New East New Materials Co.Ltd(603110)
On using some idle raised funds for cash management and redemption at maturity
And continue the announcement of 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.
Important content tips:
Entrusted financial management trustee: Shanghai Pudong Development Bank Co.Ltd(600000) Taizhou Branch
Amount of entrusted financial management: 50 million yuan
Name of entrusted financial product: Lido company's stable profit 22jg3034 (3-month early bird payment) RMB corporate structured deposit
Term of entrusted financial management: 3 months and 1 day (January 17, 2022 - April 18, 2022). Review procedure: this time, some temporarily idle raised funds are used for cash management, which was reviewed and adopted at the 7th Meeting of the Fourth Board of directors of the company.
1、 Previous use of some idle raised funds for cash management and redemption at maturity
On October 11, 2021, New Oriental new materials (Tengzhou) Co., Ltd., a wholly-owned subsidiary of the company, and
Shanghai Pudong Development Bank Co.Ltd(600000) Taizhou Huangyan sub branch (hereinafter referred to as " Shanghai Pudong Development Bank Co.Ltd(600000) ") signed the contract for corporate structured deposit products and purchased Shanghai Pudong Development Bank Co.Ltd(600000) structured deposit financial products with the temporarily idle raised funds of 50 million yuan. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. Cn.) on October 12, 2021 Announcement on using some idle raised funds for cash management, redemption at maturity and continuing cash management (2021-058). The financial product was redeemed on January 13, 2022. The details are as follows:
Trustee's product amount expected annual redemption amount redemption amount interest name (RMB 10000) income type interest collection date (RMB 10000) (RMB 10000) rate
Shanghai Pudong Development 1.40% or
China Development Bank Co., Ltd. factoring 5000 floating 3.20% or 01 5000 40 in 2022
Taicai product revenue type Co., Ltd. 3.40% March 13
Changzhou Huangyan sub branch
2、 Overview of entrusted financial management
(I) purpose of entrusted financial management
Make rational use of idle raised funds, improve the use efficiency of idle raised funds, appropriately increase income, and obtain more returns for listed companies and shareholders.
(II) source of funds
The source of funds is raised funds. Approved by the reply on approving New East New Materials Co.Ltd(603110) initial public offering of shares (zjxk [2017] No. 1687) of China Securities Regulatory Commission, the company publicly issued 25666700 RMB common shares (A shares) to the public, with a par value of RMB 1.00 per share, an issue price of RMB 13.04 per share and a total raised capital of RMB 334693768.00, After deducting the total issuance expenses of 47335849.04 yuan, the net amount of raised funds is 287357918.96 yuan.
(III) basic information of entrusted financial products
Product amount expected annualized expected income trustee name product type name (10000 yuan) yield amount
(10000 yuan)
Shanghai Pudong Development Bank financial management 1.4% or 3.2%
Bank Co., Ltd. product unit structured deposit 5000 or 3.4%/
Company Taizhou Branch
Product term return type structured reference annualized expected return whether it constitutes an arranged rate of return (if any) related party transaction
3 months and 1 day breakeven floating / / no
Income type
(IV) the company's internal control over risks related to entrusted financial management
1. The funds within the quota only purchase low-risk guaranteed income financial products with high security and good liquidity that are no more than 12 months, and clarify the amount, term, investment variety, rights, obligations and legal liabilities of both parties.
2. The company will analyze and track the net value change of the product in real time. If the assessment finds that there are risk factors that may affect the company's capital safety, the company will take corresponding measures in time to control the investment risk.
3. The internal audit department shall supervise the use and custody of financial funds on a daily basis and audit and verify the use of funds from time to time.
4. Independent directors will inspect the use of financial funds. Based on the verification of the company's internal audit department, the independent directors shall be mainly verified by the audit committee of the board of directors.
5. The board of supervisors and the recommendation institution of the company will supervise and inspect the use of financial funds.
6. The company will disclose investment products and related information during the reporting period in accordance with the relevant provisions of Shanghai Stock Exchange
Profit and loss.
