Securities code: 002774 securities abbreviation: Ife Elevators Co.Ltd(002774) Announcement No.: 2021-093 Ife Elevators Co.Ltd(002774)
Announcement on using self owned funds to purchase trust products
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.
Ife Elevators Co.Ltd(002774) (hereinafter referred to as “the company” or “the company”) held the 29th meeting of the third board of directors and the 24th Meeting of the third board of supervisors on May 19, 2021, and the second extraordinary general meeting of shareholders in 2021 on June 7, 2021, which deliberated and adopted the proposal on using self owned funds for venture capital investment, It is agreed that the company will use its own idle funds for venture capital on the premise of fully ensuring the daily operational capital demand, not affecting the normal production and operation of the company and effectively controlling risks. The maximum amount of investment shall not exceed RMB 100 million (including RMB 100 million), and the service life shall be valid within one year from the date of deliberation and approval by the shareholders’ meeting of the company, The quota can be used circularly and rolling within the service life. (for details, please refer to the announcement on using self owned funds for venture capital investment (Announcement No.: 2021-047) published in China Securities Journal, securities times, Shanghai Securities News, securities daily and www.cn.info.com.. CN on May 21, 2021).
In view of the company’s good operation and abundant self owned funds, in order to improve the rate of return on funds, the company held the fifth meeting of the Fourth Board of directors and the fifth meeting of the Fourth Board of supervisors on October 27, 2021 and the fourth extraordinary general meeting of shareholders in 2021 on November 15, 2021, deliberated and adopted the proposal on increasing the amount of venture capital, On the premise of fully ensuring the daily capital demand and not affecting the normal operation and risk control of the company, it is agreed to use idle self owned funds for venture capital, and increase the limit to no more than 200 million yuan (including 200 million yuan). The service life is valid within one year from the date of deliberation and approval by the shareholders’ meeting of the company, and the limit can be used circularly and continuously within the service life. For details, please refer to China Securities Journal, securities times, Shanghai Securities News, securities daily and www.cn on October 29, 2021 info. com.. cn. Announcement on increasing the amount of venture capital (Announcement No.: 2021-086).
Recently, the company and Dongguan Trust Co., Ltd. (hereinafter referred to as “Dongguan trust” and “trustee”) signed the trust contract of Dongguan trust Dingxin federal collective fund trust plan, and the company used idle self owned funds to
1、 Basic information of the trustee
1. Company name: Dongguan Trust Co., Ltd
2. Date of establishment: March 13, 1987
3. Registered address: Building 2, innovation and Technology Park, Songshanhu high tech Industrial Development Zone, Dongguan
4. Type of Institution: non bank financial institution, trust company
5. Legal representative: Liao Yulin
6. Registered capital: 1450 million yuan
7. Business scope: fund trust; Chattel trust; Real estate trust; Securities trust; Other property or property trust; Engaging in investment fund business as a promoter of an investment fund or fund management company; Operate the reorganization, merger and acquisition of enterprise assets, project financing, corporate finance, financial consulting and other businesses; Entrusted to operate the securities underwriting business approved by the relevant departments of the State Council; Handle intermediary, consulting, credit investigation and other businesses; Agent custody and safe deposit box business; Use the inherent property by means of interbank deposit, interbank lending, loan, lease and investment; Providing guarantee for others with inherent property; Engage in interbank lending; Other businesses stipulated by laws and regulations or approved by CBRC. (operate with valid license)
2、 Purchase of trust products
Product name product type amount fund source purchase date limit expected income (10000 yuan)
Dongguan trust Dingxin – pooled funds
Federal collective fund trust 10000 self owned funds 6.0% trust from 2021 to December 272
Trust plan
(i) Application of trust property:
1. The trustee shall collect the subscription funds under this contract and the subscription funds of other principals under this trust plan, and the trustee shall centrally manage and use them in its own name in accordance with the provisions of the trust plan documents.
2. The trustee will use the trust plan funds to purchase the wholly-owned public buildings and parking spaces of Dongguan banglian Industrial Investment Co., Ltd., and subscribe for the trust industry guarantee fund in accordance with the regulatory provisions.
3. During the term of the trust plan, idle funds can be invested in bank deposits.
（2） Calculation and distribution of trust interests:
1. Calculation of trust interests
Trust interests include trust income during the period and trust income at the end of the period.
During the duration of the trust plan, on each income settlement date and the termination date of the trust plan, if there is still a surplus of trust property income after paying all trust taxes, trust fees and liabilities (if any) specified in the trust documents, the remaining part is calculated as the beneficiary’s interim Trust Income with the upper limit of 6% / year, and there is still a surplus as the beneficiary’s total remaining trust income. The trustee shall distribute the trust income during the period according to the proportion of the trust fund accumulation of each beneficiary in the current settlement period to the total fund accumulation of the beneficiary’s trust in the current settlement period.
Trust fund product of the beneficiary in each settlement period = trust fund of the beneficiary × For the actual duration days in the current settlement period, the total trust fund accumulation of the beneficiary in the current settlement period is the sum of the fund accumulation of all beneficiaries in the current settlement period.
“Actual duration days of the trust unit in the current settlement period” refers to the days from the last income settlement date (inclusive) to the current income settlement date (exclusive): the first “actual duration days of the trust unit in the current settlement period” refers to the days from the establishment date (inclusive) of the trust plan in this period to the first income settlement date (exclusive) after the establishment of the trust plan in this period. “Actual duration days of the trust unit in the last settlement period” refers to the days from the latest income settlement date (inclusive) before the termination date of the trust plan in this period to the termination date (exclusive) of the trust plan in this period.
Trust income at the end of the period = total residual income of the trust X40%.
