Securities code: Rianlon Corporation(300596) securities abbreviation: Rianlon Corporation(300596) Announcement No.: 2022011 Rianlon Corporation(300596)
Announcement on the company and its subsidiaries using idle self owned funds for cash management
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
Rianlon Corporation(300596) (hereinafter referred to as "the company") held the 27th meeting of the third board of directors and the 24th Meeting of the third board of supervisors on February 25, 2022, deliberated and approved the proposal on the use of idle self owned funds for cash management by the company and its subsidiaries, and agreed that the company and its subsidiaries, on the premise of ensuring normal operation, capital safety and liquidity, The idle self owned funds of no more than 400 million yuan shall be used for cash management, and the service life shall not exceed 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above service life and limit, the funds can be recycled and rolled. Relevant matters are hereby announced as follows:
1、 Basic information of cash management using idle self owned funds
(I) management purpose
In order to improve the use efficiency of the company's funds, under the condition of ensuring the daily operation capital demand and capital safety of the company, the rational use of idle self owned funds for cash management can increase the capital income and obtain more returns for the company and shareholders.
(II) amount and term
The company and its subsidiaries intend to use idle self owned funds of no more than 400 million yuan for cash management, and the service life shall not exceed 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above quota, it can be used circularly.
(III) selection of product varieties
The company will strictly control risks in accordance with relevant regulations, strictly evaluate financial products, and select low-risk financial products with high safety and good liquidity, which will not affect the use of funds required for the normal operation of the company.
(IV) decision making and Implementation
This matter has been deliberated and approved at the 27th meeting of the third board of directors and the 24th Meeting of the third board of supervisors. The independent directors of the company have expressed their independent opinions with explicit consent. This matter needs to be submitted to the general meeting of shareholders of the company for deliberation. Within the specified limit, the management of the company is authorized to sign relevant documents, which shall be organized, implemented and managed by the investment and Financing Department of the company.
2、 Risk analysis and risk control measures
(I) risk analysis
1. Although the selected product belongs to the category of low-risk investment, the financial market is greatly affected by the macro-economy, and it is not excluded 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;
3. Operation and monitoring risks of relevant staff.
(II) risk control measures
1. During cash management, the company will choose low-risk financial products with good liquidity and high security, and clarify the amount, term, investment variety, rights, obligations and legal liabilities of both parties.
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. 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.
4. The internal audit department of the company shall supervise the use of funds on a daily basis.
3、 Impact on the company
Under the condition of ensuring normal operation and capital safety, the company and its subsidiaries use idle self owned funds for cash management and purchase financial products with high safety, good liquidity and low risk, which will not affect the normal capital turnover needs of the company and the normal development of the company's business. At the same time, it can improve the efficiency of capital use and obtain certain investment income, Obtain more returns for the company and shareholders.
4、 Relevant audit procedures and opinions
(I) deliberations of the board of directors
The 27th meeting of the third board of directors of the company deliberated and approved the proposal on the use of idle self owned funds for cash management by the company and its subsidiaries. On the premise of ensuring the normal operation, capital safety and liquidity of the company and its subsidiaries, it is agreed that the company and its subsidiaries use idle self owned funds of no more than 400 million yuan for cash management, The service life shall not exceed 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above service life and limit, the funds can be recycled and used in a rolling manner.
(II) deliberation of the board of supervisors
The 24th Meeting of the third board of supervisors of the company deliberated and adopted the proposal on cash management of the company and its subsidiaries using idle self owned funds. The board of supervisors of the company believes that the use of idle self owned funds for cash management by the company and its subsidiaries complies with the relevant provisions of the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange and the articles of association, conforms to the principle of maximizing the interests of shareholders, and is conducive to improving the efficiency of capital use. Therefore, the company agrees to use idle self owned funds for cash management.
(III) opinions of independent directors
Without affecting the normal operation of the company and ensuring the safety of funds, the company and its subsidiaries use idle self owned funds of no more than 400 million yuan for cash management, which is conducive to increasing the company's capital income and improving the efficiency of capital use. The contents and procedures comply with the Listing Rules of GEM stocks of Shenzhen Stock Exchange The provisions of laws, regulations and normative documents such as the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange and the articles of association are in line with the interests of the company and do not harm the interests of the company and all shareholders, especially small and medium-sized shareholders. Therefore, the company agrees to use idle self owned funds for cash management.
5、 Documents for future reference
1. Resolutions of the 27th meeting of the third board of directors of the company;
2. Resolutions of the 24th Meeting of the third board of supervisors of the company;
3. Independent opinions of the company's independent directors on matters related to the 27th meeting of the third board of directors. It is hereby announced.
Rianlon Corporation(300596) board of directors
February 28, 2022
