Securities code: 000801 securities abbreviation: Sichuan Jiuzhou Electronic Co.Ltd(000801) Announcement No.: 2022008 Sichuan Jiuzhou Electronic Co.Ltd(000801)
About the expected use of self owned idle funds in 2022
Announcement on purchasing 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.
Sichuan Jiuzhou Electronic Co.Ltd(000801) (hereinafter referred to as "the company") held the fourth meeting of the 12th board of directors in 2021 on December 31, 2021, deliberated and adopted the proposal on the expected use of idle self owned funds to purchase financial products in 2022: on the premise of ensuring the daily operation capital demand and capital security, the company and its subsidiaries, In 2022, it is proposed to use idle self owned funds not exceeding the maximum amount of RMB 760 million to buy short-term low-risk financial products of banks, securities companies and other financial institutions. The proposal is within the authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
1、 Overview of investment and financial products
1. Investment quota
The total amount of funds used by the company and its holding subsidiaries for financial management shall not exceed 760 million yuan, and the amount can be recycled and rolled.
2. Investment varieties
The financial allocation direction is mainly banks and securities companies with high security and short-term low-risk financial products, including but not limited to bank structured deposits, securities principal guaranteed income certificates, Treasury reverse repurchase, steady snowball and other products, with a term of less than 12 months.
3. Source of funds
The investment fund is the idle self owned fund of the company, which is implemented on the premise of ensuring the fund use plan and working capital required for daily operation of the company and its subsidiaries.
4. Investment period
The investment period is from the date of deliberation and approval at the fourth meeting of the 12th board of directors in 2021 to December 31, 2022.
5. Implementation mode
The board of directors of the company authorizes the management of the company to implement specific matters within the above limit.
2、 Investment risk analysis and risk control measures
(i) Investment risk
1. Market risk: although "short-term low risk + breakeven floating income" products belong to low-risk investment varieties, the financial market is greatly affected by the macro-economy, and it is not excluded that the investment is affected by market fluctuations.
2. Income risk: the company will intervene appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable.
3. Operational risk: operational risk of relevant staff.
（2） Risk control measures
1. Abide by the company's foreign investment management system: strictly abide by the company's foreign investment management system to control investment and financial risks. The company carefully selects investment opportunities in combination with its actual operation, dynamically adjusts the investment amount within the scope of authorization, and takes corresponding measures to control risks in time if risk factors that may affect the safety of the company's funds are found.
2. Tracking financial products: the company arranges special personnel to regularly analyze and evaluate financial products and track the latest developments of financial products. If adverse circumstances are judged or found, timely take measures to control investment risks to the greatest extent and ensure the safety of the company's funds.
3. Establish special account management for financial management: establish special account management for investment and financial management funds, and check the investment funds regularly. The internal audit department of the company is responsible for internal audit and supervision on the use and custody of funds of financial products, and shall conduct a comprehensive inspection on all financial products at the end of each quarter.
3、 Investment purpose and impact on the company
On the premise of ensuring the funds required for the daily operation turnover of the company and its holding subsidiaries, in order to improve the use efficiency of funds and increase the income of cash assets, combined with the company's business plan, the company and its holding subsidiaries plan to use their own idle funds to purchase financial products.
The company's use of idle funds to purchase financial products is implemented on the premise of ensuring the working capital required for the company's daily operation, which will not affect the normal development of the company's main business; Appropriate investment in financial products can improve the efficiency of fund use, obtain certain investment income and increase the return to shareholders.
4、 Opinions of independent directors
The independent directors believe that, without affecting the normal business activities of the company, the company intends to use idle self owned funds with an amount of no more than RMB 760 million to buy low-risk short-term financial products, which is conducive to improving the use efficiency of funds and increasing the company's income, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders, In line with the interests of all shareholders of the company; The company's decision-making procedures for purchasing financial products with idle self owned funds comply with the articles of association, measures for the administration of foreign investment and other relevant provisions. Therefore, it is unanimously agreed to use its own idle funds to purchase financial products.
5、 Documents for future reference
1. Sichuan Jiuzhou Electronic Co.Ltd(000801) resolution of the fourth meeting of the 12th board of directors in 2021.
2. Independent opinions of independent directors on relevant proposals of the fourth meeting of the 12th board of directors in 2021.
It is hereby announced.
Sichuan Jiuzhou Electronic Co.Ltd(000801) board of directors January 4, 2002
