Securities code: Netac Technology Co.Ltd(300042) securities abbreviation: Netac Technology Co.Ltd(300042) Announcement No.: 2022014 Netac Technology Co.Ltd(300042)
Announcement on using some idle raised funds and over raised funds to purchase bank financial 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.
Netac Technology Co.Ltd(300042) (hereinafter referred to as "the company") deliberated and adopted the proposal on continuous use of over raised funds and idle raised funds for cash management at the 15th (Interim) meeting of the 5th board of directors and the 10th (Interim) meeting of the 5th board of supervisors held on October 27, 2021 and the 3rd extraordinary general meeting of shareholders held on November 15, 2021 respectively, It is decided to continue to use the over raised funds and idle raised funds (including interest and wealth management income) with a limit of no more than 550 million yuan for cash management for the purchase of short-term wealth management products with high safety and good liquidity. Within the above limit, the funds can be used on a rolling basis. The term of this investment authorization is valid within one year from the date of deliberation and approval by the general meeting of shareholders (i.e. November 15, 2021 to November 14, 2022). Independent directors and sponsors of the company have issued clear consent opinions. For details, please refer to the company's announcement on cninfo.com on October 29, 2021（ http://www.cn.info.com.cn./ ）Announcement on continued use of over raised funds and idle raised funds for cash management (Announcement No.: 2021085).
According to the above resolution, the company used some idle raised funds of 150 million yuan, over raised funds of 30 million yuan and financial income of 9 million yuan, totaling 189 million yuan, to purchase corporate structured deposit products of China Everbright Bank Company Limited Co.Ltd(601818) Shenzhen Branch (hereinafter referred to as " China Everbright Bank Company Limited Co.Ltd(601818) ").
The details are as follows:
1、 China Everbright Bank Company Limited Co.Ltd(601818) basic information of corporate structured deposits
(I) basic information of this financial product
1. Product Name: customized phase III product of corporate structured deposits linked to exchange rate in 2022196
2. Product Code: 2022101040905
3. Issued to: general corporate customers
4. Currency of investment and income: RMB
5. Product type: Principal Guaranteed floating income type
6. Raising period: March 10, 2022 to March 10, 2022
7. Product establishment date: March 10, 2022
8. Product value date: March 10, 2022
9. Product expiration date: June 10, 2022
10. Purchase amount: 189 million yuan
11. Source of funds: some idle raised funds, over raised funds and financial income of the company
12. Expected rate of return (year): 1.50% / 3.30% / 3.40%
13. Product linked target: bfix USDJPY spot exchange rate announced by Bloomberg at 11:00 Tokyo time
Observation level and yield determination method: if the exchange rate on the observation day is less than or equal to n-12.240, the product yield shall be 1.5%; If the exchange rate on the observation day is greater than n-12.240 and less than N + 4.100, the yield shall be 3.3%; If the exchange rate on the observation day is greater than or equal to N + 4.100, the yield shall be 3.4%. N is the exchange rate of the linked target on T + 1 working days after the value date.
14. Product observation period: June 7, 2022
Product definition: This product is a RMB structured deposit product embedded with financial derivatives. The bank invests the raised structured deposit funds in bank time deposits, and invests in financial derivative transactions (including but not limited to derivative transactions such as options and swaps) in China or international financial markets within the upper limit of the income of the time deposit, The sum of investment profit and loss of financial derivative transactions and bank deposit interest constitutes the income of structured deposit products.
15. Derivatives linked targets: our structured deposit linked targets include foreign exchange derivatives, interest rate derivatives, precious metal index, etc.
Foreign exchange derivatives are mainly forward, swap and option transactions between foreign currency pairs. Linked currency pairs are mainly EURUSD, USDJPY, usdhkd and AUDUSD. The due interest is determined by observing the spot exchange rate between foreign currency pairs on the business duration or maturity date.
