Securities code: 688259 securities abbreviation: chuangyao technology Announcement No.: 2022-001 chuangyao (Suzhou) communication technology Co., Ltd
Announcement on the use of some temporarily idle raised 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 legal liabilities for the authenticity, accuracy and integrity of its contents according to law.
Chuangyao (Suzhou) communication technology Co., Ltd. (hereinafter referred to as “the company”) held the 17th meeting of the first board of directors and the 7th Meeting of the first board of supervisors on January 13, 2022, deliberated and adopted the proposal on cash management with some temporarily idle raised funds, and agreed that the company would not affect the implementation of investment projects with raised funds On the premise of ensuring the safety of the raised funds, the temporarily idle raised funds up to RMB 1.2 billion shall be used for cash management for the purchase of financial products with high investment safety and good liquidity. It shall be valid within 12 months from the date of deliberation and approval by the board of directors. Within the above quota and term, the company can use it circularly.
The board of directors of the company authorizes the management 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 and implemented by the Finance Department of the company.
1、 Basic information of raised funds
According to the reply on Approving the registration of the initial public offering of shares by chuangyao (Suzhou) communication technology Co., Ltd. (zjxk [2021] No. 3654) issued by China Securities Regulatory Commission, the company was approved to publicly issue 20 million RMB ordinary shares with a par value of RMB 1 per share and an issue price of RMB 66.60 per share, The total amount of raised funds is RMB 1332000000.00, after deducting various issuance expenses of RMB 112354936.73, the actual net amount of raised funds is RMB 1219645063.27.
All the raised funds were in place on January 7, 2022. Zhonghui Certified Public Accountants (special general partnership) verified the availability of funds on January 7, 2022 and issued the capital verification report (zhhyy [2022] No. 0008). The company has adopted a special account storage system for the raised funds. For details, see the company’s website at Shanghai Stock Exchange (www.sse. Com. CN.) The announcement on the listing of chuangyao (Suzhou) communication technology Co., Ltd. on the Kechuang board for initial public offering of shares disclosed.
2、 Investment projects with raised funds
According to the prospectus of chuangyao (Suzhou) communication technology Co., Ltd. for initial public offering and listing on the science and innovation board, the investment projects raised by the company’s initial public offering and the use plan of raised funds are as follows:
No. name of the investment project with raised funds the total investment of the project is proposed to be put into raising and filing
(10000 yuan) capital (10000 yuan)
Research and development of power Internet of things chip and application project of Suyuan bank audit system 1 8194.93 8194.93 [2020] 772
number
R & D and system application project of accessing SV transmission chip and forwarding chip Su Yuanxing approval 2 13179.44 13179.44 [2020] 774
number
Construction project of suyuanxing review 3 R & D center 12085.82 [2020] 773
number
Total 33460.19-
As the construction of the investment project with raised funds needs a certain period, in order to improve the use efficiency of funds, according to the use plan of the company’s raised funds, some of the company’s raised funds are temporarily idle.
3、 Basic information of cash management using some temporarily idle raised funds this time
(I) investment purpose
In order to improve the use efficiency of raised funds, make rational use of some temporarily idle raised funds, increase the company’s income and obtain more returns for the company and shareholders without affecting the construction and use of raised funds and the safety of raised funds.
(II) types of investment products
The company will strictly control risks in accordance with relevant regulations. It plans to use some temporarily idle raised funds to purchase financial products or deposit products (including but not limited to structural deposits, time deposits, large certificates of deposit, income certificates, etc.) with high safety, good liquidity and meeting the capital preservation requirements, and such cash management products shall not be used for pledge, Not for the purpose of securities investment.
(III) validity of the resolution
It shall be valid within 12 months from the date of deliberation and approval by the board of directors.
(IV) investment quota
The company plans to use the temporarily idle raised funds of no more than RMB 1.2 billion (including this amount) for cash management. Within the above quota and period, the funds can be used circularly and rolling, and will be returned to the special account for raised funds when due. (V) implementation mode
Within the limit and investment period, the general manager of the company is authorized to exercise the decision-making power of cash management investment, sign relevant contract documents and organize the implementation of matters related to cash management. The specific matters shall be implemented by the finance department.
(VI) information disclosure
The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of the CSRC and Shanghai Stock Exchange, and will not change the purpose of the raised funds in a disguised form.
