Securities code: 605500 securities abbreviation: Forest Packaging Group Co.Ltd(605500) Announcement No.: 2021-065 Forest Packaging Group Co.Ltd(605500)
Announcement on the progress of using some 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 cash management trustee: China Merchants Bank Co.Ltd(600036) Taizhou Wenling sub branch (hereinafter referred to as " China Merchants Bank Co.Ltd(600036) ")
1. Cash management amount: 10 million yuan
Product period: December 24, 2021-march 20, 2022
2. Cash management amount: 10 million yuan
Product life: December 24, 2021 - April 3, 2022
3. Cash management amount: 20 million yuan
Product life: December 24, 2021 - July 24, 2022
Review procedures to be performed: the company held the 14th meeting of the second board of directors and the 15th meeting of the second board of supervisors on November 19, 2021, deliberated and adopted the proposal on using some idle raised funds for cash management, and agreed that the company or its wholly-owned subsidiary should increase the interest income of raised funds in order to improve the use efficiency of raised funds, On the premise of ensuring the fund demand and fund safety of the raised investment project, the temporarily idle raised funds with a maximum amount of no more than RMB 45 million shall be used for cash management for the purchase of financial products, time deposits and structured deposits with high security, good liquidity and guaranteed principal. The above idle raised funds for cash management shall be valid for 12 months from the date of deliberation and approval by the board of directors, and can be used on a rolling basis within the period. The general manager of the company is authorized to finally approve and sign relevant implementation agreements or contracts and other documents. The independent directors of the company issued independent opinions with explicit consent, and the recommendation institution issued verification opinions with explicit consent on the above matters. （ http://www.sse.com..cn./ ）Announcement on cash management using some idle raised funds (Announcement No.: 2021-061).
1、 Basic information of cash management using some idle raised funds this time
(i) Cash management purpose
In order to improve the use efficiency of the raised funds and increase the interest income of the raised funds, the company reasonably uses some temporarily idle raised funds for cash management on the premise of ensuring the fund demand and fund safety of the raised investment projects, so as to obtain more returns for the company and shareholders.
（2） Source of funds
1、 Basic information of raised funds: according to the reply on approving Forest Packaging Group Co.Ltd(605500) initial public offering of shares issued by China Securities Regulatory Commission (CSRC license [2020]) No. 3209), the company has actually issued 50 million RMB ordinary shares at an issue price of 18.97 yuan per share, and the total amount of funds raised is RMB 948.5 million. After deducting various issuance expenses of RMB 58.93 million, the net amount of funds actually raised is RMB 889.57 million. Zhonghui Certified Public Accountants (special general partnership) issued the capital verification report (Zhonghui kuaiyan [2020] No. 6860) on December 15, 2020. The company adopted a special account storage system for the raised funds.
2. Source of funds: some idle raised funds.
（3） The company's internal control over risks related to entrusted cash management
The company purchases deposit products with high security, good liquidity and a single product term of no more than 12 months, and the risk is controllable.
In accordance with the principle of separation of decision-making, implementation and supervision functions, the company establishes and improves the approval and implementation procedures for purchasing financial products or deposit products, so as to ensure the effective development and standardized operation of cash management and ensure the safety of funds. Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and may hire professional institutions to audit when necessary.
