Securities code: Welle Environmental Group Co.Ltd(300190) securities abbreviation: Welle Environmental Group Co.Ltd(300190) Announcement No.: 2022017 bond Code: 123049 bond abbreviation: convertible bond
Welle Environmental Group Co.Ltd(300190)
Announcement on using idle self owned funds to purchase financial products
The board of directors and 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.
In order to improve the use efficiency of temporarily idle self owned funds, Welle Environmental Group Co.Ltd(300190) (hereinafter referred to as "the company") held the 23rd Meeting of the 4th board of directors on April 14, 2022, deliberated and adopted the proposal on using idle self owned funds to purchase financial products, and agreed that the company would use temporarily idle self owned funds of no more than 250 million yuan to purchase financial products with high safety without affecting the normal production and operation of the company For the principal guaranteed financial products with good liquidity, the amount of financial products purchased can be used on a rolling basis within 12 months from the date of deliberation and approval by the board of directors. Meanwhile, the chairman of the company is authorized to sign relevant contract documents within the above limit, and the financial director of the company is responsible for organizing the specific implementation of relevant matters.
1、 Specific conditions of using idle self owned funds to purchase principal guaranteed financial products
1. Investment purpose: in order to improve the use efficiency of self owned funds, make rational use of idle self owned funds to increase the company's income, and use idle self owned funds to purchase financial products without affecting the company's normal operation and ensuring the safety of funds.
2. Investment quota: idle self owned funds with a total amount of no more than 250 million yuan. Within the above limit, the funds can be used on a rolling basis, and the total amount of principal guaranteed financial products purchased by the company with idle self owned funds at any time point shall not exceed the above limit.
3. Investment type: the company will strictly control risks in accordance with relevant regulations and choose low-risk financial products with high safety, good liquidity and investment period of no more than 12 months, including fixed income or breakeven floating financial products issued by banks and other financial institutions.
4. Term of validity: within 12 months after the date of approval by the board of directors.
5. Implementation method: investment products must be purchased in the name of the company, and the board of directors authorizes the chairman of the company to sign relevant documents within the specified amount.
6. Description of association relationship: there is no association relationship between the company and the issuer of financial products.
7. Information disclosure: the company will timely fulfill the obligation of information disclosure in accordance with the relevant requirements of Shenzhen Stock Exchange gem stock listing rules, Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 - standardized operation of GEM listed companies, etc.
2、 Investment risk and risk control measures
1. Investment risk
Although the fixed income or breakeven floating financial products issued by financial institutions belong to low-risk investment varieties, the financial market is greatly affected by the macro economy. The company will intervene appropriately according to the economic situation and changes in the financial market, but it does not rule out the impact of market fluctuations on the above projects.
2. Risk control measures
(1) When the company conducts cash management of its own funds, it will choose the opportunity to buy investment products with good liquidity and high security, provide breakeven commitment and investment period of no more than 12 months, and clarify the amount, period, investment varieties, rights, obligations and legal liabilities of both parties.
(2) Relevant personnel of the Finance Department of the company will analyze and track the progress in time. If risk factors that may affect the safety of the company's funds are found in the assessment, corresponding measures will be taken in time to control the investment risk.
(3) The internal audit department of the company is responsible for internal supervision and regularly conduct comprehensive inspection on the invested financial products. (4) The independent directors and supervisors of the company have the right to conduct regular or irregular inspection on the situation of their investment products, and can hire professional institutions to audit when necessary.
(5) The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the company
Under the condition of ensuring that it will not affect the normal implementation of the company's projects and the company's normal operation, the company plans to use some idle self owned funds to purchase principal guaranteed financial products with high safety and good liquidity, which will not affect the development of the company's daily business, and will help to improve the efficiency of the use of self owned funds, obtain good investment return, increase the company's cash asset income, further improve the overall performance level of the company and protect the interests of shareholders.
4、 Decision making procedures for the implementation of this matter and opinions of relevant institutions
1. Deliberations of the board of directors
The 23rd Meeting of the 4th board of directors of the company deliberated and approved the proposal on using idle self owned funds to purchase financial products, and agreed that the company should use idle self owned funds with a maximum amount of no more than RMB 250 million to purchase principal guaranteed financial products with high safety and good liquidity.
2. Opinions of the board of supervisors
The 15th meeting of the 4th board of supervisors of the company deliberated and approved the proposal on using idle self owned funds to purchase financial products. The board of supervisors held that the company's use of idle self owned funds to purchase principal guaranteed financial products with high safety and good liquidity will not affect the development of the company's daily business, improve the use efficiency of idle self owned funds and obtain certain investment income, Therefore, the company agrees to use idle self owned funds to purchase financial products. 3. Opinions of independent directors
The independent directors believe that the decision-making procedure of using idle self owned funds to purchase principal guaranteed financial products with high safety and good liquidity complies with relevant regulations, has fulfilled the specified procedures, and complies with the relevant laws, regulations and normative documents such as the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of GEM listed companies, etc, On the basis of ensuring the normal operation and capital safety of the company, the company uses some idle self owned funds to invest in principal guaranteed financial products with high safety and liquidity, which is conducive to improving the efficiency of capital use and increasing the investment income of the company, which is in line with the interests of the company and all shareholders. Therefore, I agree to the above matters.
4. Opinions of the sponsor
The sponsor's opinions are as follows: Welle Environmental Group Co.Ltd(300190) the purchase of financial products with idle own funds of no more than RMB 250 million has been deliberated and adopted at the 23rd Meeting of the Fourth Board of directors and the 15th meeting of the Fourth Board of supervisors, and Welle Environmental Group Co.Ltd(300190) all independent directors have expressed their explicit consent. This matter complies with relevant laws and regulations such as the Shenzhen Stock Exchange GEM Listing Rules, Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 - standardized operation of GEM listed companies and the relevant provisions of the articles of association, which is conducive to improving the efficiency of capital use, increasing the company's investment income and in line with the interests of the company and all shareholders. 5、 Documents for future reference
1. The 23rd Meeting of the 4th board of directors;
2. The 15th meeting of the 4th board of supervisors;
3. Independent opinions of independent directors;
4. Relevant verification opinions of the recommendation institution.
It is hereby announced.
Welle Environmental Group Co.Ltd(300190) board of directors April 15, 2022
