Securities code: Inner Mongolia Dazhong Mining Co.Ltd(001203) securities abbreviation: Inner Mongolia Dazhong Mining Co.Ltd(001203) Announcement No.: 2022033 Inner Mongolia Dazhong Mining Co.Ltd(001203)
Announcement on using idle raised funds to carry out agreed deposit business
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.
Inner Mongolia Dazhong Mining Co.Ltd(001203) (hereinafter referred to as “the company”) held the 16th meeting of the 4th board of directors and the 9th meeting of the 4th board of supervisors on May 28, 2021, deliberated and adopted the proposal on using some idle raised funds for cash management, and agreed that the company, on the premise of ensuring the construction needs of investment projects with raised funds, Use no more than 700 million yuan of idle raised funds to purchase low-risk breakeven financial products with high safety and good liquidity. For details, please refer to securities times, China Securities News, Securities Daily, Shanghai Securities News, economic information daily and cninfo.com published by the company on May 31, 2021（ http://www.cn.info.com.cn. ）Relevant announcements.
On March 10, 2022, Anhui jinrisheng Mining Co., Ltd., a wholly-owned subsidiary of the company (hereinafter referred to as “jinrisheng mining”) and China Citic Bank Corporation Limited(601998) carried out the agreed deposit business with idle raised funds of 50 million yuan. The relevant contents are hereby announced as follows:
1、 Main contents of this Agreement
1. Product Name: unit RMB settlement account deposit
2. Product subscription amount: 50 million yuan
3. Product term: from March 10, 2022. The actual execution period shall not exceed the validity period of the company’s board of directors authorizing the use of idle raised funds for cash management
4. Product start date: March 10, 2022
5. Product maturity date: the actual execution period shall not exceed the validity period of the company’s board of directors authorizing the use of idle raised funds for cash management
6. Type of interest rate: unit agreed deposit interest rate
7. Effective interest rate: 1.9%
8. Source of funds: idle raised funds
9. Description of association relationship: the company and its subsidiaries have no association relationship with China Citic Bank Corporation Limited(601998)
2、 Investment risk disclosure
China Citic Bank Corporation Limited(601998) agreement deposits are low-risk investments, but the financial market is greatly affected by the macro-economy. It is not ruled out that the investment is affected by policy risk, market risk, force majeure risk, etc. Therefore, the above expected annualized rate of return is not equal to the actual rate of return.
3、 Risk control measures
1. The company will handle the relevant cash management business in strict accordance with the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the guidelines for supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies, and the company’s measures for the management of raised funds.
2. The Finance Department of the company shall establish account management, establish and improve complete accounting accounts for the use of funds, and do a good job in the accounting of the use of 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. According to the relevant regulations of Shenzhen Stock Exchange, the company will disclose the purchase of financial products and corresponding profits and losses in the periodic report during the reporting period.
4、 Impact on the daily operation of the company
China Citic Bank Corporation Limited(601998) agreement deposits are principal guaranteed products with controllable risks. The company’s cash management of idle raised funds is carried out on the premise of ensuring the construction of investment projects of raised funds and the normal use of raised funds and ensuring the safety of raised funds. Full consideration is given to the company’s financial situation and investment plan, which is conducive to improving the use efficiency of idle raised funds and obtaining certain investment benefits, which is in line with the interests of the company and all shareholders. There is no behavior of changing the purpose of the raised funds in a disguised form, which will not affect the normal progress of the raised funds and the normal turnover of the company’s funds. 5、 Current cash management of idle raised funds
As of the date of this announcement, the company and its subsidiaries have used idle raised funds for cash management, with a total amount of 54763153775 yuan.
It is hereby announced.
Inner Mongolia Dazhong Mining Co.Ltd(001203) board of directors March 11, 2022
