Securities code: Anhui Ankai Automobile Co.Ltd(000868) securities abbreviation: Anhui Ankai Automobile Co.Ltd(000868) Announcement No.: 2022031 Anhui Ankai Automobile Co.Ltd(000868)
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.
On March 18, 2022, Anhui Ankai Automobile Co.Ltd(000868) (hereinafter referred to as “the company”) held the 13th meeting of the 8th board of directors. At the meeting, the proposal on using its own idle funds for investment and wealth management was deliberated and adopted by 9 votes in favor, 0 votes against and 0 abstentions, and submitted to the 2021 annual general meeting of shareholders of the company for voting. The specific contents are announced as follows:
1、 The use of self owned idle funds for investment and financial management this time
1. Investment purpose
In order to improve the use efficiency of the company’s funds, increase the income of the company’s cash assets and maximize the interests of shareholders, we use our own idle funds for investment and financial management under the condition of ensuring the capital demand of daily operation and effectively controlling investment risks.
2. Investment amount
The amount of domestic investment shall not exceed 600 million yuan.
3. Investment products
The company will strictly control risks in accordance with relevant regulations, strictly evaluate financial products, and mainly purchase bank financial products with high security, good liquidity, low risk and investment period of no more than 12 months, including but not limited to agreed deposits, structured deposits, etc.
4. Source of funds
For the company’s own funds, the company’s fund revenue and expenditure shall be reasonably calculated and arranged during specific investment, which shall not affect the company’s daily business activities.
5. Authorization and authorization period
After the above matters have been deliberated and approved by the board of directors and the 2021 annual general meeting of shareholders of the company, the company is authorized to authorize the chairman of the company to sign all instruments of bank financial products. If the above limit is exceeded, it shall be implemented after being approved by the board of directors. The authorization period is 12 months from the date of deliberation and approval by the 2021 annual general meeting of shareholders.
2、 Investment risk and risk control measures
1. Investment risk
The financial market is affected by the macro-economy, and it is not ruled out that the investment is affected by market fluctuations.
2. Risk control measures
(1) When purchasing bank financial products, the company will choose investment products with good bank liquidity, high security and investment period of no more than 12 months, and clarify the amount, period, investment varieties, rights, obligations and legal liabilities of both parties.
(2) The financial department of the company will be responsible for the specific implementation. Be responsible for formulating the plan for purchasing financial products, reasonably purchasing financial products and establishing investment accounts, timely analyzing and tracking the investment direction, net value change and project progress of financial products, and timely taking corresponding measures to control investment risks if risk factors that may affect the safety of the company’s funds are found in the evaluation.
(3) Independent directors have the right to inspect their investment products regularly or irregularly, and can hire professional institutions to audit when necessary.
3、 Impact of using self owned idle funds for investment and financial management on the company
The company has fully estimated and calculated the risks and benefits of purchasing financial products and the future capital demand. Using its own idle funds for investment and financial management will not affect the company’s daily operation and the development of its main business. The investment of financial products is conducive to improving the use efficiency of the company’s idle self owned funds, obtaining a certain investment income, further improving the overall performance level of the company and obtaining more investment returns for shareholders, which is in line with the interests of the company and all shareholders.
4、 Opinions of independent directors
The independent directors of the company believe that the company has established a relatively perfect internal control system and system, which can be effectively implemented. The company uses its own idle funds for investment and financial management, which is conducive to improving the use efficiency of the company’s funds, will not affect the company’s daily operation and the development of its main business, and will not harm the interests of minority shareholders.
3、 Documents for future reference
1. Anhui Ankai Automobile Co.Ltd(000868) resolutions of the 13th meeting of the 8th board of directors; 2. Relevant independent opinions of independent directors.
It is hereby announced
Anhui Ankai Automobile Co.Ltd(000868) board of directors March 22, 2022
