Securities code: Xiamen King Long Motor Group Co.Ltd(600686) securities abbreviation: Xiamen King Long Motor Group Co.Ltd(600686) No.: pro 2022011 Xiamen King Long Motor Group Co.Ltd(600686)
Announcement on the company's use of idle self owned funds for entrusted financial management in 2022
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Entrusted financial management trustee: Bank of deposit of the company
Amount of entrusted financial management: the company and its subsidiaries use idle funds for entrusted financial management, and the upper limit of entrusted financial management balance in 2022 will not exceed 5.17 billion yuan
Entrusted financial investment type: fixed income or low-risk financial products
This matter shall be submitted to the general meeting of shareholders for deliberation
1、 Entrusted financial management
(I) basic information of entrusted financial management
In order to improve the use efficiency of funds and reduce financial costs, on the premise of ensuring the safety of funds, Xiamen King Long Motor Group Co.Ltd(600686) (hereinafter referred to as the "company", Xiamen King Long Motor Group Co.Ltd(600686) ) and its subsidiaries Xiamen Jinlong United Automobile Industry Co., Ltd. (hereinafter referred to as "Jinlong united") and Xiamen Jinlong station wagon Co., Ltd. (hereinafter referred to as "Jinlong station wagon") Jinlong United Automobile Industry (Suzhou) Co., Ltd. (hereinafter referred to as "Suzhou Jinlong"), Xiamen Xiamen King Long Motor Group Co.Ltd(600686) body Co., Ltd. (hereinafter referred to as "Jinlong body") Xiamen Xiamen King Long Motor Group Co.Ltd(600686) New Energy Technology Co., Ltd. (hereinafter referred to as "Jinlong new energy") and Jinlong Longhai Investment Co., Ltd. (hereinafter referred to as "Jinlong Longhai") can use their own idle funds to purchase fixed income or low-risk short-term financial products of financial institutions (including banks, securities, funds, trusts, etc.).
(II) estimated amount of entrusted financial management in 2022
The company and its subsidiaries use idle funds for short-term entrusted financial management, and the financial management period is less than one year. The details are as follows:
No. Company Name: upper limit of entrusted financial management balance in 2022
(10000 yuan)
1. Jinlong group 8000000
2. Jinlong United 14000000
3 Jinlong station wagon 15000000
4 Suzhou Jinlong 10000000
35000 Jinlong body
6. Jinlong new energy 1200000
7 jinlonghai-
Total 51700000
The board of directors authorizes the chairman to approve the appropriate adjustment of the upper limit of the balance of entrusted financial management of the company and its subsidiaries according to the actual situation under the condition that the total upper limit of the balance of entrusted financial management remains unchanged.
2、 Approval procedures to be performed within the company
This matter has been deliberated and approved at the 12th meeting of the 10th board of directors of the company and needs to be submitted to the general meeting of shareholders of the company for deliberation.
3、 Basic information of the subject of the entrusted financial management agreement
The counterparty of the financial products to be purchased by the company is the opening bank of the company, and there is no other relationship between the counterparty and the company in terms of property rights, assets, creditor's rights, debts, personnel, etc.
4、 Impact of entrusted financial management on the company
The company's account funds are based on the premise of ensuring operational revenue and expenditure. The financial management business carried out by the company is not for the purpose of medium and long-term investment. It is only for the daily working capital. When the bank account funds are idle for a short time, in order to improve the efficiency of capital use and reduce financial costs, the company purchases short-term bank financial products with fixed income or low risk. The capital cycle for financial management is short, which does not affect the development of the company's main business, and is conducive to further improve the overall income of the company, which is in line with the interests of the company and all shareholders. Therefore, entrusted financial management will not have an adverse impact on the company. 5、 Risk control analysis
For the bank financial management business carried out by the company, by selecting short-term bank financial products, the investment risks caused by policy changes of bank financial products can be avoided; In addition, the banks that the company purchases financial products are commercial banks that cooperate more with the company's daily business. The management of financial business is standardized and the risk of financial products is strictly controlled. Through the daily business transactions with cooperative banks, the company can timely grasp the dynamic changes of the purchased financial products, so as to reduce the investment risk.
6、 Opinions of independent directors
The independent directors of the company believe that: on the premise of complying with national laws and regulations, ensuring the safety of purchase funds and ensuring that the normal production and operation of the company are not affected, the company uses its own funds temporarily idle to purchase financial products of low-risk financial institutions, which is conducive to improving the use efficiency of its own funds and obtaining certain investment income, which is in line with the interests of the company and all shareholders. There is no situation that damages the interests of the company or the interests of minority shareholders.
7、 Directory of documents for future reference
1. Xiamen King Long Motor Group Co.Ltd(600686) the resolution of the 12th meeting of the 10th board of directors
2. Xiamen King Long Motor Group Co.Ltd(600686) independent directors' independent opinions on matters related to the 12th meeting of the 10th board of directors are hereby announced.
Xiamen King Long Motor Group Co.Ltd(600686) board of directors March 17, 2022
