Securities code: Joyvio Food Co.Ltd(300268) securities abbreviation: Joyvio Food Co.Ltd(300268) Announcement No.: 2022018 Joyvio Food Co.Ltd(300268)
Announcement on using idle self owned funds to carry out financial management 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.
Joyvio Food Co.Ltd(300268) (hereinafter referred to as "the company") held the 15th meeting of the 4th board of directors and the 13th meeting of the 4th board of supervisors on April 6, 2022, deliberated and adopted the proposal on using idle self owned funds to carry out financial management business. In order to improve the fund use efficiency of the company and its subsidiaries and improve the return of the company's stock funds, the company plans to apply for using its own funds to carry out short-term financial management business with a limit of no more than 200 million yuan or other equivalent currencies on the premise of ensuring the capital demand of daily operation and effectively controlling risks, and the limit can be recycled. The details are as follows:
1、 Overview of financial management business
(I) financial purpose
Under the background that China's deposit interest rate has not fully realized marketization, compared with the income of financial management business, the interest income of bank deposits is relatively low. In order to improve the use efficiency of funds and make rational use of idle funds, we use idle self owned funds to purchase financial products and increase the company's income without affecting the company's normal business.
(II) financial management quota
The company plans to use idle self owned funds with a limit of no more than RMB 200 million to purchase short-term financial products.
(III) limit period
From the date of deliberation and approval at the 2021 annual general meeting to the date of holding the 2022 annual general meeting, this limit can be recycled within this period.
(IV) business type
Short term financial products. In order to control risks, the company will strictly evaluate financial products and select low-risk financial products with high security and good liquidity, including but not limited to financial products issued by commercial banks
Joyvio Food Co.Ltd(300268)
Structured deposit products; The trustee of the financial products to be purchased by the company shall be commercial banks, securities and other formal financial institutions, which have no relationship with the company; It shall not be used for other securities investment and shall not purchase financial products with stocks, derivatives and unsecured bonds as the investment object. The term of investment products shall not exceed 6 months.
(V) source of funds
The funds used by the company and its subsidiaries to carry out wealth management business are limited to the idle self owned funds of the company and its subsidiaries. The source of funds is legal and compliant, and shall not affect the normal operation and project construction of the company.
(VI) implementation mode
Investment products must be purchased in the name of the company. The board of directors authorizes the chairman of the company to exercise investment decision-making power within the above limit and sign relevant documents. The financial management center is responsible for the specific purchase.
2、 Risk control measures
(I) risk analysis
Although the investment and wealth management products are low-risk investment varieties, and the company will undergo strict evaluation before implementation, the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by market fluctuations and faces risks such as income fluctuation risk, liquidity risk and unpredictable actual income; Operation, supervision and risk management of relevant staff.
(II) risk control measures
1. The board of directors of the company authorizes the chairman of the company to exercise the investment decision-making power and sign relevant contracts. The chief financial officer of the company is responsible for organizing the implementation, and the financial management center is the specific handling department. According to the company's financial status, cash flow status and interest rate changes, as well as the resolutions of the board of directors on investment and wealth management, the financial management center judges the capital source, investment scale and expected income of wealth management, and reviews the content and risk assessment of wealth management products.
2. The company's financial management center will analyze and track the progress in time. Once it is found that there are risk factors that may affect the company's capital security, it will take preservation measures in time to control the investment risk.
3. The company shall audit and supervise the use and custody of funds for purchasing financial products, regularly conduct comprehensive inspection on all investment projects of financial products, reasonably predict the possible gains and losses of various investments according to the principle of prudence, and report to the board of directors and Audit Committee of the company.
4. The independent directors and the board of supervisors have the right to regularly or irregularly inspect the company's investment in financial products, and can hire professional institutions to audit when necessary.
Joyvio Food Co.Ltd(300268)
5. According to the relevant regulations of Shenzhen Stock Exchange, the company will disclose the purchase of financial products and relevant profits and losses during the reporting period in the regular report.
3、 Impact on the company
The company's use of idle self owned funds for short-term financial management business can further improve the income of the company's stock funds and improve the efficiency of fund use. The financial business partners of the company are high-quality banks, securities companies and other financial institutions with good business relations with the company, and are limited to low-risk financial products. The risk is relatively controllable and will not affect the normal production and operation of the company.
4、 Opinions of independent directors
After deliberation, we believe that the company's use of idle self owned funds for short-term financial management business on the premise of ensuring the capital demand of daily operation and effectively controlling risks is conducive to improving the use efficiency of the company's funds, will not adversely affect the company's business activities, is in line with the interests of the company and all shareholders, and does not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. The decision-making procedures on the company's use of idle self owned funds for short-term financial management are legal and compliant, and comply with the provisions of relevant laws, regulations and the articles of association. Therefore, we agree to the proposal on using idle self owned funds for short-term financial management and submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
5、 Documents for future reference
1. Resolutions of the 15th meeting of the 4th board of directors;
2. Resolutions of the 13th meeting of the 4th board of supervisors;
3. Independent opinions of independent directors on matters related to the 15th meeting of the Fourth Board of directors.
It is hereby announced.
Board of directors
April 8, 2022
