Securities code: Baoding Lucky Innovative Materials Co.Ltd(300446) securities abbreviation: ST Le Cai Announcement No.: 2022033 Baoding Lucky Innovative Materials Co.Ltd(300446)
Announcement on using idle self owned funds for cash 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.
Baoding Lucky Innovative Materials Co.Ltd(300446) (hereinafter referred to as "the company" or "the company") held the 14th meeting of the 4th board of directors on April 15, 2022. The meeting deliberated and adopted the proposal on using idle self owned funds for cash management, and agreed that the company and its subsidiaries use idle self owned funds of no more than 300 million yuan for cash management on the premise of ensuring daily operation and capital safety. The details are announced as follows:
1、 Specific plan of cash management
1. Investment purpose
In order to improve the efficiency of capital use, under the condition of ensuring the daily operation and capital safety of the company, it is proposed to use temporarily idle self owned funds with a maximum amount of no more than 300 million yuan to buy low-risk financial products, so as to increase the income of the company's cash assets.
2. Investment quota
Temporarily idle self owned funds with a maximum amount of no more than 300 million yuan to purchase low-risk financial products. Within the above amount, the funds can be used on a rolling basis.
3. Investment varieties
The company uses temporarily idle funds to invest in short-term low-risk financial products within 12 months. In order to control risks, the funds within the above limit can only be used to purchase short-term low-risk financial products within 12 months. 4. Investment period
Valid within 12 months from the date of deliberation and approval by the board of directors. The investment period of a single short-term financial product shall not exceed 12 months.
5. Source of funds
The company temporarily idle its own funds, which will not affect the normal capital demand of the company.
6. Decision making procedure
This proposal must be reviewed and approved by the board of directors, the board of supervisors and the general meeting of shareholders. The board of directors authorizes the chairman to exercise the investment decision-making power and sign relevant contract documents. The general manager is responsible for the specific purchase.
7. Information disclosure
Disclose the progress and implementation of cash management in periodic reports.
2、 Investment risk analysis and risk control measures
(I) investment risk
1. Although the financial products of short-term investment belong to the category of low-risk investment, the financial market is greatly affected by the macro-economy, so it is not ruled out that the investment is affected by market fluctuations;
2. The company will determine the investment amount and investment period according to the assets and business plan, but the investment varieties may have floating income, so the actual income of short-term investment is unpredictable.
(II) for investment risks, the company plans to take the following measures:
1. The company will strictly abide by the principle of prudent investment and choose low-risk investment varieties;
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 auditing and supervising the use and custody of funds of investment products, and conducting comprehensive inspection and verification of all investment products on a regular basis;
4. Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, 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's operation
1. Adhering to the principles of standardized operation, risk prevention, prudent investment, value preservation and appreciation, the company uses temporarily idle self owned funds to purchase short-term low-risk financial products on the premise of ensuring the daily operation and capital safety of the company, which will not affect the normal turnover needs of the company's daily capital and the normal development of the company's main business;
2. Appropriate investment in short-term low-risk financial products will help to improve the efficiency of the company's temporarily idle self owned funds, obtain certain capital returns, and bring more investment returns to the company and all shareholders.
4、 Opinions of the board of directors, the board of supervisors and independent directors
The 14th meeting of the 4th board of directors and the 11th meeting of the 4th board of supervisors considered and approved the proposal on using idle self owned funds for cash management, and agreed that the company and its subsidiaries use temporarily idle self owned funds with a maximum amount of no more than 300 million yuan for cash management. On the premise of ensuring daily operation and capital safety, the company uses temporarily idle self owned funds for cash management, which is conducive to improving the use efficiency and income of the company's funds, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. All independent directors expressed their independent opinions with explicit consent.
5、 Documents for future reference
1. Resolutions of the 14th meeting of the 4th board of directors;
2. Resolutions of the 11th meeting of the 4th board of supervisors;
3. Independent opinions of independent directors on relevant matters of the company.
It is hereby announced.
Baoding Lucky Innovative Materials Co.Ltd(300446) board of directors
April 19, 2022
