Announcement on the company's use of idle self owned funds for entrusted financial management
Securities code: Guangzhou Jinyi Media Corporation(002905) securities abbreviation: Guangzhou Jinyi Media Corporation(002905) Announcement No.: 2022007 Guangzhou Jinyi Media Corporation(002905)
Announcement on the company's use of idle self owned funds for entrusted 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. Investment type: financial products with high security and good liquidity.
2. Investment amount: the total amount of entrusted financial management at any time point shall not exceed 300 million yuan.
3. Special risk warning: the company uses idle self owned funds for entrusted financial management appropriately, which will not affect the normal operation of the company and will not have a significant impact on the company. Please pay attention to investment risks.
1、 Overview of entrusted financial management
(I) investment purpose
On the premise of ensuring the company's daily operation capital demand and capital safety, appropriate entrusted financial management with idle self owned funds can improve the use efficiency of idle self owned funds and increase the company's cash asset income.
(II) investment quota
The maximum amount shall not exceed RMB 300 million. This amount can be recycled and rolled from the date of deliberation and approval of the company's 2021 annual general meeting to the date of holding the 2022 annual general meeting, and the total amount of entrusted financial management at any time point shall not exceed RMB 300 million. The actual amount of purchased financial products will be increased or decreased according to the actual situation of the company's funds.
(III) investment varieties
The company uses its own funds that are temporarily idle in stages to purchase financial products with high safety and good liquidity for entrusted financial management. It is not used for financial products with stocks, interest rates, exchange rates and their derivatives as investment targets, securities investment funds, entrusted financial products for securities investment and other securities related investments.
Announcement on the company's use of idle self owned funds for entrusted financial management
The above investment varieties have low risk and higher income than the bank deposit interest rate in the same period. It is a financial means for the company to improve the efficiency of fund use on the premise of controllable risk.
(IV) source of funds
The company has its own idle funds.
(V) validity of the resolution
Effective from the date of deliberation and approval of the 2021 annual general meeting to the date of holding the 2022 annual general meeting.
(VI) relationship with the trustee
The company has no relationship with the financial institutions providing financial products. This investment does not constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Review procedure
The company held the 11th meeting of the 4th board of directors and the 11th meeting of the 4th board of supervisors on April 13, 2022, and deliberated and adopted the proposal on the company's use of idle self owned funds for entrusted financial management. In accordance with the relevant laws and regulations such as the Listing Rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and the articles of association, this matter needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Risks and control measures of entrusted financial management
(I) investment risk
1. Market risk
Although entrusted financial management belongs to the category of low-risk investment, the financial market is greatly affected by the macro-economy. It is not ruled out that the investment is affected by market fluctuations. The company will intervene timely and appropriately according to the capital situation, economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable.
2. Operational risk
The financial management center is responsible for the specific organization and implementation of the entrusted financial management matters. It may happen that the operators fail to report and approve according to the specified procedures, or fail to accurately, timely and completely record the entrusted financial management business information
Announcement on the company's use of idle self owned funds for entrusted financial management
Can lead to business loss or loss of trading opportunities. The operational risks of relevant staff will be controlled through a strict internal approval mechanism.
3. Legal risk
In carrying out entrusted financial management business, there may be transaction losses caused by the trading personnel's failure to fully understand the terms of the transaction contract and product information, resulting in business activities that do not comply with the legal provisions or external legal events. The company will strengthen the professional review of contract terms and strictly control legal risks.
(II) for investment risk, the company will take the following measures:
1. The company will establish and improve the approval and implementation procedures of financial management business in strict accordance with the requirements of relevant laws and regulations such as the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and the articles of Association, in accordance with the principle of separation of decision-making, implementation and supervision, so as to ensure the effective development and standardized operation of this business and strictly control investment risks.
2. The company strictly abides by the principle of prudent investment, strictly selects investment objects, and selects financial products with high safety and good liquidity for investment.
3. During the specific implementation of the company, the chairman shall exercise the investment decision-making power and sign relevant contract documents; The legal department of the company is responsible for reviewing the financial management contract, investigating the background of the investment and financial products selling institution and giving legal opinions; The financial management center of the company organizes the implementation, and arranges special personnel to timely analyze and track the investment direction of financial products and project progress. If the evaluation finds that there are risk factors that may affect the safety of the company's funds, corresponding measures will be taken in time to control the investment risk.
4. The financial management department shall be responsible for the audit of the company's investment and reasonable use of all products, and shall be responsible for the supervision of the reasonable use and possible loss of all products according to the principle of financial management.
5. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary. On the basis of the verification of the Audit Department of the company, the independent directors mainly focus on the verification opinions of the audit committee of the board of directors. At the same time, independent directors express independent opinions on entrusted financial management matters submitted to the board of directors for consideration.
6. The company will disclose the purchase of financial products and the corresponding profits and losses during the reporting period in accordance with the relevant provisions of the regulatory authorities.
4、 Impact on the company's operation
Announcement on the company's use of idle self owned funds for entrusted financial management
The company will first ensure sufficient working capital, normal and orderly production and operation, and ensure the normal operation and capital liquidity and safety of the company and its subsidiaries. The company will focus on cash flow and flexibility of product redemption when using idle self owned funds for entrusted financial management.
Therefore, investment and financial products will not affect the company's daily production and operation. By purchasing financial products with high security and good liquidity, we can obtain certain investment benefits, improve the overall performance level of the company and seek more investment returns for shareholders.
5、 Opinions of independent directors
The independent directors of the company express their independent opinions on the company's use of idle self owned funds for entrusted financial management as follows: the company is in good operation and stable financial condition. On the premise of not affecting the normal turnover needs of the company's daily funds and the normal development of the company's main business, using idle self owned funds for entrusted financial management will improve the use efficiency of funds and obtain certain investment benefits, Seek more investment returns for the company's shareholders, in line with the relevant provisions of the Shenzhen Stock Exchange Stock Listing Rules, the Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 1 - standardized operation of main board listed companies, and the articles of association. The use of the above funds will not have an adverse impact on the company's business activities, which is in line with the interests of the company and does not damage the interests of the company and all shareholders, especially minority shareholders. Therefore, we unanimously agree to the above proposal.
6、 Documents for future reference
1. Resolution of the 11th meeting of Guangzhou Jinyi Media Corporation(002905) the 4th board of directors; 2. Resolution of the 11th meeting of Guangzhou Jinyi Media Corporation(002905) the 4th board of supervisors; 3. Prior approval and independent opinions of Guangzhou Jinyi Media Corporation(002905) independent directors on matters related to the 11th meeting of the 4th board of directors.
It is hereby announced.
Guangzhou Jinyi Media Corporation(002905) board of directors April 15, 2022
