Securities code: Keeson Technology Corporation Limited(603610) securities abbreviation: Keeson Technology Corporation Limited(603610) Announcement No.: 2022011 Keeson Technology Corporation Limited(603610)
Announcement on the amount of cash management using idle self owned funds in 2022
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 financial trustee: banks and other financial institutions.
● amount of entrusted financial management: the company shall not use more than RMB 300 million without affecting the normal operation of the company.
● type of entrusted financial products: short-term bank non principal guaranteed income financial products or principal guaranteed financial products issued by banks, securities companies and other financial institutions.
● term of entrusted financial management: the service life is 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
● review procedures to be performed: Keeson Technology Corporation Limited(603610) (hereinafter referred to as “the company”) held the 23rd Meeting of the second board of directors and the 13th meeting of the second board of supervisors on April 15, 2022, and considered and adopted the proposal on the cash management quota of the company and its subsidiaries in 2022 by using idle self owned funds. The matter still needs to be submitted to the 2021 annual general meeting of shareholders for deliberation.
1、 Overview of entrusted financial management
(I) purpose of entrusted financial management
In order to improve the use efficiency of funds, the company and its subsidiaries reasonably use idle self owned funds for cash management and increase the income of the company’s cash assets on the premise of ensuring the funds required for the company’s daily operation and the safety of funds.
(II) source of funds
The company’s funds used for cash management are idle self owned funds of the company.
(III) investment varieties
Short term bank non breakeven income financial products or breakeven issued by banks, securities companies and other financial institutions
Financial products.
(IV) the company’s internal control over risks related to entrusted financial management
1. The management and financial principal of the company shall timely understand and analyze the normal capital flow demand of the company
And track the necessity and feasibility of financial product investment.
2. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of the above funds, if necessary
Professional institutions can be hired to conduct audit.
3. During the duration of the purchased financial products, the company will maintain close contact with the entrusted financial trustee,
Track the operation of financial funds, strengthen risk control and supervision, and find out the risk that may affect the safety of funds
In case of risk factors, corresponding preservation measures will be taken in time to control safety risks.
4. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shanghai Stock Exchange.
2、 Information of entrusted financial management trustee
(I) basic information of the trustee
Whether the major shareholders and actual controllers of the registered capital are the main business of the legal representative at the time of establishment of the name
(RMB 10000) system person transaction
Major shareholder of corporate banking: Air China
Bank Of Communications Co.Ltd(601328) shares 7426272664500 business, retail yinkong industry first group company
On March 30, 1987, the company was appointed as the business and Asset Management Department of deqi bank
There is no controlling shareholder or
Actual controller
Major shareholder: Australia United
Bank Of Hangzhou Co.Ltd(600926) shares 593020043200 state bank, Hangzhou Finance
Ltd. September 25, 1996 Chen Zhenshan banking business political situation no
There is no controlling shareholder or
Actual controller
(II) recent major financial indicators of the trustee
Unit: RMB million
Bank Of Communications Co.Ltd(601328) December 31, 2021 / year 2021 December 31, 2020 / year 2020
Total assets 1166575710697616
Total liabilities 10 Verisilicon Microelectronics (Shanghai) Co.Ltd(688521) 9818988
Operating income 269390246200
Net profit 8758179570
Unit: RMB thousand
Bank Of Hangzhou Co.Ltd(600926) September 30, 2021 / January September 2021 December 31, 2020 / year 2020
Total assets 13 Zhongji Innolight Co.Ltd(300308) 981169257248
Total liabilities 12421891491088394693
Operating income 2237671624805677
Net profit 70359187136450
(III) Bank Of Communications Co.Ltd(601328) , Bank Of Hangzhou Co.Ltd(600926) and the company and holding shares
There is no correlation between the East and the actual controller.
(IV) due diligence of the board of directors
The board of directors of the company has reviewed the basic information, credit status and transaction performance ability of the trustee
Necessary due diligence.
3、 Impact on the company
As of December 31, 2021, the company has no large liability ratio of 79.79%
Purchase of large financial products at the same time. The main financial information of the company in recent years is as follows:
Unit: RMB
December 31, 2021 / 2021 December 31, 2020 / 2020
Total assets 450954160153361237121380
Total liabilities 12983261619465210974225
Net assets 321121543959296026147155
Net cash flow from operating activities 148554898715292016191
1. Although breakeven financial products belong to low-risk investment varieties, the financial market is greatly affected by the macro-economy, and it is not ruled out that the 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 return of investment is unpredictable.
5、 Implementation of decisions and opinions of independent directors and board of supervisors
(I) implementation of decision-making procedures
Keeson Technology Corporation Limited(603610) (hereinafter referred to as “the company”) held the 23rd Meeting of the second board of directors and the 13th meeting of the second board of supervisors on April 15, 2022, deliberated and adopted the proposal on the cash management limit of the company and its subsidiaries in 2022 using idle self owned funds. The matter still needs to be submitted to the 2021 annual general meeting of shareholders for deliberation.
(II) opinions of independent directors
The independent directors believe that the source of funds for entrusted financial management is the idle self owned funds of the company. On the premise of complying with national laws and regulations and ensuring the safety of investment funds, the entrusted financial management business is conducive to improving the efficiency of capital use, obtaining certain investment income, and does not affect the normal needs of the company’s daily capital turnover and the normal development of the company’s main business. Entrusted wealth management business is in line with the interests of the company and all shareholders, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders; It is agreed that the company will use some idle self owned funds for entrusted financial management business. (III) opinions of the board of supervisors
The supervisor believes that the amount of idle self owned funds for cash management is 300 million yuan. Investing in financial products with high safety and good liquidity is conducive to improving the management income of cash, obtaining certain investment benefits, further improving the overall performance level of the company and seeking more investment returns for the shareholders of the company. The approval procedures for the amount of idle self owned funds for cash management this time comply with the provisions of relevant laws, regulations and normative documents, and there is no damage to the interests of the company and all shareholders. Therefore, the board of supervisors agreed that the company and its subsidiaries use idle self owned funds of no more than 600 million yuan for cash management.
6、 As of the date of this announcement, the company has used idle self owned funds for entrusted financial management in the past 12 months
condition
Unit: RMB 10000
Unrecovered serial number financial product type actual investment amount actual principal actual income
Principal amount
1 Principal Guaranteed structured deposit 12850001285000 159.03 0.00
Total 12850001285000 159.03 0.00
The maximum daily investment amount in the last 12 months is 1000000
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 3.11%
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%)
