Securities code: Jahen Household Products Co.Ltd(300955) securities abbreviation: Jahen Household Products Co.Ltd(300955) Announcement No.: 2022012 Jahen Household Products Co.Ltd(300955)
Announcement on the use of some temporarily idle raised funds for cash 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.
Important content tips:
1. Type of investment: financial products with high security and good liquidity (including but not limited to large amount transferable certificates of deposit, structured deposits, agreed deposits, call deposits, time deposits, principal guaranteed financial products and national debt reverse repurchase products)
2. Investment amount: no more than 53 million yuan (including 53 million yuan)
3. Special risk tip: Although the investment products have been strictly evaluated, the financial market is greatly affected by the macro-economy, so it is not excluded that the investment is affected by market fluctuations; The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable; Operation and monitoring risks of relevant personnel.
Jahen Household Products Co.Ltd(300955) (hereinafter referred to as "the company") held the second meeting of the second board of directors and the second meeting of the second board of supervisors respectively on April 6, 2022, deliberated and adopted the proposal on using some temporarily idle raised funds for cash management, and agreed that the company, without affecting the normal progress of investment projects with raised funds, The temporarily idle raised funds of no more than 53 million yuan (including 53 million yuan) are used for cash management for the purchase of financial products with high security and good liquidity (including but not limited to large amount transferable certificates of deposit, structured deposits, agreed deposits, call deposits, time deposits, principal guaranteed financial management and treasury bond reverse repurchase varieties). The validity period is 12 months from the date of deliberation and approval by the board of directors of the company. Within the above limit and validity period, the raised funds can be recycled and used on a rolling basis, and shall be returned to the special account for raised funds in time after the expiration of cash management. The board of directors of the company agrees to authorize the chairman or general manager of the company to exercise the investment decision-making power within the above capital limit and validity period, sign relevant contracts and documents, and organize the financial department of the company to implement them. The details are as follows:
1、 Overview of funds raised by the company's initial public offering
The China Securities Regulatory Commission (hereinafter referred to as "CSRC") issued the reply on Approving the registration of Jahen Household Products Co.Ltd(300955) initial public offering of shares (zjxk [2021] No. 488) on February 9, 2021, agreeing to the registration application of the company's initial public offering of shares. The company issued 25.2 million shares in the initial public offering at an issue price of 16.53 yuan per share, and the total amount of funds raised was 41655 Shanghai Pudong Development Bank Co.Ltd(600000) yuan. After deducting the issuance fee excluding tax of 4351081035 yuan, the actual net amount of funds raised was 37304518965 yuan. Rongcheng Certified Public Accountants (special general partnership) verified the capital availability of the company's initial public offering on March 18, 2021, and issued the capital verification report (Rongcheng Yan Zi [2021] No. 361z0029).
The company has deposited the above raised funds in the special account for the management of raised funds, and signed the three / four party supervision agreement on raised funds with the sponsor and the commercial bank storing the raised funds.
As the construction of projects invested with raised funds needs a certain period, some of the raised funds will be temporarily idle according to the construction progress of projects invested with raised funds.
2、 Information on the use of temporarily idle raised funds for cash management and investment products
(I) overview of cash management
The company plans to use the temporarily idle raised funds of no more than 53 million yuan (including 53 million yuan) for cash management to purchase financial products with high safety and good liquidity (including but not limited to large amount transferable certificates of deposit, structured deposits, agreed deposits, call deposits, time deposits, principal guaranteed financial management and treasury bond reverse repurchase varieties), which is valid for 12 months from the date of deliberation and approval by the board of directors of the company. Within the above limit and validity period, the raised funds can be recycled and used on a rolling basis, and shall be returned to the special account for raised funds in time after the expiration of cash management.
(II) basic information of investment products
1. Cash management implementation unit: Jahen Household Products Co.Ltd(300955) and its wholly-owned subsidiary Huzhou Jiaheng Industrial Co., Ltd.
2. Cash management limit: the company uses the temporarily idle raised funds of no more than RMB 53 million (including RMB 53 million) for cash management, which is used to purchase bank financial products with high safety and good liquidity. The raised funds can be used circularly and continuously.
3. Products of cash management investment:
In order to control risks, the varieties of investment are financial products with high security and good liquidity (including but not limited to large amount transferable certificate of deposit, structured deposit, agreed deposit, call deposit, time deposit, principal guaranteed financial management and reverse repurchase of national debt, etc.).
The company cannot use such funds to purchase financial products with stocks, interest rates, exchange rates and their derivatives as the main investment targets from banks and other financial institutions.
4. Investment products shall not be pledged, and the special settlement account for products shall not deposit non raised funds or be used for other purposes. If a special settlement account for products is opened or cancelled, the company will timely report to Shenzhen stock exchange for filing and announcement.
5. Source of funds: the funds are the raised funds temporarily idle by the company.
6. Implementation method: the company requests the board of directors to authorize the chairman or general manager of the company to exercise the investment decision-making power within the above capital limit and validity period, sign relevant contracts and documents, and organize the financial department of the company to implement it. 7. Information disclosure: the company will timely fulfill the obligation of information disclosure in accordance with the relevant requirements of Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 - standardized operation of GEM listed companies, and listed companies regulatory guidance No. 2 - regulatory requirements for the management and use of raised funds of listed companies.
