Securities code: Suzhou Chunxing Precision Mechanical Co.Ltd(002547) securities abbreviation: Suzhou Chunxing Precision Mechanical Co.Ltd(002547) Announcement No.: 2022024 Suzhou Chunxing Precision Mechanical Co.Ltd(002547)
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.
Suzhou Chunxing Precision Mechanical Co.Ltd(002547) (hereinafter referred to as "the company") held the 9th meeting of the 5th board of directors on April 24, 2022, deliberated and adopted the proposal on using idle self owned funds for cash management, and agreed that the company and its subsidiaries (branches) use idle self owned funds with a total amount of no more than 500 million yuan for cash management. The specific situation is hereby announced as follows:
1、 Basic information of cash management with self owned funds this time
(I) investment purpose
In order to improve the use efficiency of idle self owned funds of the company and its subsidiaries (branches) and make rational use of idle self owned funds, it is proposed to use idle self owned funds for cash management without affecting the normal operation of the company and its subsidiaries (branches), so as to better maintain and increase the value of the company's cash and seek more return on investment for the company's shareholders.
(II) investment quota
The idle self owned funds used to purchase financial products shall not exceed RMB 500 million, and the above amount can be recycled within the validity period.
(III) investment period
One year from the date of deliberation and approval of the 2021 annual general meeting of shareholders of the company.
(IV) investment varieties
The company and its subsidiaries (branches) use their own funds to invest in low-risk, short-term (generally no more than one year) investment products with high safety and good liquidity. The product issuer shall be a financial institution such as a commercial bank, which has no relationship with the company. The above investment varieties do not involve the provisions on venture capital in the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board.
The above investment products shall not be used for pledge, and the special settlement account for products shall not be used for other purposes.
(V) implementation mode
After being deliberated and approved by the general meeting of shareholders, the management of the company is authorized to exercise the investment decision-making power within the limit and sign relevant contract documents, including but not limited to: selecting qualified professional institutions as the trustee, clarifying the amount and period of financial management, selecting the variety of financial products, signing contracts and agreements, etc.
2、 Review procedure
This matter has been deliberated and approved by the 9th meeting of the 5th board of directors and the 6th meeting of the 5th board of supervisors of the company, and can be implemented only after it is deliberated and approved by the 2021 annual general meeting of shareholders of the company. The independent directors and the board of supervisors of the company expressed their explicit consent.
3、 Investment risk and risk control measures
(I) investment risk
1. The stable financial products purchased by the company and its subsidiaries (branches) belong to the category of low-risk investment, but the financial market is affected by macro-economy, so it is not excluded that the investment is affected by market fluctuations.
2. The company and its subsidiaries (branches) will intervene timely and appropriately according to the economic situation and changes in the financial market, and will not rule out the impact of market fluctuations.
(II) risk control measures
1. The management of the company is authorized to exercise the investment decision-making power and sign relevant contracts, and the head of the company's capital department is responsible for organizing the implementation. The capital Department of the company will timely analyze and track the investment direction and progress of financial products. Once it is found that there are risk factors that may affect the safety of the company's funds, it will timely take preservation measures to control investment risks.
2. The internal audit department of the company is responsible for auditing and supervising the use and custody of the company's cash management funds.
3. The company's independent directors and board of supervisors have the right to conduct regular or irregular inspection on the company's investment bank financial products, and can hire professional institutions to audit when necessary.
4、 Impact on the company
Under the condition of ensuring that the normal operation of the company and its subsidiaries (branches) is not affected, cash management with idle self owned funds will not affect the normal capital turnover and needs of the company and its subsidiaries (branches), will not affect the normal development of main business, and can improve the use efficiency of idle funds; The investment income it obtains is conducive to reducing the company's financial expenses, seeking more investment returns for the company and shareholders, and further improving the overall performance level of the company, which is in line with the interests of the company and all shareholders.
5、 Opinions of independent directors and board of supervisors
(I) independent opinions expressed by independent directors of the company
On the premise of ensuring normal operation and ensuring capital safety, the company and its subsidiaries (branches) use idle self owned funds for cash management, which can effectively improve the efficiency of capital use and increase investment income of the company, will not have an adverse impact on the normal production and operation of the company, and will not damage the interests of the company and all shareholders, especially minority shareholders. The decision-making procedure of this matter is legal and compliant, and complies with the provisions of laws, regulations, normative documents and the articles of association.
We unanimously agree that the company and its subsidiaries (branches) use their own funds with a total amount of no more than RMB 500 million for cash management. The above amount can be recycled within the validity period, and the business development period is one year from the date of deliberation and approval by the 2021 annual general meeting of shareholders. We also agree to submit this proposal to the 2021 annual general meeting of shareholders of the company for deliberation after deliberation and approval by the board of directors.
(II) review opinions of the board of supervisors of the company
The company and its subsidiaries (branches) use idle self owned funds with a total amount of no more than 500 million yuan for cash management, which is conducive to improving the use efficiency and income of the company and its subsidiaries (branches) self owned funds, without harming the interests of the company and minority shareholders, and meets the requirements of relevant laws and regulations. The board of supervisors agreed with the decision of the board of directors to use idle self owned funds for cash management.
6、 Documents for future reference
1. Resolutions of the 9th meeting of the 5th board of directors;
2. Resolutions of the 6th meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on matters related to the ninth meeting of the Fifth Board of directors.
It is hereby announced.
Suzhou Chunxing Precision Mechanical Co.Ltd(002547) board of directors
April 26, 2002
