Securities code: Zhejiang Zhaolong Interconnect Technology Co.Limited(300913) securities abbreviation: Zhejiang Zhaolong Interconnect Technology Co.Limited(300913) Announcement No.: 2022012 Zhejiang Zhaolong Interconnect Technology Co.Limited(300913)
Announcement on using idle 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.
Zhejiang Zhaolong Interconnect Technology Co.Limited(300913) (hereinafter referred to as "the company") held the fifth meeting of the second board of directors and the fifth meeting of the second board of supervisors on April 21, 2022, deliberated and approved the proposal on using idle self owned funds for cash management, and agreed that the company and its subsidiaries use their own funds of no more than 200 million yuan (including this amount) for cash management without affecting normal production and operation and ensuring capital safety, The service life is valid within 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above limit and time limit, the funds can be recycled and used on a rolling basis. The relevant information is hereby announced as follows:
1、 Cash management using idle self owned funds
1. Cash management purpose
Under the condition of ensuring the daily operation of the company and ensuring the safety of funds, the company and its subsidiaries use idle self owned funds for cash management, which is conducive to improving the use efficiency of funds, increasing capital operation income and obtaining more return on investment for the company and its shareholders.
2. Investment varieties
It is used to purchase financial products with high security, good liquidity and low risk (including but not limited to structured deposits, time deposits, call deposits, etc.).
3. Investment quota and term
The company and its subsidiaries intend to use idle self owned funds of no more than RMB 200 million (including this amount) for cash management, and the service life is effective within 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above limit and time limit, the funds can be recycled and used on a rolling basis.
4. Implementation mode
After the above matters are deliberated and approved by the board of directors, they can be implemented only after they are deliberated and approved by the general meeting of shareholders of the company. After being deliberated and approved by the general meeting of shareholders, the chairman of the company and his authorized person are authorized to exercise the investment decision-making power within the above limit and period and sign relevant contract documents, including but not limited to selecting the qualified issuer of financial products, clarifying the financial amount, selecting the variety of financial products, signing contracts, etc. the financial department of the company is responsible for organizing the implementation.
5. Association description
The company and its subsidiaries intend to purchase financial products from financial institutions that do not have a related relationship. They intend to use their own funds for cash management, which will not constitute a related party transaction.
6. Information disclosure
The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange and other regulatory agencies.
2、 Investment risk and risk control measures of cash management
1. Investment risk
(1) Although financial products have been strictly evaluated, the financial market is greatly affected by the macro-economy, and 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.
2. In view of investment risks, the company plans to take the following measures:
(1) The company and its subsidiaries will strictly abide by the principle of prudent investment and choose low-risk investment varieties. It is not allowed to use its own funds for other securities investment, and do not buy bank financial products with stocks, derivatives and unsecured bonds as the investment object.
(2) The Finance Department of the company will timely analyze and track the investment direction of financial products. During the financial management of the above financial products, the company will maintain close contact with relevant financial institutions, timely track the operation of financial funds, strengthen risk control and supervision, and strictly control the safety of funds.
(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.
3、 Impact on the company's operation
On the premise of ensuring the daily operation and capital safety of the company, the company and its subsidiaries use idle self owned funds for cash management, which is conducive to improving the efficiency of capital use and will not affect the normal development of the company's main business. At the same time, it can improve the efficiency of capital use, obtain certain capital income and obtain more returns for the company and shareholders.
4、 The company's purchase of financial products has not expired before the announcement date
As of the disclosure date of this announcement date, the company used idle self owned funds to purchase bank financial products, and the outstanding balance was 602927 million yuan.
5、 Review procedures and relevant opinions for implementation
1. Deliberations of the board of directors
On April 21, 2022, the company held the fifth meeting of the second board of directors, deliberated and approved the proposal on using idle self owned funds for cash management, and agreed that the company and its subsidiaries use their own funds of no more than 200 million yuan (including this amount) for cash management.
2. Deliberation of the board of supervisors
On April 21, 2022, the company held the fifth meeting of the second board of supervisors, deliberated and approved the proposal on using idle self owned funds for cash management, and agreed that the company and its subsidiaries use their own funds of no more than 200 million yuan (including this amount) for cash management.
3. Opinions of independent directors
The independent directors of the company expressed independent opinions on the proposal: on the premise of ensuring the daily operation capital demand and capital safety of the company, the company and its subsidiaries use idle self owned funds to invest in financial products with high safety, good liquidity and low risk, which is conducive to improving the use efficiency of self owned funds and increasing investment income, will not affect the normal development of the company's main business, and will not damage the company and all shareholders, Especially the interests of minority shareholders. We agree that the company and its subsidiaries use idle self owned funds for cash management. 4. Verification opinions of the recommendation institution
After verification, the sponsor believes that the company and its subsidiaries' use of idle self owned funds for cash management has been deliberated and approved at the fifth meeting of the second board of directors and the fifth meeting of the second board of supervisors, and the independent directors have expressed their consent, which needs to be submitted to the 2021 annual general meeting of shareholders for deliberation, which is in line with the provisions of relevant laws, regulations and exchange rules. The company and its subsidiaries use idle self owned funds for cash management, which will not affect the normal development of the company's main business. At the same time, it can improve the use efficiency of funds, obtain certain capital income and obtain more returns for the company and shareholders.
To sum up, the recommendation institution agrees that the company and its subsidiaries use their own funds of no more than RMB 200 million (including this amount) for cash management without affecting the normal production and operation of the company and ensuring the safety of funds.
6、 Documents for future reference
1. Resolutions of the fifth meeting of the second board of directors;
2. Resolutions of the fifth meeting of the second board of supervisors;
3. Independent opinions of independent directors on matters related to the fifth meeting of the second board of directors;
4. China Merchants Securities Co.Ltd(600999) verification opinions on Zhejiang Zhaolong Interconnect Technology Co.Limited(300913) using idle self owned funds for cash management.
It is hereby announced.
Zhejiang Zhaolong Interconnect Technology Co.Limited(300913) board of directors April 25, 2022
