Stock Code: Ocean'S King Lighting Science & Technology Co.Ltd(002724) stock abbreviation: Ocean'S King Lighting Science & Technology Co.Ltd(002724) Announcement No.: 2022030
Ocean'S King Lighting Science & Technology Co.Ltd(002724)
Announcement on the progress of using idle self owned 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 falsehood
False records, misleading statements or material omissions.
Ocean'S King Lighting Science & Technology Co.Ltd(002724) (hereinafter referred to as "the company") was called on April 14, 2021
The third meeting of the Fifth Board of directors and the third meeting of the Fifth Board of supervisors were held on May 13, 2021
Held the 2020 annual general meeting of shareholders, reviewed and adopted the regulations on cash management with self owned idle funds
The proposal agrees that the company will use idle self owned funds of no more than 1.5 billion yuan for cash management and purchase
Buy products with short-term (no more than one year), high security and good liquidity that can ensure the safety of principal, and the validity period is from
Valid within one year from the date of deliberation and approval by the general meeting of shareholders. Within the above limit and validity period, the funds can be rolled
And the total amount of cash management products purchased by the company at any point in time does not exceed the above limit. The board of directors, the board of supervisors, independent directors and the recommendation institution of the company have expressed their explicit consent to the above proposals. See details for details
Published on juchao.com on May 16, 2021
（www.cn.info.com.cn.） Relevant announcements.
Recently, the company's wholly-owned subsidiary Ocean'S King Lighting Science & Technology Co.Ltd(002724) (Dongguan) Lighting Technology Co., Ltd. (hereinafter referred to as "Hai
Yangwang Dongguan company ") and its holding subsidiary Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) power grid Lighting Technology Co., Ltd. (hereinafter referred to as
" Ocean'S King Lighting Science & Technology Co.Ltd(002724) power grid lighting company"), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) Green Lighting Technology Co., Ltd. (hereinafter referred to as "sea lighting company")
Yangwang Green Lighting Co., Ltd.), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) railway Lighting Technology Co., Ltd. (hereinafter referred to as "ocean lighting")
Wang railway Lighting Co., Ltd.), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) petroleum Lighting Technology Co., Ltd. (hereinafter referred to as " Ocean'S King Lighting Science & Technology Co.Ltd(002724) ")
Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) ship venue Lighting Technology Co., Ltd. (hereinafter referred to as "ocean lighting")
Wang shipbuilding venue company ") used a total of 125 million yuan of idle self owned funds for cash within the authorized amount
Administration. The details are as follows:
1、 Basic information of cash management using idle self owned funds this time
The name of the product and the amount of the product are expected to be annualized. The client's value date and maturity date
No. tuopin code type (10000 yield)
Square (yuan)
Bank Of Communications Co.Ltd(601328) Yuntong
hand over
Ocean'S King Lighting Science & Technology Co.Ltd(002724) wealth fixed-term Principal Guaranteed floating
through
1 Dongguan Public structured deposit 187 movable income 55 Shanghai Kehua Bio-Engineering Co.Ltd(002022) -04-08202210-12 2.05% - 3.35% silver
Sitian (pegged exchange rate)
that 's ok
(down) 2699222016
Bank Of Communications Co.Ltd(601328) Yuntong
hand over
Ocean'S King Lighting Science & Technology Co.Ltd(002724) wealth fixed-term Principal Guaranteed floating
through
2 power grid structured deposit 187 movable income 10 Shanghai Kehua Bio-Engineering Co.Ltd(002022) -04-08202210-12 2.05% - 3.35% silver
Mingtian company (pegged exchange rate)
that 's ok
(down) 2699222016
Bank Of Communications Co.Ltd(601328) Yuntong
hand over
Ocean'S King Lighting Science & Technology Co.Ltd(002724) wealth fixed-term Principal Guaranteed floating
through
3 green structured deposit 187 movable income 20 Shanghai Kehua Bio-Engineering Co.Ltd(002022) -04-08202210-12 2.05% - 3.35% silver
Mingtian company (pegged exchange rate)
that 's ok
(down) 2699222016
Bank Of Communications Co.Ltd(601328) Yuntong
hand over
Ocean'S King Lighting Science & Technology Co.Ltd(002724) wealth fixed-term Principal Guaranteed floating
through
4 railway structured deposit 187 movable income 10 Shanghai Kehua Bio-Engineering Co.Ltd(002022) -04-08202210-12 2.05% - 3.35% silver
Mingtian company (pegged exchange rate)
that 's ok
(down) 2699222016
Bank Of Communications Co.Ltd(601328) Yuntong
hand over
Ocean'S King Lighting Science & Technology Co.Ltd(002724) wealth fixed-term Principal Guaranteed floating
through
5 oil structured deposit 187 movable income 20 Shanghai Kehua Bio-Engineering Co.Ltd(002022) -04-08202210-12 2.05% - 3.35% silver
Mingtian company (pegged exchange rate)
that 's ok
(down) 2699222016
Ocean'S King Lighting Science & Technology Co.Ltd(002724) pay Bank Of Communications Co.Ltd(601328) Yuntong breakeven float
6. The fixed-term income of shipyard fortune is 10 Shanghai Kehua Bio-Engineering Co.Ltd(002022) -04-08202210-12 2.05% - 3.35%, and the bank structured deposit of Guanzhou company is 187
Xingtian (pegged exchange rate)
(down) 2699222016
The company has no relationship with the above trustees
2、 Cash and risk control measures
1. Investment risk
(I) policy risk
This product is designed according to the current relevant regulations and policies. If the national macro policies and relevant market regulations and policies change, it may affect the normal process of product acceptance, investment, repayment and so on.
