Securities code: 603048 securities abbreviation: Zhejiang Liming Announcement No.: 2022005 Zhejiang Li Zhizhi Manufacturing Co., Ltd
On using some idle raised funds for cash management
Progress announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● entrusted cash management trustee: China Merchants Bank Co.Ltd(600036) ;
● the entrusted cash management amount: 70 million yuan;
● name of entrusted cash management: structured deposit;
● product life: April 15, 2022 - July 15, 2022;
● review procedures: the 13th meeting of the first board of directors and the 10th meeting of the first board of supervisors of Zhejiang lizhizhizao Co., Ltd. (hereinafter referred to as "the company") deliberated and adopted the proposal on using some idle raised funds for cash management, agreeing that the company uses idle raised funds of no more than 245 million yuan for cash management, The use period of the quota is valid within 12 months from the date of deliberation and approval by the board of directors, and can be used on a rolling basis within the above use period and quota.
1、 Overview of cash management
(I) purpose of cash management
In order to improve the use efficiency of raised funds, under the condition of ensuring that the construction of raised funds and the use of raised funds are not affected, some idle raised funds are reasonably used for cash management, so as to obtain more returns for the company and shareholders. (II) source of funds
1. Source of funds
The fund source of the company's cash management this time is part of the idle raised funds of the company.
2. Basic information of raised funds
According to the reply on Approving the initial public offering of shares by Zhejiang lizhizhizao Co., Ltd. (zjxk [2021] No. 3338) issued by China Securities Regulatory Commission, Zhejiang lizhizhizao Co., Ltd. has actually issued 36.72 million ordinary shares at an issue price of 17.37 yuan per share, and the total amount of funds raised is 637826400 yuan. After deducting the issuance expenses of 7211518761 million yuan, The net amount of funds actually raised was 56571121239 yuan. Tianjian Certified Public Accountants (special general partnership) verified the availability of the above raised funds and issued the capital verification report (tianjianyan [2021] No. 621) on November 10, 2021. The company has opened a special account for the raised funds to store and manage the above raised funds.
(III) basic information of cash management products
The company purchased structured deposit products from China Merchants Bank Co.Ltd(600036) on April 14, 2022. The details are as follows:
Name of trustee China Merchants Bank Co.Ltd(600036)
Product type: Structured Deposit
Product name China Merchants Bank Co.Ltd(600036) dianjin series bullish three-tier range
91 day structured deposit
Amount (10000 yuan)
Estimated annual yield (%) 1.54% - 3.15%
Product life: 91 days
Income type breakeven floating income type
Structured arrangements none
Reference annualized rate of return 1.54% - 3.15%
Whether it constitutes a connected transaction no
(IV) the company's internal control over risks related to cash management
1. The company will establish and improve the approval and implementation procedures of cash management in accordance with the principle of separating decision-making, implementation and supervision functions, effectively carry out and standardize the purchase of cash management products, and ensure the safety of funds.
2. The company will strictly abide by the principle of prudence to screen investment objects, and mainly select products issued by issuers with good reputation, large scale and ability to ensure capital safety.
3. Relevant personnel of the company's finance department will timely analyze and track the investment direction of products and project progress. If risk factors that may affect the safety of the company's funds are found in the assessment, corresponding preservation measures will be taken in time to control risks.
4. The board of supervisors, independent directors and the audit committee of the board of directors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
5. The internal audit institution of the company is responsible for conducting a comprehensive inspection of the products, reasonably predicting the possible risks and benefits of various investments according to the principle of prudence, and regularly reporting to the audit committee of the board of directors of the company.
