Stock abbreviation: Anhui Quanchai Engine Co.Ltd(600218) Stock Code: 600218 Announcement No.: pro 2022-001 Anhui Quanchai Engine Co.Ltd(600218)
With regard to the progress announcement on cash management of some idle self owned funds, the board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and integrity of the contents. Important content tips:
Entrusted financial management trustee: China Industrial And Commercial Bank Of China Limited(601398) Quanjiao sub branch, China Everbright Bank Company Limited Co.Ltd(601818) Chuzhou Branch, Bank Of China Limited(601988) Quanjiao sub branch.
The entrusted financial management amount: 17 million yuan in total.
Name of entrusted financial product: China Industrial And Commercial Bank Of China Limited(601398) linked exchange rate range cumulative corporate RMB structured deposit product - special account type 2022 issue 016 s, 2022 linked exchange rate customized corporate structured deposit phase I product 224, RMB linked structured deposit (institutional customer). Term of entrusted financial management: 102 days, 103 days and 105 days.
Review procedures to be performed: reviewed and approved at the 8th meeting of the 8th board of directors, the 8th meeting of the 8th board of supervisors and the 2020 general meeting of shareholders.
1、 Overview of entrusted financial management
(I) purpose of entrusted financial management
In order to improve the use efficiency of funds, obtain higher capital income and reasonably reduce financial expenses, the company uses some idle self owned funds for cash management on the premise of not affecting the company's normal production and operation and the capital demand of investment and construction projects and effectively controlling risks.
(II) source of funds
The source of funds is some idle self owned funds of the company (including subsidiaries).
(III) basic information of entrusted financial products
Project product I product II
Name of trustee: China Industrial And Commercial Bank Of China Limited(601398) Quanjiao sub branch China Everbright Bank Company Limited Co.Ltd(601818) Chuzhou Branch
Product type bank financial products bank financial products
Product Name: China Industrial And Commercial Bank Of China Limited(601398) linked exchange rate zone 2022 linked exchange rate to corporate structure cumulative corporate RMB structured deposit customization phase I product
Deposit products - special account type 2022 224
Section 016 s
Amount (10000 yuan)
The estimated annualized rate of return is 1.30% / 3.00% / 1.50% / 3.45% / 3.55%
Estimated income amount (10000 yuan) 18.16/41.92 26.25/60.38/62.13
Product life: 102 days 105 days
Income type breakeven floating income breakeven floating income
Structured arrangements none none
Reference annualized rate of return //
Whether it constitutes a connected transaction no
(Continued)
Project product III product IV
Name of trustee Bank Of China Limited(601988) Quanjiao sub branch Bank Of China Limited(601988) Quanjiao sub branch
Product type bank financial products bank financial products
Product name RMB linked structured deposit RMB linked structured deposit (institutional customer) (institutional customer)
Amount (RMB 10000)
The estimated annualized rate of return is 1.53% / 4.66% / 1.54% / 4.67%
Estimated income amount (10000 yuan) 12.95/39.45 13.04/39.54
Product life 103 days 103 days
Income type: principal guaranteed minimum income type: principal guaranteed minimum income type
Structured arrangements none none
Reference annualized rate of return //
Whether it constitutes a connected transaction no
(IV) the company's internal control over risks related to entrusted financial management
The internal risk control of the company using idle self owned funds to purchase financial products is as follows:
1. According to the company's business plan and the use of funds, the finance department selects appropriate financial products according to the security, term and income of financial products, which shall be reviewed by the financial director and submitted to the chairman for approval.
2. The finance department shall establish an account, manage financial products, timely analyze and track the progress of financial products, and take timely measures to control investment risks if it is found that there may be situations affecting the company's capital safety.
