Securities code: Fujian Sunner Development Co.Ltd(002299) securities abbreviation: Fujian Sunner Development Co.Ltd(002299) Announcement No.: 2022023 Fujian Sunner Development Co.Ltd(002299)
Announcement on using idle self owned funds for entrusted financial 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.
Important content tips:
1. Entrusted financial trustee: commercial banks, securities companies, trust companies and other financial institutions;
2. Amount of this entrusted financial management: the balance at any time point shall not exceed 300 million yuan;
3. Special risk tips: the entrusted financial products selected by the company belong to the category of low-risk investment, but the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by market fluctuations and other force majeure. Please pay attention to investment risks.
Fujian Sunner Development Co.Ltd(002299) (hereinafter referred to as “the company”) held the 7th Meeting of the 6th board of directors on April 20, 2022, deliberated and adopted the proposal on using idle self owned funds for entrusted financial management. It is agreed that the company and its subsidiaries can purchase low-risk financial products with a balance of no more than 300 million yuan at any time and can be recycled within the limit on the premise of ensuring capital liquidity and safety.
The above matters need to be submitted to the general meeting of shareholders of the company for deliberation. The company has no related relationship with the trustee, and this matter does not constitute a related party transaction.
1、 Details of using idle self owned funds to purchase financial products
1. Purpose of entrusted financial management: according to the company’s development strategy, under the premise of ensuring the capital needs of daily production and operation and investment and construction projects, without affecting normal operation and effectively controlling investment risks, entrust the stock idle funds within a certain period of time to professional asset management institutions, select appropriate financial management varieties according to the requirements of the company’s asset preservation and appreciation, and operate and manage assets on behalf of the company, Make rational use of its own funds, fully improve the use efficiency and return rate of funds, and maximize the income of the company and shareholders.
2. Investment quota and term: the company plans to use idle self owned funds for entrusted financial management, and the balance at any time point shall not exceed 300 million yuan, which can be recycled within this quota. The specific validity period is from the date of deliberation and approval of the general meeting of shareholders to the date of holding the general meeting of shareholders of the next year.
3. Counterparty: the company will choose qualified professional financial institutions with good credit and financial conditions, no bad credit records, no relationship with the company and strong profitability as the trustee, including commercial banks, securities companies, trust companies and other financial institutions.
4. Investment products and targets: entrusted wealth management funds are used to invest in financial instruments with high credit level, low risk and good liquidity in the Chinese market, including but not limited to low-risk, short-term (no more than 12 months) investment wealth management products or fixed income investment wealth management products issued by commercial banks, securities companies, insurance companies, trust companies and other financial institutions, as well as low-risk cash management products.
5. Investor: the company and its subsidiaries.
6. Source of funds: idle self owned funds of the company and its subsidiaries on the premise of ensuring the daily operation and capital safety of the company.
7. Implementation mode:
① It is proposed to authorize the chairman of the company to choose the appropriate time and type of financial products within the above limit, and sign relevant legal documents (including but not limited to financial product purchase agreement, risk commitment, etc.), and the authorized person shall be responsible for the compliance of this matter during the authorization period;
② Investment products must be purchased in the name of the company or a wholly-owned subsidiary.
In 2021, the company used its own funds of 7163073300 yuan to purchase bank financial products. As of December 31, 2021, the non redeemed funds used to purchase bank financial products were 18.038 million yuan.
2、 Review procedure
On April 20, 2022, the company held the seventh meeting of the sixth board of directors and the sixth meeting of the sixth board of supervisors respectively, deliberated and adopted the proposal on entrusted financial management with its own funds, and agreed to the entrusted financial management. The proposal shall be submitted to the general meeting of shareholders of the company for deliberation.
3、 Risks and control measures
1. Strictly select investment objects and select products issued by companies with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability.
2. The company will track and analyze the net value change of the product in real time. If it is found that there may be risk factors for the safety of the company’s funds, the company will take corresponding measures in time to control the investment risk.
3. The company will make decisions, manage, inspect and supervise the investment of low-risk financial products in strict accordance with the requirements of the Shenzhen Stock Exchange Stock Listing Rules (revised in 2022), Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 1 – standardized operation of listed companies on the main board and the articles of association, so as to effectively prevent investment risks and ensure capital safety, And regularly report the investment to the board of directors. The company will timely disclose the progress of purchasing financial products in accordance with relevant regulations.
3、 Impact of investment on the company
1. The investment object of the company using idle self owned funds for entrusted financial management belongs to low-risk investment, but the financial market is greatly affected by macroeconomic, fiscal and monetary policies. It is not excluded that the investment is affected by market fluctuations. The company will intervene in a timely and appropriate amount according to the economic situation and changes in the financial market, and the actual investment income is uncertain.
2. The company uses idle self owned funds to invest in financial products with high safety, good liquidity and controllable risk. It is implemented on the premise of ensuring that it does not affect the normal production and operation, and will not affect the needs of working capital for the normal operation of the company. Through appropriate and timely low-risk financial management, the use efficiency of idle self owned funds of the company can be improved and a certain investment income can be obtained.
4、 Opinions of independent directors
The approval procedures of the company’s proposal on using idle self owned funds for entrusted financial management comply with relevant laws and regulations and the relevant provisions of the articles of association. Under the company’s perfect internal control system, using its own idle funds to purchase low-risk financial products can effectively control financial risks, ensure the safety of funds, improve the efficiency of the company’s use of funds and increase investment income, which is in line with the interests of the company and does not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. Therefore, we agree to the company’s use of idle self owned funds to purchase financial products this time.
5、 Other
This entrusted financial management will have a certain positive impact on the company’s operation and performance. However, in view of the income uncertainty of cash management investment products and other factors, there are still some risks in the implementation of entrusted financial management. The company will continue to pay attention to the progress of entrusted financial management and fulfill the obligation of information disclosure in time.
Please invest rationally and pay attention to investment risks.
6、 Documents for future reference
1. Resolutions of the 7th Meeting of the 6th board of directors of the company;
2. Resolutions of the sixth meeting of the sixth board of supervisors of the company;
3. Independent opinions of the company’s independent directors on matters related to the seventh meeting of the sixth board of directors.
It is hereby announced.
Fujian Sunner Development Co.Ltd(002299)
Board of directors
April 21, 2002
