Securities code: Guangdong Lyric Robot Automation Co.Ltd(688499) securities abbreviation: Guangdong Lyric Robot Automation Co.Ltd(688499) Announcement No.: 2022022 Guangdong Lyric Robot Automation Co.Ltd(688499)
Announcement on the company’s plan to use part of its own funds for 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 liabilities for the authenticity, accuracy and integrity of its contents according to law.
Guangdong Lyric Robot Automation Co.Ltd(688499) (hereinafter referred to as “the company”) held the ninth meeting of the second board of directors and the seventh meeting of the second board of supervisors on April 7, 2022, and deliberated and adopted the proposal on the company’s proposed use of part of its own funds for cash management. On the premise of not affecting the company’s normal business, the company and its subsidiaries intend to use idle own funds with a maximum amount of no more than 300 million yuan for cash management, It is used to purchase low-risk investment products with high security and good liquidity (including but not limited to financial products with low risk, high security and good liquidity issued by commercial banks, securities companies, fund companies, trust companies, asset management companies and other financial institutions). From the date this proposal is considered and approved by the board of directors to the date of the annual board of directors of the next year. Within the above-mentioned financial management limit and term, the funds can be recycled and rolled. The independent directors expressed their independent opinions. 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: I. Basic information about the proposed use of some self owned funds for cash management
(I) purpose of cash management
On the premise of not affecting the normal operation and capital safety of the company and its subsidiaries, in order to improve the efficiency of capital use, make rational use of funds, increase the income of cash assets and obtain more returns for the company and shareholders.
(II) amount of cash management
The company and its subsidiaries intend to use idle self owned funds with a maximum amount of no more than 300 million yuan for cash management to purchase low-risk investment products with high safety and good liquidity. Within the above limit, the funds can be used on a rolling basis.
(III) types of products purchased by cash management
In order to control risks, the company and its subsidiaries intend to use idle funds to purchase low-risk investment products with high security and good liquidity, including but not limited to financial products with low risk, high security and good liquidity issued by commercial banks, securities companies, fund companies, trust companies, asset management companies and other financial institutions.
(IV) authorization period of cash management
The validity period is from the date when the proposal is considered and approved by the board of directors to the date of the annual board of directors of the next year.
(V) cash management fund source and specific implementation method
The source of funds is the company’s temporarily idle own funds. Within the scope of the quota and the validity of the resolution, the board of directors shall be requested to authorize the chairman to exercise the investment decision-making power and sign contracts and agreements, and the financial director shall be responsible for the organization, implementation and management.
2、 Risk and risk control measures
(I) cash management risk
The company conducts cash management and mainly purchases low-risk investment products with high security and good liquidity, including but not limited to financial products with low risk, high security and good liquidity issued by commercial banks, securities companies, fund companies, trust companies, asset management companies and other financial institutions.
Although low-risk investment products with high safety and good liquidity are selected, the financial market is greatly affected by the macro-economy, and it is not ruled out that the investment is affected by market fluctuations.
(II) risk control of cash management
1. Relevant personnel of the company’s finance department will timely analyze and track the situation of financial products, and take corresponding measures to control investment risks in case of risks that may affect the company’s capital security. 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 Audit Department of the company is responsible for reviewing the actual operation of financial products, the use of funds, profits and losses, etc., urging the financial department to carry out accounting treatment in time and verifying the accounting treatment.
3. 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、 Impact on daily production and operation of the company
1. Based on the principles of standardized operation, risk prevention, prudent investment and value preservation and appreciation, the company uses temporarily idle self owned funds for management, which is implemented on the premise of ensuring daily operation and has no impact on the normal production and operation of the company.
2. The company’s use of temporarily idle self owned funds to purchase financial products can improve the use efficiency of temporarily idle self owned funds, increase the company’s income and obtain more returns for the company and shareholders.
4、 Implementation of decision-making procedures
At the 9th meeting of the second board of directors and the 7th Meeting of the second board of supervisors held on April 7, 2022, the proposal on the company’s plan to use part of its own funds for cash management was reviewed and adopted respectively, and it was agreed that the company would use temporarily idle own funds with a limit of no more than RMB 300 million for cash management without affecting the normal operation and capital safety of the company and its subsidiaries.
5、 Description of special opinions
(I) opinions of independent directors
The independent directors believe that the company will idle its own funds to purchase financial products in order to effectively improve the efficiency of capital use on the premise of meeting the normal production and operation and capital safety. The capital financing business carried out by the company is supervised by the audit department, independent directors and the board of supervisors of the company, which can effectively control the corresponding risks, which is in line with the interests of the company and all shareholders, and there is no situation that damages the interests of minority shareholders. The independent directors unanimously agreed to the proposal on the company’s plan to use part of its own funds for cash management.
(II) opinions of the board of supervisors
The board of supervisors believes that the company plans to use no more than RMB 300 million to temporarily idle its own funds to buy financial products with high safety, good liquidity and low risk, which is conducive to improving the efficiency of capital use, increasing the company’s capital income and seeking a better return on investment for the company and shareholders. This matter will not affect the needs of the company’s daily capital turnover and the normal development of the company’s main business, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. The board of supervisors agreed that the company should use the temporarily idle self owned funds of no more than RMB 300 million for cash management.
It is hereby announced.
Guangdong Lyric Robot Automation Co.Ltd(688499) board of directors April 7, 2022
