Securities code: 002625 securities abbreviation: Kuang-Chi Technologies Co.Ltd(002625) Announcement No.: 2022-004
Kuang-Chi Technologies Co.Ltd(002625)
Announcement on the progress of cash management with idle raised funds
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.
Kuang-Chi Technologies Co.Ltd(002625) (hereinafter referred to as "the company") deliberated and adopted the proposal on continuing to use some idle raised funds for cash management at the 14th meeting of the Fourth Board of directors, the 11th meeting of the Fourth Board of supervisors and the second extraordinary general meeting of shareholders in 2021 held on December 23, 2021, It is agreed that the company and its related subsidiaries and subsidiaries shall use the temporarily idle raised funds of no more than 400 million yuan for cash management to purchase financial products with high safety, good liquidity and guaranteed principal under the premise of ensuring that the construction of the raised funds and the use of the raised funds will not be affected. The service life shall be 12 months from the date of deliberation and approval by the general meeting of shareholders of the company, Within the validity period of the above quota and resolution, it can be recycled and used. The independent directors, the board of supervisors and the recommendation institution of the company have expressed their explicit consent. For details, please refer to cninfo.com.cn Relevant announcements (No. 2021-073, No. 2021-074 and No. 2021-079).
The implementation progress of the company's cash management with idle raised funds is hereby announced as follows:
1、 Basic information of cash management
Product name of the entrusting party and the entrusted party
(10000 yuan) date type
Shenzhen Guangqi China Citic Bank Corporation Limited(601998) shares shall not exceed
In 2021, the company's large sum deposit Technology Co., Ltd. passed the shareholder large sum deposit Technology Co., Ltd. Shenzhen City Guangdan 500001, and the meeting decided to have the daily validity period of the flagship branch of the single company field
2、 Approval procedure
The proposal on continuing to use some idle raised funds for cash management has been deliberated and adopted at the 14th meeting of the 4th board of directors, the 11th meeting of the 4th board of supervisors and the second extraordinary general meeting of shareholders in 2021, and the independent directors, the board of supervisors and the sponsor have expressed their explicit consent. The amount and duration of this purchase of financial products are within the scope of approval, and there is no need to submit them to the board of directors and the general meeting of shareholders for deliberation. 3、 Investment risk and risk control measures
1. Investment risk
Although some idle raised funds are used for cash management this time, the investment category is a low-risk category, but the financial market is greatly affected by the macro-economy. The company will intervene in a timely and appropriate amount according to the economic situation and changes in the financial market, but it does not rule out the risk that the investment is subject to market fluctuations.
2. Risk control measures
For investment risks, the above investment shall be carried out in strict accordance with the relevant provisions of the company to effectively prevent investment risks and ensure capital safety. The measures to be taken are as follows:
(1) The company will timely analyze and track the investment direction of investment products and project progress. If the assessment finds that there are risk factors that may affect the company's capital safety, the company will timely take corresponding measures to control investment risks; (2) The Audit Department of the company is responsible for auditing and supervising the use and custody of low-risk investment funds;
(3) 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 Finance Department of the company must establish accounts to manage short-term investment products, establish and improve accounting accounts, and do a good job in accounting the use of funds;
(5) The company will disclose the investment of risk short-term investment products and corresponding profits and losses in the periodic report in strict accordance with the relevant provisions of the CSRC and Shenzhen Stock Exchange.
4、 Impact of cash management on the company
The company and its related subsidiaries and subsidiaries continue to use part of the temporarily idle raised funds for cash management on the premise of ensuring the funds required by the company and its related subsidiaries and subsidiaries for investment projects and ensuring the safety of the raised funds, The continued use of some idle raised funds for cash management does not change the purpose of raised funds in a disguised manner, does not affect the normal progress of raised funds projects, is conducive to improving fund use efficiency, reducing financial expenses, reducing operating costs, and obtaining certain investment income, which is in line with the interests of the company and all shareholders.
5、 The company's use of idle raised funds for cash management within 12 months before the announcement date
As of the date of this announcement, the company has conducted cash management with temporarily idle raised funds, and the undue balance is RMB 3905 million (including cash management products involved in this announcement).
6、 Documents for future reference
1. Agreement on relevant bank financial products
It is hereby announced.
Kuang-Chi Technologies Co.Ltd(002625)
Board of directors
January 1, 2002
