Securities code: Canny Elevator Co.Ltd(002367) securities abbreviation: Canny Elevator Co.Ltd(002367) Announcement No.: 202215 Canny Elevator Co.Ltd(002367)
Announcement on carrying out bill pool business
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.
Canny Elevator Co.Ltd(002367) (hereinafter referred to as "the company") convened the 18th meeting of the 5th board of directors on March 28, 2022, deliberated and adopted the proposal on developing bill pool business, and agreed that the company, its subsidiaries and cooperative banks should carry out bill pool business with a total spot balance of no more than RMB 80 million. The company and its subsidiaries can adopt maximum pledge, general pledge and Deposit certificate pledge, bill pledge, deposit pledge and other reasonable methods, and authorize the company's management to handle relevant matters. The above quota can be used on a rolling basis, and the authorization period is one year from the date of deliberation and approval by the general meeting of shareholders. The matter will not take effect until it is submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. Relevant information is announced as follows:
1、 Overview of bill pool business
1. Business Overview
Bill pool business refers to the comprehensive bill management service provided by agreement banks to enterprises, which integrates bill trust and collection, bill pledge pool financing, bill discount, Bill agent query, business statistics and other functions to meet the needs of enterprise customers for unified management and overall use of commercial bills held by them.
2. Cooperative bank
The company plans to select an appropriate commercial bank as the Cooperative Bank of the bill pool business according to the actual situation and specific cooperation conditions. The authorized management of the specific cooperative bank will be finally determined according to the cooperative relationship between the company and the commercial bank, the bill pool business service ability of the commercial bank and other factors.
3. Business term
The duration of the above-mentioned bill pool business is one year from the date of deliberation and approval by the general meeting of shareholders.
4. Implementation quota
The company and its subsidiaries use a bill pool limit of no more than RMB 80 million, that is, the total spot balance of pledged and mortgaged bills used to carry out bill pool business with all cooperative banks does not exceed RMB 80 million. This limit can be used on a rolling basis during the business term.
5. Implementation mode
On the premise of controllable risk, the company can adopt maximum amount pledge, general pledge, certificate of deposit pledge, bill pledge, deposit pledge and other reasonable methods for the establishment and use of bill pool as required. The specific form and amount authorize the management to determine and handle according to the business needs of the company, but shall not exceed the business quota of the bill pool. 2、 Purpose of bill pool business
With the expansion of the company's business scale, the frequency of using bills in the settlement process of customers and suppliers continues to increase. In the process of collecting accounts, due to the increasing number of customers using bills for settlement, the demand for holding and payable accounts to be paid by commercial bills increases accordingly. The development of bill pool business is conducive to promoting the implementation of commercial bill settlement business.
1. After receiving bills, the company can deposit the bills receivable into the agreement bank through the bill pool business for centralized management. The bank handles custody, delegated collection and other businesses on behalf of the company, which can reduce the cost of the company's management of various valuable bills;
2. The company can use the outstanding stock of negotiable instrument assets in the bill pool as pledge, and issue bank acceptance bills, letters of credit and other negotiable instruments not exceeding the pledge amount to pay the supplier's payment for goods and other operating funds, which is conducive to reducing the occupation of monetary funds, improving the use efficiency of current assets and maximizing the shareholders' equity;
3. Carrying out the bill pool business can comprehensively manage the company's bills receivable and bills payable to be issued, reduce the company's capital occupation, optimize the financial structure, improve the capital utilization rate, and realize the information management of bills.
3、 Risk and risk control of bill pool business
1. Liquidity risk
In order to carry out the bill pool business, the company and its subsidiaries need to open a special margin account for the pledge financing business of the bill pool in the cooperative bank as the entry account for the due collection of the pledged bills under the bill pool. The inconsistency between the due dates of notes receivable and notes payable will cause the collected funds to enter the margin account of the company and its subsidiaries applying to the cooperative bank for issuing commercial bills, which will have a certain impact on the liquidity of the company and its subsidiaries.
Risk control measures: the company and its subsidiaries can eliminate this impact by replacing the margin with newly received notes, and the capital liquidity risk is controllable.
2. Business model risk
The company and its subsidiaries pledge the bills entering the bill pool and apply to the cooperative bank for issuing commercial bills to pay the supplier's payment for goods and other operating funds. With the maturity of the pledged bills, they handle the collection and settlement. If the bills cannot be collected normally at maturity, the amount of the pledged bills is insufficient, resulting in the cooperative bank requiring the company and its subsidiaries to provide additional guarantees.
Risk control measures: after the company and its subsidiaries carry out the bill pool business with the cooperative bank, the company and its subsidiaries will arrange special personnel to connect with the cooperative bank, establish the bill pool account, track and manage, timely understand the collection and settlement of expired bills and arrange the company's newly received bills into the pool, so as to ensure the safety and liquidity of the bills into the pool.
4、 Decision making procedure and organization implementation
1. Within the limit, the board of directors of the company authorizes the management of the company to exercise the decision-making power of specific operations and sign relevant contract documents, including but not limited to selecting qualified commercial banks, determining the specific limit, collateral, guarantee form and amount of bill pool available to the company and its subsidiaries;
2. The specific bill pool business is organized and implemented by the financial department. The financial department of the company will timely analyze and track the business progress of the bill pool. If adverse factors are found or judged, it will take corresponding measures in time to control risks and report to the board of directors of the company at the first time;
3. The internal audit department of the company is the supervision department of the bill pool business, which audits and supervises the bill pool business of the company;
4. The independent directors and the board of supervisors have the right to supervise and inspect the specific conditions of the company's bill pool business; 5. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
5、 Opinions of independent directors and board of supervisors
1. Opinions of independent directors
At present, the company is in good operation. Through the bill pool business, the company can manage the notes receivable and notes payable to be issued as a whole, reduce the occupation of funds and improve the utilization rate of funds, without damaging the interests of the company and minority shareholders. We agree that the company and its subsidiaries shall use the bill pool limit of no more than RMB 80 million, that is, the total spot balance of pledged and mortgaged bills used to carry out bill pool business with all cooperative banks shall not exceed RMB 80 million. The above limit can be used on a rolling basis.
2. Opinions of the board of supervisors
After deliberation, the board of supervisors believes that the company's bill pool business can improve the use efficiency and income of the company's bill assets, reduce the occupation of funds, will not affect the normal development of the company's main business, and will not damage the interests of the company and shareholders. It is agreed that the company and its subsidiaries and cooperative banks carry out bill pool business with a total spot balance of no more than RMB 80 million, and the above amount can be used on a rolling basis.
6、 Documents for future reference
1. Canny Elevator Co.Ltd(002367) the resolution of the 18th meeting of the 5th board of directors;
2. Canny Elevator Co.Ltd(002367) the resolution of the 18th meeting of the 5th board of supervisors;
3. Canny Elevator Co.Ltd(002367) independent directors' independent opinions on relevant matters of the 18th meeting of the 5th board of directors.
It is hereby announced.
Canny Elevator Co.Ltd(002367) board of directors
March 30, 2022