3、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
New Oriental new materials (Tengzhou) Co., Ltd., a wholly-owned subsidiary of the company, has a relationship with Shanghai Pudong Development Bank Co., Ltd
Taizhou Branch of the company has signed the contract for corporate structured deposit products, as follows:
1) Product Name: Lido company Wenli 22jg3034 (3-month early bird payment) RMB public settlement
Structured deposit
2) Entrusted financial management amount: 50 million yuan
3) Value date: January 17, 2022
4) Maturity date: April 18, 2022
5) Estimated annualized rate of return: 1.4% or 3.2% or 3.4%
6) Payment method: direct deduction according to the contract
7) Contract signing date: January 14, 2022
8) Whether performance security is required: no
9) Financial management fee: None
The financial product has low risk, meets the requirements of high safety and good liquidity, and does not exist
The behavior of changing the purpose of the raised funds in a disguised form will not affect the normal progress of the raised investment project.
(II) risk control analysis
The financial products purchased this time are low-risk Principal Guaranteed bank financial products, and the trustee is a large state-owned commercial bank
Banking industry, a listed financial institution. The company believes that the risk is low and it is suitable to use the temporarily idle raised funds
Investment.
4、 Information of entrusted financial management trustee
(I) basic information of the trustee
Whether the major shareholder of the established legal registered capital is the name and time representative (10000 yuan), the main business and the actual controller of this delivery are easy to set up
Absorbing public deposits; Issue short-term and medium-term
Shanghai Pudong and long-term loans; Handle settlement; Ticket handling Shanghai Guocheng
Development Bank, 1992; Issuing financial bonds; Asset supervision on behalf of Barber
Co., Ltd. Zheng Yang 2935208.0397 bank, agent cashing and underwriting government bonds; Supervise the management committee whether the company buys and sells government bonds on October 19; Interbank borrowing; Provider meeting
Letter of credit service and guarantee; Agent collection and payment
And agency insurance business; Provide safe deposit box
Service. Foreign exchange deposits; Foreign exchange loans; Outside
Remittance; Foreign currency exchange; International settlement;
Interbank foreign exchange borrowing; Commitment of foreign exchange instruments
Exchange and discount; Foreign exchange borrowings; Foreign exchange guarantee;
Settlement and sale of foreign exchange; Trading and agency trading of shares
Foreign currency securities other than notes; Self operated external
Foreign exchange trading; Foreign exchange trading on behalf of customers; Credit adjustment
Check, consult and witness business; offshore bank
Business. Approved by the people's Bank of China
Other business. [items subject to approval by law
The project can be carried out only after being approved by relevant departments
Business activities]
(II) description of association relationship
Shanghai Pudong Development Bank Co.Ltd(600000) has no property rights, business, assets, creditor's rights and debts, personnel and other related relationships with the company, the company's controlling shareholders and their persons acting in concert and actual controllers.
(III) due diligence of the board of directors
The board of directors of the company believes that the trustee Shanghai Pudong Development Bank Co.Ltd(600000) of this financial management is a listed financial institution and a large state-owned joint-stock commercial bank with sufficient funds, good credit and strong transaction performance ability.
5、 Impact on the company
The financial status of the company in the latest year and the next period is as follows:
Unit: RMB
December 31, 2020 September 30, 2021
Total assets 782978633.44 816633566.79
Net assets attributable to shareholders of listed companies 627907929.53 688199857.19
Net cash flow from operating activities 77838470.53 6639834.97
The company does not purchase large financial products while bearing large liabilities. The company will adhere to the principles of standardized operation, value preservation and appreciation, prudent investment and risk prevention, and use some idle raised funds for cash management under the condition of ensuring the normal operation of the company and the construction progress of raised funds investment projects, which will not affect the normal development of the company's main business and the construction of raised funds investment projects, and can improve the efficiency of fund use, Appropriately increasing income and reducing financial expenses are conducive to improving the company's financial income and obtaining more returns for the company and shareholders.
As of September 3, 2021
