Securities code: 300133 securities abbreviation: Zhejiang Huace Film And Tv Co.Ltd(300133) Announcement No.: 2021-086 Zhejiang Huace Film And Tv Co.Ltd(300133)
Announcement on continuing to use idle self owned funds to purchase financial products
The company and all members of its board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Zhejiang Huace Film And Tv Co.Ltd(300133) (hereinafter referred to as "the company") deliberated and adopted the proposal on increasing the investment varieties of idle self owned funds to purchase financial products at the 14th meeting of the Fourth Board of directors and the 12th meeting of the Fourth Board of supervisors on June 12, 2021 and the second extraordinary general meeting of shareholders in 2021 on June 28, 2021, It is agreed that the company will use the idle self owned funds of no more than RMB 2 billion to purchase financial products. The validity period is from the date of deliberation and approval of this general meeting of shareholders to the date of holding the 2021 annual general meeting of shareholders of the company, and the authorization period of this fund is about to expire.
In order to continuously improve the use efficiency of funds, make rational use of idle self owned funds and increase the company's capital income, on December 31, 2021, the 18th meeting of the Fourth Board of directors and the 16th meeting of the Fourth Board of supervisors respectively deliberated and adopted the proposal on continuing to use idle self owned funds to purchase financial products, It is agreed that the company shall purchase financial products of financial institutions with idle self owned funds of no more than 3 billion (inclusive), which shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders. The total amount at any time shall not exceed 3 billion yuan, but the cumulative amount shall not exceed 15 billion yuan (inclusive). Within the above investment limit, the funds can be used on a rolling basis. The details are as follows:
1、 Investment overview
1. Investment purpose: in order to improve the use efficiency of funds and make rational use of idle self owned funds, the company uses temporarily idle self owned funds to purchase financial management without affecting the company's normal operation and controllable risk.
2. Investment quota: the total amount at any time point shall not exceed RMB 3 billion, but the cumulative amount shall not exceed RMB 15 billion (inclusive). Within the above investment limit, the funds can be used on a rolling basis.
3. Investment varieties: (1) financial products with good liquidity, high security and relatively high investment return, such as principal guaranteed, low and medium risk, new fund, including but not limited to principal guaranteed, low and medium risk, new fund and other financial products, such as income certificate, structured deposit, new fund, etc; (2) Reverse repurchase of treasury bonds; (3) Monetary Fund; (4) CDB bonds; (5) Trust products with high security and good liquidity; (6) It shall not be used for other securities investment and shall not purchase financial products with stocks and their derivatives as the investment object.
4. Term of validity and investment period: the term of validity shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders. The investment period of a single financial product shall not exceed one year.
5. Source of funds: idle self owned funds.
2、 Investment risk analysis and risk control measures
1. Investment risk
(1) Although financial products have been strictly evaluated and belong to low-risk investment products, the financial market is greatly affected by the macro-economy, and it is not ruled out 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.
(3) Risk of fund deposit and use.
(4) Operation and monitoring risks of relevant staff.
2. Risk control measures
(1) After the approval of the board of directors, the management of the company shall be authorized to organize the implementation. Relevant financial personnel of the company will timely analyze and track the progress. If risk factors that may affect capital security are found in the assessment, corresponding measures will be taken in time to control investment risks.
(2) The company will strictly abide by the principle of prudent investment, choose principal guaranteed, low and medium risk, new fund and other financial investment varieties, and do according to its ability. When selecting investment opportunities and investment varieties, the financial management center is responsible for reviewing the product investment documents of financial institutions, consulting financial, legal and securities professionals when necessary, putting forward investment reference opinions and reporting to the management of the company for approval.
(3) The internal audit department of the company shall supervise the business of purchasing financial products, review the approval, actual operation, fund use and profit and loss of financial services, urge the financial management center to handle accounts in time and verify the accounting treatment.
(4) According to the established entrusted financial management system, the company effectively prevents and controls investment risks, and does a good job in relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
(5) Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and may hire professional institutions to audit when necessary.
(6) The office of the board of directors of the company is responsible for timely performing the obligation of information disclosure in accordance with the relevant provisions of the CSRC and Shenzhen Stock Exchange.
3、 Impact on the company
The company adheres to the principles of standardized operation, risk prevention, prudent investment, value preservation and appreciation. On the premise of ensuring the daily operation and capital safety of the company, the company purchases financial products with idle self owned funds, which is conducive to improving the investment income and capital use efficiency of the company, obtaining better investment return, and will not affect the normal turnover of the company's daily capital and the normal development of its main business, Fully protect the interests of all shareholders.
4、 Opinions of independent directors
We believe that under the condition of ensuring the normal operation of the company's main business and capital safety, the appropriate use of idle self owned funds to purchase financial products is conducive to improving the use efficiency of funds and increasing income on the premise of controlling risks, will not have an adverse impact on the company's business activities, is in line with the interests of the company, and will not damage the company and all shareholders, Especially the interests of minority shareholders. Therefore, it is agreed that the company will use idle self owned funds of no more than 3 billion yuan for investment and financial management, and it is agreed to submit the proposal to the general meeting of shareholders of the company for deliberation.
5、 Opinions of the board of supervisors
After review, the board of supervisors of the company believes that under the condition of ensuring the demand for normal operating funds, the company's use of idle self owned funds to purchase financial products is conducive to improving the efficiency of fund use and will not have an adverse impact on the company's operation. It agrees that the company uses idle self owned funds of no more than RMB 3 billion for investment and financial management. Agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
6、 Opinions and conclusions of the recommendation institution
After verification, Huatai United Securities believes that: Zhejiang Huace Film And Tv Co.Ltd(300133) the purchase of financial products with idle self owned funds has been deliberated and approved by the board of directors and the board of supervisors of the company, and the independent directors have issued clear consent opinions, which needs to be deliberated and approved by the general meeting of shareholders of the listed company, which is in line with the Listing Rules of GEM stocks of Shenzhen Stock Exchange Relevant provisions such as the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange; Under the condition of ensuring the normal operation of the main business and capital safety of the listed company, the purchase of financial products is conducive to further improve the capital use efficiency of the listed company and improve the investment income of the listed company, which is in line with the interests of the listed company.
In conclusion, the sponsor has no objection to Zhejiang Huace Film And Tv Co.Ltd(300133) using idle self owned funds to purchase financial products. 7、 Directory of documents for future reference
1. Resolutions of the 18th meeting of the 4th board of directors;
2. Independent opinions of independent directors on relevant matters; 3. Resolutions of the 16th meeting of the 4th board of supervisors; 4. Verification opinions of the recommendation institution. It is hereby announced.
Zhejiang Huace Film And Tv Co.Ltd(300133) board of directors December 31, 2021
