Securities code: Foshan Haitian Flavouring And Food Company Ltd(603288) securities abbreviation: Foshan Haitian Flavouring And Food Company Ltd(603288) Announcement No.: 2022013 Foshan Haitian Flavouring And Food Company Ltd(603288)
Announcement on entrusted financial management with self owned idle funds 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: banks, securities companies, asset management companies and other financial institutions ● entrusted financial management amount: the investment amount shall not exceed 7.5 billion yuan. Within the above amount, the company can make circular investment and rolling use. ● investment type of entrusted financial management: low-risk short-term financial products ● period of entrusted financial management: no more than 12 months 1. Overview of entrusted financial management
(I) basic information of entrusted financial management
Foshan Haitian Flavouring And Food Company Ltd(603288) (hereinafter referred to as “the company” and “the company”) held the 20th meeting of the 4th board of directors on March 24, 2022. The meeting deliberated and adopted the proposal on the company’s entrusted financial management with its own idle funds in 2022 with 9 votes in favor, 0 votes against and 0 abstention, and agreed that the company would use part of its own funds to purchase banks, securities companies Low risk short-term financial products of financial institutions such as asset management companies. The amount of entrusted financial management shall not exceed RMB 7.5 billion, and the validity period shall be within one year from the date of adoption of the resolution of the general meeting of shareholders of the company. The funds within the above limit can be recycled for investment and rolling use. At the same time, it is agreed to authorize the management of the company to make decisions on the purchase of entrusted financial management within the limit of the company and sign relevant documents. The independent directors expressed their independent opinions with explicit consent. There is no other relationship between the counterparty of the entrusted financial management and the company in terms of property rights, business, assets, creditor’s rights and debts, personnel, etc., and the entrusted financial management does not constitute a connected transaction.
(II) approval procedures to be performed within the company
The above entrusted financial management matters have been deliberated and approved at the 20th meeting of the Fourth Board of directors of the company, but they can be implemented only after being deliberated and approved by the general meeting of shareholders of the company.
2、 Basic information of the subject of the entrusted financial management agreement
The counterparties of financial products purchased by the company are financial institutions such as publicly listed banks and securities companies, or national commercial banks and financial institutions with strong scale and strength. There is no other relationship between the counterparty and the company in terms of property rights, business, assets, creditor’s rights and debts, personnel, etc.
3、 Main contents of entrusted financial management contract
The entrusted financial management is subject to the signing of relevant financial product contracts or agreements between the company and relevant financial institutions.
(I) basic description
The capital source of entrusted financial management planned by the company in 2022 is the company’s own funds; The amount of entrusted financial management shall not exceed 7.5 billion yuan, and the funds within the above limit can be recycled for investment and rolling use; The financial management period shall not exceed one year; The maximum duration of a single investment product shall not exceed 12 months. The investment direction is mainly financial products with high credit rating, low risk and good liquidity.
(II) product description
The estimated rate of return of the short-term financial products purchased by the entrusted financial management is expected to be higher than the bank deposit interest rate in the same period. It is a financial product with low risk and stable net value, and shall not be directly or indirectly used to invest in stocks and their derivatives. (III) impact of financial products on the company
The company’s use of its own funds for entrusted financial management is implemented on the premise of ensuring the company’s daily operation and capital safety, which will not affect the normal needs of the company’s daily capital turnover and the normal development of its main business, which is conducive to improving the efficiency and efficiency of capital use and in line with the interests of the company and all shareholders.
(IV) risk control analysis
The company purchases low-risk financial products that are not more than 12 months old. The company has fully estimated and calculated the risks and benefits of entrusted financial products and the future capital demand, and the risk is controllable. The company has formulated the entrusted financial management system, which makes detailed provisions on the authority, audit process, reporting system, trustee selection, daily monitoring and verification, accountability and other aspects of entrusted financial management, so as to effectively prevent investment risks and ensure the safety of funds.
(V) opinions of independent directors
After review, the independent directors believe that the company has fulfilled the necessary approval procedures and complied with the provisions of relevant laws and regulations when using idle self owned funds to purchase financial products of financial institutions. The company’s purchase of financial institutions’ financial products with its own idle funds this time is conducive to improving the use efficiency of the company’s idle funds, obtaining certain investment income, will not affect the normal development of the company’s main business, and will not damage the interests of minority shareholders. Therefore, the company agrees to use part of its own funds for entrusted financial management.
4、 Accumulated entrusted financial management amount
As of the date of this announcement, the accumulated amount occupied by the company for entrusted financial management was 5.619 billion yuan.
5、 Directory of documents for future reference
1. Resolutions of the 20th meeting of the 4th board of directors of the company;
2. Independent opinions signed and confirmed by independent directors of the company.
It is hereby announced.
Foshan Haitian Flavouring And Food Company Ltd(603288) board of directors March 25, 2002
