Securities code: 300720 securities abbreviation: Guangdong High Dream Intellectualized Machinery Co.Ltd(300720) Announcement No.: 2022-002
Guangdong High Dream Intellectualized Machinery Co.Ltd(300720)
Announcement on the progress of using idle self owned funds for national debt reverse repurchase
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.
Guangdong High Dream Intellectualized Machinery Co.Ltd(300720) (hereinafter referred to as “the company”) was called on April 26, 2021
The 13th meeting of the third board of directors, the 13th meeting of the third board of supervisors and May 20, 2021
The 2020 annual general meeting of shareholders considered and adopted the “on increasing the amount of self owned funds for cash management”
It is agreed that the amount of cash management by the company with its own funds shall not exceed RMB 300 million. Within the above limit, the funds can be used on a rolling basis, and the authorization period is from the deliberation and approval of the general meeting of shareholders of the company
From the date of this proposal to the convening date of the next annual general meeting of shareholders. For details, see the company’s announcement on April 27, 2021
And the announcement on the resolution of the 13th meeting of the third board of directors (Announcement No.: 2021-019) and the announcement on the resolution of the 13th meeting of the third board of supervisors published on cninfo.com on May 21, 2021
(Announcement No.: 2021-020), announcement on increasing the amount of self owned funds for cash management (Announcement No.: 2021-024) and announcement on resolutions of 2020 annual general meeting of shareholders (Announcement No.: 2021-036).
1、 Basic information on reverse repurchase of purchased treasury bonds
Investment purpose: in order to improve the efficiency of the company’s fund use, it is reasonable to invest without affecting the normal operation
Use its own phased idle funds for investment and financial management and reverse repurchase of national debt to increase capital income and provide financial support for the company
And shareholders to seek better return on investment.
The company used idle self owned funds to purchase the reverse return of treasury bonds of Shanghai Stock Exchange and Shenzhen Stock Exchange
As of the date of this announcement, the principal and income of the national debt reverse repurchase funds purchased by the company have been fully recovered,
The details are as follows:
Amount of purchased varieties Subscription Date maturity date annualized income amount
No. (10000 yuan) profit rate (10000 yuan)
1 91 days national debt 5000 October 13, 2021 January 11, 2022 2.405% 29.98
Reverse repurchase
Meanwhile, within the scope authorized by the above resolution, the company continues to invest in national debt reverse repurchase with idle self owned funds according to its business conditions. The specific matters are hereby announced as follows:
No. amount of purchased varieties Subscription Date maturity date annualized yield (10000 yuan)
1 7 days national debt reverse repurchase 5030 January 12, 2022 January 18, 2022 2 2.22%
2、 Investment income and risk and risk control measures
1. Investment income from reverse repurchase of treasury bonds
As the interest rate of national debt reverse repurchase is much higher than that of bank demand deposits in the same period, the investment of national debt reverse repurchase has obvious profitability.
2. Investment risk of national debt reverse repurchase
Market risk: the financial market is greatly affected by the macroeconomic environment. When the economic situation outside China changes, the corresponding market prices such as exchange rate and interest rate fluctuate, which may have a certain impact on the company’s treasury bond reverse repurchase investment business; Interest rate risk: at the time of initial transaction, the interest rate of national debt reverse repurchase investment business has been locked and the income has been determined. Therefore, the fluctuation of market interest rate between the maturity dates of reverse repurchase has no impact on the transactions that have occurred; Performance risk: the investment business of national debt reverse repurchase proposed by the company is a pledge type repurchase transaction in the form of standard bonds, and there is no performance risk.
3. Risk control measures
(1) The company invests in strict accordance with the requirements of regulations and systems such as Shenzhen Stock Exchange GEM Listing Rules and articles of association.
(2) The company will reasonably carry out national debt reverse repurchase investment within the authorized amount in combination with production and operation, fund use plan, etc., and ensure that the investment funds are idle self owned funds of the company.
(3) Independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and may hire professional institutions to audit when necessary.
(4) The board of directors of the company is responsible for timely performing the obligation of information disclosure in accordance with the relevant provisions of the CSRC and Shenzhen Stock Exchange.
3、 Impact on the daily operation of the company
1. Under the condition of ensuring the company’s normal production and operation capital demand, use idle self owned funds to carry out national debt reverse repurchase investment activities, further improve the use efficiency of the company’s own idle funds, improve the return on assets, increase the company’s income, optimize the asset structure, and seek more investment returns for the company’s shareholders.
2. At present, the national debt reverse repurchase products listed and traded in Shenzhen and Shanghai stock exchanges have the advantages of high security, short and flexible cycle and relatively high income. The company can not only realize high income, but also ensure that the funds required for the company’s daily production and operation activities will not be affected by participating in the investment at an appropriate time in combination with its own actual situation.
4、 Opinions of independent directors
On the premise that the capital security risk is controllable and the normal operation of the company is not affected, the company increases the use of its own funds for cash management, which is conducive to improving the efficiency of the use of funds and increasing income, which is in line with the interests of the company and shareholders. We agree that the company will use its own idle funds for investment and wealth management and reverse repurchase of treasury bonds.
It is hereby announced.
Guangdong High Dream Intellectualized Machinery Co.Ltd(300720) board of directors January 13, 2022
