Securities code: Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) securities abbreviation: Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) Announcement No.: 202218
Bond Code: 127027 bond abbreviation: Jingyuan convertible bond
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552)
Announcement on carrying out fund pool business
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are jointly and severally liable for false records, misleading statements or major omissions in the announcement.
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) (hereinafter referred to as "the company" or "the company") held the 5th meeting of the 10th board of directors on February 28, 2022, deliberated and adopted the proposal on developing capital pool business. The relevant information is hereby announced as follows:
1、 Basic information of fund pool business
1. Business Overview
Fund pool business refers to the fund pool service agreement signed between the company and its subordinate member units (including its wholly-owned subsidiaries and holding subsidiaries) and the cooperative bank. According to the service agreement, the cooperative bank assists the company and its subordinate member units to establish a fund pool and implement services such as unified fund management, fund collection, allocation, fund adjustment and settlement under entrusted loans.
2. Cooperative bank
The cooperative bank that the company plans to carry out capital pool business is a commercial bank with good credit in China. The specific cooperative bank will be selected according to the cooperative relationship between the company and commercial banks, business capacity and other comprehensive factors.
3. Implementation quota
The company uses a capital pool limit of no more than 1.2 billion yuan, which can be used on a rolling basis during the business term.
4. Term of validity
Two years from the date of approval by the board of directors.
2、 Purpose of fund pool business
The company's capital pool business this time is based on the capital needs of the company's business development and daily operation, through the centralized management of funds, to improve the liquidity of the company's assets, improve the use efficiency of funds and reduce the use cost of funds. This matter will not affect the normal operation of the company, will not have an adverse impact on the future financial status and operating results of the company, and is conducive to maximizing the benefits of the company and shareholders.
3、 Risk and risk control of capital pool business
The company's capital pool business this time will not have an adverse impact on the generation and operation of the company. The company has formulated strict approval procedures and decision-making authority, which will effectively prevent risks.
4、 Decision making procedure and organization implementation
1. Within the limit, the board of directors of the company authorizes the management to exercise the decision-making power of specific operations and sign relevant contract documents, including but not limited to selecting qualified commercial banks and determining the specific limit of capital pool available to the company;
2. Authorize the financial department of the company to be responsible for organizing and implementing the fund pool business. The financial department of the company will timely analyze and track the business progress. If adverse factors are found or judged, it will timely take corresponding measures to control risks and report to the board of directors of the company at the first time;
3. The independent directors and the board of supervisors have the right to supervise and inspect the specific conditions of the company's capital pool business; 4. The Audit Office of the company is responsible for auditing and supervising the development of fund pool business.
5、 Documents for future reference
1. Resolution of the 5th meeting of the 10th board of directors.
It is hereby announced.
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) board of directors March 2, 2022
