China Merchants Securities Co.Ltd(600999)
About Bisen Smart Access Co.Ltd(301083)
Verification opinions on cash management using some idle self owned funds
China Merchants Securities Co.Ltd(600999) (hereinafter referred to as “sponsor”) is a sponsor of Bisen Smart Access Co.Ltd(301083) (hereinafter referred to as ” Bisen Smart Access Co.Ltd(301083) ” or “company”) for initial public offering and listing on GEM, In accordance with the provisions of relevant laws, regulations and normative documents such as the measures for the administration of securities issuance and listing recommendation business, the guidelines for the recommendation of listed companies of Shenzhen Stock Exchange, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the guidelines for the self-discipline supervision of listed companies of Shenzhen Stock exchange No. 2 – standardized operation of GEM listed companies, etc, The cash management matters of Bisen Smart Access Co.Ltd(301083) using some idle self owned funds are verified as follows:
1、 Overview of cash management using some idle self owned funds this time
According to the proposal on using some idle self owned funds for cash management deliberated and adopted at the 17th meeting of the second board of directors and the 6th meeting of the second board of supervisors, the overview of the company’s use of idle self owned funds for cash management is as follows:
(I) Investor: the company (including holding subsidiaries).
(II) investment purpose: in order to improve the use efficiency of funds, it is proposed to use idle self owned funds of no more than 150 million yuan for cash management without affecting the normal operation of the company, so as to increase the investment income of the company. (III) investment limit: according to the idle self owned funds, the total amount of cash management to be carried out shall not exceed 150 million yuan (including), and the funds can be recycled within the limit.
(IV) investment type: financial products with high security, good liquidity and low risk shall not be directly or indirectly used for other securities investment, nor shall they purchase trust products with stocks, their derivatives and unsecured bonds as investment objects.
(V) investment period: determined according to the attributes of the invested financial products, the longest period shall not exceed 12 months. (VI) validity period of the quota: the service life is one year from the date of deliberation and approval of the first extraordinary general meeting of shareholders in 2022.
(VII) fund source: idle self owned funds of the company (including holding subsidiaries).
(VIII) implementation method: the general meeting of shareholders of the company authorizes the management of the company to sign relevant legal documents within the limit. The financial department of the company is responsible for organizing the implementation. The purchase of investment products by the company’s subsidiaries within the limit shall be uniformly organized by the company’s finance department after being reviewed and approved by the company’s finance department.
(IX) association relationship: the company has no association relationship with the issuer providing financial products.
2、 Impact on the company’s operation
The company uses idle self owned funds for cash management, which is conducive to improving the efficiency and income level of the company’s funds and obtaining more return on investment. The investment will not adversely affect the company’s production and operation. 3、 Investment risk and risk control measures
(I) investment risk
1. The company’s purchase of short-term financial products belongs to relatively low-risk investment varieties, but the financial market is affected by macro-economy, so it is not excluded that the above 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 the investment is unpredictable.
(II) risk control measures
1. The company will strictly abide by the principle of prudent investment, select financial products with high safety, good liquidity and low risk, timely analyze and track the investment direction of financial products and project progress, and take corresponding preservation measures in time to control investment risk once adverse factors are found or judged.
2. Establish and improve the risk prevention and control, accountability and compensation mechanism of cash management to ensure the safety of funds.
3. The financial department of the company shall conduct accounting for the investment of the company’s financial products.
4. The audit committee of the board of directors of the company shall supervise the use and income of investment and financial management funds, and the internal audit department shall conduct daily inspection on the implementation of investment and financial management.
5. The board of supervisors and independent directors of the company shall supervise and inspect the cash management.
4、 Necessary approval procedures for cash management with some idle self owned funds
The company held the 17th meeting of the second board of directors and the 6th meeting of the second board of supervisors on January 12, 2022, and deliberated and adopted the proposal on using some idle self owned funds for cash management. The independent directors of the company expressed clear consent.
5、 Verification opinions of the recommendation institution
Bisen Smart Access Co.Ltd(301083) 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, and the independent directors of the company have expressed clear consent. This matter has fulfilled the necessary review procedures and complies with the provisions of relevant laws, regulations and exchange rules. The company’s use of some idle self owned funds for cash management complies with the provisions of the Shenzhen Stock Exchange gem stock listing rules, Shenzhen Stock Exchange listed companies self regulatory guidance No. 2 – standardized operation of GEM listed companies and other relevant laws and regulations. The company uses some idle self owned funds for cash management, which does not harm the interests of the company and shareholders. In conclusion, the recommendation institution has no objection to the cash management of the company’s use of some idle self owned funds with an amount of no more than 150 million yuan (inclusive).
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Sponsor representative:
Zheng Huafeng pan chain
China Merchants Securities Co.Ltd(600999) mm / DD / 2022
