Securities code: Changying Xinzhi Technology Co.Ltd(002664) securities abbreviation: Changying Xinzhi Technology Co.Ltd(002664) Announcement No.: 2022020 Changying Xinzhi Technology Co.Ltd(002664)
Announcement on the company's use of its own idle funds to purchase bank short-term 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. Important content tips:
1. Investment type: high security, medium and low risk non breakeven floating short-term bank financial products.
2. Investment amount: Changying Xinzhi Technology Co.Ltd(002664) (hereinafter referred to as "the company") (including subsidiaries included in the scope of the company's consolidated statements) uses its own idle funds of no more than 300 million yuan to purchase medium and low-risk non breakeven floating short-term bank financial products. Within the above limit, the funds can be used on a rolling basis, the income obtained from financial management can be reinvested, and the amount of income reinvestment is not included in the above limit.
3. Special risk tip: due to the great uncertainty in the selection of investment targets, market environment and other factors, please pay attention to the investment risk.
1、 Overview of investment
1. Investment purpose
In order to improve the use efficiency and income level of idle self owned funds, without affecting the normal operation, the company (including its subsidiaries included in the scope of the company's consolidated statements) uses part of its idle self owned funds to purchase short-term financial products of banks with high security, medium and low-risk non breakeven floating type, so as to increase the company's income and maximize the company's income. 2. Investment quota
The company (including its subsidiaries included in the scope of the company's consolidated statements) uses its own idle funds of no more than 300 million yuan to purchase medium and low-risk non breakeven floating short-term bank financial products. Within the above limit, the funds can be used on a rolling basis, and the income obtained from financial management can be reinvested, and the amount of income reinvestment is not included in the above limit. 3. Types of investment
The varieties of the company's investment with its own idle funds are non breakeven floating short-term bank financial products with high security and medium and low risk. The above investment varieties do not involve the provisions of the memorandum on information disclosure business of SME board No. 30: venture capital. The risk is low and the income is significantly higher than the bank deposit interest rate in the same period. It is an important financial management means for the company to improve the use efficiency of its own idle funds on the premise of controllable risk, The above investment products shall not be used for pledge. 4. Investment term: the term of investment products shall not exceed 12 months. The company guarantees that when funds are needed for major project investment or operation, it will terminate investment and financial management to meet its capital needs.
5. Source of funds: the source of funds is the company's own idle funds (including subsidiaries included in the company's consolidated statements).
6. Implementation method: in the name of the company (including subsidiaries included in the company's consolidated statements), authorize the general manager of the company to exercise the investment decision-making power within the limit, and the financial person in charge is responsible for the specific purchase; If the company purchases financial products of financial institutions other than commercial banks within this limit, the company will submit them to the general meeting of shareholders for deliberation. 2、 Review procedure
The 18th meeting of the 4th board of directors and the 17th meeting of the 4th board of supervisors held by the company on March 16, 2022 deliberated and adopted the proposal on the company using its own idle funds to purchase bank short-term financial products, which does not involve related party transactions.
The proposal still needs to be submitted to the general meeting of shareholders of the company for deliberation.
3、 Investment risk analysis and risk control measures
1. Investment risk analysis
The main risks faced by investing in medium and low-risk non breakeven floating short-term bank financial products are:
(1) Investment risk. Although the medium and low risk non breakeven floating short-term bank financial products belong to the medium and low risk investment varieties, the financial market is greatly affected by the macro-economy, and the income is affected by market fluctuations;
(2) The actual return of short-term investment is unpredictable;
(3) Operation and moral hazard of relevant personnel.
2. Risk control measures
(1) The funds within the above limit can only purchase low-risk non breakeven floating bank financial products for no more than 12 months, and shall not be used for securities investment, and shall not purchase financial products with unsecured bonds as the investment object.
(2) The Finance Department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If the evaluation finds 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. The use and custody of financial funds shall be subject to daily supervision by the audit department, and the use of funds shall be audited and verified from time to time.
(3) Independent directors shall inspect the use of funds, mainly by the audit committee of the board of directors.
(4) The board of supervisors of the company shall supervise and inspect the use of financial management funds.
(5) The company will disclose the purchase and profit and loss of financial products during the reporting period in the regular report in accordance with the relevant provisions of Shenzhen Stock Exchange.
4、 Impact of investment on the company
1. On the premise of ensuring the demand for daily operating funds, the company conducts investment and financial management with idle self owned funds appropriately, which will not affect the normal development of the company's main business.
2. Appropriate investment and financial management can improve the company's capital use efficiency, increase investment income, further improve the company's overall performance level, and seek more investment returns for the company's shareholders.
5、 Opinions issued by independent directors and board of supervisors
1. Opinions of independent directors
The independent directors carefully considered the company's proposal on the company's use of its own idle funds to purchase bank short-term financial products, conducted necessary reviews on the operation, finance, cash flow and internal control system of the company (including its subsidiaries included in the scope of the company's consolidated statements), and expressed the following opinions:
At present, the company (including subsidiaries included in the company's consolidated statements) operates well and has a stable financial situation. In order to improve the use efficiency of its own idle funds (including subsidiaries included in the company's consolidated statements), on the basis of ensuring the normal operation and capital safety of the company, the company uses its own idle funds to invest in bank financial products with high security, medium and low risk and non breakeven floating, so as to increase the investment income of the company, It is in line with the interests of the company and does not damage the interests of the company and all shareholders, especially minority shareholders. To sum up, we agree that the company (including its subsidiaries included in the scope of the company's consolidated statements) uses its own idle funds of no more than 300 million yuan to purchase the investment of medium and low-risk non breakeven floating bank financial products. The issuer of financial products must be a qualified financial institution registered in China.
If the company purchases principal guaranteed short-term financial products of financial institutions other than commercial banks within this limit, the company will also submit them to the general meeting of shareholders for deliberation.
2. Opinions of the board of supervisors
After review, the board of supervisors held that the company (including its subsidiaries included in the scope of the company's consolidated statements) used its own idle funds to purchase medium and low-risk non breakeven floating short-term financial products, and fulfilled the necessary approval procedures. In order to improve the fund use efficiency of the company (including subsidiaries included in the scope of the company's consolidated statements), make rational use of its own idle funds without affecting the normal operation of the company, improve the overall performance level of the company and seek more return on investment for the shareholders of the company. Therefore, we agree that the company (including its subsidiaries included in the scope of the company's consolidated statements) use its own idle funds of no more than 300 million yuan to purchase medium and low-risk non breakeven floating short-term financial products.
6、 Documents for future reference
1. Resolutions of the 18th meeting of the 4th board of directors;
2. Resolutions of the 17th meeting of the 4th board of supervisors;
3. Independent opinions of independent directors on matters related to the 18th meeting of the Fourth Board of directors.
It is hereby announced.
Changying Xinzhi Technology Co.Ltd(002664) board of directors
March 18, 2022
