Securities code: Xinjiang Beiken Energy Engineering Co.Ltd(002828) securities abbreviation: Xinjiang Beiken Energy Engineering Co.Ltd(002828) Announcement No.: 2022016 Xinjiang Beiken Energy Engineering Co.Ltd(002828)
Announcement on using 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.
Xinjiang Beiken Energy Engineering Co.Ltd(002828) (hereinafter referred to as "the company") held the 21st Meeting of the 4th board of directors and the 16th meeting of the 4th board of supervisors on April 21, 2022. The meeting deliberated and adopted the proposal on cash management with its own funds, The board of directors agrees that the company and its wholly-owned subsidiaries use idle self owned funds of no more than 200 million yuan to invest in safe and liquid bank time deposits, structured deposits, principal guaranteed income certificates and varieties of national debt reverse repurchase sold by financial institutions with legal business qualifications for cash management. The specific circumstances are as follows:
1、 Cash management with self owned funds
The plan to use idle self owned funds for cash management is as follows:
1. Investment varieties: in order to control risks, the varieties of idle self owned funds invested by the company are bank time deposits, structured deposits, principal guaranteed income certificates and treasury bond reverse repurchase varieties sold by financial institutions with legal business qualifications, which are important financial means for the company to improve the use efficiency of idle self owned funds on the premise of controllable risks.
2. Investment term: valid within 12 months from the date of deliberation and adoption at the 21st Meeting of the Fourth Board of directors. 3. Investment quota: the company and its wholly-owned subsidiaries intend to use idle self owned funds with a cumulative transaction quota of no more than 200 million yuan for cash management and purchase short-term principal guaranteed financial products, deposit products, principal guaranteed income certificates, Treasury reverse repurchase and other products. Within the above service life and cumulative transaction limit, the funds can be used on a rolling basis.
4. Source of funds: idle self owned funds.
5. Implementation method: within the limit, the financial department is authorized by the board of directors to be responsible for the implementation, and the company's internal audit department and the board of supervisors are responsible for supervising the implementation. The authorization shall be valid within one year after being deliberated and approved by the board of directors.
6. Information disclosure: the company will disclose in the regular report according to the rules of information disclosure.
According to the articles of association, the Listing Rules of Shenzhen Stock Exchange, the management system of investment and wealth management and other relevant regulations, the idle self owned funds with a total amount of no more than 200 million yuan are used for cash management, which does not exceed 50% of the audited net assets of the company in 2021 and is not a related party transaction. It does not need to be submitted to the general meeting of shareholders for deliberation, and it will be implemented after the deliberation and approval of the board of directors of the company.
2、 Investment risk and risk control measures
Investment risk:
1. The financial market is greatly affected by the macro economy. The company will reasonably plan and adjust the purchase of bank time deposits, structured deposits, principal guaranteed income certificates and varieties of national debt reverse repurchase according to the economic situation and changes in the financial market.
2. Operational risks of relevant staff.
For investment risks, the proposed measures are as follows:
1. Relevant departments of the company will select appropriate cash management investment products according to the progress of investment projects with their own funds.
2. Relevant departments of the company shall establish a cash management account of idle self owned funds, timely adjust the term of idle self owned funds management investment products according to the use progress of self owned funds, track and analyze the income, timely find and evaluate the possible risks affecting the safety of the company's funds, and take timely measures to control investment risks.
3. The internal audit department of the company shall supervise the use of funds on a daily basis.
4. The independent directors and the board of supervisors of the company have the right to supervise and inspect the cash management, and can hire professional institutions to audit when necessary.
5. The company will disclose the purchase and profit and loss of financial products during the reporting period in the regular report in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the company's operation
1. The company's use of idle self owned funds for cash management is implemented on the premise of ensuring the company's daily operation and capital safety, which will not affect the needs of the company's daily capital turnover and the normal development of the company's main business.
2. Appropriate and timely cash management of idle self owned funds can reduce idle funds and obtain certain investment income, which is conducive to further improve the overall performance level of the company and seek more investment returns for the company and shareholders.
4、 Approval procedure
1. Deliberations of the board of directors
On April 21, 2022, the company held the 21st Meeting of the 4th board of directors. All directors deliberated on the proposal on cash management with self owned funds, and unanimously agreed that the company and its wholly-owned subsidiaries use idle funds of no more than 200 million yuan for cash management, investment bank time deposits, structured deposits, principal guaranteed income certificates, national debt reverse repurchase varieties and other products.
2. Deliberation of the board of supervisors
On April 21, 2022, the company held the 16th meeting of the 4th board of supervisors, deliberated and approved the proposal on using its own funds for cash management, and agreed that the company and its wholly-owned subsidiaries use idle funds of no more than 200 million yuan for cash management to invest in fixed-term deposits, structured deposits, principal guaranteed income certificates, reverse repurchase varieties of national debt and other products.
The board of supervisors believes that the cash management of the company and its wholly-owned subsidiaries with their own funds is implemented 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 funds and the normal development of the company's main business. Appropriate and timely cash management of temporarily idle self owned funds can reduce idle funds and obtain certain investment income, which is conducive to further improving the overall performance level of the company and seeking more return on investment for the company and shareholders.
3. Opinions of independent directors of the company
On the premise of fully ensuring the company's daily operational capital demand, not affecting the company's normal business activities and effectively controlling risks, using idle self owned funds to purchase safe, low-risk and stable investment and financial products is conducive to improving the company's capital income level, strengthening the company's profitability and obtaining more investment returns for shareholders. It is agreed that the company and its wholly-owned subsidiaries use idle funds of no more than 200 million yuan for cash management.
5、 Documents for future reference 1. Resolutions of the 21st Meeting of the 4th board of directors of the company; 2. Resolutions of the 16th meeting of the 4th board of supervisors of the company; 3. Independent opinions of independent directors on matters related to the 21st Meeting of the Fourth Board of directors of the company. It is hereby announced.
Xinjiang Beiken Energy Engineering Co.Ltd(002828) board of directors
April 21, 2022
