Securities code: 000729 securities abbreviation: Beijing Yanjing Brewery Co.Ltd(000729) Announcement No.: 2022-03 Beijing Yanjing Brewery Co.Ltd(000729)
Announcement on using self owned funds to invest in structured deposits
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records
Contains, misleading statements or material omissions.
Important content tips:
1. Investment type: structured deposits of state-controlled banks.
2. Investment amount: the temporarily idle self owned funds of no more than RMB 1.5 billion shall be used on a rolling basis during the investment period.
3. Special risk tip: the company will invest in structural deposits in a timely and appropriate amount according to the economic situation and changes in the financial market, but it still does not rule out that the income of this investment is affected by market fluctuations and changes in macro financial policies.
1、 Overview of investment
(I) investment purpose
Using the company's own funds temporarily idle to invest in structural deposits is conducive to further improve the efficiency of fund use, with low investment risk, will not affect the development of the company's main business, and the company's fund use arrangement is reasonable. (II) total investment amount
No more than RMB 1.5 billion, which can be used on a rolling basis during the investment period. The transaction amount at any time point during the investment period (including the relevant amount of reinvestment of the income of the above investment) shall not exceed the investment amount.
(III) investment varieties
Structural deposits of state-controlled banks.
(IV) investment period
It shall be valid for one year from the date of deliberation and approval by the board of directors.
(V) source of funds
The company's own funds temporarily idle.
(V) implementation mode
The board of directors of the company authorizes the management to exercise the decision-making power to purchase structural deposits of state-controlled banks within the limit and sign relevant contract documents. The chief accountant of the company is responsible for organizing the implementation and the specific operation of the financial department of the company. 2、 Review procedure
(I) approval procedures to be performed
The company held the 11th meeting of the 8th board of directors and the 8th meeting of the 8th board of supervisors on January 14, 2022, deliberated and adopted the proposal on using self owned funds to invest in structured deposits, the independent directors conducted prior review, and the independent directors and the board of supervisors issued special opinions agreed. The decision-making procedures for using self owned funds to invest in structured deposits this time comply with relevant regulations
(II) this investment does not need to be submitted to the general meeting of shareholders for deliberation.
(III) the company's investment in structured deposits does not constitute a related party transaction.
3、 Investment risk analysis and risk control measures
(I) existing risks
The company will invest an appropriate amount of structured deposits in due time according to the economic situation and changes in the financial market, but it still does not rule out that the income of this investment is affected by market fluctuations and changes in macro financial policies.
(II) risk control measures
The company has established a relatively sound internal control system. On the premise of ensuring daily operation and capital safety and strictly controlling risks, the use of temporarily idle self owned funds to invest in structural deposits will not affect the normal needs of the company's daily capital turnover and the normal development of the company's main business.
1. The company will timely analyze and track the investment varieties. Once adverse factors are found or judged, the company will timely take corresponding preservation measures to control investment risks;
2. The Audit Department of the company is responsible for auditing and supervising the use and custody of investment varieties, comprehensively inspecting investment varieties at the end of each quarter and reporting to the Audit Committee;
3. The independent directors and the board of supervisors have the right to supervise and inspect the operation of the above self owned funds to purchase structured deposits, and can hire professional institutions to audit when necessary.
4、 Impact of investment on the company
Through appropriate and timely cash management of temporarily idle self owned funds, the company can improve the use efficiency of self owned funds and obtain certain investment income. The expected rate of return is not lower than the benchmark deposit interest rate for the same period stipulated by the central bank, which is in line with the interests of the company and all shareholders.
According to the provisions of the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, the company classifies the structural deposit as a financial asset measured at fair value and the changes of which are included in the current profit and loss according to the business model of managing financial assets and the contractual cash flow characteristics of financial assets at the time of initial recognition, and presents it in the item of trading financial assets in the balance sheet, The income is included in the investment income item of the income statement.
The above investment will not have a great impact on the company's future main business, financial status, operating results and cash flow.
5、 Opinions of independent directors and the board of supervisors
(I) opinions of independent directors
The independent directors believe that: under the condition of ensuring that the company's normal production and operation activities and investment needs are not affected, the company uses some temporarily idle self owned funds to invest in bank structured deposits, which is conducive to improving the use efficiency of funds and increasing the company's investment income, which is in line with the interests of the company and all shareholders, and does not harm the company and all shareholders, Especially the interests of minority shareholders. The company's operation and financial status are sound, the internal control system is sound, the internal control measures are perfect, the safety of investment structured deposits can be guaranteed, and the relevant approval procedures comply with the relevant provisions of laws, regulations and the articles of association. We agree that the company shall use its own funds with a total amount of no more than RMB 1.5 billion to invest in structured deposits, and the service life shall not exceed one year from the date of deliberation and approval at the 11th meeting of the 8th board of directors.
(II) opinions of the board of supervisors
The board of supervisors believes that the company's use of its own funds to invest in structured deposits will help the company make full use of its temporarily idle own funds and further improve the efficiency of fund use. The company has established a relatively sound internal control system. On the premise of ensuring daily operation and capital safety, the use of temporarily idle self owned funds to invest in structural deposits of state-controlled banks will not affect the normal needs of the company's daily capital turnover, the normal development of the company's main business, and will not damage the company and all shareholders, Especially for the interests of minority shareholders, the relevant approval procedures comply with the provisions of laws and regulations and the articles of association. Therefore, the board of supervisors agreed that the company should use its own funds with a total amount of no more than RMB 1.5 billion to invest in structured deposits.
6、 Documents for future reference
(I) resolutions and announcements of the 11th meeting of the 8th board of directors of the company; (II) resolutions of the 8th meeting of the 8th board of supervisors of the company; (III) the company's internal control system for investment; (IV) opinions of independent directors; (V) other documents required by SZSE. It is hereby announced.
Beijing Yanjing Brewery Co.Ltd(000729) board of directors January 14, 2002