Interest rate derivatives include interest rate options, interest rate swaps, etc., which are mainly linked to foreign currency and RMB interest rates, including US dollar LIBOR, RMB Shibor, RMB treasury bond yield of each term, etc. the due interest is determined by observing the foreign currency or RMB interest rate level on the business duration or maturity date.
The precious metal index mainly refers to the price of gold, the interest on due deposits is linked to the price level of gold, and the price level of US dollar refers to the price of US dollar per ounce of gold.
16. Product income: This product is a principal guaranteed floating income product. The investment risks other than the principal and principal of the product are borne by the customer. China China Everbright Bank Company Limited Co.Ltd(601818) does not guarantee the final income of the customer. China China Everbright Bank Company Limited Co.Ltd(601818) is only limited to the actual investment income of this structured deposit product, On the investment cashing date, China China Everbright Bank Company Limited Co.Ltd(601818) will pay the due payment of structured deposit products calculated according to the following formula to the account designated by the customer:
Formula: expected return = product principal × Yield to maturity × Interest calculation method: 360 / 30
17. Calculation method of product income: interest calculation method 30 / 360: 30 days per month, 360 days per year, and the actual income is calculated by simple interest
18. Income: the purchase of China Everbright Bank Company Limited Co.Ltd(601818) corporate structured deposits is expected to bring the company a maximum income of about 1606500 yuan.
19. The company invested 189 million yuan in the purchase of China Everbright Bank Company Limited Co.Ltd(601818) corporate structured deposits, accounting for 17.77% of the company's latest audited net assets.
(II) risk warning of the structured deposit
According to the risk disclosure of China China Everbright Bank Company Limited Co.Ltd(601818) corporate structured deposit products, the structured deposit products include but are not limited to the following risks:
1. Policy risk: this structured deposit product is only designed for the current effective laws, regulations and policies; If the national macro policy, relevant laws and regulations and relevant policies change, it may affect the normal investment, cashing and other behaviors of the structured deposit product, resulting in the inability of the structured deposit product to obtain product income.
2. Market risk: during the duration of structured deposit products, the market interest rate may rise, but the yield of the product will not increase with the rise of market interest rate; Limited by different investment portfolios and specific strategies, the change trend of the return of structured deposit products is not necessarily consistent with the overall development trend of the market.
3. Risk of delayed payment: on the agreed investment payment date, if the relevant benefits cannot be distributed on schedule due to reasons such as the failure to realize the investment object in time or unexpected circumstances such as force majeure, the customer faces the risk of delayed payment of structured deposit products.
4. Liquidity risk: for products with a definite investment period, customers cannot redeem the product in advance before the expiration of the investment period.
5. Reinvestment risk: China China Everbright Bank Company Limited Co.Ltd(601818) may exercise the right of early termination within the investment period according to the product manual, resulting in the actual operation days of structured deposit products being shorter than the period agreed in the product manual. If the structured deposit product is terminated in advance, the customer may not realize all the expected earnings at the beginning of the period.
6. Risk of raising failure: during the raising period, the product may face the risk of raising failure due to market risks or the amount of funds raised by the product does not reach the minimum raising scale.
7. Information transmission risk: the customer shall query the relevant information of this structured deposit product according to the information disclosure method specified in the notice on the rights and interests of customers. If the customer fails to inquire in time, or due to the influence of communication failure, system failure and other force majeure factors, the customer cannot understand the information of structured deposit products in time, and thus affect the customer's investment decision, the resulting responsibilities and risks will be borne by the customer.
8. Risk of force majeure and accidents: if the customer or China China Everbright Bank Company Limited Co.Ltd(601818) is unable to perform the contract due to force majeure, the liability for breach of contract may be partially or completely exempted according to the impact of force majeure. Force majeure refers to unforeseeable, unavoidable and insurmountable objective conditions, including but not limited to natural disasters such as fire, earthquake and flood, war, military action, strike, epidemic, it system failure, communication system failure, power system failure, settlement system failure of the people's Bank of China, data error sent by stock exchanges and registration and settlement companies The suspension of the normal trading of the securities market caused by the suspension of the relevant laws and regulations of the exchange or the suspension of the normal trading of the securities market due to the change of the relevant laws and regulations of the country. If one party is unable to perform the contract due to force majeure, it shall notify the other party in time, take appropriate measures in time to prevent the expansion of product capital loss, and continue to perform the contract after the force majeure event disappears. If China China Everbright Bank Company Limited Co.Ltd(601818) cannot continue to perform the contract due to force majeure, China China Everbright Bank Company Limited Co.Ltd(601818) has the right to terminate the structured deposit product in advance and transfer the remaining funds of the customer's structured deposit product after force majeure to the customer's designated account agreed in the contract.
