Securities code: Changchun Engley Automobile Industry Co.Ltd(601279) securities abbreviation: Changchun Engley Automobile Industry Co.Ltd(601279) Announcement No.: 2022008 Changchun Engley Automobile Industry Co.Ltd(601279)
Announcement on using self owned funds for cash management
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: commercial banks, securities companies, trust companies and other financial institutions.
The amount of entrusted financial management: the maximum balance in a single day shall not exceed 500 million yuan
Term of entrusted financial management: a single transaction shall not exceed 12 months and there is no fixed term
Name of entrusted financial products: financial products with high security and good liquidity.
Review procedures performed: Changchun Engley Automobile Industry Co.Ltd(601279) (hereinafter referred to as "the company") held the fifth meeting of the Fourth Board of directors and the fifth meeting of the second board of supervisors on March 28, 2022, and considered and adopted the proposal on cash management with its own funds. The proposal shall be submitted to the general meeting of shareholders for deliberation.
1、 Overview of this entrusted financial management
(I) purpose of entrusted financial management
The company and its subsidiaries conduct appropriate financial management by using idle self owned funds, which is conducive to improving the company's capital use efficiency, increasing capital income and seeking more return on investment for the company's shareholders.
(II) source of funds
The funds used by the company and its subsidiaries to purchase financial products are idle self owned funds of the company.
(III) basic information of entrusted financial products
According to the overall operation of the company's funds, the company adheres to the principle of maximizing capital benefits and reduces the financial cost by purchasing financial products with high safety and good liquidity for idle self owned funds of no more than 500 million yuan without affecting the development of the company's daily business and ensuring the safety of funds. Within the total amount of no more than 500 million yuan (including 500 million yuan), the funds can be recycled.
(IV) the company's internal control over risks related to entrusted financial management
The financial products to be purchased by the company and its subsidiaries belong to bank financial products with high security, good liquidity and low risk, and the entrusted financial products meet the requirements of the company's internal fund management.
The company and its subsidiaries abide by the principle of prudent investment, strictly screen the issuers, and select issuers with good credit and strong capital security ability. The financial department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If it is found 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 company's independent directors and board of supervisors have the right to inspect the company's investment in financial products, and can hire professional institutions to audit when necessary. 2、 Details of this entrusted financial management
(I) entrusted financial products
The company and its subsidiaries strictly control risks in accordance with relevant regulations and use idle self owned funds with an amount of no more than 500 million yuan for investment in financial products with high security, good liquidity, low risk and a term of no more than 12 months.
(II) amount of entrusted financial management
The amount of entrusted financial management this time shall not exceed RMB 500 million.
(III) authorization period
The term of a single financial product shall not exceed 12 months within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company.
(IV) implementation mode
Within the limit, the board of directors shall authorize the chairman of the company or relevant personnel authorized by the chairman to sign relevant contract documents within the above limit, and the capital Department of the company shall be responsible for organizing the implementation.
(V) risk control analysis
1. The company abides by the principle of prudent investment, strictly selects issuers, and selects issuers with good credit and strong capital security ability.
2. The company's capital department will timely analyze and track the investment direction of financial products and the progress of the project. If it is found that there are risk factors that may affect the company's capital safety, it will take corresponding measures in time to control the investment risk.
3. The company's independent directors and board of supervisors have the right to inspect the company's investment in financial products, and can hire professional institutions to audit when necessary.
4. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shanghai Stock Exchange.
3、 Information of entrusted financial management trustee
The company plans to purchase financial products, and the counterparties are commercial banks, securities companies, trust companies and other financial institutions, which will strictly control the risk according to the credit status of the trustee.
4、 Impact of cash management with self owned funds on the company
Financial data of the company on December 31, 2021 and September 30, 2021:
Unit: Yuan
December 31, 2021 September 30, 2021
Total assets 713501999 Cssc Offshore & Marine Engineering (Group) Company Limited(600685) 209604800
Total liabilities 3021149120 Zhejiang Huatong Meat Products Co.Ltd(002840) 86172600
Net assets 411387087600401123432200
Project year 2021 January September 2021
Net cash flow from operating activities 233244873 Youngy Co.Ltd(002192) 9286700
The company uses its own funds for cash management, which is implemented on the premise of ensuring the company's daily operation and capital safety, and will not affect the normal needs of the company's daily capital turnover and the normal development of the company's main business.
5、 Risk tips
Although the financial products purchased by the company are low-risk bank financial products, there are still liquidation risks, policy risks, liquidity risks, force majeure risks and other risks caused by bank bankruptcy.
6、 Decision making procedures and opinions of independent directors and the board of supervisors
(I) decision making procedure
On March 28, 2022, the company held the fifth meeting of the Fourth Board of directors and the fifth meeting of the second board of supervisors, deliberated and adopted the proposal on cash management with its own funds, and agreed that the company and its subsidiaries should use a total of no more than 500 million yuan of idle own funds to invest in low-risk financial products of financial institutions such as banks, securities companies or trust companies. Within the above limit, the funds can be used on a rolling basis. The authorized use period is within 12 months from the date when the matter is considered and approved by the general meeting of shareholders. At the same time, the chairman of the company or relevant personnel authorized by the chairman of the company are authorized to sign relevant contract documents within the above limit, and the capital Department of the company is responsible for organizing the implementation.
(II) opinions of independent directors
The independent directors believe that in order to improve the efficiency of the use of funds of the company and its subsidiaries and make rational use of idle funds, without affecting the normal operation of the company, the company and its subsidiaries intend to use idle self owned funds to invest in low-risk financial products of financial institutions such as banks, securities companies or trust companies, so as to increase the company's income and seek better investment return for the company and shareholders, which will not have an adverse impact on the company's business activities, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders, which is in line with the interests of the company and all shareholders. The relevant approval procedures shall comply with the relevant provisions of laws and regulations and the articles of association. It is agreed that the company and its subsidiaries use idle self owned funds of no more than 500 million yuan for cash management within the validity period of the resolution.
(III) opinions of the board of supervisors
The board of supervisors believes that the company and its subsidiaries will not use a total of no more than 500 million yuan of idle self owned funds for cash management, which will not affect the company's daily operation and capital safety, the needs of the company's daily capital turnover, and the normal development of the company's main business. Through appropriate financial management, we can improve the use efficiency of our own funds, obtain certain investment income, and seek more investment returns for our shareholders. It is agreed that the company and its subsidiaries use idle self owned funds with a maximum amount of no more than 500 million yuan for cash management.
7、 As of the date of this announcement, the company has used its own funds for entrusted financial management in the last 12 months, with an amount of 10000 yuan
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
1 bank financial products 58546535854653 682.80 0.00
Total 5854653 682.80 0.00
The maximum amount invested in a single day in the last 12 months is 5854653
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 16.07
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 4.59
Currently, the used financial limit is 0.00
Unused financial limit Shanghai Pudong Development Bank Co.Ltd(600000) 0
Total financial limit Shanghai Pudong Development Bank Co.Ltd(600000) 0
Note 1: due to the characteristics of this financial product, the actual income is filled in as the income from 202102.02 to 202203.24. It is hereby announced.
Changchun Engley Automobile Industry Co.Ltd(601279) board of directors March 30, 2022
