Securities code: Sihui Fuji Electronics Technology Co.Ltd(300852) securities abbreviation: Sihui Fuji Electronics Technology Co.Ltd(300852) Announcement No.: 2022021 Sihui Fuji Electronics Technology Co.Ltd(300852)
Announcement on using idle self owned funds for entrusted financial management
The board of directors does not guarantee that the information disclosed by the company is true, complete or misleading.
Sihui Fuji Electronics Technology Co.Ltd(300852) (hereinafter referred to as "the company" or " Sihui Fuji Electronics Technology Co.Ltd(300852) ") held the seventh meeting of the second board of directors and the seventh meeting of the second board of supervisors on March 24, 2022, deliberated and adopted the proposal on using idle self owned funds for entrusted financial management. In order to improve the efficiency of using idle self owned funds, it is agreed that the company and its subsidiaries use idle self owned funds for entrusted financial management with a total amount of no more than RMB 350 million, It is used to invest in financial products with good liquidity and high security. The term is valid within 12 months from the date of deliberation and approval by the board of directors. It can be recycled and used within the validity period of the above quota and resolution. The details are hereby announced as follows:
1、 Overview of entrusted financial management
1. Purpose of entrusted financial management
On the premise of not affecting the use of daily operating funds and ensuring the safety of funds, the company and its subsidiaries can reasonably use idle self owned funds for entrusted financial management, which can improve the use efficiency of self owned funds, increase capital income and obtain more returns for the company and shareholders.
2. Source of funds
The company and its subsidiaries idle their own funds.
3. Amount and term of entrusted financial management
Within 12 months from the date of deliberation and approval by the board of directors, use idle self owned funds with a total amount of no more than 350 million yuan for entrusted financial management, which can be recycled and used within the validity period of the above quota and resolution.
4. Varieties of entrusted financial management
In order to effectively control investment risks and protect the interests of the company and shareholders, the financial products purchased by the company's subsidiaries and companies within the above limit are only limited to principal guaranteed and low-risk floating income financial products issued by commercial banks and securities companies with good credit status, good financial status and good integrity record, including but not limited to the following varieties:
(1) Principal guaranteed, low-risk floating income financial products and structured deposit products issued by commercial banks and their wholly-owned subsidiaries;
(2) Income vouchers and low-risk floating income financial products issued by securities companies.
The company's own funds shall not be used for other securities investment, and shall not directly or indirectly purchase financial products with stocks as the investment object.
4. Implementation mode
The above matters can be implemented only after being deliberated and approved by the board of directors and the board of supervisors, and the management of the company is authorized to exercise the investment decision-making power and sign relevant contract documents within the above quota and service life, including but not limited to selecting a reasonable issuer of financial products, clarifying the amount of financial products, selecting the varieties of financial products, signing contracts, etc., which shall be implemented by the financial department of the company.
5. Information disclosure
The company will timely fulfill the obligation of information disclosure in accordance with the relevant requirements of the Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 - standardized operation of GEM listed companies, etc.
2、 Investment risk analysis and risk control measures
(I) investment risk analysis
The investment and financial management varieties that the company and its subsidiaries intend to purchase with idle self owned funds have high safety and belong to low-risk investment varieties, but are greatly affected by the macro-economy of the financial market. There is a risk that the investment income does not meet the expected due to the impact of market fluctuations. The company will make timely and appropriate investment according to the economic situation and changes in the financial market, but it does not rule out that the investment is affected by market fluctuations.
(II) measures to be taken against investment risks
1. Strictly abide by the principles of prudent investment ability and good reputation of the company's financial institutions, and strictly guarantee the safety of all investment products;
2. The company will timely analyze and track the investment direction and project progress of financial products of banks and other financial institutions. If the evaluation finds that there are risk factors that may affect the safety of funds, the company will timely take corresponding measures to control the investment risk;
3. Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary;
4. The company will perform the obligation of disclosure in a timely manner in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the company
The company insists on standardized operation. On the premise of ensuring the normal operation and capital safety of the company and its subsidiaries, using idle self owned funds for entrusted financial management will not affect the normal development of the company's main business. At the same time, it can improve the efficiency of capital use, obtain certain income and obtain more returns for the company and shareholders.
4、 Decision making procedures and opinions for implementation
1. Deliberations of the board of directors and the board of supervisors
On March 24, 2022, the company held the seventh meeting of the second board of directors and the seventh meeting of the second board of supervisors, deliberated and adopted the proposal on using idle self owned funds for entrusted financial management, and agreed that the company and its subsidiaries use idle self owned funds with a total amount of no more than 350 million yuan for entrusted financial management under the condition of ensuring the capital demand of daily operation and effectively controlling investment risks, The term is valid within 12 months from the date of deliberation and approval by the board of directors. It can be recycled and used within the validity period of the above quota and resolution, which is conducive to improving the efficiency of the company's capital use, increasing the income of cash assets and maximizing the interests of shareholders.
2. Independent opinions of independent directors
The independent directors believe that the company plans to use idle self owned funds for entrusted financial management, has fulfilled the necessary approval procedures, and complies with the relevant provisions of relevant laws, regulations and normative documents such as the Listing Rules of gem shares of Shenzhen Stock Exchange. At present, the company is in good operation and stable financial condition. Under the condition of ensuring the capital demand of daily operation, effectively controlling investment risk and capital safety, the company agrees to use idle self owned funds for entrusted financial management, which will help to improve the efficiency of capital use and increase the company's income and shareholder return. There is no situation that damages the interests of all shareholders of the company, especially small and medium-sized shareholders. It agrees to the implementation of the above entrusted financial management matters.
3. Opinions of the sponsor
Sihui Fuji Electronics Technology Co.Ltd(300852) the use of idle self owned funds for entrusted financial management has been deliberated and approved by the board of directors and the board of supervisors of the company. The independent directors have expressed their explicit consent and fulfilled the necessary approval procedures. The above matters do not affect the normal production and operation activities of the company, are in line with the interests of the company and all shareholders, and do not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. The recommendation institution has no objection to the company's use of idle self owned funds for entrusted financial management.
5、 Documents for future reference
1. Resolutions of the seventh meeting of the second board of directors;
2. Resolutions of the seventh meeting of the second board of supervisors;
3. Opinions of independent directors on matters related to the seventh meeting of the second board of directors of the company;
4. Verification opinions of Minsheng Securities Co., Ltd. on Sihui Fuji Electronics Technology Co.Ltd(300852) using idle self owned funds for entrusted financial management.
It is hereby announced.
Sihui Fuji Electronics Technology Co.Ltd(300852) board of directors March 25, 2022
