Securities code: Dongguan Aohai Technology Co.Ltd(002993) securities abbreviation: Dongguan Aohai Technology Co.Ltd(002993) Announcement No.: 2022031 Dongguan Aohai Technology Co.Ltd(002993)
Announcement on the opening of the business pool
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.
Dongguan Aohai Technology Co.Ltd(002993) (hereinafter referred to as “the company”) deliberated and adopted the proposal on developing cash pool business at the 13th meeting of the second board of directors and the 12th meeting of the second board of supervisors held on April 19, 2022. The details are as follows:
1、 Cash pool business
1. Business Overview
Cross border two-way RMB cash pool business refers to the cross-border RMB fund balance and shortage adjustment and collection business between domestic and foreign non-financial member enterprises according to the needs of multinational enterprise groups’ own operation and management. In order to meet the operation and management needs of the company (including consolidated statement subsidiaries), realize the balance and shortage adjustment and centralized management of cross-border RMB funds within the group, and improve the use efficiency of internal funds, the company (including consolidated statement subsidiaries) plans to carry out cross-border two-way RMB cash pool business with a net inflow of cross-border RMB funds of no more than RMB 1.2 billion. The specific amount of each transaction shall be determined according to the business needs of the company (including consolidated statement subsidiaries) and the principle of maximizing interests. The above matters do not involve related party transactions and do not constitute a major asset reorganization. The matter still needs to be submitted to the general meeting of shareholders of the company for deliberation.
2. Cooperative organization
The cooperative banking financial institutions to be opened to show Jinchi business this time shall be selected by the chairman of the company or his authorized person authorized by the board of directors according to the actual business needs of the company, the service capacity of banking financial institutions, comprehensive capital cost and other comprehensive factors.
3. Companies participating in cash pool business this time
The companies participating in the cash pool business this time include Dongguan Aohai Technology Co.Ltd(002993) and consolidated statement subsidiaries.
2、 Authorization of relevant matters
The board of directors of the company authorizes the chairman of the board of directors or his authorized person to sign contracts and agreements related to cash pool business, apply to the bank for adjusting the list of subsidiaries, apply to the bank for adjusting the amount of cash pool and sign supplementary agreements on matters not covered within the scope of approval authority.
3、 Purpose of this event and its impact on the company
By carrying out this business, the company (including consolidated statement subsidiaries) will further realize the unified management, allocation and monitoring of funds between domestic and foreign entities, effectively reduce the use cost of funds, improve the use efficiency of funds, facilitate the company’s overseas business expansion and promote the company’s overseas layout strategy. This transaction does not damage the interests of the company or shareholders, especially minority shareholders, and will not have an adverse impact on the company’s future financial status and operating results.
4、 Opinions of independent directors
On the premise of ensuring the safety of funds, the company has opened a gold pool business with banking financial institutions, which is conducive to the centralized management and control of funds and improve the efficiency of fund use. There is no situation that damages the interests of the company and all shareholders, especially minority shareholders. Comply with relevant laws, regulations and the articles of association, which is conducive to the sustainable, stable and healthy development of the company.
Therefore, we agree to the proposal on opening Jinchi business and agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
5、 Opinions of the board of supervisors
The 12th meeting of the second board of supervisors of the company deliberated and adopted the proposal on developing cash pool business. The board of supervisors believes that the cash pool business to be carried out by the company will not affect the normal operation of the company, is conducive to the normal capital turnover and needs of the company (including consolidated statement subsidiaries), does not affect the normal development of the company’s main business, and does not damage the interests of the company’s shareholders and minority shareholders. The board of supervisors agrees to the proposal on carrying out cash pool business.
6、 Document for future reference 1. Resolution of the 13th meeting of Dongguan Aohai Technology Co.Ltd(002993) the second board of directors; 2. Resolution of the 12th meeting of Dongguan Aohai Technology Co.Ltd(002993) the second board of supervisors; 3. Independent directors’ independent opinions on matters related to the 13th meeting of the second board of directors. It is hereby announced.
Dongguan Aohai Technology Co.Ltd(002993) board of directors April 20, 2022