3. The audit committee of the board of directors of the company will conduct daily supervision and inspection on the use of funds according to the principle of prudence. The independent directors and the board of supervisors of the company have the right to supervise and inspect the cash management of the company using some idle self owned funds, and can hire professional institutions to audit when necessary.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
Product 1:
Product Name: China Industrial And Commercial Bank Of China Limited(601398) linked exchange rate range cumulative corporate RMB structured deposit product - special account type 2022 issue 016 s
Product custodian China Industrial And Commercial Bank Of China Limited(601398) Quanjiao sub branch
Product type bank financial products
Product life: 102 days
Income type breakeven floating income type
Purchase amount: 50 million yuan
The product raising period is from January 10, 2022 to January 12, 2022
Product start date: January 13, 2022
Product expiration date: April 25, 2022
During the observation period, the median price of USD / JPY exchange rate displayed on Bloomberg's "bfix" page at 3 p.m. Tokyo time every day is rounded to 3 decimal places. The linked object of the table product is the number of JPY convertible to one dollar.
If no relevant data is displayed on Bloomberg's "bfix" page on a certain day, the index of that day shall adopt the middle rate of USD / JPY exchange rate displayed on Bloomberg's "bfix" page at 3:00 p.m. Tokyo time, which is the latest available before this date.
From January 13, 2022 (inclusive) to April 21, 2022 (inclusive), the observation period (m) is 99 days; During the observation period, observe every day, and determine the number of days that the linked object remains in the interval according to the performance of the linked object on that day.
At 3 p.m. Tokyo time on the value date of the product, the median price of the US dollar / Japanese yen exchange rate displayed on Bloomberg's "bfix" page is rounded to 3 decimal places, indicating that the initial price of the linked object is the number of Japanese yen convertible from one US dollar. If no relevant data is displayed on Bloomberg's "bfix" page, the index of that day shall adopt the middle rate of USD / JPY exchange rate displayed on Bloomberg's "bfix" page at 3:00 p.m. Tokyo time, the latest available before this date.
Upper limit of observation range: initial price + 435 basis points
Lower limit of observation range: initial price - 435 basis points
1.30%+1.70% × N / m, 1.30% and 1.70% are the expected annualized rate of return, where n is the actual number of days in the observation period when the linked object is less than the upper limit of the exchange rate observation range and higher than the lower limit of the exchange rate observation range of the expected annualized rate of return, and M is the actual number of days in the observation period. The expected minimum annualized rate of return for customers is 1.30%, and the expected maximum annualized rate of return is 3.00%.
Investors are not allowed to redeem in advance during the duration of early redemption products.
Prior to the expiration date of early termination of the product, China Industrial And Commercial Bank Of China Limited(601398) has no right to unilaterally decide to terminate the product early.
Expected income = product principal × Expected annualized rate of return × Actual duration of the product / 365 (if the maturity date is adjusted according to the working day standard, the actual duration of the product revenue calculation method shall also be adjusted according to the same working day standard), accurate to two decimal places and rounded to three decimal places, which shall be subject to the actual distribution of ICBC.
The structured deposit product includes but is not limited to the following risks: product principal and income risk, prompt interest risk, market risk, interest rate risk, liquidity risk, product failure risk, information transmission risk, force majeure and accident risk, laws, regulations and policies risk, and credit risk.
Return of product principal if the product is established and the investor holds the product until maturity, 100% of the principal will be returned.
Product 2:
Product name 2022 linked exchange rate corporate structured deposit customized phase I product 224
Product custodian China Everbright Bank Company Limited Co.Ltd(601818) Chuzhou Branch
Product type bank financial products
Product life 105 days
Income type breakeven floating income type
Purchase amount: 60 million yuan
Product establishment date: January 10, 2022
Product value date January 10, 2022
Product expiration date: April 25, 2022
The spot exchange rate of bfix EURUSD announced by Bloomberg at 11:00 Tokyo time.
Product observation date: April 20, 2022
If the exchange rate on the observation day is less than or equal to n-0.082, the expected rate of return (year) of the product shall be 1.50%; If the exchange rate on the observation day is greater than n-0.082 and less than N + 0.05205, the yield shall be 3.45%; If the exchange rate on the observation day is greater than or equal to N + 0.05205, the yield shall be 3.55%. From n
