Securities code: Juneyao Grand Healthy Drinks Co.Ltd(605388) securities abbreviation: Juneyao Grand Healthy Drinks Co.Ltd(605388) Announcement No.: 2022023 Juneyao Grand Healthy Drinks Co.Ltd(605388)
Announcement on using some idle self owned funds for investment and financial 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:
● investment and wealth management trustee: financial institutions (including but not limited to banks, securities companies, fund companies, trust companies, etc.)
● investment and financial management amount: Juneyao Grand Healthy Drinks Co.Ltd(605388) (hereinafter referred to as “the company”) and its holding subsidiaries use no more than 500 million yuan of idle self owned funds for investment and financial management.
● types of investment and financial products: financial products, trust products, funds, bonds and other products of banks and financial institutions.
● investment and financial management period: valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company, and rolling investment within the service life and limit. After this authorization takes effect, it will overwrite the previous authorization to use idle self owned funds for cash management.
● review procedures to be performed: on April 19, 2022, the company held the 17th meeting of the 4th board of directors and the 15th meeting of the 3rd board of supervisors, deliberated and adopted the proposal on using some idle self owned funds for investment and wealth management, and agreed that the company and its holding subsidiaries, on the premise of ensuring the capital safety and normal production and operation of the company and its holding subsidiaries, The use of idle self owned funds of no more than RMB 500 million for investment and financial management, the independent directors have expressed their independent opinions with explicit consent, and the matter needs to be submitted to the general meeting of shareholders for deliberation. 1、 Overview of investment and financial management
(I) purpose of investment and financial management
On the premise of ensuring normal operation and capital safety, improve the utilization rate of idle self owned funds of the company and its holding subsidiaries, save financial expenses and increase the income of the company and its holding subsidiaries.
(II) source of funds
Source of funds: self owned funds temporarily idle by the company and its holding subsidiaries.
2、 Basic information of using some idle self owned funds for investment and financial management this time
(I) types of investment products
The company and its holding subsidiaries will strictly control risks and strictly evaluate investment products in accordance with relevant regulations. The investment varieties of idle self owned funds are financial products, trust products, funds, bonds and other products of banks and financial institutions.
(II) investment and financial management quota
The company and its holding subsidiaries intend to use idle self owned funds of no more than RMB 500 million for investment and wealth management. The company and its holding subsidiaries can use them in a rolling manner within the service life and limit.
(III) term of validity
No more than 12 months from the date of approval of the annual general meeting of shareholders in 2021. After this authorization takes effect, it will overwrite the previous authorization to use idle self owned funds for cash management.
(IV) implementation mode
The board of directors of the company requests the general meeting of shareholders to authorize the chairman to exercise the investment decision-making power within the above scope and sign relevant contract documents, which shall be organized and implemented by the person in charge of finance.
(V) description of association relationship
The company and its holding subsidiaries shall not be associated with commercial banks and other financial institutions that issue cash management products.
3、 Investment risk and risk control measures
Although the investment products selected by the company and its holding subsidiaries when investing and financing some idle self owned funds belong to low-risk financial products, the financial market is greatly affected by macroeconomic, fiscal and monetary policies. It is not ruled out that the investment may be affected by market fluctuations, resulting in its actual income failing to reach the expected level. For investment risks, the proposed measures are as follows:
1. When using idle self owned funds for investment and financial management, the company’s management needs to assess the investment risk in advance and track the situation of idle self owned funds for investment and financial management. If risk factors that may affect the safety of funds are found, corresponding preservation measures will be taken in time to control the safety risk.
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, and can hire professional institutions to audit when necessary.
3. The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shanghai Stock Exchange.
4、 Impact on the company
Main financial indicators of the company in the latest year and another period:
Unit: 10000 yuan
Project December 31, 2021 September 30, 2021 (audited) (Unaudited)
Total assets 2296495421522905
Total liabilities 34966302081715
Net assets attributable to shareholders of listed companies 1939160219361860
Net cash flow from operating activities 1798783572147
As of December 31, 2021, the monetary capital of the company was 1077382400 yuan. The authorized amount of investment and wealth management of the company and its holding subsidiaries accounted for 46.41% of the monetary capital of the company at the end of the latest period, which will not have a significant impact on the future main business, financial status, operating results and cash flow of the company and its holding subsidiaries.
