Securities code: 002528 securities abbreviation: Shenzhen Infinova Limited(002528) Announcement No.: 2022-004 Shenzhen Infinova Limited(002528)
Announcement on using some 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.
Shenzhen Infinova Limited(002528) (hereinafter referred to as the company) held the 21st Meeting of the Fifth Board of directors on January 12, 2022, deliberated and adopted the proposal on using some idle self owned funds for cash management, and agreed that the company, on the premise of ensuring that the normal production and operation of the company will not be affected, combined with the company's business development plan and capital status, Use idle self owned funds totaling no more than RMB 800 million for cash management to invest in financial products of financial institutions with high safety, good liquidity and low risk. The service life is within 12 months from the date of deliberation and approval by the board of directors of the company. Within the above service life and limit, the funds can be used circularly and continuously, and the management of the company is authorized to exercise relevant decision-making power and sign relevant contract documents within the limit, and the Finance Department of the company is authorized to implement relevant matters. Relevant matters are hereby announced as follows:
1、 Basic information of cash management using idle self owned funds this time
(I) purpose of cash management
On the premise of not affecting normal operation and controllable risk, use temporarily idle self owned funds for cash management, improve fund use efficiency, increase the company's cash asset income, and obtain more return on investment for the company and shareholders.
(II) cash management limit and term
It is proposed to use its own funds with a total amount of no more than RMB 800 million for cash management, and the service life is within 12 months from the date of deliberation and approval by the board of directors of the company. Within the service life and limit, the funds can be used circularly and rolling.
(III) source of funds
The funds used by the company for cash management are the company's own funds, and the source of funds is legal and compliant.
(IV) types of cash management investment
In order to control risks, the company's idle self owned funds are financial products with high security, good liquidity, low risk and the longest investment period of a single product is no more than 12 months. Investment products do not include the purchase of financial products with stocks, interest rates, exchange rates and their derivatives as the main investment targets from banks and other financial institutions.
(V) implementation mode
Within the above period and limit, the board of directors authorizes the management of the company to exercise relevant decision-making power and sign relevant contract documents, and the Finance Department of the company shall implement relevant matters. The financial products purchased by the company shall not be used for pledge. (VI) information disclosure
The company will timely disclose the specific situation of cash management business in accordance with the relevant provisions of Shenzhen Stock Exchange and other regulatory authorities.
(VII) description of association relationship
The company plans to purchase financial products from financial institutions that do not have a related relationship. The use of idle own funds for cash management does not constitute a related party transaction.
2、 Investment risk and risk control measures
(I) investment risk analysis
1. Although the company's investment products for cash management belong to low-risk investment varieties, the financial market is greatly affected by macro-economy, and it is not excluded 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;
3. Operation, supervision and risk management of relevant staff.
(II) risk control measures taken by the company for investment risks
1. The company uses idle self owned funds for cash management. It is only allowed to trade with financial institutions with legal business qualifications. It can only buy financial products with high security, good liquidity, low risk and a single product investment period of no more than 12 months. It is not allowed to trade with non-standard institutions.
2. The company's financial department will timely analyze and track the investment direction of investment products and project progress. Once adverse factors that may affect the company's capital security are found or judged, corresponding preservation measures will be taken in time to control investment risks.
3. The audit and risk management department of the company is responsible for auditing and supervising the use and custody of funds for cash management, and evaluating the possible risks.
4. The independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and can hire professional institutions to audit when necessary.
5. The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Impact of this cash management event on the company
The company intends to use some idle self owned funds for cash management this time, which is based on the principles of standardized operation, risk prevention, prudent investment, value preservation and appreciation, and on the premise of ensuring that it does not affect the working capital required for the normal operation of the company, and will not affect the normal development of the company's main business; Timely cash management of idle self owned funds can improve the company's fund use efficiency and obtain certain investment income, which is conducive to improving the overall performance level of the company and in line with the interests of all shareholders.
4、 Opinions of independent directors and board of supervisors
(I) independent opinions of independent directors
The independent directors of the company express their independent opinions on the company's use of some idle self owned funds for cash management as follows: on the basis of ensuring the liquidity and safety of funds, the company uses idle self owned funds for cash management according to its business plan and fund use, which helps to improve the use efficiency of the company's self owned funds and obtain better investment income, It is in the interests of the company to improve the overall performance level of the company and obtain more return on investment for shareholders. This item has fulfilled the necessary decision-making procedures, will not have an adverse impact on the company's business activities, and will not damage the interests of the company and all shareholders, especially minority shareholders. Therefore, it is agreed that the company will use some idle self owned funds for cash management this time.
(II) opinions of the board of supervisors
The company held the 19th meeting of the 5th board of supervisors on January 12, 2022, and deliberated and adopted the proposal on using some idle self owned funds for cash management. After review, the board of supervisors believes that the decision-making procedures of the company for cash management with some idle self owned funds comply with relevant regulations. On the premise of ensuring that the company's daily operation is not affected, the company uses idle self owned funds of no more than RMB 800 million for cash management to invest in financial institutions with high safety, good liquidity and low risk, It is conducive to improving the efficiency of capital use and does not harm the interests of shareholders. The company agrees to use some idle self owned funds for cash management this time.
5、 Documents for future reference 1. Resolutions of the 21st Meeting of the 5th board of directors of the company; 2. Resolutions of the 19th meeting of the 5th board of supervisors of the company; 3. Independent opinions of independent directors on matters related to the 21st Meeting of the Fifth Board of directors of the company. It is hereby announced.
Shenzhen Infinova Limited(002528) board of directors
January 13, 2022
