Stock Code: 002724 stock abbreviation: Ocean'S King Lighting Science & Technology Co.Ltd(002724) Announcement No.: 2022-009
Ocean'S King Lighting Science & Technology Co.Ltd(002724)
Announcement on the progress of 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 falsehood
False records, misleading statements or material omissions.
Ocean'S King Lighting Science & Technology Co.Ltd(002724) (hereinafter referred to as "the company") was called on April 14, 2021
The third meeting of the Fifth Board of directors and the third meeting of the Fifth Board of supervisors were held on May 13, 2021
Held the 2020 annual general meeting of shareholders, reviewed and adopted the regulations on cash management with self owned idle funds
The proposal agrees that the company shall use idle self owned funds of no more than RMB 1.5 billion for cash management and purchase
Buy products with short-term (no more than one year), high security and good liquidity that can ensure the safety of principal, and the validity period is from
It shall be valid within one year from the date of deliberation and approval by the general meeting of shareholders. Within the above limit and validity period, the funds can be rolled
And the total amount of cash management products purchased by the company at any time point shall not exceed the above limit. The board of directors, the board of supervisors, independent directors and the recommendation institution of the company have expressed their explicit consent to the above proposals. See details for details
See the company published on cninfo.com on April 16, 2021 and May 14, 2021
（www.cn.info.com.cn.） Relevant announcements.
Recently, Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) ship venue Lighting Technology Co., Ltd. (hereinafter referred to as
" Ocean'S King Lighting Science & Technology Co.Ltd(002724) ship venue company"), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) petroleum Lighting Technology Co., Ltd. (hereinafter referred to as "Haiyang"
Yangwang petroleum Lighting Co., Ltd.), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) power grid Lighting Technology Co., Ltd. (hereinafter referred to as "ocean lighting")
Wang power grid Lighting Co., Ltd.), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) Green Lighting Technology Co., Ltd. (hereinafter referred to as " Ocean'S King Lighting Science & Technology Co.Ltd(002724) "
Green Lighting Co., Ltd.), Shenzhen Ocean'S King Lighting Science & Technology Co.Ltd(002724) railway Lighting Technology Co., Ltd. (hereinafter referred to as " Ocean'S King Lighting Science & Technology Co.Ltd(002724) railway Lighting Technology Co., Ltd
Road Lighting Co., Ltd.) uses idle self owned funds totaling 50 million yuan for cash management within the authorized amount. The details are as follows:
1、 Basic information of cash management using idle self owned funds this time
amount of money
Name of entrusted products and expected annualized entrusting party of products (10000 value date and maturity date)
Product code type yield (yuan)
Bank Of Communications Co.Ltd(601328) Yuntong
Fixed term breakeven of wealth
Ocean'S King Lighting Science & Technology Co.Ltd(002724)
Transportation structured deposit 188 floating
1 ship yard 500 2022-01-13 2022-07-20 2.05% - 3.45% bank days (gold linked income)
Museum company
Bullish type
two billion six hundred and ninety-nine million two hundred and twenty thousand two hundred and forty-nine
Bank Of Communications Co.Ltd(601328) Yuntong
Fixed term breakeven of wealth
Ocean'S King Lighting Science & Technology Co.Ltd(002724)
Transportation structured deposit 188 floating
2. Petroleum 1000 2022-01-13 2022-07-20 2.05% - 3.45% bank days (gold linked income)
Ming Company
Bullish type
two billion six hundred and ninety-nine million two hundred and twenty thousand two hundred and forty-nine
Bank Of Communications Co.Ltd(601328) Yuntong
Fixed term breakeven of wealth
Ocean'S King Lighting Science & Technology Co.Ltd(002724)
Transportation structured deposit 188 floating
3. According to 2000 2022-01-13 2022-07-20, 2.05% - 3.45% bank days (gold linked income)
Ming Company
Bullish type
two billion six hundred and ninety-nine million two hundred and twenty thousand two hundred and forty-nine
Bank Of Communications Co.Ltd(601328) Yuntong
Fixed term breakeven of wealth
Ocean'S King Lighting Science & Technology Co.Ltd(002724)
Transportation structured deposit 188 floating
4 green photo 500 2022-01-13 2022-07-20 2.05% - 3.45% bank days (gold linked income)
Ming Company
Bullish type
two billion six hundred and ninety-nine million two hundred and twenty thousand two hundred and forty-nine
Bank Of Communications Co.Ltd(601328) Yuntong
Break even
Ocean'S King Lighting Science & Technology Co.Ltd(002724) wealth periodic settlement
Traffic floating
5 railway structured deposit 188 1000 2022-01-13 2022-07-20 2.05% - 3.45% bank income
Mingtian company (gold hook)
type
Bullish)
two billion six hundred and ninety-nine million two hundred and twenty thousand two hundred and forty-nine
The company has no relationship with the above trustees
2、 Risks of cash management and risk control measures
1. Investment risk
(I) policy risk
This product is designed according to current relevant regulations and policies. For example, changes in national macro policies and relevant market regulations and policies may affect the normal process of product acceptance, investment and repayment.
