Securities code: Shanghai Sk Automation Technology Co.Ltd(688155) securities abbreviation: Shanghai Sk Automation Technology Co.Ltd(688155) Announcement No.: 2022032 Shanghai Sk Automation Technology Co.Ltd(688155)
On the use of some temporarily idle self owned funds
Announcement of 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 responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Shanghai Sk Automation Technology Co.Ltd(688155) (hereinafter referred to as ” Shanghai Sk Automation Technology Co.Ltd(688155) ” or “the company”) held the 34th meeting of the second board of directors and the 27th meeting of the second board of supervisors on April 8, 2022, deliberated and adopted the proposal on cash management with some temporarily idle self owned funds. According to the company’s operating conditions and capital operation, without affecting the normal operating activities of the company, And on the premise of ensuring the demand for working capital and capital security, the company plans to use temporarily idle self owned funds up to RMB 500 million for cash management to purchase investment products with high security, good liquidity and guaranteed principal (including but not limited to structural deposits, time deposits, certificates of deposit, etc.).
This cash management issue is valid for 12 months from the date of deliberation and approval by the board of directors. Within the above limit and service life, the funds can be recycled and used. The board of directors of the company authorizes the company’s operation and management to exercise investment decision-making power and sign relevant documents within the validity of the above limit and resolution. The specific matters shall be organized and implemented by the company’s finance department.
1、 The basic situation of cash management using some temporarily idle self owned funds this time
(I) purpose of cash management
In order to further improve the use efficiency of the company’s funds and increase the company’s income and shareholder return, the company plans to use some temporarily idle self owned funds for cash management on the premise of ensuring that the normal development of the company’s main business is not affected and the demand for working capital and risk are controllable.
(II) source of funds
The capital source of the company’s proposed cash management is the company’s own funds temporarily idle, which will not affect the normal operation of the company.
(III) investment amount and term
According to the current use of funds of the company, it is proposed to use temporarily idle self owned funds up to RMB 500 million for cash management. The service life is valid within 12 months from the date of deliberation and approval by the board of directors. Within the above limit and term, the funds can be recycled and used in a rolling manner.
(IV) investment varieties
The company will strictly control risks in accordance with relevant regulations and use idle self owned funds to purchase investment products with high security, good liquidity and guaranteed principal (including but not limited to structural deposits, time deposits, certificates of deposit, etc.).
(V) implementation mode
The board of directors of the company authorizes the management of the company to exercise the decision-making power on this matter within the above validity period and limit and sign relevant contract documents. The specific matters shall be organized and implemented by the Finance Department of the company.
(VI) information disclosure
The company will timely perform the obligation of information disclosure in accordance with the provisions of the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and other relevant laws and regulations. 2、 Impact on the daily operation of the company
The company’s cash management of some temporarily idle self owned funds is carried out on the premise of ensuring that the normal development of the company’s main business is not affected and that the demand for working capital and risk are controllable. Cash management helps to improve the efficiency of the company’s capital use and increase the company’s capital income, so as to seek more return on investment for the company and shareholders.
3、 Investment risk and risk control measures
(I) investment risk
In order to control risks, when the company conducts cash management, it selects investment products with high security, good liquidity and guaranteed principal (including but not limited to structural deposits, time deposits, large certificates of deposit, etc.). The overall risk is controllable, but the financial market is greatly affected by the macro economy. The company will intervene appropriately according to the economic situation and changes in the financial market, but it does not rule out the impact of market fluctuations on this investment.
(II) risk control measures
1. The relevant personnel of the Finance Department of the company will analyze and track the changes in the net value of the products in real time. If the evaluation finds that there are risk factors that may affect the company’s capital safety, adverse changes in profitability, loss of investment products inconsistent with the situation at the time of purchase, they will take corresponding measures in time to control the investment risk.
2. The capital inflow and outflow involved in cash management must be carried out in the name of the company. It is prohibited to transfer in and out funds in the name of individuals, withdraw cash from the entrusted account, lend the entrusted account, use other investment accounts and invest outside the account.
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.
4. The company will timely perform the obligation of information disclosure in strict accordance with the relevant provisions of the CSRC and Shanghai Stock Exchange.
4、 Relevant approval procedures
On April 8, 2022, the company held the 34th meeting of the second board of directors and the 27th meeting of the second board of supervisors, deliberated and adopted the proposal on using some temporarily idle self owned funds for cash management, and agreed that the company would not affect the company’s normal business activities and ensure the demand for working capital and capital safety, The company plans to use temporarily idle self owned funds up to RMB 500 million for cash management, and the service life is valid within 12 months from the date of deliberation and approval by the board of directors. Within the above limit and term, the funds can be used circularly and rolling. The independent directors and the board of supervisors of the company have expressed clear consent to the above matters.
5、 Description of special opinions
(I) opinions of independent directors
The independent directors believe that without affecting the normal business activities of the company and ensuring the demand for working capital and capital safety, the company uses temporarily idle self owned funds up to RMB 500 million for cash management to purchase investment products with high safety, good liquidity and guaranteed principal, which can improve the use efficiency and effect of idle self owned funds and further improve the overall income of the company, In line with the interests of all shareholders. The contents and deliberation procedures of the above matters are legal and effective, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders.
In conclusion, the independent directors unanimously agree that the company will use temporarily idle self owned funds up to RMB 500 million for cash management, and the funds can be recycled and rolled within the above limit and term. (II) opinions of the board of supervisors
The board of supervisors believes that under the premise of not affecting the normal business activities of the company and ensuring the demand for working capital and capital safety, the company uses temporarily idle self owned funds up to RMB 500 million for cash management to purchase investment products with high safety, good liquidity and guaranteed principal, which can improve the efficiency and effect of idle self owned funds and further improve the overall income of the company, In line with the interests of all shareholders. The contents and deliberation procedures of the above matters are legal and effective, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders.
In conclusion, the board of supervisors agreed that the company could use temporarily idle self owned funds up to RMB 500 million for cash management, and the funds could be recycled and rolled within the above limit and term.
6、 Online announcement document
Independent opinions of Shanghai Sk Automation Technology Co.Ltd(688155) independent directors on relevant matters of the 34th meeting of the second board of directors
It is hereby announced.
Shanghai Sk Automation Technology Co.Ltd(688155) board of directors April 9, 2022