(VII) distribution of cash management income
The income obtained from the company’s cash management belongs to the company, which will be used preferentially for the working capital required by the company’s daily operation, and will be managed and used in strict accordance with the requirements of the CSRC and Shanghai Stock Exchange on the regulatory measures for raised funds.
4、 Impact on the daily operation of the company
The company plans to use part of the temporarily idle raised funds for cash management on the premise of ensuring the funds required for the company’s raised investment projects and ensuring the safety of the raised funds, which will not affect the normal turnover needs of the company’s daily funds and the normal operation of the raised funds projects, nor the normal development of the company’s main business.
At the same time, the rational use of some temporarily idle raised funds for cash management will help to improve the use efficiency of raised funds, increase the company’s income and obtain more returns for the company and shareholders.
5、 Investment risk and risk control measures
(I) investment risk
Although the company chooses cash management products of low-risk investment varieties, the financial market is greatly affected by the macro economy. The company will intervene appropriately according to the economic situation and changes in the financial market, but it does not rule out that the investment is affected by market fluctuations.
(II) risk control measures
1. The company will handle relevant cash management business in strict accordance with relevant laws and regulations such as the Listing Rules of science and Innovation Board of Shanghai Stock Exchange, the articles of association and the measures for the management of raised funds.
2. The company will timely analyze and track the investment direction and progress of investment products, strengthen risk control and ensure capital safety. If adverse factors are found or judged, corresponding measures will be taken in time.
3. The internal audit department of the company is responsible for auditing and supervising the use and custody of funds in this cash management. 4. The company’s 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 relevant laws, regulations and normative documents.
6、 Description of special opinions
(I) opinions of independent directors
Independent directors believe that on the premise of ensuring the safety of raised funds, the company uses idle raised funds for cash management to purchase principal guaranteed financial products with high safety and good liquidity, The decision-making procedures for the above matters comply with the relevant provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies and the guidelines for the application of self regulatory rules for listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, which is conducive to improving the deposit income of idle raised funds, The company’s use of idle raised funds for cash management does not conflict with the implementation plan of raised funds investment projects, will not affect the construction of raised funds investment projects and the normal use of raised funds, is in line with the interests of the company and all shareholders, and does not damage the interests of the company and all shareholders, especially minority shareholders. In conclusion, the independent directors agree that the company uses some temporarily idle raised funds for cash management.
(II) opinions of the board of supervisors
The board of supervisors believes that: the company uses the temporarily idle raised funds for cash management to purchase principal guaranteed financial products with high safety and good liquidity. The decision-making procedures for the above matters comply with relevant regulations and are conducive to improving the deposit income of idle raised funds. The company’s use of idle raised funds for cash management does not conflict with the implementation plan of investment projects with raised funds, It will not affect the construction of investment projects with raised funds and the normal use of raised funds, which is in line with the interests of the company and all shareholders, and there is no situation that damages the interests of the company and all shareholders, especially minority shareholders. In conclusion, the board of supervisors agrees that the company will use the temporarily idle raised funds for cash management.
(III) opinions of the recommendation institution
After verification, the sponsor believes that the company’s use of some temporarily idle raised funds for cash management has been deliberated and approved by the board of directors and the board of supervisors of the company, the independent directors have expressed their explicit consent and fulfilled the necessary approval procedures; By investing in financial products with high safety and good liquidity, the company can improve the use efficiency of funds, does not involve changing the purpose of raised funds in disguise, does not affect the normal progress of the investment plan of raised funds, and complies with the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies Relevant provisions such as the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange, the guidelines for the application of self regulatory rules for companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, and the management measures for the use of raised funds of the company. The recommendation institution has no objection to the cash management of some temporarily idle raised funds used by the company this time.
10、 Online announcement attachment
(I) independent opinions of independent directors of chuangyao (Suzhou) communication technology Co., Ltd. on relevant proposals of the 17th meeting of the first board of directors;
(II) Haitong Securities Company Limited(600837) verification opinions on the current management of chuangyao (Suzhou) communication technology Co., Ltd. using some idle raised funds.
It is hereby announced.
Board of directors of chuangyao (Suzhou) communication technology Co., Ltd. January 13, 2022
