Securities code: Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) securities abbreviation: Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) Announcement No.: 2022014 Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933)
Announcement on using some 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.
Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) (hereinafter referred to as “the company”) held the 28th meeting of the third board of directors and the 19th meeting of the third board of supervisors on February 28, 2022. The proposal on using some idle self owned funds for cash management was reviewed and approved respectively, and the company was agreed to conduct cash management on idle self owned funds of no more than 600 million yuan, It is used to purchase financial products issued by banks or other financial institutions with high security, good liquidity, low risk and no more than 12 months of product investment period. This matter needs to be submitted to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation and approval. The details are as follows:
1、 Basic overview of cash management using idle self owned funds this time
(I) investment purpose
In order to improve the use efficiency of funds and make rational use of phased idle self owned funds, the company plans to use some idle self owned funds for cash management without affecting the normal operation of the company.
(II) variety and safety of investment products
The company plans to purchase financial products issued by banks or other financial institutions with high security, good liquidity, low risk and the longest investment period of the products is no more than 12 months.
(III) period of validity
The investment period is 12 months from the date of deliberation and approval of the first extraordinary general meeting of shareholders in 2022. (IV) investment quota
The company plans to use idle self owned funds with a maximum investment amount of no more than 600 million yuan at any time point for cash management. Within the above limit and term, the funds can be used on a rolling basis.
(V) source of funds
The funds used for cash management are the company’s own funds temporarily idle, and the source of funds is legal and compliant.
(VI) implementation mode
After being deliberated and approved by the general meeting of shareholders of the company, within the above limit and time limit, the board of directors authorizes the chairman to exercise the investment decision-making power and sign relevant legal documents, including but not limited to: selecting the issuer of qualified investment products, clarifying the amount of financial management, selecting the variety of property management products, signing contracts, etc, The Finance Department of the company shall be responsible for the use of some idle self owned funds to purchase financial products issued by banks and other financial institutions.
(VII) description of association relationship
The products to be purchased by the entrusted financial institution are not related to the commercial bank.
(VIII) information disclosure
The company will perform relevant information disclosure obligations in accordance with the relevant provisions of Shenzhen Stock Exchange and other regulatory authorities. 2、 Investment risk and risk control measures
(I) investment risk
1. Although the financial products invested by the company and issued by banks and other financial institutions belong to low-risk investment varieties, 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.
(II) risk control measures
1. The company will strictly abide by the principle of prudent investment, select low-risk investment varieties, and shall not be used for other securities investment. It will not buy financial products with stocks and their derivatives and unsecured bonds as investment targets.
2. The Finance Department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If it is found that there are risk factors that may affect the safety of the company’s funds, it will take corresponding measures in time to control the investment risk. 3. The Audit Department of the company shall conduct daily supervision on the use and custody of financial funds, and regularly audit and verify the use of financial funds.
4. The board of supervisors and independent directors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
5. The company will disclose the purchase and profit and loss of financial products during the reporting period in the regular report in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the company’s operation
On the premise of ensuring the capital demand and capital safety of normal operation, the company, based on the principle of prudence, uses some idle self owned funds for cash management, which will not affect the normal development of the company’s main business. At the same time, it can improve the use efficiency of self owned funds, reduce the company’s financial cost, obtain certain investment income and obtain more investment returns for the company and shareholders.
4、 Relevant review and approval procedures
(I) deliberations of the board of directors
On February 28, 2022, the company held the 28th meeting of the third board of directors, deliberated and approved the proposal on using some idle self owned funds for cash management, and agreed that the company would use idle self owned funds of no more than 600 million yuan for cash management to purchase products issued by banks or other financial institutions with high security, good liquidity and low risk Financial products with a maximum investment period of no more than 12 months. The investment period is 12 months from the date of deliberation and approval of the first extraordinary general meeting of shareholders in 2022. Within the above limit and term, the funds can be used on a rolling basis.
(II) deliberation of the board of supervisors
After review, the board of supervisors believes that on the premise of ensuring normal operation and capital safety, the company uses some idle self owned funds for cash management, which is conducive to improving the use efficiency of self owned funds and increasing capital income, will not have an adverse impact on the company’s operation, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders; The deliberation and voting procedures of using some idle self owned funds for cash management this time comply with the provisions of relevant laws and regulations and the articles of association.
It is agreed that the company will conduct cash management on its own funds of no more than 600 million yuan for the purchase of financial products issued by banks or other financial institutions with high security, good liquidity, low risk and a maximum investment period of no more than 12 months. The investment period is 12 months from the date of deliberation and approval of the first extraordinary general meeting of shareholders in 2022. Within the above limit and term, the funds can be used on a rolling basis.
(III) opinions of independent directors
Under the condition of ensuring the normal operation of the main business and the safety of funds, the company uses idle self owned funds of no more than 600 million yuan for cash management to purchase financial products issued by banks or other financial institutions with high security, good liquidity, low risk and the longest product investment period of no more than 12 months, which can effectively improve the use efficiency of self owned funds, Reduce operating costs, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. The deliberation and voting procedures of using some idle self owned funds for cash management this time comply with the provisions of relevant laws and regulations and the articles of association.
Therefore, we agree that the company will use idle self owned funds of no more than RMB 600 million for cash management, and submit the matter to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation.
5、 Documents for future reference
1. Resolutions of the 28th meeting of the third board of directors;
2. Resolutions of the 19th meeting of the third board of supervisors;
3. Independent opinions of independent directors on matters related to the 28th meeting of the third board of directors of the company. It is hereby announced.
Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) board of directors
March 1, 2022
