Securities code: Tongyu Communication Inc(002792) securities abbreviation: Tongyu Communication Inc(002792) Announcement No.: 2022019 Tongyu Communication Inc(002792)
Announcement on using idle self owned funds for cash management
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.
Tongyu Communication Inc(002792) (hereinafter referred to as “the company”) deliberated and adopted the proposal on using idle self owned funds for cash management at the 14th meeting of the Fourth Board of directors on April 27, 2022. Relevant information is announced as follows:
In order to improve the use efficiency and income level of funds, on the premise of not affecting the normal operation, the company and its holding subsidiaries plan to use idle self owned funds for cash management and choose the opportunity to buy principal guaranteed financial products of low-risk, short-term (no more than one year) banks and other financial institutions, with a financial management limit of no more than 1 billion yuan. Within the above limit, the funds can be used on a rolling basis, The validity period is from the date of deliberation and approval of the 2021 annual general meeting of shareholders to the date of holding the 2022 annual general meeting of shareholders of the company. The transaction amount (including the relevant amount of reinvestment of the income of the above investment) at any point in the period shall not exceed the amount of entrusted financial management. Meanwhile, the chairman or general manager of the company shall be authorized to sign relevant contract documents within the above financial management limit, and the financial director of the company shall be responsible for organizing the implementation. 1、 Impact on the daily operation of the company
The funds used by the company and its holding subsidiaries to invest in low-risk breakeven financial products are idle self owned funds, which will not affect the daily capital turnover needs of the company and the normal development of the company’s main business. The company’s current financial situation is stable, and the use of corresponding funds will not affect the development of the company’s daily business, and is conducive to improving the income of idle self owned funds.
2、 Risk control measures
The company and its holding subsidiaries purchase low-risk short-term bank principal guaranteed financial products, which are not used for securities investment and the risk is controllable. The board of directors of the company authorizes the management of the company to arrange relevant personnel to predict and predict the financial products, and timely analyze and monitor the investment direction and project progress of the financial products after purchase. If the evaluation finds that there are risk factors that may affect the safety of the company’s funds, corresponding measures will be taken in time to control the investment risk. 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.
The Finance Department of the company shall establish accounts to manage short-term financial products, establish and improve accounting accounts, and do a good job in accounting the use of funds.
The investment participants of the company have the obligation of confidentiality and shall not disclose relevant information to any third party. The investment participants and other informed personnel of the company shall not invest in the same financial products as the company.
The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Opinions of the board of directors
The 14th meeting of the 4th board of directors of the company deliberated and approved the proposal on using idle self owned funds for cash management, and agreed that the company and its holding subsidiaries use idle raised funds for cash management, with a financial management limit of no more than 1 billion yuan.
4、 Opinions of independent directors
Independent directors express independent opinions: the matters considered by the company on the use of idle self owned funds for cash management comply with the provisions of relevant laws and regulations, and the voting procedures are legal and effective. This time, the company and its holding subsidiaries are authorized to purchase financial products of low-risk, short-term (no more than one year) banks and other financial institutions with idle own funds, and the amount of entrusted financial management is no more than 1 billion yuan. Within the above amount, the funds can be used on a rolling basis, and the validity period is from the date of deliberation and approval of the 2021 annual general meeting to the date of holding the 2022 annual general meeting of the company, The transaction amount at any time point within the term (including the relevant amount of reinvestment of the income of the above investment) shall not exceed the amount of entrusted financial management. The company’s use of idle self owned funds for cash management meets the needs of the company’s interests, helps to improve the company’s fund utilization efficiency, will not cause the company’s capital pressure, will not affect the normal development of the company’s main business, and will not damage the interests of the company and shareholders, especially small and medium-sized shareholders. We agree to authorize the chairman or general manager of the company to purchase financial products of banks and other financial institutions with its own idle funds of no more than 1 billion yuan after being deliberated and approved by the 2021 annual general meeting of shareholders of the company, and agree to request the chairman or general manager of the company to sign relevant contract documents within the above investment limit, which shall be organized and implemented by the person in charge of finance of the company.
5、 Opinions of the board of supervisors
The board of supervisors believes that the decision-making procedure of using its own funds to invest in financial products complies with relevant regulations. On the premise of ensuring the safety of funds, the company’s rolling use of its own funds shall not exceed RMB 1 billion, and its own funds shall be invested in principal factoring property products with high safety and good liquidity, which is conducive to improving the cash management income of its own funds and obtaining certain investment benefits. We agree that the company will use idle self owned funds to purchase financial products. 6、 Documents for future reference
1. Resolutions of the 14th meeting of the 4th board of directors of the company;
2. Resolutions of the 13th meeting of the 4th board of supervisors of the company;
3. Independent opinions of independent directors on the 14th meeting of the Fourth Board of directors.
It is hereby announced.
Tongyu Communication Inc(002792) board of directors April 28, 2002
