Securities code: Elite Color Environmental Resources Science&Technology Co.Ltd(002998) securities abbreviation: Elite Color Environmental Resources Science&Technology Co.Ltd(002998) Announcement No.: 2022011
Elite Color Environmental Resources Science&Technology Co.Ltd(002998)
Announcement on using some idle raised 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.
Elite Color Environmental Resources Science&Technology Co.Ltd(002998) (hereinafter referred to as “the company”) on April 13, 2022
The second meeting of the third board of directors and the second meeting of the third board of supervisors were held, and the proposal on using some idle raised funds for cash management was deliberated and adopted. The details are as follows:
1、 Basic information of raised funds
According to the prospectus for Elite Color Environmental Resources Science&Technology Co.Ltd(002998) initial public offering of shares
The investment projects and use plans of the funds raised from the initial public offering are as follows:
Unit: 10000 yuan
Serial number project name project investment total proposed raised funds implementation subject
Total investment
1 annual output of 220000 tons of functional composite low 43200 Guangzhou Haige Communications Group Incorporated Company(002465) 922 Elite Color Environmental Resources Science&Technology Co.Ltd(002998)
Melting point fiber project phase II
2 new R & D center project 10 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 93184 Elite Color Environmental Resources Science&Technology Co.Ltd(002998)
3. Supplementary working capital 22 Ping An Bank Co.Ltd(000001) 356257
Total 75200004315364
The company makes capital investment according to the progress of project construction, and some of the raised funds are idle in the process. In order to improve the use efficiency of the company’s funds, ensure that it will not affect the normal operation of the company and the raising of funds
Under the premise of the capital project construction and the use plan of the raised funds, use some idle raised funds for cash management, increase the company’s cash income and obtain more returns for the company and shareholders.
2、 Basic information of cash management using some idle self owned funds this time
(I) investment quota and term
In order to improve the use efficiency of the raised funds, the company plans to use part of the idle raised funds with a maximum amount of no more than RMB 30 million for cash management. The service life is effective within 12 months from the date of deliberation and approval by the board of directors. The above amount is within the validity period of the resolution, and the funds can be used on a rolling basis.
(II) investment varieties
In order to control risks, the funds within the above quota are mainly used for investment products with high safety, good liquidity, principal guaranteed agreement and a single financial product with a maximum term of no more than 12 months.
(III) implementation mode and authorization
The general meeting of shareholders of the company authorizes the management of the company to exercise the decision-making power within the above validity period and capital limit, and the specific matters shall be organized and implemented by the financial department of the company.
(IV) information disclosure
The board of directors of the company is responsible for timely performing the obligation of information disclosure in accordance with the relevant provisions of China Securities Regulatory Commission and Shenzhen Stock Exchange, and disclosing various investments and profits and losses in detail in the regular report
3、 Impact on the daily operation of the company
The company plans to use part of the idle raised funds for cash management, which is implemented on the premise of ensuring the funds required by the company’s raised investment projects and ensuring the safety of the raised funds. It will not affect the normal turnover needs of the company’s daily funds and the normal operation of the raised funds projects, nor will it affect the normal development of the company’s main business. At the same time, timely cash management of some idle raised funds can obtain certain investment income and seek more investment returns for the company and shareholders.
4、 Investment risk and risk control measures
(I) investment risk
1. Although the company intends to purchase financial products from banks and other financial institutions with low risk and high liquidity, the financial market is affected by macro-economy, and the above investment is affected by market fluctuations.
2. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of the investment is unpredictable.
(II) risk control measures
1. The management of the company exercises the investment decision-making power, including (but not limited to) selecting high-quality cooperative financial institutions, clarifying the amount and period of cash management, and selecting the variety of cash management products. The financial center of the company is responsible for organizing the implementation, timely analyzing and tracking the progress of cash management projects of financial institutions. Once adverse factors are found or judged, corresponding preservation measures must be taken in time to control investment risks;
2. The Audit Department of the company is responsible for the audit and supervision of the use and custody of the funds of this authorized investment. At the end of each quarter, it shall conduct a comprehensive inspection of all investment projects, reasonably predict the possible gains and losses of various investments according to the principle of prudence, and report to the Audit Committee;
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. Once adverse factors are found or judged, corresponding preservation measures will be taken in time to control investment risks;
4. The company will carry out cash management in strict accordance with the requirements of relevant rules and regulations such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies (revised in 2022), the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, strengthen the analysis and research of relevant product targets, and earnestly implement various internal control systems of the company, Strictly control investment risks.
5、 Relevant approval procedures and audit opinions
The second meeting of the third board of directors and the second meeting of the third board of supervisors held on April 13, 2022 considered and approved the proposal on using some idle raised funds for cash management, and agreed that the company should use the temporarily idle raised funds with an amount not exceeding RMB 30 million for cash management.
The independent directors of the company carefully reviewed the proposal on using some idle raised funds for cash management and issued clear consent opinions.
After verification, the sponsor China Industrial Securities Co.Ltd(601377) believes that the proposal of Elite Color Environmental Resources Science&Technology Co.Ltd(002998) using idle raised funds for cash management has been deliberated and adopted at the second meeting of the third board of directors and the second meeting of the third board of supervisors, and the independent directors of the company have also expressed their explicit consent. The decision-making process of this matter is legal and compliant.
Therefore, China Industrial Securities Co.Ltd(601377) has no objection to Elite Color Environmental Resources Science&Technology Co.Ltd(002998) using some idle raised funds for cash management.
6、 Documents for future reference
1. Resolutions of the second meeting of the third board of directors;
2. Resolutions of the second meeting of the third board of supervisors;
3. Independent opinions of independent directors on matters related to the second meeting of the third board of directors of the company;
4. Opinions on the use of raised funds
It is hereby announced
Elite Color Environmental Resources Science&Technology Co.Ltd(002998) board of directors
April 14, 2022
