Securities code: 002925 securities abbreviation: Xiamen Intretech Inc(002925) Announcement No.: 2022-003 Xiamen Intretech Inc(002925)
Announcement on using some idle self owned funds for cash management
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.
Xiamen Intretech Inc(002925) (hereinafter referred to as "the company") convened the 16th meeting of the 4th board of directors and the 16th meeting of the 4th board of supervisors on December 30, 2021, deliberated and adopted the proposal on using some idle self owned funds for cash management, and agreed that the company (including subsidiaries, the same below) without affecting normal production and operation, Use idle self owned funds of no more than RMB 2.3 billion for cash management, and plan to purchase financial products with high security, good liquidity and a maximum investment period of no more than 12 months for a single product. The service life is 12 months from the date of deliberation and approval by the board of directors of the company. Within the above service life and limit, the funds can be used on a rolling basis. The relevant matters are hereby announced as follows:
1、 Basic overview of cash management using idle self owned funds this time
(i) Investment purpose
In order to improve the use efficiency of funds and make rational use of short-term idle self owned funds, on the premise of ensuring that it does not affect the company's daily operation, the company plans to use some idle self owned funds for cash management in combination with the actual operation, and purchase financial products with high safety, good liquidity and a maximum investment period of no more than 12 months for individual products, so as to increase the company's income, Obtain more return on investment for the company and shareholders.
（2） Source of funds
The investment funds are idle self owned funds of the company. At present, the company has relatively abundant funds. On the premise of ensuring the working capital required by the company's daily operation, it is expected that there are more phased idle funds and the source of funds is legal and compliant. （3） Product varieties of cash management investment
In order to strictly control risks, the varieties of idle self owned funds invested by the company are financial products with high safety, good liquidity and the longest investment period of a single product is no more than 12 months. The company cannot use such funds to purchase financial products with stocks, interest rates, exchange rates and their derivatives as the main investment targets from banks and other financial institutions. （4） Investment quota and investment period
The company plans to use idle self owned funds of no more than RMB 2.3 billion for cash management and investment in financial products. The service life is 12 months from the date of deliberation and approval by the board of directors of the company. Within the above service life and limit, the funds can be used on a rolling basis.
（5） Validity of resolution
It shall be valid within 12 months from the date of deliberation and approval by the board of directors of the company.
（6） Implementation mode
Within the above-mentioned period and limit, the board of directors authorizes the president on duty and his authorized persons to exercise investment decision-making power and sign relevant legal documents, which shall be organized, implemented and managed by the chief financial officer. The financial products purchased by the company shall not be used for pledge.
（7） Information disclosure
The company will do a good job in relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange and other regulatory authorities.
2、 Reasons for temporary idleness of some self owned funds
In view of the company's good operation, stable financial position and abundant cash flow, some of its own funds are temporarily idle on the premise of ensuring that it does not affect the normal operation capital demand and capital safety.
3、 Investment risk and control measures
(i) Investment risk
Although the investment and wealth management products are low-risk and short-term wealth management products, and the company will undergo strict evaluation before implementation, the financial market is greatly affected by the macro economy. It is not ruled out that the investment is affected by market fluctuations and faces risks such as income fluctuation risk, liquidity risk and unpredictable actual income; Operation, supervision and risk management of relevant staff.
（2） Risk control measures
1. After the approval of the board of directors, the president on duty and his authorized persons are authorized to exercise the investment decision-making power and sign relevant legal documents. The chief financial officer of the company is responsible for organizing the implementation, and the financial department is the specific handling department. According to the company's financial status, cash flow status, interest rate changes and the resolution of the board of directors on investment and wealth management, the financial department judges the capital source, investment scale and expected income of wealth management, and reviews the content and risk assessment of wealth management products.
2. The financial department of the company will timely analyze and track the progress. Once it is found that there are risk factors that may affect the safety of the company's funds, it will take corresponding measures in time to control the investment risk.
3. The Audit Department of the company is responsible for auditing and supervising the use and custody of the company's funds for purchasing financial products, comprehensively inspecting all investment projects of financial products every quarter, reasonably predicting the possible gains and losses of various investments according to the principle of prudence, and reporting to the board of directors and audit committee of the company. 4. The independent directors and the board of supervisors have the right to inspect the company's investment in financial products regularly or irregularly, and can hire professional institutions to audit when necessary.
5. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange and other regulatory authorities.
4、 Impact on the company
1. Based on the principles of standardized operation, risk prevention, prudent investment, value preservation and appreciation, the company uses some idle self owned funds to buy low-risk and liquid financial products, which is implemented on the premise of ensuring the working capital required for the company's daily operation and will not affect the company's normal production and operation.
2. Through appropriate cash management of some idle self owned funds, the company can improve capital use efficiency, increase investment benefits, further improve the overall performance level of the company and obtain more investment returns for the shareholders of the company.
5、 Relevant review and approval procedures
(i) Deliberations of the board of directors
In order to improve the use efficiency of funds, make rational use of some idle self owned funds and increase the company's income, on the premise of ensuring that the company's daily operation is not affected, the board of directors agrees that the company uses idle self owned funds of no more than RMB 2.3 billion for cash management, and plans to purchase financial products with high safety, good liquidity and a maximum investment period of no more than 12 months for a single product. The service life is 12 months from the date of deliberation and approval by the board of directors of the company. Within the above service life and limit, the funds can be used on a rolling basis. The board of directors agrees to authorize the president on duty and his authorized persons to exercise investment decision-making power within the above limit and sign relevant legal documents, which shall be organized, implemented and managed by the chief financial officer.
（2） Deliberations of the board of supervisors
After deliberation, the board of supervisors held that the decision-making procedures for the company to use some idle self owned funds for cash management this time comply with relevant regulations. On the premise of ensuring that the company's daily operation is not affected, the company uses idle self owned funds of no more than RMB 2.3 billion for cash management, and plans to purchase with high safety, good liquidity Financial products with a single product investment period of no more than 12 months are conducive to improving the efficiency of capital use and do not harm the interests of shareholders. The use of idle self owned funds for cash management has fulfilled the necessary review procedures, in line with the provisions of relevant laws and regulations and in line with the interests of the company and all shareholders. The company agrees to use some idle self owned funds for cash management this time.
（3） Opinions of independent directors
The company uses some idle self owned funds for cash management. The contents and procedures comply with relevant laws and regulations such as the guidelines for standardized operation of listed companies of Shenzhen Stock Exchange and the company's investment and wealth management system. On the premise of ensuring that the company's daily operation is not affected, the company uses idle self owned funds of no more than RMB 2.3 billion for cash management, It is planned to purchase financial products with high security, good liquidity and the longest investment period of a single product of no more than 12 months, which is conducive to improving the efficiency of capital use and increasing the investment income of the company, will not have an adverse impact on the company's business activities, is in line with the interests of the company, and does not harm the interests of the company and all shareholders, especially small and medium-sized shareholders. Independent directors unanimously agree that the company uses some idle self owned funds for cash management.
6、 Documents for future reference
1. Resolution of the 16th meeting of the 4th board of directors.
2. Resolution of the 16th meeting of the 4th board of supervisors.
3. Independent opinions of independent directors on matters related to the 16th meeting of the Fourth Board of directors of the company. It is hereby announced.
Xiamen Intretech Inc(002925) board of directors
January 4, 2022
