Securities code: Sichuan Tianyi Comheart Telecom Co.Ltd(300504) securities abbreviation: Sichuan Tianyi Comheart Telecom Co.Ltd(300504) Announcement No.: 2022025 Sichuan Tianyi Comheart Telecom Co.Ltd(300504)
Announcement on using some 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 false records, misleading statements or major omissions.
In order to improve the use efficiency of the company’s funds, make the stock funds obtain reasonable income and increase the company’s income, on the premise of not affecting the normal operation of the company, in accordance with the articles of association, foreign investment management system and relevant laws and regulations, Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (hereinafter referred to as “the company” or ” Sichuan Tianyi Comheart Telecom Co.Ltd(300504) “) held the fifth meeting of the Fourth Board of directors on April 11, 2022 The 5th meeting of the 4th board of supervisors deliberated and approved the proposal on using some idle self owned funds for cash management. The company, its wholly-owned subsidiaries and subsidiaries intend to use idle self owned funds of no more than 200 million yuan (including this amount) for cash management. The specific contents are hereby announced as follows:
1、 Basic information of cash management using idle self owned funds this time
1. Investment purpose
In order to improve the use efficiency of the company’s funds, on the premise of not affecting the normal operation of the company, the rational use of some temporarily idle own funds for cash management can increase the capital income and obtain more returns for the company and shareholders. 2. Investment quota and capital source
The company and its wholly-owned subsidiaries and subsidiaries intend to use idle self owned funds of no more than RMB 200 million (including this amount) to purchase investment products or low-risk financial products (including but not limited to structural deposits, agreement deposits, reverse repurchase of national bonds, etc.) issued by banks or other financial institutions with an investment period of no more than 12 months, which have high security, good liquidity and do not affect the normal operation of the company, The investment period of a single product shall not exceed 12 months; The above-mentioned funds can be used within the validity period of the resolution.
3. Varieties of investment products
Purchase investment products or low-risk financial products issued by banks or other financial institutions with an investment term of no more than 12 months that have high security, good liquidity and do not affect the normal operation of the company (including but not limited to structural deposits, agreement deposits, reverse repurchase of national debt, etc.).
4. Term of validity of investment resolution
Effective within 12 months from the date of deliberation and adoption at the fifth meeting of the Fourth Board of directors.
5. Implementation mode
The company authorizes the chairman of the company, the executive directors of wholly-owned subsidiaries and subsidiaries to exercise relevant investment decision-making power and sign relevant contract documents within the above quota and the validity period
2、 Investment risk analysis and risk control measures
(I) investment risk
1. Although financial products have been strictly evaluated, the financial market is greatly affected by the macro-economy. It is not ruled out that the investment is affected by market fluctuations and mainly faces investment risks such as income fluctuation risk and liquidity risk. 2. The company will intervene timely and appropriately according to the macroeconomic situation and changes in the financial market, so the actual return of investment cannot be expected.
(II) for investment risks, the proposed measures are as follows:
1. Relevant personnel of the Finance Department of the company will analyze and track the progress in time. If risk factors that may affect the safety of the company’s funds are found in the assessment, 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 internal audit department of the company shall be responsible for internal supervision and conduct comprehensive risk inspection on the financial products invested by the company on a regular basis.
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’s operation
On the premise of complying with national laws and regulations and ensuring that the normal progress and capital safety of the company’s own capital investment projects are not affected, the company uses some idle own funds for cash management, which will not affect the normal development of the company’s business activities. Through appropriate cash management, we can improve the use efficiency of our own funds, obtain certain investment income, and seek more investment returns for our shareholders.
4、 Decision making procedures for this matter
1. The fifth meeting of the Fourth Board of directors of the company deliberated and adopted the proposal on using some idle self owned funds for cash management with 9 affirmative votes, 0 negative votes and 0 abstention.
2. The fifth meeting of the 4th board of supervisors of the company deliberated and adopted the proposal on using some idle self owned funds for cash management with 3 affirmative votes, 0 negative votes and 0 abstention votes.
After deliberation, the board of supervisors agreed that: on the premise of not affecting the normal operation of the company, the company and its wholly-owned subsidiaries and subsidiaries use idle self owned funds of no more than 200 million yuan (including this amount) for cash management, and the bank or other financial institutions with an investment period of no more than 12 months are proposed to purchase high security, good liquidity Investment products or low-risk financial products that do not affect the normal operation of the company (including but not limited to structured deposits, negotiated deposits, reverse repurchase of national debt, etc.). The term of use is valid within 12 months from the date of deliberation and approval by the board of directors. Within the validity period of the above quota and resolution, it can be recycled and used continuously, and the chairman of the company, the executive directors of wholly-owned subsidiaries and subsidiaries are authorized to exercise relevant investment decision-making power and sign relevant contract documents within the above quota and validity period.
3. All independent directors believe that the company’s use of idle self owned funds to purchase investment products or low-risk financial products with high safety and good liquidity is implemented under the condition of ensuring that the normal operation of the company is not affected, which can improve the efficiency of fund use, better maintain and increase the value of the company’s funds and safeguard the interests of the company’s shareholders. It is agreed that without affecting the normal operation of the company, the company and its wholly-owned subsidiaries and subsidiaries use idle self owned funds of no more than RMB 200 million (including this amount) for cash management. The bank or other financial institutions with an investment period of no more than 12 months are proposed to purchase high security, good liquidity Investment products or low-risk financial products that do not affect the normal operation of the company (including but not limited to structured deposits, negotiated deposits, reverse repurchase of national debt, etc.). The term of use is valid within 12 months from the date of deliberation and approval by the board of directors. Within the validity period of the above quota and resolution, it can be recycled and used continuously, and the chairman of the company, the executive directors of wholly-owned subsidiaries and subsidiaries are authorized to exercise relevant investment decision-making power and sign relevant contract documents within the above quota and validity period. Independent directors unanimously agree that the company uses some idle self owned funds for cash management.
4. According to the articles of association, foreign investment management system and relevant laws and regulations, the investment amount is within the authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
5、 Documents for future reference
1. Resolutions of the 5th meeting of the 4th board of directors of the company;
2. Resolutions of the 5th meeting of the 4th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the fifth meeting of the Fourth Board of directors of the company.
It is hereby announced.
Sichuan Tianyi Comheart Telecom Co.Ltd(300504) board of directors April 12, 2022
