Securities code: 300443 securities abbreviation: Jinlei Technology Co.Ltd(300443) Announcement No.: 2022-011 Jinlei Technology Co.Ltd(300443)
Announcement on using idle self owned 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.
Important content tips:
1. Investment type: financial products issued by banks and other financial institutions with high security, good liquidity and investment period of no more than 12 months.
2. Investment quota: self owned capital of no more than RMB 300 million, which can be used on a rolling basis.
In order to further improve the use efficiency of funds and increase the company’s income, Jinlei Technology Co.Ltd(300443) (hereinafter referred to as “the company”, Jinlei Technology Co.Ltd(300443) ) held the seventh meeting of the Fifth Board of directors on February 25, 2022, and deliberated and adopted the proposal on using idle self owned funds to purchase financial products. It is agreed that the company will purchase financial products with high security and good liquidity with idle self owned funds totaling no more than RMB 300 million on the premise of complying with national laws and regulations and ensuring that the normal operation of the company will not be affected. The investment term is valid within one year from the date of deliberation and approval by the board of directors. The investment period of a single financial product shall not exceed 12 months. Within the above quota and period, the funds can be used on a rolling basis. The details are hereby announced as follows:
1、 Investment overview
1. Investment purpose
In order to improve the efficiency of capital use, increase capital income without affecting the normal operation of the company.
2. Investment quota and term
On the premise of complying with national laws and regulations and ensuring that the normal operation of the company is not affected, purchase financial products with idle self owned funds totaling no more than 300 million yuan. The investment period is one year from the date of deliberation and approval by the board of directors. The investment period of a single financial product shall not exceed 12 months. Within the above quota and period, the funds can be used on a rolling basis.
3. Investment varieties
The company will strictly control risks in accordance with relevant regulations and select financial products with high safety, good liquidity and investment period of no more than 12 months, including but not limited to fixed income or floating income financial products issued by banks and other financial institutions.
4. Source of funds
The funds used for investment in financial products are idle self owned funds of the company.
5. Decision making procedure
The proposal was reviewed and approved by the board of directors of the company, which authorized the management of the company to exercise the investment decision-making power, and the finance department was responsible for the specific purchase.
6. Information disclosure
The company will disclose the specific situation of purchasing financial products in strict accordance with the relevant requirements of Shenzhen Stock Exchange gem stock listing rules, Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 – standardized operation of GEM listed companies, etc.
7. Association relationship
The company has no relationship with the financial institutions providing financial products.
8. Implementation procedure
This matter must be reviewed and approved by the board of directors of the company and implemented after the board of supervisors and independent directors express clear opinions.
2、 Investment risk analysis and risk control measures
1. Investment risk
(1) Although financial products have been strictly evaluated, the financial market is greatly affected by the macro-economy, and it is not ruled out that the investment is affected by market fluctuations.
(2) 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. The following measures are proposed for investment risks:
(1) The company will strictly abide by the principle of prudent investment and choose investment varieties with high safety and good liquidity. It shall not be used for other securities investment, and shall not purchase financial products with stocks and their derivatives and unsecured bonds as the investment object.
(2) The Finance Department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If it is found that there are risk factors that may affect the safety of the company’s funds, it will take corresponding measures in time to control the investment risk.
(3) The internal audit department of the company shall conduct daily supervision on the use and custody of financial funds, and regularly audit and verify the use of financial funds.
(4) The board of supervisors and independent directors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
(5) The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the company
On the premise of ensuring normal operation, the company uses its own funds to purchase financial products with high safety and good liquidity, which will not affect the normal turnover of the company’s daily funds and the normal development of the company’s main business, and will help to improve the efficiency of capital use, obtain better return on investment, improve the overall performance level of the company and fully protect the interests of shareholders.
4、 Opinions of independent directors
After verification, the decision-making procedure of the company’s proposal to use idle self owned funds to purchase financial products complies with relevant provisions such as the guidelines for self discipline supervision of Listed Companies in Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM, the articles of association and the management system of foreign investment. At present, the company is in good operation and stable financial condition. On the premise of ensuring the normal operation capital demand of the company, using some of its own funds to invest in financial products with high safety and good liquidity is conducive to improving the use efficiency of the company’s own funds and increasing capital income, which is in line with the interests of the company and does not affect the normal development of the company’s main business, There is also no situation that damages the interests of the company and all shareholders, especially minority shareholders.
In view of the above, the independent directors of the company unanimously agreed that the company would purchase financial products with high security and good liquidity with idle self owned funds totaling no more than 300 million yuan. The term of validity is one year from the date of deliberation and approval by the board of directors. The investment period of a single financial product shall not exceed 12 months. Within the above quota and period, the funds can be used on a rolling basis.
5、 Deliberations and opinions of the board of directors and the board of supervisors
1. The 7th Meeting of the 5th board of directors of the company deliberated and approved the proposal on using idle self owned funds to purchase financial products, and agreed that the company would purchase financial products with high security and good liquidity with idle self owned funds totaling no more than 300 million yuan. The investment period is one year from the date of deliberation and approval by the board of directors. The investment period of a single financial product shall not exceed 12 months. Within the above quota and period, the funds can be used on a rolling basis.
2. The 7th Meeting of the 5th board of supervisors of the company deliberated and approved the proposal on purchasing financial products with idle self owned funds. The board of supervisors held that the proposal on purchasing financial products with idle self owned funds is conducive to improving the use efficiency of funds, increasing the company’s income and will not affect the normal production and operation of the company, There is no situation that damages the interests of the company and minority shareholders, and the decision-making and deliberation procedures of this matter are legal and compliant. All supervisors unanimously agreed that the company would purchase financial products with high security and good liquidity with idle self owned funds totaling no more than 300 million yuan. The investment period is one year from the date of deliberation and approval by the board of directors. The investment period of a single financial product shall not exceed 12 months. Within the above quota and period, the funds can be used on a rolling basis.
6、 Verification opinions of the recommendation institution
The sponsor Zhongtai Securities Co.Ltd(600918) believes that the company’s use of idle self owned funds to purchase financial products this time complies with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of GEM listed companies and other relevant provisions.
The company has fulfilled the necessary approval procedures for the purchase of financial products with idle self owned funds, which has been deliberated and approved by the seventh meeting of the Fifth Board of directors and the seventh meeting of the Fifth Board of supervisors, and the independent directors have expressed their explicit consent; At present, the company is in good operating condition and stable financial condition. The company has established a good internal control system and fund management system, which have been effectively implemented; The company’s use of idle self owned funds to purchase financial products this time is conducive to improving the company’s fund use efficiency and obtaining certain investment benefits; The investment does not affect the normal development of the company’s main business and does not damage the interests of the company and all shareholders, especially minority shareholders. The sponsor agrees to use some of its own funds {443} to purchase this product.
7、 Documents for future reference
1. Resolutions of the 7th Meeting of the 5th board of directors;
2. Resolutions of the 7th Meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on matters related to the seventh meeting of the Fifth Board of directors; 4. Zhongtai Securities Co.Ltd(600918) verification opinions on the proposal of the company using idle self owned funds to purchase financial products.
It is hereby announced.
Jinlei Technology Co.Ltd(300443) board of directors
February 25, 2022
