Securities code: 000088 securities abbreviation: Shenzhen Yan Tian Port Holdings Co.Ltd(000088) Announcement No.: 2022-4 Shenzhen Yan Tian Port Holdings Co.Ltd(000088)
Announcement on using idle self owned funds for cash management in 2022
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without falsehood
Material omission or misrepresentation.
Shenzhen Yan Tian Port Holdings Co.Ltd(000088) (hereinafter referred to as "the company" or " Shenzhen Yan Tian Port Holdings Co.Ltd(000088) ") convened the seventh interim meeting of the board of directors and the seventh interim meeting of the board of supervisors on January 11, 2022, deliberated and adopted the proposal on cash management with idle self owned funds in 2022, and agreed that the company, without affecting the normal development of the company's main business, Use its own funds with a limit of no more than RMB 700 million for cash management. Within the above limit and term, the funds can be used circularly and rolling. The board of directors of the company authorizes the management of the company to exercise the decision-making power and sign relevant documents within the validity of the above quota and resolution. This proposal is within the deliberation authority of the board of directors, does not need to be submitted to the general meeting of shareholders for deliberation, and does not constitute a connected transaction. The relevant information is hereby announced as follows:
1、 Cash management with idle self owned funds
(I) purpose of cash management
On the premise of not affecting the normal operation and capital safety of the company and its subsidiaries, in order to improve the efficiency of capital use, make rational use of idle self owned funds, increase the income of cash assets and obtain more returns for the company and shareholders.
(II) cash management limit
The company plans to use no more than RMB 700 million idle self owned funds for cash management, with a service life of no more than 12 months. Within the above limit and term, the funds can be used circularly and rolling.
(III) cash management
In order to control risks, the company and its subsidiaries intend to use idle self owned funds to purchase products with high security, good liquidity and short-term (no more than 12 months). Cash management products include financial products, structured deposits, large certificates of deposit, etc. The above products shall not be used for pledge, do not involve securities investment, and shall not be used for stocks and their derivatives, securities investment funds and financial products for the purpose of securities investment.
(IV) authorization period
The term of this authorization is 12 months from the date of deliberation and approval by the board of directors.
(V) source of funds and specific implementation methods
The source of funds is the idle self owned funds of the company. Within the scope of the quota and the validity of the resolution, the board of directors of the company authorizes the management of the company to exercise the decision-making power and sign relevant documents within the validity of the above quota and resolution.
2、 Risk and risk control measures
(I) risk of cash management
The company selects products with high safety, good liquidity and short-term (no more than 12 months). As the financial market is greatly affected by the macro economy, the company will invest an appropriate amount of funds in time according to the economic situation and changes in the financial market, but it does not rule out the systematic risks caused by market fluctuations, policy changes and other reasons, And the related risks that may be caused by the operation errors of the staff.
(II) risk control measures
1. The financial department of the company will timely analyze and track the product investment direction and project progress. Once adverse factors are found or judged, corresponding preservation measures must be taken in time to control investment risks.
2. The company has established and improved the company's special fund management system in accordance with the requirements of relevant laws and regulations, standardized the approval and implementation procedures of cash management, and ensured the effective development and standardized operation of cash management.
3. Independent directors, the board of supervisors and internal audit institutions can supervise and inspect the use of funds and hire professional institutions to audit when necessary.
4. The company will timely perform the obligation of information disclosure in strict accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact on daily production and operation of the company
(I) based on the principles of standardized operation, risk prevention, prudent investment, value preservation and appreciation, the company used idle self owned funds for cash management, which was implemented on the premise of ensuring daily operation and did not affect the normal production and operation of the company.
(II) the company uses idle self owned funds for cash management, which can improve the use efficiency of idle self owned funds, increase the company's income and obtain more returns for the company and shareholders.
4、 Implementation of decision-making procedures
On January 11, 2022, the seventh interim meeting of the board of directors was held, and the proposal on cash management with idle self owned funds in 2022 was reviewed and passed. It was agreed that the company would use idle self owned funds of no more than RMB 700 million for cash management without affecting the normal development of the company's main business. According to relevant laws, regulations, normative documents and the articles of association, this matter belongs to the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
5、 Description of special opinions
(I) opinions of independent directors
The independent directors believe that the company's cash management with idle self owned funds is implemented on the premise of ensuring that the normal operation of the company is not affected. The company plans to use idle self owned funds of no more than RMB 700 million to purchase products with high safety, good liquidity and short-term (no more than 12 months). The overall risk is controllable, which is conducive to improving the efficiency of capital use, Increase the company's capital income and seek better return on investment for the company and shareholders. This matter will not affect the needs of the company's daily capital turnover and the normal development of the company's business, and will not damage the interests of the company and all shareholders, especially minority shareholders.
Therefore, we agree that the company will use no more than RMB 700 million idle self owned funds for cash management. Cash management products include financial products, structured deposits, large certificates of deposit, etc.
(II) opinions of the board of supervisors
The board of supervisors believes that, on the premise of ensuring the safety of the company's funds, the company can use some idle self owned funds for cash management within the authorized time, which can improve the use efficiency of funds, and the relevant approval procedures comply with the relevant provisions of laws and regulations and the articles of Association.
(III) verification opinions of the recommendation institution
After verification, the sponsor believes that: Shenzhen Yan Tian Port Holdings Co.Ltd(000088) the use of idle self owned funds for cash management has been deliberated and approved by the board of directors and the board of supervisors of the company, and the independent directors have expressed independent opinions and agreed that the company uses idle self owned funds for cash management. This matter is conducive to improving the use efficiency of funds and obtaining certain investment income, does not affect the daily operation of the company, and does not damage the interests of the company and all shareholders, especially small and medium-sized shareholders. The recommendation institution has no objection to the above matters of cash management using idle self owned funds.
6、 Documents for future reference
1. Shenzhen Yan Tian Port Holdings Co.Ltd(000088) resolutions of the seventh interim meeting of the board of directors;
2. Shenzhen Yan Tian Port Holdings Co.Ltd(000088) resolutions of the seventh interim meeting of the board of supervisors;
3. Shenzhen Yan Tian Port Holdings Co.Ltd(000088) independent opinions of independent directors;
4. Verification opinions of Wanlian Securities Co., Ltd. on using idle self owned funds for cash management in Shenzhen Yan Tian Port Holdings Co.Ltd(000088) 2022.
It is hereby announced.
Shenzhen Yan Tian Port Holdings Co.Ltd(000088) board of directors January 12, 2022