（3） Basic information of this financial product
Value added principal and estimated income of products affected
Entrusted product category (10000 risk income products, value products, due financial collection amount (10000 yuan) level rate (annual daily payment yuan) relationship structure)
Payment due in 2021
The commercial interest is fixed at 1000, the low wind is 3.79%, the principal is withdrawn in December 24, 2022, and the interest rate insurance of 8.93 is paid monthly on the 20th of each month
pay interest at the rate of
Payment due in 2021
The commercial interest is fixed at 1000, the low wind is 3.79%, the principal is withdrawn in December 2422, and 10.38 no bank interest rate insurance is paid monthly on the 3rd of each month
pay interest at the rate of
Payment due in 2021
The commercial interest is fixed at 3.15% of the low wind in 2000, the principal is withdrawn in 24 December 2002, and the interest rate insurance of 36.59 is paid monthly on the 24th of each month
pay interest at the rate of
2、 Details of cash management
(i) Main terms of the contract
1. China Merchants Bank Co.Ltd(600036) unit certificate of deposit products:
Product name China Merchants Bank Co.Ltd(600036) unit certificate of deposit No. 635, 2019
Product code cmbc20190635
Product type: fixed interest rate
Annualized total yield 3.79%
Revenue period: December 24, 2021 - March 20, 2022 period: 86 days
Income payment and return of subscription principal. When the certificate of deposit product is due, the principal shall be paid in a lump sum; Monthly interest payment; Advance withdrawal, redemption and transfer are not allowed
2. China Merchants Bank Co.Ltd(600036) unit certificate of deposit products:
Product name China Merchants Bank Co.Ltd(600036) unit certificate of deposit No. 950, 2019
Product code cmbc20190950
Product type: fixed interest rate
Annualized total yield 3.79%
Revenue period: December 24, 2021 - April 3, 2022 period: 100 days
Income payment and return of subscription principal. When the certificate of deposit product is due, the principal shall be paid in a lump sum; Monthly interest payment; Withdrawal in advance, redemption and transfer are not allowed
3. China Merchants Bank Co.Ltd(600036) unit certificate of deposit products:
Product name China Merchants Bank Co.Ltd(600036) unit certificate of deposit No. 506, 2020
Product code cmbc20200506
Product type: fixed interest rate
Annualized total yield 3.15%
Revenue period: December 24, 2021 to July 24, 2022 period: 212 days
Income payment and return of subscription principal. When the certificate of deposit product is due, the principal shall be paid in a lump sum; Monthly interest payment; Withdrawal in advance, redemption and transfer are not allowed
（2） Notes on cash management using raised funds
The investment products purchased with the raised funds for cash management are principal guaranteed deposit products, and the product term is less than 12 months, which meets the requirements of high safety and good liquidity. The company does not change the purpose of the raised funds in a disguised form. The use of the raised funds for cash management this time will not affect the normal progress of the raised investment projects and will not damage the interests of shareholders.
（3） Risk control measures
The company will make decisions, manage, inspect and supervise the investment in principal guaranteed bank financial products in strict accordance with the stock listing rules of Shanghai Stock Exchange, the articles of association and other relevant laws, regulations and rules, strictly control the safety of funds, and the company will regularly report the investment to the board of directors. The company will disclose the progress of cash management and profit and loss in accordance with the relevant provisions of the exchange.
Relevant personnel of the company will analyze and track the investment direction and project progress of financial products in time. If any adverse factors are found or judged, corresponding measures will be taken in time to strictly control the investment risk.
The independent directors and the board of supervisors have the right to supervise and inspect the use of financial funds. When necessary, professional institutions may be employed for audit.
Through the above measures, the company will ensure that the purpose of the raised funds will not be changed in a disguised manner and the investment of the raised funds will not be affected.
3、 Information of the entrusted party of cash management this time
The entrusted cash management trustee is China Merchants Bank Co.Ltd(600036) , and there is no relationship with the company, the controlling shareholder and the actual controller of the company.
4、 Impact on the company
(i) The main financial information of the company in the latest year and period is as follows:
Unit: Yuan
December 31, 2020 / September 30, 2021 / January September 2021
Total assets 2479459319.122588452438.09
Total liabilities 403384387.09314574419.79
Net assets 2076074932.032273878018.30
Net cash flow from operating activities 235588708.6668166818.69
The company does not purchase large financial products while bearing large liabilities. The company uses temporarily idle raised funds to purchase entrusted financial products with an amount of 40 million yuan. The company uses temporarily idle raised funds for cash management in order to ensure that it does not affect the normal use of raised funds and effectively control risks, and does not affect the normal operation of the company's raised investment projects. Appropriate low-risk investment and financial management can improve the use efficiency of raised funds and further increase the company's income, which is in line with the interests of all shareholders.
（2） According to the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, the company's cash management principal is included in the monetary funds in the balance sheet, and the interest income is included in the financial expenses or investment income items in the income statement. The details shall be subject to the annual audit results.
5、 Risk tips
Although Principal Guaranteed deposit products belong to low-risk investment varieties, the financial market is greatly affected by the macro economy. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, but it does not rule out that the investment is affected by market fluctuations.
6、 The company's use of raised funds for cash management in the last 12 months
Unit: 10000 yuan
Type of financial product actual investment amount actual principal recovered actual income outstanding principal amount
Bank financial products 20000200000348.320
Bank financial products 19300019300
Bank financial products 1000035.64
