Securities code: Jiangsu Yunyi Electric Co.Ltd(300304) securities abbreviation: Jiangsu Yunyi Electric Co.Ltd(300304) Announcement No.: 2022008 Jiangsu Yunyi Electric Co.Ltd(300304) and subsidiaries
Announcement of using idle self owned funds for entrusted financial 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.
Jiangsu Yunyi Electric Co.Ltd(300304) (hereinafter referred to as "the company") deliberated and adopted the proposal on the company and its subsidiaries using idle self owned funds for entrusted financial management at the 17th meeting of the 4th board of directors and the 16th meeting of the 4th board of supervisors held on March 9, 2022, and agreed that the company and its subsidiaries, on the premise of ensuring daily operation and capital safety, The idle self owned funds with a total amount of no more than RMB 120 million are used for entrusted financial management. Within the above limit, the general manager and financial director of the company and its subsidiaries are authorized to carry out the specific implementation. The funds can be recycled and used on a rolling basis. The above proposal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The relevant matters are hereby announced as follows:
1、 Overview of entrusted financial management
1. Purpose of entrusted financial management
In order to improve the use efficiency of the company and its subsidiaries' funds and make rational use of idle self owned funds, under the condition of ensuring the normal operation of the company and ensuring the safety of funds, the company and its subsidiaries intend to use idle self owned funds for entrusted financial management, make rational use of some temporarily idle self owned funds, increase the income of the company and its subsidiaries and maximize the income of the company and shareholders.
2. Amount of entrusted financial management
The company and its subsidiaries intend to use idle self owned funds with a total amount of no more than RMB 120 million for entrusted financial management, and the funds can be recycled and used within the above limit.
3. Entrusted financial management varieties
The company and its subsidiaries will strictly evaluate and screen financial products. On the premise of controlling investment risks, the company will select financial products and other investment varieties with high security, good liquidity or relatively high investment return from banks, securities companies, trust companies, fund companies and other financial institutions, And other financial objects and methods approved according to the company's internal decision-making procedures.
4. Validity period and investment period of the quota
The validity period of the amount of entrusted financial management using idle self owned funds is one year from the date of deliberation and approval by the general meeting of shareholders of the company. Within the above validity period, the investment period of a single product shall not exceed 12 months. 5. Source of funds
Idle self owned funds of the company and its subsidiaries.
6. Approval procedure
The amount of idle self owned funds to be used for entrusted financial management this time belongs to the decision-making authority of the general meeting of shareholders of the company, which needs to be deliberated and approved by the board of directors and the board of supervisors. The independent directors of the company shall express independent opinions, which shall be implemented after being deliberated and approved by the general meeting of shareholders.
7. Implementation mode
Within the limits approved by the board of directors and the general meeting of shareholders, the general managers and financial principals of the company and its subsidiaries are authorized to implement them respectively.
8. Information disclosure
The board of directors of Shenzhen Stock Exchange will timely perform the relevant information disclosure obligations in accordance with the provisions of Shenzhen Stock Exchange and the CSRC.
9. The company and its subsidiaries have no relationship with the financial institutions that provide entrusted financial management.
2、 Investment risk analysis and risk control measures
1. Investment risk
(1) Although the financial products have been strictly evaluated, the financial market is greatly affected by the macro-economy. It is not ruled out that the investment is affected by market fluctuations and other factors.
(2) The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual return of investment is unpredictable.
(3) Operation and monitoring risks of relevant staff.
2. For investment risks, the company plans to take the following risk control measures:
(1) Strengthen financial market analysis and research, strictly control investment risks, improve and optimize investment and financial management strategies, and invest at the right time according to the changes of the financial market;
(2) Strictly select investment objects and select products issued by financial institutions with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability;
(3) After being deliberated and approved by the board of directors or the general meeting of shareholders, the entrusted financial management shall be organized and implemented by the general manager and financial person in charge of the company and its subsidiaries, and the internal approval procedures shall be strictly followed;
(4) When conducting entrusted financial management, the company and its subsidiaries shall sign a written agreement with the trustee to clarify the name, amount, term, investment type, income calculation method, rights, obligations and legal liabilities of both parties, and require the other party to provide guarantee when necessary.
(5) The financial principals of the company and its subsidiaries shall arrange designated personnel to analyze and track the progress of entrusted financial management in real time, and reasonably predict the possible gains and losses according to the principle of prudence. If the assessment finds that there are risk factors that may affect the safety of the company's funds, they shall take corresponding measures in time to control investment risks and report to the general manager and the board of directors in time. At the same time, assign special personnel to manage relevant accounts, and be responsible for the transfer in and transfer out management of funds related to entrusted wealth management, as well as the management of special fund accounts. The entrustment of the entrustment financial management must be carried out in the name of the company or the subsidiary company, and it is forbidden to transfer the transferred funds from the entrusted financial account in the name of individuals. It is strictly prohibited to lend the entrusted financial account and the out of pocket investment.
(6) The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
(7) The company will analyze and judge the entrusted financial management and investment information in accordance with the relevant provisions of Shenzhen Stock Exchange, and do a good job of information disclosure in accordance with the relevant provisions.
3、 Impact on the company
The company and its subsidiaries use idle self owned funds for entrusted financial management on the premise of ensuring the company's daily operation and capital safety, which will not affect the normal needs of the company's daily capital turnover and the normal development of the company's main business. It can improve the capital use efficiency of the company's working capital and obtain a certain investment income, Further improve the overall performance level of the company and create more return on investment for the company and all shareholders.
4、 Relevant review and approval procedures
1. Opinions of the board of directors
On March 9, 2022, the 17th meeting of the Fourth Board of directors of the company deliberated and approved the proposal on the company and its subsidiaries using idle self owned funds for entrusted financial management. The board of directors agreed that the company and its subsidiaries use idle self owned funds with a total amount of no more than RMB 120 million for entrusted financial management on the premise of ensuring daily operation and capital safety, Within the above limits, the general managers and financial principals of the company and its subsidiaries are authorized to carry out the specific implementation, and the funds can be recycled and used on a rolling basis.
2. Opinions of the board of supervisors
On March 9, 2022, the 16th meeting of the 4th board of supervisors of the company deliberated and approved the proposal on the company and its subsidiaries using idle self owned funds for entrusted financial management. The board of supervisors held that the company and its subsidiaries using idle self owned funds for entrusted financial management will not affect the normal needs of the company's daily capital turnover and the normal development of the company's main business, It is conducive to improving the efficiency of the company's fund use, and there is no situation that damages the interests of the company and minority shareholders.
It is agreed that the company and its subsidiaries use idle self owned funds with a total amount of no more than RMB 120 million for entrusted financial management.
3. Opinions of independent directors
The independent directors carefully considered the proposal on the use of idle self owned funds for entrusted financial management by the company and its subsidiaries, made necessary verification on the company's operation, financial status and previous entrusted financial management, and expressed the following opinions: on the premise of ensuring the normal capital demand and capital safety of the company, use idle self owned funds for entrusted financial management, It is conducive to improving the use efficiency of the company's and its subsidiaries' own funds, does not affect the normal development of the company's and its subsidiaries' main business, and does not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. The company and its subsidiaries agree to use idle self owned funds for entrusted financial management this time. 5、 Documents for future reference
1. Resolutions of the 17th meeting of the 4th board of directors;
2. Resolutions of the 16th meeting of the 4th board of supervisors;
3. Independent opinions of independent directors on matters related to the 17th meeting of the Fourth Board of directors.
It is hereby announced
Jiangsu Yunyi Electric Co.Ltd(300304) board of directors March 10, 2002
