Securities code: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) securities abbreviation: ST lion Announcement No.: 2022046 Lion New Energy Technology (Henan) Co., Ltd
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.
Important content tips:
1. Investment varieties: in order to control risks, the investment varieties are financial products with high security, good liquidity and low risk issued by commercial banks and other financial institutions, and the term of a single investment product shall not exceed 12 months. 2. Investment quota: no more than 100 million yuan. Within the above quota, the funds can be recycled.
3. Special risk tip: the company’s investment in cash management is limited to financial products with high safety, good liquidity and low risk. However, the financial market is greatly affected by macro-economy, so it is not excluded that the investment is affected by market fluctuations. The company will make timely and appropriate investment according to the economic situation and changes in the financial market, and the actual income of the investment is unpredictable.
Mengshi new energy technology (Henan) Co., Ltd. (hereinafter referred to as “the company”) held the 60th meeting of the sixth board of directors on April 29, 2022, deliberated and adopted the proposal on using idle self owned funds for cash management, and agreed that the company (including subsidiaries within the scope of consolidated statements, the same below) use idle self owned funds of no more than RMB 100 million for cash management. The relevant information is hereby announced as follows:
1、 Basic information of cash management using idle self owned funds
1. Under the premise that the company’s idle funds are not used reasonably, it will increase the company’s operating efficiency.
2. Source of funds: idle self owned funds of the company
3. Investment quota: no more than 100 million yuan. Within the above quota, the funds can be recycled.
4. Investment method: in order to control risks, the investment varieties are financial products with high security, good liquidity and low risk issued by commercial banks and other financial institutions, and the term of a single investment product shall not exceed 12 months. 5. Investment period: from the date of deliberation and approval of the company’s 2021 annual general meeting to the date of holding the 2022 annual general meeting.
6. Implementation method: after being deliberated and approved by the general meeting of shareholders of the company, within the above validity period and limit, the chairman or executive director of the company and its subsidiaries are authorized to exercise investment decision-making power within the above limit. The legal representative or the authorized agent designated by the legal representative shall sign relevant contract documents, and the operation and management shall be responsible for organizing the implementation.
2、 Approval procedure
The proposal on using idle self owned funds for cash management has been deliberated and adopted at the 60th meeting of the 6th board of directors and the 34th meeting of the 6th board of supervisors. The independent directors of the company have expressed their consent, and this proposal must be submitted to the general meeting of shareholders of the company for deliberation. The board of directors of the company requests the general meeting of shareholders to authorize the chairman or executive director of the company and its subsidiaries to exercise investment decision-making power within the above limit. The legal representative or the authorized agent designated by the legal representative shall sign relevant contract documents, and the operation management shall be responsible for organizing the implementation.
3、 Investment risk and control measures
(I) investment risk
1. The company’s investment in cash management is limited to financial products with high safety, good liquidity and low risk. However, the financial market is greatly affected by the macro-economy, and the impact of market fluctuations on this investment is not excluded. 2. The company will make timely and appropriate investment according to the economic situation and changes in the financial market, and the actual income of the investment is unpredictable.
3. Human operation error risk.
(II) risk control measures
1. When the company conducts cash management, it will strictly select investment objects and select financial products with high safety, good liquidity, low risk and single investment period of no more than 12 months. The trustee institutions are commercial banks, securities companies, fund management companies and trust companies with good credit and financial conditions, no bad credit records and strong profitability.
2. After the deliberation and approval of the general meeting of shareholders of the company, the chairman or executive director of the company and its subsidiaries shall be authorized to exercise the investment decision-making power within the above limit, the legal representative or the authorized agent designated by the legal representative shall sign the relevant contract documents, the operation and management shall be responsible for organizing the implementation, and the finance and financing departments will timely analyze and track the progress. If the evaluation finds that there are risk factors that may affect the safety of funds, Corresponding measures will be taken in time to control investment risks.
3. The audit and supervision department of the company is responsible for internal supervision and regularly inspect and supervise the invested financial 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. Once adverse factors are found or judged, corresponding preservation measures will be taken in time to control investment risks.
4、 Purpose of investment and impact on the company
The company plans to use idle self owned funds for cash management on the premise of ensuring the funds required for normal production and operation, which will not affect the normal turnover of the company’s daily funds and adversely affect the normal development of the company’s main business. On the premise of ensuring the daily operation and capital safety of the company, it is in the interests of the company and all shareholders to use idle self owned funds for cash management, purchase financial products with high safety, good liquidity and low risk, make rational use of idle funds, improve capital use efficiency and increase investment income.
5、 Independent opinion
Under the condition of ensuring that the normal operation of the company is not affected, the company uses idle self owned funds of no more than RMB 100 million for cash management to purchase financial products with high safety, good liquidity, low risk and single investment period of no more than 12 months, which can effectively improve the use efficiency of self owned funds on the premise of risk control, will not have an adverse impact on the company’s business activities and help to increase the company’s income, There is no situation that damages the interests of the company and all shareholders, especially the minority shareholders. We agree that the company uses no more than RMB 100 million of idle self owned funds for cash management, and agree to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation. 6、 Opinions of the board of supervisors
Without affecting the company’s daily capital turnover and the normal operation of the company’s business, the company uses idle self owned funds for cash management, which can improve the efficiency of capital use and obtain certain investment income, without damaging the interests of the company and all shareholders. The decision-making and deliberation procedures of using idle self owned funds for cash management are legal and effective. The board of supervisors approved the company to use idle self owned funds of no more than RMB 100 million for cash management.
7、 Documents for future reference
1. Resolutions of the 60th meeting of the 6th board of directors of the company;
2. Resolutions of the 34th meeting of the 6th board of supervisors of the company;
3. Independent opinions of independent directors on relevant matters of the 60th meeting of the sixth board of directors.
It is hereby announced.
Board of directors of Mengshi new energy technology (Henan) Co., Ltd
April 29, 2002
