Securities code: Foshan Nationstar Optoelectronics Co.Ltd(002449) securities abbreviation: Foshan Nationstar Optoelectronics Co.Ltd(002449) Announcement No.: 2022015 Foshan Nationstar Optoelectronics Co.Ltd(002449)
Announcement on continuing to use self owned funds for entrusted financial 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.
Important:
1. Investment type: financial products with high security, good liquidity, low risk and short-term holding (no more than 1 year), which do not involve high-risk investment types.
2. Investment amount: the total amount at any time point shall not exceed 150 million yuan.
3. If the entrusted financial products are not affected by the macro-economic market fluctuation, it is suggested that the investment products of the company are not affected by the macro-economic market, but other financial products are excluded. Please pay attention to investment risks.
Foshan Nationstar Optoelectronics Co.Ltd(002449) (hereinafter referred to as “the company”) held the 17th meeting of the 5th board of directors and the 14th meeting of the 5th board of supervisors on March 22, 2022. The meeting deliberated and adopted the proposal on continuing to use its own funds for entrusted financial management, in order to continuously improve the operation efficiency and income level of the company’s own funds, The board of directors agrees that the company and its holding subsidiaries use their own funds with a balance of no more than 150 million yuan for entrusted financial management, and the funds can be used on a rolling basis within this limit. The specific contents are as follows: first, the specific contents of entrusted financial management
1. Purpose of entrusted financial management:
According to the company’s development strategy, on the premise of ensuring the capital needs of daily production and operation and investment and construction projects, without affecting normal operation and effectively controlling investment risks, entrust the stock idle funds within a certain period of time to professional asset management institutions, select appropriate financial management varieties according to the requirements of maintaining and increasing the value of the company’s assets, operate and manage assets on behalf of the company, and make rational use of its own funds, Fully improve the efficiency of capital use and the rate of return on capital, and maximize the income of the company and shareholders.
2. Financial management quota: the company and its holding subsidiaries use their own funds with a balance of no more than 150 million yuan for entrusted financial management. Within this quota, the funds can be used on a rolling basis.
3. Investment varieties: financial products with high security, good liquidity, low risk and short-term holding (no more than 1 year), which do not involve high-risk investment varieties.
4. Source of funds: self owned funds of the company and its holding subsidiaries and other qualified funds.
5. Implementation period of entrusted financial management: within 1 year from the date of deliberation and approval by the general meeting of shareholders, this period refers to the period of the implementation start date of entrusted financial management varieties.
2、 Approval procedures to be performed for entrusted financial management
According to relevant laws and regulations and relevant provisions of the articles of association, the amount of entrusted financial management accounts for 40% of the audited net assets of the company at the end of 2021. After being deliberated and approved by the board of directors, it shall be submitted to the general meeting of shareholders for deliberation and approval. The company has no affiliated relationship with the trustee and does not constitute a connected transaction.
3、 Risks and control measures of entrusted financial management
(I) related risks
1. The objects to be entrusted by the company are all low-risk financial products, but there are still some systemic risks due to the changes of monetary policy, exchange rate change, fiscal policy, industrial policy and other macro policies and relevant laws, regulations and policies.
(II) risk control measures
1. Although the above financial products belong to low-risk investment varieties, the financial market is greatly affected by the macro-economy, and it is not ruled out that the investment is affected by market fluctuations. The company and the person in charge of finance will timely analyze and track the investment direction of financial products and the progress of the project, and take corresponding measures in time in combination with the current economic situation and the changes of the financial market. If the evaluation finds that there are conditions that may affect the company’s capital safety or affect the normal capital flow demand.
2. The company’s independent directors, the audit committee of the board of directors and the board of supervisors have the right to supervise and inspect the use of the above idle self owned funds, and can hire professional institutions to audit when necessary.
4、 Impact on the company
The company and its holding subsidiaries use their own funds for flexible financial management, which is conducive to improving the income and capital use efficiency of the company and its holding subsidiaries, improving the overall income of the company, and will not affect the development of the main business and normal production and operation of the company and its holding subsidiaries.
5、 Relevant review comments
(I) opinions of independent directors
At present, the company’s financial situation is stable. On the premise of ensuring the capital and capital safety required for normal production and operation, using its own idle funds for cash management is conducive to improving the efficiency of capital use and capital income, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. Therefore, it is agreed that the company and its holding subsidiaries use their own funds of no more than 150 million yuan for entrusted financial management.
(II) opinions of the board of supervisors
After review, the board of supervisors believes that the company and its holding subsidiaries use their own funds with a balance of no more than 150 million yuan for entrusted financial management, which can effectively improve the use efficiency and income of funds, will not have an adverse impact on the company’s business activities, and there is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders. The decision-making process of this matter is legal and compliant. Therefore, the board of supervisors agreed to implement entrusted financial management.
6、 Documents for future reference
1. Resolution of the 17th meeting of the 5th board of directors;
2. Resolution of the 14th meeting of the 5th board of supervisors;
3. Independent opinions of independent directors of the company on matters related to the 17th meeting of the Fifth Board of directors. It is hereby announced.
Foshan Nationstar Optoelectronics Co.Ltd(002449) board of directors
March 24, 2022
