China International Capital Corporation Limited(601995)
About Mango Excellent Media Co.Ltd(300413)
Verification opinions on using idle self owned funds for cash management
China International Capital Corporation Limited(601995) (hereinafter referred to as ” China International Capital Corporation Limited(601995) ” and “sponsor”) as the sponsor of Mango Excellent Media Co.Ltd(300413) (hereinafter referred to as ” Mango Excellent Media Co.Ltd(300413) ” and “company”) issuing A-Shares to specific objects in 2020, in accordance with the administrative measures for securities issuance and listing sponsor business, the Listing Rules of Shenzhen Stock Exchange gem shares The guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of GEM listed companies and other relevant provisions have carefully and prudently verified the cash management of Mango Excellent Media Co.Ltd(300413) using idle self owned funds, and issued this verification opinion. The specific verification conditions are as follows:
1、 Basic information of cash management using idle self owned funds this time
(I) investment purpose
In order to improve the use efficiency of funds and make rational use of idle funds, the company plans to use idle self owned funds to purchase short-term low-risk financial products with high safety and good liquidity without affecting normal operation.
(II) investment varieties
The varieties invested by the company with idle self owned funds are short-term low-risk financial products.
(III) investment quota
The company plans to use idle self owned funds of no more than 3 billion yuan to purchase short-term low-risk financial products, and the funds within the above limit can be used on a rolling basis.
(IV) investment period
The investment period for the company to use idle self owned funds to purchase short-term low-risk financial products shall not exceed 12 months.
(V) validity period of limit
Valid within 12 months from the date of deliberation and approval by the board of directors.
(VI) source of funds
Idle its own funds.
(VII) implementation mode
The board of directors of the company authorizes the management to exercise the investment decision-making power, which shall be implemented by the financial department of the company or its subsidiaries.
2、 Investment risk analysis and risk control measures
(I) investment risk
1. Although the financial products to be purchased by the company are short-term and low-risk financial products, due to the impact of economic situation and financial market fluctuations, the expected income may not be realized.
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 moral hazard of relevant staff.
(II) proposed risk control measures
1. The company will strictly abide by the principle of prudent investment and choose low-risk investment varieties. The specific financial department will pay attention to and analyze the investment direction and progress of financial products in real time. Once it is found or judged that there are factors affecting the income of financial products, it will timely report to the company’s operation and management, and take corresponding preservation measures to control the investment risk to the greatest extent and ensure the safety of funds. Financial assets such as financial products held by the company cannot be used for pledge.
2. Establish and improve complete accounting accounts for the economic activities of the use of funds, and do a good job in the financial accounting of the use of funds; The finance department shall timely check the account balance with the bank on the day of investment to ensure the safety of funds. 3. Implement post separation operation, and the approver, operator and risk monitor of investment and wealth management business shall be independent of each other; The relevant staff of the company and the relevant staff of financial institutions shall keep the financial management business confidential and shall not disclose the company’s financial management plan, transaction, settlement, capital status and other information related to the company’s financial management business without permission.
3、 Impact on the company’s operation
The company insists on standardized operation. Under the condition of ensuring the normal operation of the company, using idle funds for cash management will not affect the normal development of the company’s main business. At the same time, it can improve the efficiency of fund use and obtain certain investment income, which is in line with the interests of the company and all shareholders.
4、 Review procedure
Mango Excellent Media Co.Ltd(300413) the 8th meeting of the 4th board of directors and the 7th Meeting of the 4th board of supervisors respectively deliberated and adopted the proposal on cash management with idle self owned funds, and the independent directors expressed their independent opinions.
5、 Verification opinions of the recommendation institution
After verification, the recommendation institution believes that: Mango Excellent Media Co.Ltd(300413) 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, the independent directors have expressed their consent, fulfilled the necessary internal decision-making procedures, and complied with the measures for the Administration of securities issuance and listing recommendation business, the Listing Rules of GEM stocks of Shenzhen Stock Exchange Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 – standardized operation of GEM listed companies and other relevant provisions. The company has formulated corresponding risk control measures. The use of idle self owned funds for cash management will not affect the normal development of the company’s business activities and will not damage the interests of the company and shareholders China International Capital Corporation Limited(601995) has no objection to Mango Excellent Media Co.Ltd(300413) using idle self owned funds for cash management. (no text below)
(there is no text on this page, which is the signature and seal page of China International Capital Corporation Limited(601995) opinions on Mango Excellent Media Co.Ltd(300413) using idle self owned funds for cash management) sponsor representative:
Yao Xudong, Wang Kun
China International Capital Corporation Limited(601995) mm / DD / yy
