Securities code: Beijing Quanshi World Online Network Information Co.Ltd(002995) securities abbreviation: Beijing Quanshi World Online Network Information Co.Ltd(002995) Announcement No.: 2022035 Beijing Quanshi World Online Network Information Co.Ltd(002995)
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.
Beijing Quanshi World Online Network Information Co.Ltd(002995) (hereinafter referred to as "the company" or " Beijing Quanshi World Online Network Information Co.Ltd(002995) ") held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors on April 26, 2022, deliberated and adopted the proposal on using idle self owned funds for cash management, It is agreed that the company (including wholly-owned subsidiaries and holding subsidiaries) will use idle self owned funds with an amount of no more than RMB 100 million for cash management without affecting the normal operation of the company. The validity period is 12 months from the date of deliberation and approval by the board of directors. Within the above limit and term, the funds for cash management can be used on a rolling basis. At the same time, authorize the chairman of the company or the personnel authorized by the chairman to exercise the investment decision-making power within the limit and sign relevant contract documents. The details are as follows:
1、 The proposed use of idle self owned funds for cash management
1. Investment purpose
In order to improve the fund use efficiency of the company (including wholly-owned subsidiaries and holding subsidiaries), make rational use of idle self owned funds, plan to use idle self owned funds for cash management, purchase low-risk bank financial products, increase the company's income and obtain more investment returns for the company and shareholders without affecting the normal operation of the company.
2. Investment quota
The company (including wholly-owned subsidiaries and holding subsidiaries) plans to use idle self owned funds with a total amount of no more than RMB 100 million for cash management. Within the above limit, the company is allowed to allocate the limit according to the actual situation, and the investment period is no more than 12 months. Within the above limit and the validity period of the resolution, it can be used in a circular and rolling manner. The amount of cash management at any time during the validity period of the resolution shall not exceed the investment limit.
3. Investment varieties
The company purchases financial products issued by banks and other financial institutions with high security, good liquidity, low risk and the longest investment period of a single product is no more than 12 months.
4. Validity of resolution
Valid within 12 months from the date of deliberation and approval by the board of directors.
5. Source of funds
Idle self owned funds of the company and its subsidiaries, and the source of funds is legal and compliant.
6. Implementation mode
Within the above limit, authorize the chairman or the person authorized by the chairman to be responsible for investment decision-making and sign relevant legal documents, which shall be organized and implemented by the financial department.
7. Information disclosure
The company will timely disclose the specific situation of the company's cash management in accordance with the provisions of relevant laws and regulations such as the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and so on.
2、 Review procedure
The fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors considered and approved the proposal on using idle self owned funds for cash management, and agreed that the company (including wholly-owned subsidiaries and holding subsidiaries) use idle self owned funds with a limit of no more than RMB 100 million for cash management to invest in financial products with high safety, good liquidity, low risk and a maximum period of no more than 12 months. According to the Listing Rules of Shenzhen Stock Exchange and the articles of association, this proposal is within the scope of deliberation of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
3、 Investment risk analysis and risk control measures
1. Investment risk
The company will intervene timely and appropriately according to the economic situation and changes in the financial market to ensure the safety of funds. However, the financial market is greatly affected by the macro-economy, and the impact of market fluctuations on this investment is not excluded.
2. Risk control measures
In view of the above investment risks, the company will take the following measures to prevent investment risks and ensure capital safety: (1) the company will strictly abide by the principle of prudent investment, do a good job in the preliminary investigation and feasibility demonstration of relevant products, strictly screen investment objects, and select products issued by units with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability;
(2) The relevant personnel of the Finance Department of the company will analyze and track the changes in the net value of the products in real time. If the evaluation finds that there are risk factors that may affect the company's capital safety, adverse changes in profitability, loss of investment products inconsistent with the situation at the time of purchase, they will take corresponding measures in time to control the investment risk.
(3) The internal audit department of the company is responsible for auditing and supervising the use and custody of funds of cash management products;
(4) 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 timely perform the obligation of information disclosure in accordance with the relevant provisions of the CSRC and Shenzhen Stock Exchange.
4、 Impact on the company's operation
On the premise of ensuring the normal production and operation capital demand of the company (including wholly-owned subsidiaries and holding subsidiaries), the company and its subsidiaries use idle self owned funds for cash management, which will not affect the business development of the company and its subsidiaries. At the same time, it can effectively improve the efficiency of capital use and seek a better return on investment for the company and shareholders.
5、 Opinions of independent directors
The independent directors believe that under the condition of ensuring the normal operation and capital safety of the company, the company uses idle self owned funds of no more than RMB 100 million to invest in low-risk financial products with high safety and good liquidity, which is conducive to improving the use efficiency of self owned funds, increasing the income of the company's self owned funds, and will not affect the normal operation of the company's main business, which is in line with the interests of the company and does not harm all shareholders, Especially the interests of minority shareholders. Relevant approval procedures comply with laws, regulations and rules. The independent directors of the company unanimously agree that the company uses idle self owned funds of no more than RMB 100 million for cash management. The term is 12 months from the date of deliberation and approval by the board of directors. Within the above quota and term, the funds can be used on a rolling basis.
6、 Verification opinions of the recommendation institution
Minsheng Securities Co., Ltd. reviewed the information of the board of directors, the information of the board of supervisors and the opinions of independent directors on Beijing Quanshi World Online Network Information Co.Ltd(002995) plans to use idle self owned funds for cash management. After verification, it is considered that Beijing Quanshi World Online Network Information Co.Ltd(002995) this use of idle self owned funds of no more than RMB 100 million for cash management has been reviewed and approved by the board of directors and the board of supervisors, and the independent directors have expressed their consent, The necessary approval procedures have been performed. The listed companies of Shenzhen Stock Exchange are not in compliance with the provisions of the Shenzhen Stock Exchange and the regulatory rules for the operation of small and medium-sized companies, especially the provisions of the main board of Shenzhen Stock Exchange and the relevant laws and regulations.
To sum up, the recommendation institution has no objection to the company's use of idle self owned funds for cash management this time. 7、 Documents for future reference
1. Resolution of the fourth meeting of the third board of directors;
2. Resolution of the fourth meeting of the third board of supervisors;
3. Independent opinions of independent directors on matters related to the fourth meeting of the third board of directors;
4. Verification opinions of Minsheng Securities Co., Ltd. on Beijing Quanshi World Online Network Information Co.Ltd(002995) using idle self owned funds for cash management.
It is hereby announced.
Beijing Quanshi World Online Network Information Co.Ltd(002995) board of directors April 27, 2022
