Securities code: Rockontrol Technology Group Co.Ltd(688051) securities abbreviation: Rockontrol Technology Group Co.Ltd(688051) Announcement No.: 2022021 Rockontrol Technology Group Co.Ltd(688051)
Announcement on the use of some temporarily idle self owned funds for cash management
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Entrusted financial management trustee: a financial institution with good reputation, large scale, ability to ensure capital safety, good operating efficiency and strong capital operation ability.
Amount of this entrusted financial management: the company uses some temporarily idle self owned funds of no more than RMB 500 million (including this amount) for cash management without affecting the normal operation and ensuring the daily operation capital demand and capital safety.
Types of entrusted financial products: financial products or deposit products with high security, good liquidity and low and medium risks (including but not limited to agreement deposits, call deposits, time deposits, large certificates of deposit, income certificates, etc.).
Review procedures to be performed: on April 29, 2022, the company held the 30th meeting of the second board of directors and the 19th meeting of the second board of supervisors, and respectively considered and adopted the proposal on using some temporarily idle self owned funds for cash management.
1、 Overview of entrusted financial management
(I) purpose of entrusted financial management
Under the condition of ensuring the working capital required for the normal operation of the company, improve the utilization efficiency of funds, make rational use of idle funds and increase the income of the company.
(II) source of funds
The funds used by the company for entrusted financial management are part of the company's own funds temporarily idle.
(III) type of entrusted financial products and trustee
Entrusted financial products include financial products or deposit products with high security, good liquidity and low and medium risk (including but not limited to agreement deposits, structured deposits, agreement deposits, call deposits, time deposits, large certificates of deposit, income certificates, etc.). The company will strictly select partners with good reputation, large scale, ability to ensure capital safety and good operating efficiency Products with good liquidity and high security issued by banks and other financial institutions with strong capital operation ability.
(IV) amount and term of entrusted financial management
The maximum balance of the company's entrusted financial products in a single day shall not exceed 500 million yuan (including this amount). Within this limit, the funds can be used on a rolling basis, and the investment period of a single financial product shall not exceed 12 months.
(V) authorization matters
The term of this authorization is within 12 months from the date of deliberation and approval by the board of directors. The company plans to request the board of directors to authorize the general manager of the company to exercise investment decision-making power and sign relevant documents within the validity of the above quota and resolution. The specific matters shall be organized, implemented and followed up by the financial department of the company.
(VI) investment risk
Although the company plans to invest in products with high safety, good liquidity and low and medium risks, the financial market will be affected by the macro economy. It is not ruled out that the investment will be affected by market risk, policy risk, liquidity risk, force majeure risk and other risk factors, thus affecting the expected return.
(VII) safety and risk control measures
The company will conduct cash management according to the economic situation and changes in the financial market; The board of directors of the company authorizes the management of the company to exercise this decision-making power and sign relevant legal documents. The financial department of the company shall establish accounts to manage the purchased products, establish and improve accounting accounts, and do a good job in accounting the use of funds; Independent directors and the board of supervisors have the right to supervise and inspect the use of funds. The internal audit department of the company regularly evaluates the possible risks and benefits of various investments according to the principle of prudence.
2、 Impact on the company
The company uses idle self owned funds for cash management on the premise that it does not affect the normal operation of the company, ensures the liquidity and safety of funds, and effectively controls risks. The company's cash management will strictly comply with relevant laws and regulations to ensure that the investment of funds is legal and compliant.
The company's use of temporarily idle self owned funds for cash management will not affect the company's daily capital turnover needs and the normal development of the company's main business; At the same time, it is conducive to improve the efficiency of the company's capital use and increase the company's capital income, so as to seek more return on investment for the company and shareholders.
3、 Review procedure
The 30th meeting of the second board of directors and the 19th meeting of the second board of supervisors respectively deliberated and adopted the proposal on using some temporarily idle self owned funds for cash management, and agreed that the company would not affect the normal operation of the company, ensure the liquidity and safety of funds, and effectively control risks, Use temporarily idle self owned funds up to RMB 500 million (including this amount) for cash management, and purchase financial products or deposit products with high security, good liquidity and low and medium risk (including but not limited to agreement deposits, call deposits, time deposits, large certificates of deposit, income certificates, etc.).
The independent directors agreed that, on the premise of ensuring that the normal development of the company's main business is not affected and the demand for working capital and risk are controllable, the company uses no more than RMB 500 million (including this amount) to temporarily idle its own funds for cash management, which has high purchase safety, good liquidity Low risk financial products or deposit products (including but not limited to agreement deposits, call deposits, time deposits, large certificates of deposit, income certificates, etc.) are conducive to improving the efficiency of capital utilization, making rational use of idle funds and increasing the company's income. Therefore, the independent directors agree that the company will use some of its own funds temporarily idle for cash management.
It is hereby announced.
Rockontrol Technology Group Co.Ltd(688051) board of directors April 30, 2022
