Securities code: Shanghai Rightongene Biotechnology Co.Ltd(688217) securities abbreviation: Shanghai Rightongene Biotechnology Co.Ltd(688217) Announcement No.: 2022025 Shanghai Rightongene Biotechnology Co.Ltd(688217)
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Shanghai Rightongene Biotechnology Co.Ltd(688217) (hereinafter referred to as "the company") held the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors on April 18, 2022, deliberated and adopted the proposal on cash management with idle self owned funds respectively, and agreed that the company, on the premise of ensuring that it does not affect the normal capital turnover and capital safety of the company and its subsidiaries, Use idle self owned funds of up to 200 million yuan (including this amount) for cash management to purchase investment products with high security and good liquidity (including but not limited to principal guaranteed financial products, structured deposits, time deposits, large certificates of deposit, call deposits, agreed deposits, etc.), and the service life is valid within 12 months from the date of deliberation and approval by the board of directors. Within the above-mentioned limit and term, the funds can be used in a circular and rolling manner. The board of directors of the company authorizes the chairman of the company to exercise investment decision-making power and sign relevant documents according to the actual situation within the above limit, and the specific matters shall be organized and implemented by the Finance Department of the company. The company's independent directors and the board of supervisors expressed clear consent.
1、 Basic information of cash management using part of its own funds this time
(I) investment purpose
The purpose of using idle self owned funds for cash management this time is to ensure that it does not affect the daily operation capital demand and capital safety of the company and its subsidiaries. The company plans to use idle self owned funds for cash management, which is conducive to improving the company's capital use efficiency, increasing the income of cash assets and obtaining more returns for the company and shareholders.
(II) types of investment products
On the premise of ensuring liquidity and capital security, the company plans to use idle self owned funds with a total amount of no more than 200 million yuan (including principal) for cash management to purchase investment products with high security and good liquidity (including but not limited to principal guaranteed financial products, structured deposits, time deposits, large certificates of deposit, call deposits, agreed deposits, etc.). Such cash management products shall not be used for pledge or investment for the purpose of securities investment.
(III) investment amount and term
The company plans to use idle self owned funds with a total amount of no more than 200 million yuan (including this amount) for cash management, and the service life is effective within 12 months from the date of deliberation and approval by the board of directors of the company. Within the above-mentioned limit and term, the funds can be used in a circular and rolling manner.
(IV) information disclosure
The company will timely perform the obligation of information disclosure in accordance with the company law of the people's Republic of China, the securities law of the people's Republic of China, the Listing Rules of Shanghai Stock Exchange on the science and innovation board and other relevant laws, regulations and normative documents.
(V) implementation mode
The board of directors of the company authorizes the chairman of the company to exercise investment decision-making power and sign relevant documents according to the actual situation within the above limit, and the specific matters shall be organized and implemented by the Finance Department of the company.
2、 Impact on the daily operation of the company
The company plans to use some idle self owned funds for cash management this time, which is carried out under the premise of complying with national laws and regulations and ensuring that it does not affect the daily operation and risk control of the company, and will not affect the normal capital turnover of the company and its subsidiaries, nor the normal development of the company's main business. At the same time, timely cash management of idle self owned funds is conducive to improving the efficiency of the use of funds, increasing the income of cash assets and obtaining more returns for the company and shareholders.
3、 Investment risk analysis and risk control measures
(I) investment risk
Although the company chooses investment varieties with high safety and good liquidity for cash management products, the financial market will be affected by the macro-economy. The company will intervene in a timely and appropriate manner according to the economic situation and changes in the financial market, but it does not rule out that the investment is affected by market fluctuations and there are certain systemic risks. (II) risk control measures
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, so as to ensure the effective development and standardized operation of cash management and ensure the safety of funds.
2. Relevant personnel of the Finance Department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If adverse factors are found or judged in the evaluation, corresponding measures will be taken in time to strictly control the investment risk.
3. The company will handle relevant cash management business in strict accordance with relevant laws and regulations such as the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and the articles of association.
4. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of financial management funds, and can hire professional institutions to audit when necessary.
4、 Review procedures performed by the company
On April 18, 2022, the company held the fourth meeting of the second board of directors and the fourth meeting of the second board of supervisors, deliberated and adopted the proposal on using idle self owned funds for cash management respectively, and agreed that the company would use temporarily idle self owned funds up to 200 million yuan (including this amount) for cash management under the condition of ensuring that the normal operation of the company and its subsidiaries would not be affected, The purchase of investment products with high security and good liquidity (including but not limited to principal guaranteed financial products, structured deposits, time deposits, large certificates of deposit, call deposits, agreed deposits, etc.) is valid within 12 months from the date of deliberation and approval by the board of directors. Within the above limit and term, the funds can be used circularly and continuously. The company's independent directors and the board of supervisors expressed clear consent.
5、 Description of special opinions
(I) opinions of independent directors
Independent directors believe that the capital source of the company's proposed cash management is the company's idle self owned funds. On the premise of not affecting the company's daily operation capital demand and the normal development of the company's main business, cash management is conducive to improving the efficiency of capital use, obtaining a certain investment income and obtaining more returns for the company and shareholders. Using idle self owned funds for cash management 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. To sum up, we agree that the company uses idle self owned funds of no more than RMB 200 million (including this amount) for cash management.
(II) opinions of the board of supervisors
The board of supervisors believes that the capital source of the company's cash management this time is the company's idle self owned funds. On the premise of complying with national laws and regulations and ensuring investment safety, the use of idle self owned funds for cash management will not affect the development of the company's normal operation and capital safety, help to improve the company's capital use efficiency and further improve capital income, and will not damage the company and all shareholders, Especially the interests of minority shareholders. The company is approved to use idle self owned funds for cash management.
It is hereby announced.
Shanghai Rightongene Biotechnology Co.Ltd(688217) board of directors
April 20, 2022
