Securities code: 002416 securities abbreviation: Shenzhen Aisidi Co.Ltd(002416) Announcement No.: 2021-080
Shenzhen Aisidi Co.Ltd(002416)
Announcement on carrying out bill pool business
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.
Shenzhen Aisidi Co.Ltd(002416) (hereinafter referred to as "the company") convened the 21st (Interim) meeting of the 5th board of directors and the 22nd (Interim) meeting of the 5th board of supervisors on December 23, 2021, deliberated and adopted the proposal on developing bill pooling business, and the board of directors agreed that the company and its subsidiaries should cooperate with commercial banks with good credit standing in China to carry out bill pooling business, Share the bill pool limit of no more than RMB two billion only (RMB 2 billion), that is, the cumulative spot balance of pledged and mortgaged bills used to carry out bill pool business with all cooperative banks shall not exceed RMB two billion only (RMB 2 billion) during the business development period, the amount can be used on a rolling basis. The specific amount of each transaction is authorized to be determined by the chairman of the company according to the business needs of the company and its subsidiaries and the principle of maximizing the interests of the system.
The proposal shall be submitted to the general meeting of shareholders for deliberation, and shall be valid for two years from the date of deliberation and adoption by the general meeting of shareholders. 1、 Overview of bill pool business
1. Business Overview
Bill pool business refers to a comprehensive bill management service that integrates bill trust and collection, bill pledge pool financing, bill discount, Bill agent query, business statistics and other functions provided by agreement banks to enterprises to meet the needs of enterprise customers for unified management and overall use of commercial bills held by them.
2. Cooperative bank
The cooperative bank to carry out the bill pool business is a commercial bank with good credit standing in China. The specific cooperative bank requests the board of directors of the company to authorize the chairman of the company to select according to the cooperative relationship between the company and commercial banks, the bill pool service capacity of commercial banks and other comprehensive factors.
3. Business term
The development period of the above-mentioned bill pool business is two years from the date of deliberation and approval by the general meeting of shareholders of the company.
4. Implementation quota
The company and its subsidiaries share a bill pool limit of no more than RMB two billion only (RMB 2 billion), that is, the cumulative spot balance of pledged and mortgaged bills used to carry out bill pool business with all cooperative banks shall not exceed RMB two billion only (RMB 2 billion) during the business term, the amount can be used on a rolling basis. The specific amount of each transaction shall be submitted to the board of directors of the company to authorize the chairman of the company to determine according to the business needs of the company and its subsidiaries and the principle of maximizing the interests of the system.
5. Guarantee mode
Under the premise of controllable risk, the company and its subsidiaries can adopt various guarantee methods for the establishment and use of bill pool, such as maximum amount pledge, general pledge, certificate of deposit pledge, bill pledge, guarantee deposit pledge and so on. The specific form and amount of each guarantee shall be submitted to the board of directors of the company to authorize the chairman of the company to determine according to the business needs of the company and its subsidiaries and the principle of maximizing system interests.
2、 Purpose of bill pool business
With the expansion of business scale, the company collects a large number of commercial acceptance bills, bank acceptance bills, letters of credit and other valuable bills due to the increase of customers using bills for settlement in the process of collecting sales payment. At the same time, the company often settles by issuing commercial acceptance bills, bank acceptance bills, letters of credit and other valuable bills in cooperation with suppliers.
1. After receiving bills, the company can deposit the bills receivable into the agreement bank through the bill pool business for centralized management. The bank handles custody, delegated collection and other businesses on behalf of the company, which can reduce the cost of the company's management of various valuable bills. 2. The company can use the outstanding stock of valuable bill assets in the bill pool as pledge, and issue commercial acceptance bills, bank acceptance bills, letters of credit and other valuable bills that do not exceed the pledge amount to pay the supplier's loan and other operating funds, which is conducive to reducing the occupation of monetary capital, improving the use efficiency of current assets and maximizing shareholders' equity.
3. The bill pool business can manage the company's bills receivable and bills payable to be issued as a whole, reduce the company's capital occupation, optimize the financial structure and improve the capital utilization rate.
3、 Risk and risk control of bill pool business
There is a certain liquidity mismatch risk in the bill pool business. The inconsistent maturity dates of notes receivable and notes payable will lead to the collection of funds into the margin account of the company to the cooperative bank, which will have a certain impact on the liquidity of the company's funds.
Risk control measures: the company can eliminate this impact by replacing the margin with newly received notes, and the capital liquidity risk is controllable.
4、 Decision making procedure and organization implementation
1. Within the limit, the board of directors of the company authorizes the chairman of the company to exercise the decision-making power of specific operations and sign relevant contract documents, including but not limited to selecting qualified commercial banks, determining the specific limit, collateral, guarantee form and amount of bill pool that can be used by the company and subsidiaries;
2. Authorize the company's financial department to organize and implement the bill pool business. The financial department of the company will timely analyze and track the business progress of the bill pool. If adverse factors are found or judged, it will take corresponding measures in time to control risks and report to the board of directors of the company at the first time;
3. The audit department is responsible for auditing and supervising the development of bill pool business;
4. Independent directors have the right to supervise and inspect the specific conditions of the company's bill pool business.
5、 Documents for future reference
1. It is hereby announced that Shenzhen Aisidi Co.Ltd(002416) resolution of the 21st (Interim) meeting of the Fifth Board of directors; 2. Resolution of the 22nd (Interim) meeting of the Fifth Board of supervisors.
Shenzhen Aisidi Co.Ltd(002416) board of directors
December 23, 2021
