Securities code: Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) securities abbreviation: Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) Announcement No.: 2022018 Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689)
Announcement on using self owned idle funds for investment and financial 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.
Important content tips:
1. Type of investment: in order to control risks, the funds within the above limit can only be used to purchase financial products of financial institutions with high safety, good liquidity and stability, including but not limited to reverse repurchase of treasury bonds, income certificates and other investment and financial activities recognized by Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”).
2. Investment amount: use its own funds not exceeding (including) 50 million yuan for investment and financial management. Within this limit, the funds can be used on a rolling basis, but the transaction amount (including the relevant amount of reinvestment of investment income) at any point in the period shall not exceed the investment and financial management limit.
3. Special risk tip: due to the great uncertainty in the selection of investment targets, market environment and other factors, please pay attention to the investment risk.
1、 Overview of investment
1. Investment purpose: without affecting the normal operation and development of the company, further improve the use efficiency of the company’s own idle funds, improve the return on assets and increase the company’s income.
2. Investment quota: use no more than (including) 50 million yuan for investment and financial management (including but not limited to reverse repurchase of national debt, income certificate and other investment and financial management activities recognized by Shenzhen Stock Exchange). Within this limit, the funds can be used on a rolling basis, but the transaction amount (including the relevant amount of reinvestment of investment income) at any point in the period shall not exceed the investment and financial management limit.
3. Type of investment: it is only used to purchase financial products of financial institutions with high security, good liquidity and stability, including but not limited to reverse repurchase of national debt, income certificate and other investment and financial behavior recognized by Shenzhen Stock Exchange.
4. Investment term: valid within one year from the date of deliberation and approval by the board of directors.
5. Source of funds: the company has its own idle funds. The source of funds is legal and does not involve the use of raised funds or bank credit funds.
2、 Review procedure
The investment has been approved at the 15th meeting of the 4th board of directors and the 13th meeting of the 4th board of supervisors. According to the provisions of relevant laws, regulations and normative documents such as the guidelines for self discipline supervision of listed companies No. 7 – transactions and related party transactions, the business of using its own idle funds for investment and wealth management falls within the scope of the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
3、 Investment risk analysis and risk control measures
(I) investment risk:
1. Market risk: the securities market is greatly affected by macroeconomic, fiscal and monetary policies and the operational risk of the staff. The company’s investment and wealth management income is uncertain.
2. Force majeure risk: the occurrence of force majeure factors such as natural disasters and wars will seriously affect the normal operation of the financial market, resulting in the reduction or loss of product income, and even affect the normal process of product acceptance, investment and redemption, and then affect the capital safety of the product.
(II) risk control measures:
1. The company invests in strict accordance with the requirements of laws and regulations such as the Listing Rules of Shenzhen Stock Exchange and the articles of association.
2. The company has formulated the securities investment and derivatives trading management system, which standardizes the company’s investment behavior, is conducive to the company’s prevention of investment risks and ensures the safety and effective appreciation of investment funds.
3. The company will reasonably carry out investment within the authorized amount in combination with production and operation, fund use plan, etc., and ensure that the investment funds are idle self owned funds of the company.
4. The finance department and relevant departments of the company are responsible for the raising, use management, project implementation and other specific matters of investment and wealth management transaction funds.
5. The Audit Department of the company is responsible for auditing and supervising the use and custody of funds.
6. The audit committee of the board of directors of the company has the right to investigate and track the company’s investment and financial transactions at any time, so as to strengthen the early-stage and tracking management of the company’s investment and financial transactions and control risks
7. 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.
8. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of the CSRC and Shenzhen Stock Exchange.
4、 Impact of investment on the company
The company adheres to the principle of prudent investment. On the premise of ensuring the daily operation and capital safety of the company, the company appropriately carries out investment and financial management business with its own idle funds, which will not affect the normal development of the company’s main business. Appropriate investment and financial management can improve the company’s capital use efficiency, increase investment income and seek better investment return for the company and shareholders.
5、 Opinions of independent directors
After verification, the company is in good operation and stable financial condition. On the premise of ensuring the daily capital demand and capital safety, the appropriate use of its own idle funds for investment and financial management is conducive to improving the use efficiency of the company’s own funds and increasing income, and will not have an adverse impact on the company’s production. The deliberation and voting procedures of this matter comply with the company law According to the provisions of the Listing Rules of Shenzhen Stock Exchange and relevant normative documents, there is no damage to the interests of the company and all shareholders, especially small and medium-sized shareholders, and the internal control procedures of the company are sound. It is agreed that the company will use its own idle funds of no more than (including) 50 million yuan for investment and financial management.
6、 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.
Shenyang Yuanda Intellectual Industry Group Co.Ltd(002689) board of directors
April 12, 2022
