Securities code: Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987) securities abbreviation: Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987) Announcement No.: 2022016 Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987)
Announcement on using self owned funds to carry out entrusted financial management
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.
Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987) (hereinafter referred to as "the company") held the 34th meeting of the 9th board of directors and the 16th meeting of the 9th board of supervisors on April 1, 2022, deliberated and adopted the proposal on using self owned funds to carry out entrusted financial management. In order to improve the efficiency of fund use and increase the income of cash assets, the company agreed to The total amount of funds issued by wholly-owned financial institutions and subsidiaries (excluding RMB 3 billion) for the purchase of securities and other low-risk products of more than RMB 3 billion. The company hereby announces the relevant information as follows:
1、 Overview of entrusted financial management
(I) purpose of entrusted financial management
In order to improve the efficiency of capital use and increase the income of cash assets, according to the company's business development plan and capital status, the company plans to use its own funds for entrusted financial management on the premise of not affecting normal operation and controllable risk, so as to create greater income for the company and shareholders. (II) amount of entrusted financial management
The company, its wholly-owned and holding subsidiaries use their own funds with a total amount of no more than 3 billion yuan (including 3 billion yuan) for financial management. The above amount of funds can be used on a rolling basis within the validity period, and the amount of financial management at any point in the term shall not exceed the amount of entrusted financial management of 3 billion yuan (including 3 billion yuan).
(III) entrusted financial management
The investment scope includes various low-risk financial products issued by banks, securities companies, fund companies and other professional institutions.
(IV) investment period
It shall be valid within 12 months from the date of deliberation and approval by the board of directors of the company.
(V) source of funds
The funds used for entrusted financial management are the own funds temporarily idle by the company, its wholly-owned and holding subsidiaries, and the source of funds is legal and compliant.
(VI) requirements for entrusted financial management
The company purchases or redeems financial products according to the cash flow of the company, its wholly-owned and holding subsidiaries under the condition of reasonable arrangement of funds and ensuring the safety of funds and legal and compliant operation.
2、 Approval procedure
The amount of this entrusted financial management exceeds 10% of the company's latest audited net assets attributable to the parent. According to the articles of association and other relevant provisions, this matter is within the decision-making authority of the board of directors of the company.
At the 34th meeting of the ninth board of directors held on April 1, 2022, the company deliberated and adopted the proposal on using its own funds to carry out entrusted financial management, and the independent directors expressed their independent opinions on this matter. The proposal was deliberated and adopted at the 16th meeting of the 9th board of supervisors held on the same day.
3、 Risk analysis and risk control measures
Although the financial products to be purchased this time are limited to low-risk investment varieties, the financial market is greatly affected by the macro-economy, and it is not excluded that the investment is affected by market fluctuations. The company will purchase financial products in a timely and appropriate amount according to the economic situation and changes in the financial market. Therefore, the actual income of investment is unpredictable. At the same time, there are also risks such as staff misoperation. In view of relevant risks, the company plans to take the following measures:
(I) the board of directors authorizes the management of the company and its wholly-owned and holding subsidiaries to handle the specific matters of entrusted financial management, and the financial department of the company is responsible for organizing the implementation. The person in charge of the company's financial department will timely analyze and track the investment progress. If the assessment finds that there are risk factors that may affect the company's capital safety, corresponding measures will be taken in time to control the investment risk.
(II) the financial department of the company must establish a standing book to manage the purchased products, establish and improve the accounting accounts, and do a good job in the accounting of the use of funds.
(III) the investment personnel of the company shall not disclose the confidential information of the investment products to any third party, and shall not be the same as the investment personnel of the company.
(IV) independent directors and the board of supervisors have the right to supervise and inspect the use of funds.
(V) the company will disclose the purchase and sale of financial products and the corresponding profits and losses during the reporting period in the regular report according to the actual purchase. In case of major risk events, the company will announce relevant information according to law.
4、 Impact on the company
The company's entrusted financial management is to improve the efficiency of fund use and increase the income of cash assets. The company's purchase of financial products with its own funds is carried out under the condition of ensuring the capital demand of the company's normal operation, which will not affect the normal operation of daily operation funds and the development of main business. The entrusted financial management fund is safe and controllable, which is conducive to improving the income of its own funds and will not have an adverse impact on the daily operation of the company.
5、 Opinions of independent directors
The company has established a relatively perfect internal control system and system, which can effectively control investment risks and ensure capital safety. The funds authorized by the company for financial investment this time are used to buy low-risk financial products issued by banks, securities companies, fund companies and other professional institutions. They do not invest in medium and high-risk products such as stocks and their derivatives. The risk is controllable and the income is stable. The company's use of its own funds for financial investment is conducive to improving the use efficiency of its own funds, will not affect the company's daily operation and the development of its main business, and will not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. The relevant approval procedures comply with the relevant provisions of laws and regulations and the articles of association of the company. We agree to this motion.
6、 Review opinions of the board of supervisors
The company plans to use its own funds of no more than 3 billion yuan (including 3 billion yuan) to carry out entrusted financial management this time, which complies with the provisions of relevant laws and regulations such as the Listing Rules of Shenzhen Stock Exchange and the articles of association of the company, and the company's use of its own funds to carry out entrusted financial management this time is carried out on the premise of ensuring the safety of funds, legal and compliance of operation and ensuring that the daily operation will not be affected, There is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders, which is in line with the interests of the company and all shareholders and is conducive to improving the efficiency of the use of funds of the company.
7、 Documents for future reference
(I) resolutions of the 34th meeting of the ninth board of directors;
(II) resolutions of the 16th meeting of the ninth board of supervisors;
(III) independent opinions of independent directors on relevant matters of the 34th meeting of the ninth board of directors of the company.
It is hereby announced.
Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987) board of directors April 1, 2022