9. The specific risks listed above cannot exhaust all the risks of structured deposit products. The specific risks listed above are only used as examples and do not show China China Everbright Bank Company Limited Co.Ltd(601818) 's view on the future market trend.
2、 Association description
The company has no relationship with China Everbright Bank Company Limited Co.Ltd(601818) company.
3、 Risk control measures
Although the risk of China Everbright Bank Company Limited Co.Ltd(601818) the financial products is low, the financial market is greatly affected by the macro-economy, so it is not excluded that the investment is affected by market fluctuations. For investment risks, in addition to strictly implementing the company's internal control regulations on foreign investment, in order to effectively prevent investment risks, the company plans to take the following measures:
1. The company will make decisions, manage, inspect and supervise investment and wealth management products in strict accordance with the articles of association, foreign investment management system and other relevant provisions, and strictly control risks to ensure the safety of funds.
2. Establish a tracking and monitoring mechanism. The chief financial officer of the company is responsible for timely analyzing and tracking the investment direction of cash management products, and reporting the progress and abnormalities of cash management to the board of directors on a quarterly basis. If the assessment finds that there are risk factors that may affect the safety of the company's funds, he will take corresponding measures in time to control investment risks and report to the general manager and the board of directors in a timely manner.
3. The internal audit department of the company is responsible for the audit and supervision of the fund use and custody of cash management products. At the end of each quarter, it shall conduct a comprehensive inspection of all cash management products, reasonably predict the possible gains and losses of various investments according to the principle of prudence, and report to the audit committee.
4. 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.
5. According to the relevant regulations of Shenzhen Stock Exchange, the company will disclose the progress and implementation of cash management, relevant product investment and corresponding profit and loss in the regular report.
6. The cash management trustee of the company shall be a formal commercial bank and other financial institution, which has no relationship with the company.
7. Cash management products shall not be pledged, and the special settlement account for products (if applicable) shall not deposit non raised funds or be used for other purposes. If the special settlement account for products is opened or cancelled, the funds shall be transferred back to the special account for raised funds after the expiration of the investment period.
4、 Impact on the daily operation of the company
The company's use of some idle raised funds and over raised funds to purchase short-term financial products with high bank security and good liquidity is implemented within the limit and time limit authorized by the board of directors and the general meeting of shareholders of the company. It is implemented on the premise of ensuring the daily operation and capital safety of the company, and does not affect the normal capital turnover needs of the company, It will not affect the normal development of the company's main business. Through appropriate cash management, we can improve the company's capital use efficiency, obtain certain investment benefits, further improve the overall performance level of the company, and seek more return on investment for the company's shareholders.
5、 Purchase of financial products within 12 months before the announcement date
The purchase of financial products within 12 months before the date of this announcement is as follows:
Unit: 10000 yuan
Trustee name trustee product amount fund beginning and ending fund remuneration refer to the expected reporting period of the year. Whether the current year of the reporting period is an overview of future events (or the name of the trustee) (or trustee type, source date, date, investment, formalized income, actual loss, profit and loss, actual provision for impairment, whether there is any process and relevant name searcher) type rate (legal entrustment index of the recovery provision between the maximum (maximum benefit amount) (if high) if any) situation (if any) procedure financial plan (if any)
Guangdong Huaxing bank 18000 raised 20212021 - 3.70% 170.20 167.87 at maturity is Juchao Information Co., Ltd