3、 Risks in cash management and its impact on the company
1. Investment risk
(1) Although the investment products have been strictly evaluated, the financial market is greatly affected by the macro-economy, so it is not ruled out that the investment is affected by market fluctuations;
(2) The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable;
(3) Operation and monitoring risks of relevant personnel.
2. For investment risks, the proposed measures are as follows:
(1) After the approval of the board of directors, the chairman or general manager of the company is authorized to organize the implementation. The relevant personnel of the company's finance department will timely analyze and track the investment direction of financial products and the progress of the project. If the evaluation finds that there are risk factors that may affect the safety of the company's funds, corresponding measures will be taken in time to control the investment risk; (2) 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;
(3) The Audit Department of the company is responsible for conducting a comprehensive inspection of the products on a regular basis and reasonably predicting the possible risks and benefits of various investments according to the principle of prudence;
(4) The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3. Impact on the company
The company's cash management with the temporarily idle raised funds is carried out on the premise of ensuring the funds required for the company's investment projects with the raised funds and ensuring the safety of the raised funds, which will not affect the normal operation of the investment projects with the raised funds and the normal development of the company's main business. Through appropriate cash management with the temporarily idle raised funds in a timely manner, so as to make rational use of the idle raised funds, increase the company's income and seek a better return on investment for the company and shareholders.
The company will conduct corresponding accounting treatment for the entrusted financial management business to be carried out in accordance with the relevant provisions and guidelines of the Ministry of finance, such as accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, accounting standards for Business Enterprises No. 37 - presentation of financial instruments, accounting standards for Business Enterprises No. 39 - fair value measurement, and reflect the relevant items of the balance sheet and income statement.
4、 Approval procedure
1. Deliberations of the board of directors
The second meeting of the second board of directors held on April 6, 2022 deliberated and approved the proposal on using part of the temporarily idle raised funds for cash management. The board of directors agreed that the company would use the temporarily idle raised funds of no more than RMB 53 million (including RMB 53 million) for cash management, And agree to authorize the chairman or general manager of the company to exercise the investment decision-making power within the above capital limit and validity period, sign relevant contracts and documents, and organize the financial department of the company to implement them.
2. Deliberation of the board of supervisors
The second meeting of the second board of supervisors held by the company on April 6, 2022 deliberated and adopted the proposal on using some temporarily idle raised funds for cash management. The board of supervisors believes that the company's use of some temporarily idle raised funds for cash management will not affect the normal progress of the company's investment projects with raised funds, and is conducive to protecting the interests of the company and its shareholders, which is in line with the relevant provisions of the CSRC and Shenzhen Stock Exchange. The board of supervisors approved the company to use the temporarily idle raised funds for cash management.
3. Opinions of independent directors
The independent directors of the company believe that, without affecting the normal progress of the company's investment projects with raised funds, the company uses the temporarily idle raised funds of no more than RMB 53 million (including RMB 53 million) for cash management, which is used for the purchase of high security Financial products with good liquidity (including but not limited to large transferable certificates of deposit, structured deposits, agreed deposits, call deposits, time deposits, principal guaranteed financial products and varieties of treasury bond reverse repurchase) are conducive to protecting the interests of the company and its shareholders. The procedures for the board of directors to review relevant proposals are legal and compliant, and the relevant risk control measures of the company are sound and effective. The independent directors of the company agree to use the temporarily idle raised funds for cash management.
4. Opinions of the sponsor
After verification, the recommendation institution believes that: Jahen Household Products Co.Ltd(300955) the use of idle raised funds for cash management has been deliberated and approved at the second meeting of the second board of directors and the second meeting of the second board of supervisors of the company. The independent directors have expressed their independent opinions with explicit consent, which need not be submitted to the shareholders' meeting for deliberation, and have fulfilled the necessary legal procedures, Comply with the requirements of relevant provisions such as the Listing Rules of GEM stocks of Shenzhen Stock Exchange, self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of listed companies on GEM, and regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies Jahen Household Products Co.Ltd(300955) the use of idle raised funds for cash management this time is conducive to improving the use efficiency of funds and obtaining certain investment benefits. There is no behavior of changing the purpose of raised funds in a disguised form, which does not affect the construction of investment projects and the use of raised funds. It is in line with the interests of the company and all shareholders, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders. To sum up, Anxin securities has no objection to Jahen Household Products Co.Ltd(300955) this use of idle raised funds for cash management.
5、 Documents for future reference
1. Resolutions of the second meeting of the second board of directors of the company;
2. Resolutions of the second meeting of the second board of supervisors of the company;
3. Independent opinions of the company's independent directors on matters related to the second meeting of the second board of directors;
4. Verification opinions of Anxin Securities Co., Ltd. on the company's use of some temporarily idle raised funds for cash management.
It is hereby announced.
Jahen Household Products Co.Ltd(300955) board of directors
April 6, 2022
