Securities code: Tianjin Printronics Circuit Corporation(002134) securities abbreviation: Tianjin Printronics Circuit Corporation(002134) Announcement No.: 2022011 Tianjin Printronics Circuit Corporation(002134)
Announcement on using idle self owned funds for entrusted financial management
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Tianjin Printronics Circuit Corporation(002134) (hereinafter referred to as “the company”) held the 7th Meeting of the 6th board of directors and the 5th meeting of the 6th board of supervisors on March 4, 2022, deliberated and adopted the proposal on using idle self owned funds for entrusted financial management. In order to improve the efficiency of capital use and increase the return on assets, according to the company’s business development plan and capital status, under the premise of ensuring capital safety, legal and compliance operation and ensuring that normal production and operation will not be affected, the company uses idle self owned funds of no more than RMB 80 million to buy short-term financial products with high safety and good liquidity, which are within the above limit, The funds can be recycled and used on a rolling basis, and the operation management is authorized to implement the above matters. According to relevant regulations, this matter needs to be deliberated and approved by the first extraordinary general meeting of shareholders in 2022. The details are as follows:
1、 Overview of entrusted financial management
1. Investment purpose
On the premise of not affecting the company’s normal operation and controllable risks, the company uses idle self owned funds for entrusted financial management, improves the company’s fund use efficiency and creates greater benefits for the company and shareholders.
2. Investment quota
According to the company’s capital status, it is estimated that the cumulative amount of entrusted financial management using idle self owned funds will not exceed RMB 80 million. Within the above amount, the funds can be recycled and used in a rolling manner.
3. Source of funds
The funds used by the company for entrusted financial management are the company’s idle own funds, which do not occupy the company’s normal operation and project construction funds, and the source of funds is legal and compliant.
4. Investment scope
The company will strictly control risks in accordance with relevant regulations, strictly evaluate investment products, and select fixed income products with good liquidity and high security or financial products with guaranteed principal. The above investment varieties do not include investment in domestic and foreign stocks, securities investment funds and other securities and their derivatives.
5. Investment period:
The term is generally within one year.
6. Validity of authorization
The validity period of the company’s financial management quota is from the date of deliberation and approval by the general meeting of shareholders to the next quota adjustment. 7. Requirements for investment and financial management
Under the condition of reasonable arrangement of funds and ensuring the safety of funds, the company shall timely purchase or redeem financial products according to the cash flow of the company, and the investment and financial management shall not affect the daily operation capital demand of the company.
8. Relationship with the trustee
There is no relationship between the products provided by financial institutions and financial companies.
9. Implementation mode
Investment and wealth management must be carried out in the name of the company. Within the limit, the operation management is authorized to exercise relevant investment decision-making rights and sign relevant documents, including but not limited to: selecting qualified issuers of wealth management products, clarifying wealth management amount, selecting varieties of wealth management products, signing contracts and agreements, etc. The person in charge of finance of the company is responsible for organizing the implementation and the specific operation of the finance department.
2、 Impact of investment and financial management on the company
The company has fully estimated and calculated the risks and benefits of investment and financial management and the future capital demand. Using idle self owned funds to invest in financial products will not affect the company’s daily operation and the development of its main business, and the yield of investment and financial products is generally higher than the interest rate of demand deposits and time deposits in the same period, It is conducive to improving the use efficiency of the company’s own idle funds, obtaining certain investment income and obtaining more investment returns for shareholders.
3、 Investment risk analysis and risk control measures
1. Investment risk analysis
Although the company does not participate in risk investment in entrusted financial management, the invested financial products may have common risks of financial products such as policy risk, credit risk, market risk, liquidity risk, early termination risk, force majeure and accident risk, information transmission risk and so on.
2. Proposed risk control measures
(1) The company will continue to improve its internal financial control system, adhere to the sound investment concept, appropriately carry out low-risk investment and financial management business on the premise of meeting the company’s operating capital needs, do a good job in the allocation of low-risk investment and financial management, and obtain investment income on the premise of reducing risks.
(2) The finance department and other relevant personnel of the company will timely analyze and track the investment direction of financial products and the progress of the project. If the evaluation finds that there are risk factors that may affect the safety of the company’s funds, they will take corresponding measures in time to control the investment risk.
(3) The company’s 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 company will timely perform the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.
4、 Opinions expressed by independent directors
The independent directors of the company believe that under the premise of ensuring that the normal progress of the investment plan of its own funds and the safety of funds are not affected, the company uses some idle own funds for entrusted financial management, which is conducive to improving the use efficiency of the company’s funds and improving the management income of the company’s funds, will not affect the normal business activities of the company, and will not damage the interests of the company and all shareholders, It is agreed that the company will use idle self owned funds of no more than RMB 80 million to purchase short-term financial products with high security and good liquidity. Within the above limit, the funds can be recycled and used on a rolling basis, and it is unanimously agreed to submit the matter to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation.
5、 Opinions of the board of supervisors
After verification, the board of supervisors believes that: on the premise of not affecting the capital demand of normal business activities, the company uses idle self owned funds for entrusted financial management, and does not involve venture capital, which is conducive to improving the use efficiency of idle self owned funds, increasing income, and will not affect the normal operation and capital safety of the company, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders, and there is no violation of relevant laws and regulations. The board of supervisors agreed that the company should use its own idle funds of no more than RMB 80 million to purchase short-term financial products with high security and good liquidity. Within the above limit, the funds can be recycled and used on a rolling basis.
6、 Documents for future reference
1. Resolutions of the 7th Meeting of the 6th board of directors;
2. Resolutions of the 5th meeting of the 6th board of supervisors;
3. Independent opinions of independent directors on matters related to the seventh meeting of the sixth board of directors.
It is hereby announced.
Tianjin Printronics Circuit Corporation(002134) board of directors
March 4, 2002