2. Distribution of trust interests
The trustee shall withdraw the trust income of the beneficiary in the current settlement period on each income settlement date, the trust income of the beneficiary withdrawn on each income settlement date shall be paid within 10 working days from the income settlement date, and the trust income of the beneficiary in the last settlement period shall be withdrawn on the end date of the trust plan, It shall be paid together with the distributed trust fund after completing the liquidation procedures agreed in this contract.
3. In principle, the trustee distributes trust funds to the beneficiaries when the trust plan terminates. If the investment principal is partially returned during the period involving the counterparty, the trustee recovers part of the investment principal through the transfer of the underlying assets, partially recovers the funds after the disposal of the trust property, and the trustee decides to distribute the trust funds to the beneficiary in proportion to the number of trust units held by the beneficiary within 10 working days after receiving the relevant funds.
3、 Main risk disclosure
1. Legal and policy risks
After the establishment of the trust plan, if the national financial, industrial and financial policies are adjusted, as well as the corresponding laws, regulations and normative legal documents are revised (including promulgation, abolition and modification), the market may fluctuate, which may directly or indirectly lead to the loss of trust property and the change of trust interests.
Changes in national macro or micro policies such as macroeconomic policy, industrial policy, fiscal policy, monetary policy, capital market policy and regulatory policy will have a certain impact on economic operation, loan using projects and the operating conditions of counterparties, which may directly or indirectly lead to the loss of trust property and changes in trust interests.
2. Market risk
Due to market fluctuations, it may lead to trust property losses and changes in trust interests, including but not limited to: (1) economic cycle risk. The economic operation is cyclical, and the macroeconomic operation may have an impact on the loan projects, which may have an impact on the trust interests and trust property.
(2) Interest rate risk. Fluctuations in interest rates in financial markets will lead to changes in prices and yields in bond and securities markets. At the same time, it will affect the cost and profit level of the counterparty, which may have an impact on the trust interests and trust property.
(3) Inflation risk. In case of inflation, the income obtained from the investment of the trust plan may be offset in whole or in part by inflation, which may have an impact on the trust interests and trust property.
3. Credit risk
The failure of the counterparty to perform its obligations may lead to the loss of trust property and changes in trust interests. It is mainly manifested in that in the process of asset delivery, guarantee, entrusted operation, performance commitment and other transactions, the counterparty, the operator, the fund custodian (custodian), etc. are unable or unwilling to perform the contractual commitments, especially the counterparty fails to perform the obligations of the asset trading framework agreement, the entrusted operation contract and other signed transaction documents due to various reasons, The trust property may suffer losses.
4. Liquidity risk
Within the trust term. If the counterparty fails to perform the obligation of asset delivery and return the purchase price in case of non delivery, it will take a certain time for the trustee to exercise its rights and dispose of the subject assets, and may not be able to distribute the trust interests to the beneficiary in time. In addition, unless the trustee agrees in writing, the beneficial right of the trust held by the secondary beneficiary (if any) shall not be transferred.
5. Manage risk
Due to the limitations of the trustee’s experience, skills and other factors, as well as the breach of contract of the transaction subject that the trustee cannot effectively monitor, it may affect the trustee’s possession of relevant information and judgment of economic situation in the process of managing the trust property, thus affecting the realization of trust interests.
6. Underlying asset market risk
During the trust period, the value of the underlying assets may be reduced due to various factors. Once the trust interests need to be realized through the disposal of the underlying assets, there may be a risk that the disposal value is not enough to offset the purchase price, thus affecting the realization of the trust interests.
4、 Risk response measures
1. Relevant personnel of the Finance Department of the company will timely analyze and track the investment direction of trust products and project progress. If risk factors that may affect the safety of the company’s funds are found in the assessment, corresponding measures will be taken in time to control investment risks;
2. The company’s internal audit department is responsible for internal audit and supervision on the investment of trust products and other matters; 3. The independent directors and the board of supervisors of the company shall supervise and inspect the use of funds, and may hire professional institutions to audit when necessary;
4. The company will disclose the purchase and profit and loss of financial products during the reporting period in the periodic report in accordance with the relevant provisions of Shenzhen Stock Exchange.
5、 Impact on the company’s operation
At present, the company is in normal operation and good financial condition. The company’s purchase of trust products with idle self owned funds is carried out on the premise of ensuring the company’s daily operation and capital safety, which will not affect the normal development of the company’s business. Through reasonable fund arrangement and effective risk control, appropriate venture capital can also effectively improve fund use efficiency, strengthen fund management ability and increase financial income.
6、 The company’s use of idle self owned funds for venture capital investment within 12 months before the announcement date
Unit: 10000 yuan
Trustee name product name product type entrusted fund source expected due amount on purchase date income
Dongguan trust Dingxin – non breakeven floating
Dongguan trust federal pooled funds information dynamic income 10000 own funds 2021-12-276.0% unexpired trust plan
Qifeng bianying No. 4 non breakeven floating
Dongguan securities collective asset management accrued income 3000 own funds 2021-07-074.5% unexpired plan
Private customers enjoy fof380 non breakeven float
Guotai Junan Securities Co.Ltd(601211) single asset management movable income 3000 own fund 2021-09-0110% unexpired plan
Private enjoyment No. 3548 fof non breakeven float
CICC wealth single asset management accrued income 3000 own funds 2021-09-138% unexpired plan
As of the date of this announcement, the company has used idle self owned funds for venture capital investment, and the amount that has not yet expired is
190 million yuan (including this time).
7、 Association description
There is no affiliated relationship between the company and the above trustees.
8、 Documents for future reference
(i) Dongguan trust
