New Zealand dollars convertible from one Australian dollar. Fixed price: Australian dollar / New Zealand dollar spot exchange rate, that is, the value of audnzd currency at 3:00 pm Tokyo time displayed on the "bfix" screen of Bloomberg page. Opening price: the fixed price on March 1, 2022. Closing price: contact the fixed price of the target observation day. Observation date of contact object: March 28, 2022.
(9) Base interest rate: 1.60%
(10) Income range: 1.60% - 3.15%
(11) Interest base days: 365 days
(12) Determination method of product yield:
a. If, on the observation date of the linked object, the closing price of the linked object "Australian dollar / New Zealand dollar spot exchange rate" falls by more than 1% relative to the opening price, the annualized yield of the product is the expected maximum yield of 3.15%; b. If, on the observation date of the linked object, the closing price of the "spot exchange rate of Australian dollar / New Zealand dollar" of the linked object falls by less than or equal to 1% or is flat or rises by less than or equal to 3.50% relative to the opening price, the annualized yield of the product is the expected yield of 2.75%;
c. If, on the observation date of the linked object, the closing price of the linked object "Australian dollar / New Zealand dollar spot exchange rate" rises relative to the opening price by more than 3.50%, the annualized yield of the product is the expected minimum yield of 1.60%;
The above calculated income is based on the assumption of income range, which is not equal to the actual income, and the investment must be cautious.
(II) investment direction of entrusted financial management funds
Win win Zhixin exchange rate linked RMB structured deposit 08571 funds are invested in deposits embedded in financial derivatives, which are linked to the fluctuation of financial market targets such as interest rate, exchange rate and index or to the credit situation of an entity, so that depositors can obtain corresponding benefits on the basis of bearing certain risks.
(III) description of entrusted financial management using temporarily idle raised funds
The amount of this entrusted financial management is 16 million yuan. The product is principal guaranteed floating income and closed type with a term of 31 days. The income consists of two parts: the basic interest income of the deposit principal and the floating income linked to the subject matter of the financial market. Among them, the basic interest income of the deposit principal is determined according to the basic interest rate agreed in the product manual, and the basic interest rate is 1.60%, The floating income of the product is determined according to the income of the subject matter of the linked financial market. The contact object is: Australian dollar / New Zealand dollar. It meets the requirements of low-risk and principal guaranteed use conditions, does not change the purpose of the raised funds in a disguised manner, and will not affect the normal progress of the raised investment project.
(IV) risk control analysis
In order to control investment risks, the company plans to take the following measures:
1. The company will strictly abide by the principle of prudent investment and choose principal guaranteed investment varieties. Relevant personnel of the company's finance department will timely analyze and track the progress. If risk factors that may affect the company's capital security are found in the assessment, corresponding measures will be taken in time to control investment risks.
2. The company will
