Securities code: Shanghai Hi-Road Food Technology Co.Ltd(300915) securities abbreviation: Shanghai Hi-Road Food Technology Co.Ltd(300915) Announcement No.: 2022015 Shanghai Hi-Road Food Technology Co.Ltd(300915)
Announcement on adjusting the amount of cash management using idle self owned funds
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.
Shanghai Hi-Road Food Technology Co.Ltd(300915) (hereinafter referred to as "the company") held the fourth meeting of the third board of directors and the third meeting of the third board of supervisors on April 21, 2022, deliberated and adopted the proposal on adjusting the amount of cash management using idle self owned funds, and agreed that the company would not affect the normal operation of the company, The amount of cash management using idle self owned funds increased from the original amount of no more than RMB 370 million (including this amount, the same below) to RMB 470 million. After adjustment, the company used idle self owned funds for cash management of 470 million yuan. The term, basic information, risk control measures and other contents of cash management remain unchanged. The details are announced as follows:
1、 Overview of cash management
(I) investment purpose
In order to improve the efficiency of capital use and increase the return of shareholders, the company plans to use temporarily idle self owned funds for cash management on the premise of ensuring that it will not affect the normal operation of the company and effectively control risks, so as to better maximize the interests of the company and shareholders.
(II) investment quota and term
According to the company's current use of funds and considering maintaining sufficient liquidity, the company plans to use idle self owned funds of no more than 470 million yuan for cash management. The investment period is from the annual general meeting of shareholders in 2021 to November 4, 2022. Within the above limit and period, the funds can be recycled and rolled.
(III) investment varieties
The company plans to use idle self owned funds to purchase financial products or deposit products with high security and good liquidity, and the investment period of the products shall not exceed 12 months.
(IV) implementation mode
Within the above quota and time limit, the board of directors authorizes the management of the company to exercise the right of investment decision-making and sign relevant legal documents. The specific matters shall be organized and implemented by the Finance Department of the company.
(V) information disclosure
The company will timely fulfill the obligation of information disclosure in accordance with the requirements of relevant laws, regulations and normative documents such as the Shenzhen Stock Exchange GEM Listing Rules (revised in 2020), Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 - standardized operation of GEM listed companies.
2、 Investment risk and risk control measures of cash management
(I) investment risk
1. Although the investment products have been strictly evaluated, the financial market is greatly affected by the macro-economy. It is not ruled out that the investment is affected by market fluctuations.
2. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable.
3. Operation and monitoring risks of relevant staff.
(II) risk control measures
1. The company will strictly abide by the principle of prudent investment, screen investment objects, and mainly select products issued by units with good reputation, large scale and ability to ensure capital safety.
2. The Finance Department of the company will timely analyze and track the investment direction of financial products and the progress of the project. If it is found that there are risk factors that may affect the safety of the company's funds, it will take corresponding measures in time to control the investment risk. 3. The internal audit department of the company shall conduct daily supervision on the use and custody of financial funds, and regularly audit and verify the use of financial funds.
4. The board of supervisors and independent directors of the company have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
5. The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on the daily operation of the company
The company's use of idle self owned funds to purchase financial products is implemented on the premise of ensuring the normal operation and capital safety of the company, which will not affect the normal needs of the company's daily capital turnover and the normal development of the company's main business. Through cash management, we can improve the efficiency of capital use and obtain certain investment income, which is in line with the interests of the company and all shareholders.
4、 Relevant review and approval procedures and opinions
(I) deliberations of the board of directors
The 16th meeting of the second board of directors held on October 20, 2021 deliberated and approved the proposal on extending the period and adjusting the amount of cash management with idle self owned funds, and agreed to extend the investment period of cash management with self owned funds from January 6, 2021 to one year after the second extraordinary general meeting of shareholders in 2021 deliberated and approved the proposal (i.e. November 4, 2022); The amount of cash management using idle self owned funds will be adjusted from no more than 170 million yuan to no more than 370 million yuan. The basic information of cash management, risk control measures and other contents remain unchanged.
The fourth meeting of the third board of directors held on April 21, 2022 deliberated and passed the proposal on adjusting the amount of cash management using idle self owned funds, and agreed that the amount of cash management using idle self owned funds would be increased from the original amount of not more than 370million yuan (including this amount, the same below) to 470million yuan without affecting the normal operation of the company. The term, basic information, risk control measures and other contents of cash management remain unchanged.
(II) deliberation of the board of supervisors
The 13th meeting of the second board of supervisors held on October 20, 2021 deliberated and approved the proposal on extending the period and adjusting the amount of cash management with idle self owned funds, and agreed to extend the investment period of cash management with self owned funds from January 6, 2021 to one year after the second extraordinary general meeting of shareholders in 2021 deliberated and adopted the proposal (i.e. November 4, 2022), The amount of cash management using idle self owned funds will be adjusted from no more than 170 million yuan to no more than 370 million yuan. The basic information of cash management, risk control measures and other contents remain unchanged.
The third meeting of the third board of supervisors held by the company on April 21, 2022 deliberated and approved the proposal on extending the period and adjusting the amount of cash management with idle self owned funds and the proposal on adjusting the amount of cash management with idle self owned funds, and agreed that the company would not affect the normal operation of the company, The amount of cash management using idle self owned funds increased from the original amount of no more than RMB 370 million (including this amount, the same below) to RMB 470 million. The term, basic information, risk control measures and other contents of cash management remain unchanged.
(III) opinions of independent directors
The company's adjustment of the amount of cash management with idle self owned funds this time is the arrangement of the company according to the operation and use of funds, which is conducive to improving the use efficiency and income level of funds. Therefore, we agree that the company will adjust the amount of cash management with idle self owned funds from no more than 370 million yuan to no more than 470 million yuan, and submit this matter to the 2021 annual general meeting of shareholders of the company for deliberation. (IV) verification opinions of the recommendation institution
Upon verification, Orient Securities Company Limited(600958) underwriting and recommendation Co., Ltd. believes that the adjustment of cash management limit of part of its own funds has been deliberated and approved by the board of directors, and the board of supervisors and independent directors have expressed explicit consent and fulfilled the necessary legal procedures. The proposal still needs to be submitted to the general meeting of shareholders of the company for deliberation.
On the premise of ensuring the normal operation and capital demand of the company, the company adjusts the cash management limit of some idle self owned funds this time, which is conducive to further improve the efficiency of capital use and obtain certain income, which is in line with the interests of the company and all shareholders.
Therefore, the adjustment of the cash management limit of some of the company's own funds this time complies with the company law of the people's Republic of China, the securities law of the people's Republic of China, the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange and other relevant provisions.
5、 Documents for future reference
1. Shanghai Hi-Road Food Technology Co.Ltd(300915) the resolution of the fourth meeting of the third board of directors;
2. Independent opinions of independent directors on matters related to the fourth meeting of the third board of directors of the company;
3. Shanghai Hi-Road Food Technology Co.Ltd(300915) the resolution of the third meeting of the third board of supervisors;
4. Orient Securities Company Limited(600958) underwriting recommendation Co., Ltd. verification opinions on Shanghai Hi-Road Food Technology Co.Ltd(300915) adjusting the amount of idle self owned funds for cash management.
It is hereby announced.
Shanghai Hi-Road Food Technology Co.Ltd(300915) board of directors
April 22, 2002
