Securities code: Ningbo Ronbay New Energy Technology Co.Ltd(688005) securities abbreviation: Ningbo Ronbay New Energy Technology Co.Ltd(688005) Announcement No.: 2022012 Ningbo Ronbay New Energy Technology Co.Ltd(688005)
About using idle self owned funds in 2022
Announcement of 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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
On March 28, 2022, Ningbo Ronbay New Energy Technology Co.Ltd(688005) (hereinafter referred to as ” Ningbo Ronbay New Energy Technology Co.Ltd(688005) ” or “the company”) held the 11th meeting of the second board of directors and the 8th meeting of the second board of supervisors, deliberated and approved the proposal on the company’s expected use of idle self owned funds for cash management in 2022, and agreed that the company would not affect the normal development of the company’s main business and ensure the safety of funds, The use of idle self owned funds with an amount not exceeding 500 million yuan (including this amount) for cash management is valid for 12 months from the date of deliberation and approval by the board of directors. Within the above quota and period, the funds can be used on a rolling basis.
The board of directors of the company authorizes the operation and management of the company to exercise the decision-making power and sign relevant documents within the validity of the above quota and resolution, and the specific matters shall be organized and implemented by the financial department of the company. This matter does not need to be submitted to the general meeting of shareholders of the company for deliberation. The relevant information is hereby announced as follows:
1、 Cash management using idle self owned funds
(I) purpose of cash management
On the premise of not affecting the normal development of the company’s main business and ensuring the company’s operating capital demand, improve the use efficiency of idle self owned funds, make rational use of self owned funds, increase the company’s investment income and obtain more returns for the company and shareholders.
(II) capital source and investment amount
The source of funds for cash management this time is the idle self owned funds of the company or wholly-owned and holding subsidiaries, with an amount of no more than RMB 500 million. Within the validity period of the above quota and resolution, the funds can be used on a rolling basis, that is, the total principal of the undue investment products held at any time during the investment period shall not exceed 500 million yuan.
(III) types of investment products
The company will strictly control risks in accordance with relevant regulations and purchase investment products with low risk, good liquidity and high security that will not affect the normal operation of the company, including but not limited to bank financial products, brokerage financial products and other investment products.
(IV) validity of the resolution
Valid within 12 months from the date of deliberation and approval by the board of directors.
(V) implementation mode
The board of directors of the company authorizes the operation and management of the company to exercise the decision-making power and sign relevant documents within the validity of the above quota and resolution, and the specific matters shall be organized and implemented by the financial department of the company.
(VI) information disclosure
The company will timely perform the obligation of information disclosure in accordance with the requirements of the company law, the securities law, the Listing Rules of the science and Innovation Board of Shanghai Stock Exchange and other relevant rules.
(VII) description of association relationship
The trustee of the company’s proposed purchase of financial products is a bank or other legal financial institution, which has no relationship with the company.
2、 Investment risk and risk control measures
(I) investment risk
Although choosing cash management products with low-risk investment varieties, the company will also intervene timely and appropriately according to the economic situation and changes in the financial market, the financial market is greatly affected by changes in national macro policies and market related policies. This investment has the risk of market fluctuation, which may affect the expected income of financial products or the safety of financial principal.
(II) risk control measures
1. Relevant personnel of the Finance Department of the company will timely analyze and track the investment direction and progress of financial products, and take corresponding measures to control investment risks in case of risks that may affect the safety of the company’s funds. At the same time, establish account management, establish and improve complete accounting accounts for the use of funds, and do a good job in the accounting of the use of funds.
2. The company shall ensure that the type and duration of financial products are reasonably arranged and selected without affecting the daily operation.
3. The Audit Department of the company is responsible for reviewing the approval, actual operation, capital use and profit and loss of investment in financial products, urging the financial department to conduct accounting treatment in time and verify the accounting treatment.
4. 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.
5. The company will timely perform the obligation of information disclosure in strict accordance with the requirements of relevant laws, regulations and normative documents such as the Listing Rules of science and Innovation Board of Shanghai Stock Exchange.
3、 Impact on daily production and operation of the company
1. Based on the principles of standardized operation, risk prevention, prudent investment, value preservation and appreciation, the company used idle self owned funds for cash management, which was implemented on the premise of ensuring daily operation and did not affect the normal production and operation of the company.
2. The company’s use of idle self owned funds for cash management can improve the use efficiency of funds, increase the company’s investment income, further improve the overall performance level of the company, and seek a better return on investment for the company and shareholders.
4、 Review procedures and opinions of the board of supervisors and independent directors
On March 28, 2022, the company held the 11th meeting of the second board of directors and the 8th meeting of the second board of supervisors, deliberated and adopted the proposal on the company’s expected use of idle self owned funds for cash management in 2022. The board of directors, the board of supervisors and independent directors of the company agreed with the proposal and believed that the cash management of the company with its own funds was carried out on the premise of ensuring the funds required for the company’s daily operation, and the necessary approval procedures were performed, which helped to improve the efficiency of fund utilization and did not affect the normal operation of daily operation funds. Through reasonable cash management of idle self owned funds, we can obtain certain investment income, further improve the overall performance level of the company, obtain better investment return for the company and shareholders, comply with relevant laws, regulations, normative documents and the articles of association, the decision-making procedures are legal and compliant, and there is no situation that damages the interests of the company and its shareholders, especially small and medium-sized shareholders. This matter falls within the decision-making authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) board of directors March 30, 2022