(II) market risk
During the duration of this product, it may involve interest rate risk, exchange rate corresponding to the linked object, commodities and other market risks, resulting in fluctuations in the actual income of structured deposits.
(III) credit risk
Bank Of Communications Co.Ltd(601328) the occurrence of credit risk, such as being revoked or filed for bankruptcy according to law, will have an impact on the subscription funds and income of this structured deposit product.
(IV) liquidity risk
During the duration of the product, investors have no right to terminate in advance. If investors have liquidity demand, they may face liquidity risk that the product cannot be realized at any time and the holding period does not match the capital demand date.
(V) risk of early termination of products
During the term of the product, if the bank terminates the product in advance, the investor may face the risk of failing to obtain the expected return according to the expected holding period of the product (if any).
(VI) product failure risk
Before the establishment date of the product, if the national macro policy and relevant market regulations and policies change, or the market fluctuates violently, and the bank reasonably judges that it is difficult to provide the product to investors in accordance with the structured deposit agreement, the bank has the right to decide whether the product is not established.
(VII) risk of information transmission
Investors need to log in to the bank portal or inquire at the bank's business outlets to understand the product related information announcement. Investors shall timely inquire about the relevant information of the product according to the announcement method specified in the product agreement. If the investor fails to inquire in time, or due to the influence of force majeure and / or accidents, the investment shall be borne by the investor. Unless otherwise agreed by both parties in the supplementary agreement / supplementary terms. The foregoing agreement does not exempt the bank from the liability that should be borne by the bank according to law due to the bank's fault.
(VIII) risk of force majeure and accidents
Due to force majeure and / or changes in national policies, it system failure, communication system failure, power system failure, financial crisis, suspension of trading in the investment market and other reasons beyond the control of the bank, it may affect the product establishment, investment operation, capital return, information disclosure and announcement of the product, which may reduce the product income and even cause losses to the product. The investor shall bear the losses caused by the risk of force majeure and accidents, and the bank shall not be liable for this, unless otherwise agreed by both parties in the supplementary agreement / supplementary terms. The foregoing agreement does not exempt the bank from the liability that should be borne by the bank according to law due to the bank's fault. If the bank is unable to continue to perform the product agreement due to force majeure and / or accidents, the bank has the right to terminate the product agreement in advance and transfer the remaining investor product funds after force majeure and / or accidents to the settlement account designated by the investor.
(IX) investment results under the most unfavorable investment conditions
If the product is established and the bank successfully deducts the investor's subscription principal, the bank will provide the investor with full guarantee of the principal and pay the due income to the investor in accordance with the relevant provisions of the product agreement.
When the linked object fails to meet the conditions for obtaining a higher expected rate of return defined in the product manual on the exchange rate observation date during the duration of the current product, the customer can get back all the product subscription funds and obtain the income calculated at the low rate of return agreed in the product manual (see the special page of the product manual for the income calculation formula).
2. Risk control measures
(1) Within the limit, the board of directors of the company authorizes the general manager of the company and its subsidiaries to exercise the investment decision-making power and sign relevant contracts. The chief financial officer of the company is responsible for organizing the implementation. The relevant personnel of the company's financial department will timely analyze and continuously track the specific investment direction and project progress of cash management products. If risk factors that may affect the safety of the company's funds are found in the evaluation, corresponding measures will be taken in time to control the investment risk;
(2) The internal audit department of the company is responsible for the internal supervision of the use and custody of funds of cash management products, and conduct a comprehensive inspection of all investment projects of cash management products at the end of each fiscal year;
(3) The independent directors and the board of supervisors of the company shall supervise and inspect the use of funds, and may hire professional institutions to audit when necessary;
2、 Impact on the company's operation
The company's cash management with its own funds is implemented on the premise of ensuring the company's daily operation and capital safety, which will not affect the needs of the company's daily capital turnover and the normal development of the company's main business. By purchasing products with short-term (no more than one year), high security and good liquidity that can ensure the safety of principal, we can improve the efficiency of capital use, obtain a good return on investment, further improve the overall performance level of the company and fully protect the interests of shareholders.
3、 The company's use of idle self owned funds for cash management within 12 months before the announcement date
As of the date of this announcement, the company has used idle self owned funds for cash management in the first 12 months, and the outstanding balance is RMB 343 million (including this time), which does not exceed the authorized amount of using idle self owned funds for cash management considered by the board of directors of the company.
4、 Documents for future reference
1. Product description, risk disclosure statement and banking business receipt;
2. Other documents required by Shenzhen Stock Exchange.
It is hereby announced
Ocean'S King Lighting Science & Technology Co.Ltd(002724) board of directors April 11, 2022
