Securities code: Nacity Property Service Group Co.Ltd(603506) securities abbreviation: Nacity Property Service Group Co.Ltd(603506) Announcement No.: 2022016 Nacity Property Service Group Co.Ltd(603506)
Announcement on using idle self owned funds for cash management
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:
Financial investment trustee: banks, securities companies, funds, trusts and other financial institutions
Amount of this entrusted financial management: Nacity Property Service Group Co.Ltd(603506) (hereinafter referred to as "the company") intends to use some idle self owned funds of no more than RMB 80 million for cash management, which can be used circularly and continuously within this limit.
Name of entrusted financial products: financial investment products with low risk and good liquidity
Term of entrusted financial management: valid 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.
The use of idle self owned funds for cash management needs to be submitted to the general meeting of shareholders of the company for deliberation. 1、 Cash management with temporarily idle self owned funds
(I) purpose of cash management
Under the premise that it is not conducive to the safe investment and management of the main funds of the subsidiary, it is not conducive to the safe use of the idle funds of the subsidiary, so as to further improve the operating efficiency of the subsidiary and ensure the safe use of the idle funds of the subsidiary.
(II) source of funds
The funds for cash management this time come from idle self owned funds.
(III) types of cash management products
In order to control risks, we mainly choose financial products with low risk and good liquidity for investment.
(IV) cash management limit
The company plans to use idle self owned funds with a maximum amount of no more than RMB 80 million for cash management, which can be used on a rolling basis.
(V) cash management period
Valid 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.
(VI) cash management implementation unit
Cash management is carried out by Nacity Property Service Group Co.Ltd(603506) Group Service Co., Ltd. and its subsidiaries. The chairman of the company is authorized to exercise decision-making power and sign contracts and other documents within the specified limit and within the authorization period. The specific matters are organized and implemented by the financial management center of the company.
2、 Investment risk and risk control measures
(I) investment risk
Although the company plans to choose cash management products with low-risk investment varieties, there may still be market risks, liquidity risks, credit risks and other risks. The company will intervene timely and appropriately according to the economic situation and market changes, and the yield of financial products may fluctuate. Therefore, the actual return of short-term investment is unpredictable.
(II) risk control measures
In order to control investment risk, the company uses idle self owned funds to entrust financial products with low-risk and short-term financial products. The company conducts entrusted financial management, selects financial institutions with good credit status, good financial status and strong profitability as the trustee, and signs a written contract with the trustee to clarify the amount, period, investment variety, rights, obligations and legal liabilities of both parties.
The financial management center shall establish an investment product account, timely analyze and track the investment direction and progress of investment products, and take preservation measures in time to control investment risks once it is found that there are risk factors that may affect the safety of the company's funds.
The independent directors and the board of supervisors have the right to regularly or irregularly supervise and inspect the use of the company's funds, and can hire professional institutions to audit when necessary. The company will perform the obligation of information disclosure in accordance with relevant laws and regulations and the articles of association.
3、 Impact on the daily operation of the company
(I) the company's use of idle self owned funds for cash management is carried out under the premise of complying with national laws and regulations and ensuring that it does not affect the company's daily operation and capital safety, which will not affect the company's daily capital turnover needs and the normal development of the company's business.
(II) moderate financial management can improve the efficiency of the company's capital use, obtain certain investment income and seek more investment returns for the company's shareholders.
4、 Description of special opinions
(I) opinions of independent directors
On the premise of ensuring normal operation and capital safety, the company purchases financial products with idle self owned funds, which is conducive to improving the use efficiency of idle funds and obtaining certain investment income, will not affect the normal development of the company's main business and will not harm the interests of shareholders. The purchase of financial products with idle self owned funds has fulfilled the necessary approval procedures and complies with the provisions of relevant laws and regulations. Therefore, it is agreed that the company will use idle self owned funds for financial management, which is valid 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.
(II) opinions of the board of supervisors
On the premise of ensuring the working capital required for normal operation, the company uses idle self owned funds to entrust financial management, which is conducive to improving the efficiency of fund use and increasing the company's income, and will not have an adverse impact on the company's business activities, nor will it damage the interests of the company and all shareholders, especially the minority shareholders, and is in line with the interests of the company and all shareholders. The decision-making and deliberation procedures of this matter are legal and compliant. It is agreed that the company uses idle self owned funds to entrust financial management, which is valid 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. It is also requested to authorize the chairman of the company to exercise decision-making power and sign contracts and other documents within the authorization period. The specific matters shall be organized and implemented by the company's financial management center.
5、 Internet access and filing documents
(I) Nacity Property Service Group Co.Ltd(603506) resolution of the second meeting of the third board of directors
(II) Nacity Property Service Group Co.Ltd(603506) resolution of the second meeting of the third board of supervisors
(III) Nacity Property Service Group Co.Ltd(603506) independent directors' independent opinions on matters related to the second meeting of the third board of directors
It is hereby announced.
Nacity Property Service Group Co.Ltd(603506) board of directors April 16, 2022