The company and its holding subsidiaries use some temporarily idle self owned funds for investment and financial management on the premise of ensuring the daily operation and capital safety of the company and its holding subsidiaries, which will not affect the normal capital turnover needs of the company and its holding subsidiaries. By investing and managing the temporarily idle self owned funds, the company and its holding subsidiaries can improve the use efficiency of funds, obtain certain investment benefits and seek more investment returns for the company’s shareholders. The company and its holding subsidiaries do not purchase large financial products while bearing large liabilities.
The company implements the new financial instrument standards. The principal and fair value changes of bank financial products are listed in the balance sheet item “trading financial assets”, the income generated during the holding of trading financial assets is listed in the income statement item “income from changes in fair value”, and the income obtained from the disposal of trading financial assets is listed in the income statement item “investment income”, which is subject to the annual audit results.
5、 Risk tips
Although the company and its holding subsidiaries choose low-risk investment varieties, the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by market risk, fluctuation risk, liquidity risk and other investment risks, and the actual income of the investment is unpredictable.
6、 Review procedures and special comments on Implementation
On April 19, 2022, the company held the 17th meeting of the 4th board of directors and the 15th meeting of the 3rd board of supervisors, deliberated and approved the proposal on using some idle self owned funds for investment and financial management, and agreed that the company and its holding subsidiaries use idle self owned funds of no more than 500 million yuan for investment and financial management on the premise of ensuring the safety of the company’s funds and normal production and operation, The authorization period shall be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company, and shall be invested in a rolling manner within the use period and limit. After the authorization limit becomes effective, it will cover the previous authorization to use idle self owned funds for cash management. The independent directors have expressed their independent opinions with explicit consent, and the matter needs to be submitted to the general meeting of shareholders for deliberation.
(I) opinions of independent directors
Independent directors believe that: the company and its holding subsidiaries are in good operation and stable financial condition. Using some idle self owned funds for investment and financial management is conducive to improving the use efficiency of idle self owned funds and obtaining certain investment income; The relevant decision-making procedures comply with the company law, the Listing Rules of Shanghai Stock Exchange and other relevant laws and regulations and the articles of association, and will not affect the main business development of the company and its holding subsidiaries, and will not damage the interests of the company, its holding subsidiaries and all shareholders, especially small and medium-sized shareholders. Therefore, it is agreed that the company and its holding subsidiaries use idle self owned funds of no more than RMB 500 million for investment and financial management, and agree to submit the proposal on this matter to the general meeting of shareholders of the company for deliberation.
(II) opinions of the board of supervisors
The board of supervisors believes that the use of some idle self owned funds by the company and its holding subsidiaries for investment and financial management is conducive to the company and its holding subsidiaries to make full use of the temporarily idle self owned funds and further improve the efficiency of fund use. The company and its holding subsidiaries have established a relatively sound internal control system. On the premise of ensuring the daily operation and capital safety, the use of temporarily idle self owned funds for investment and wealth management will not affect the normal capital turnover needs of the company and its holding subsidiaries, the normal development of the main business of the company and its holding subsidiaries, and there will be no damage to the interests of the company, its holding subsidiaries and all shareholders, especially small and medium-sized shareholders, Relevant approval procedures comply with laws and regulations and the articles of association.
7、 As of the date of this announcement, the company has used its own funds to invest in financial management in the past 12 months
Amount: 10000 yuan
No. financial product type actual investment amount actual principal recovered actual income outstanding principal amount
1. Securities investment fund 2 China Vanke Co.Ltd(000002) 00000 11.60-
2. Securities investment fund 200000 — 200000
Total 4 China Vanke Co.Ltd(000002) 00000 11.60200000
The maximum daily investment amount in the last 12 months is 200000
Maximum daily investment amount in the last 12 months / net assets of the last year (%) 1.03
Cumulative income from entrusted financial management in the last 12 months / net profit of the last year (%) 0.08
Currently, the used financial management limit is 200000 yuan
Unused financial limit 1800000
Total financial limit: 2000000
Note: the above statistics show that the company has used its own funds for non affiliated investment and financial management in the last 12 months.
It is hereby announced.
Juneyao Grand Healthy Drinks Co.Ltd(605388) board of directors April 20, 2022