(II) market risk
During the existence of this product, it may involve interest rate risk, exchange rate corresponding to the linked object, commodities and other market risks, resulting in fluctuations in the actual income of structured deposits.
(III) credit risk
Bank Of Communications Co.Ltd(601328) the occurrence of credit risk, such as being revoked or applied for bankruptcy according to law, will have an impact on the subscription funds and income of this structured deposit product.
(IV) liquidity risk
During the duration of the product, investors have no right to terminate in advance. If investors have liquidity demand, they may face liquidity risk that the product cannot be realized at any time and the holding period does not match the capital demand date.
(V) risk of early termination of products
During the term of the product, if the bank terminates the product in advance, the investor may face the risk of failing to obtain the expected return according to the expected product holding period (if any).
(VI) risk of product failure
Before the establishment date of the product, if the national macro policy and relevant market regulations and policies change, or the market fluctuates violently, and the bank reasonably judges that it is difficult to provide the product to investors in accordance with the structured deposit agreement, the bank has the right to decide whether the product is not established.
(VII) information transmission risk
Investors need to log in to the bank portal or inquire at the bank's business outlets to understand the product related information announcement. Investors shall timely query the relevant information of the product according to the announcement method specified in the product agreement. If the investor fails to inquire in time, or due to the influence of force majeure and / or accidents, the investor cannot understand the product information in time and affect the investor's investment decision, the resulting responsibilities and risks shall be borne by the investor. Unless otherwise agreed by both parties in the supplementary agreement / supplementary terms. The foregoing agreement does not exempt the bank from the liability legally borne by the bank due to the bank's fault.
(VIII) risk of force majeure and accidents
Due to force majeure and / or changes in national policies, it system failure, communication system failure, power system failure, financial crisis, suspension of trading in the investment market and other reasons beyond the control of the bank, it may affect the product establishment, investment operation, capital return, information disclosure and announcement of the product, which may reduce the product income and even cause losses to the product. The investor shall bear the losses caused by the risk of force majeure and accidents, and the bank shall not be liable for this, unless otherwise agreed by both parties in the supplementary agreement / supplementary terms. The foregoing agreement does not exempt the bank from the liability legally borne by the bank due to the bank's fault. If the bank is unable to continue to perform the product agreement due to force majeure and / or accidents, the bank has the right to terminate the product agreement in advance and transfer the remaining investor product funds after force majeure and / or accidents to the settlement account designated by the investor.
(IX) investment results under the most unfavorable investment situation
If the product is established and the bank successfully deducts the investor's subscription principal, the bank shall provide the investor with full guarantee of the principal and pay the due income to the investor in accordance with the relevant provisions of the product agreement.
When the linked object fails to meet the conditions for obtaining a higher expected rate of return as defined in the product manual on the exchange rate observation date during the duration of the current product, the customer can get back all the product subscription funds and obtain the income calculated at a low rate of return as agreed in the product manual (see the special page of the product manual for the income calculation formula).
2. Risk control measures
(1) Within the limit, the board of directors of the company authorizes the general managers of the company and its subsidiaries to exercise the investment decision-making power and sign relevant contracts. The chief financial officer of the company is responsible for organizing the implementation. The relevant personnel of the company's financial department will timely analyze and continuously track the specific investment direction of cash management products and project progress. If the assessment 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 investment risks;
(2) The company's internal audit department is responsible for internal supervision over the use and custody of funds of cash management products, and conduct a comprehensive inspection on all investment projects of cash management products at the end of each fiscal year;
(3) The independent directors and the board of supervisors of the company shall supervise and inspect the use of funds, and may hire professional institutions to audit when necessary;
(4) The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
The company's cash management with its own funds is implemented on the premise of ensuring the company's daily operation and capital safety, which will not affect the needs of the company's daily capital turnover and the normal development of the company's main business. By purchasing products with short-term (no more than one year), high security and good liquidity that can ensure the safety of principal, we can improve the efficiency of capital use, obtain good investment return, further improve the overall performance level of the company and fully protect the interests of shareholders.
3、 The company's use of idle self owned funds for cash management within 12 months before the announcement date
As of the date of this announcement, the company has used idle self owned funds for cash management in the first 12 months, and the outstanding balance is RMB 416 million (including this time), which does not exceed the authorized amount of cash management using idle self owned funds considered by the board of directors of the company.
4、 Documents for future reference
1. Product description, risk disclosure statement and banking business receipt;
2. Other documents required by Shenzhen Stock Exchange.
It is hereby announced
Ocean'S King Lighting Science & Technology Co.Ltd(002724) board of directors January 14, 2022