2、 Details of this cash management
(I) main terms of the contract
The specific contents of the China Merchants Bank Co.Ltd(600036) unit structured deposit agreement signed by the company and China Merchants Bank Co.Ltd(600036) on April 14, 2022 are as follows:
(1) Product Name: China Merchants Bank Co.Ltd(600036) dianjin series bullish three-tier range 91 day structured deposit
(2) Product Code: nhz01185
(3) Product income type: breakeven floating income type
(4) Subscription amount: 70 million yuan
(5) Expected annualized rate of return: 1.54% - 3.15%
(6) Product value date: April 15, 2022
(7) Product expiration date: July 15, 2022
(II) investment direction of cash management
The investment products purchased by using idle raised funds for cash management this time are deposit products and do not involve the investment direction of funds.
(III) description of cash management using some idle raised funds
The financial products purchased with the raised funds for cash management this time are principal guaranteed and minimum return type. The financial products meet the requirements of high safety and good liquidity. There is no situation that affects the construction of the raised funds and the use of the raised funds, and there is no situation that damages the interests of shareholders.
(IV) risk control analysis
In order to control risks, the issuer of investment products is financial institutions that can provide Principal Guaranteed commitments, and the varieties of investment products are principal guaranteed products with high safety and good liquidity.
3、 Entrusted cash management trustee
The trustee China Merchants Bank Co.Ltd(600036) of the company's entrusted cash management this time is a company listed on Shanghai Stock Exchange (securities code: China Merchants Bank Co.Ltd(600036) ), and there is no relationship with the company, its controlling shareholders, persons acting in concert and actual controllers.
4、 Impact on the company
Financial data of the company:
Unit: 10000 yuan
December 31, 2020 September 30, 2021
(audited) (Unaudited)
Total assets 984869110821577
Total liabilities 33439203637723
Net assets attributable to the owner of the parent company 65047717183855
Project 2020 January September 2021
Net cash flow from operating activities 1355400939366
The financial products purchased by the company this time are to use some idle raised funds for appropriate cash management under the condition of ensuring that the construction of raised funds and the use of raised funds are not affected, so as to improve the use efficiency of funds, obtain certain income and obtain more returns for the company and shareholders.
Moreover, the product type of this cash management is principal guaranteed and minimum income type, and the financial management period is short, which will not have a significant impact on the company's future main business, financial status, operating results and cash flow.
5、 Risk tips
The financial products purchased by the company this time are principal guaranteed and minimum return type, with high safety, good liquidity and principal guaranteed agreement. However, the financial market is greatly affected by macroeconomic, fiscal and monetary policies, so it is not excluded that the investment may be affected by market fluctuations.
6、 Implementation of decision-making procedures and opinions of the board of supervisors, independent directors and recommendation institutions
The 13th meeting of the first board of directors and the 10th meeting of the first board of supervisors deliberated and approved the proposal on using some idle raised funds for cash management, and agreed that the company would use idle raised funds up to RMB 245 million for cash management without affecting the progress and use of raised funds, the normal production and operation of the company and the safety of raised funds, The above quota is valid for 12 months from the date of deliberation and approval by the board of directors. Within the above quota and period, it can be recycled and used. The independent directors, the board of supervisors and the recommendation institution of the company have expressed clear consent to the proposal. For details, please refer to the website of Shanghai Stock Exchange on December 7, 2021（ http://www.sse.com.cn. ）And the company's designated information disclosure media
7、 As of the date of this announcement, the company and its wholly-owned subsidiaries have used the cash management of raised funds in the past 12 months
Unit: 10000 yuan
No. financial product type actual investment amount actual principal actually recovered actual income not yet recovered
Principal amount
1 structured deposit 3000 0 3000
2 structured deposits 5000 0 5000
3 structured deposits 700052.64 0
4 structured deposits 8000 0 8000
5 structured deposits 1500 0 1500
6 structured deposits 7000 0 7000
Total 31500700052.6424500
The maximum amount invested in a single day in the last 12 months is 8000
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 12.30
Cumulative income from cash management in the last 12 months / net profit of the last year (%) 0.44
Currently, the used financial limit is 24500
Unused financial limit 0
Total financial limit 24500
It is hereby announced!
Board of directors of Zhejiang Li Zhizhi Manufacturing Co., Ltd. April 15, 2022
