Securities code: 002821 securities abbreviation: Asymchem Laboratories (Tianjin) Co.Ltd(002821) Announcement No.: 2022-005 Asymchem Laboratories (Tianjin) Co.Ltd(002821) Pharmaceutical Group (Tianjin) Co., Ltd
Announcement on using idle self owned funds to purchase financial products
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Asymchem Laboratories (Tianjin) Co.Ltd(002821) Pharmaceutical Group (Tianjin) Co., Ltd. (hereinafter referred to as “the company”) held the 19th meeting of the 4th board of directors and the 16th meeting of the 4th board of supervisors on January 14, 2022, deliberated and adopted the proposal on using idle self owned funds to purchase financial products, and agreed that the company and its subsidiaries should use the working capital required for production and operation according to the plan, On the premise of ensuring normal operation, capital security and liquidity, use idle self owned funds of no more than RMB 1 million (or equivalent foreign currency) to purchase financial products with high security and good liquidity from financial institutions, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors, within the above service life and limit, The funds can be recycled and used on a rolling basis. The above amount is within the approval authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders of the company for deliberation. If there are other provisions in relevant laws and regulations or the Listing Rules of the place where the company’s shares are listed, such provisions shall prevail. Relevant matters are hereby announced as follows:
1、 Basic information of using idle self owned funds to purchase financial products
1. Investment purpose
Under the condition of ensuring the daily operation capital demand and not affecting the normal operation and development, the company can reasonably use idle self owned funds to purchase financial products, which can improve the use efficiency of self owned funds, increase capital income and obtain more returns for the company and shareholders.
2. Limit and term
The company and its subsidiaries intend to use idle self owned funds of no more than RMB 1 million (or equivalent foreign currency) to purchase financial products with high security and good liquidity, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors. Within the above limit, the funds can be recycled and used on a rolling basis.
3. Investment varieties
The company will strictly control risks in accordance with relevant regulations, strictly evaluate financial products, and select low-risk financial products of financial institutions with good liquidity, high security and investment period of no more than 12 months.
4. Investment decision and Implementation
After the above matters are reviewed and approved by the board of directors, the management of the company is authorized to exercise relevant investment decision-making power within the specified limit and sign relevant documents, and the financial person in charge of the company handles relevant matters specifically.
2、 Investment risk analysis, risk control measures and impact on the company
(I) investment risk
1. Although the investment product is a low-risk investment, the financial market is greatly affected by the macro-economy, and it is not excluded that the investment is affected by market fluctuations;
2. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of short-term investment is unpredictable;
3. Operation and monitoring risks of relevant staff.
(II) risk control measures
1. When purchasing financial products, the company will choose investment products with good liquidity and high security, and clarify the amount, term, investment variety, rights, obligations and legal liabilities of both parties;
2. The company will analyze and track the changes in the net value of products. If it is found that there are risk factors that may affect the safety of the company’s funds, the company will take corresponding measures in time to control the investment risk;
3. 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;
4. The internal audit department of the company shall supervise the use of funds on a daily basis.
(III) impact on the company
The company and its subsidiaries used idle self owned funds to purchase financial products with good liquidity and high security on the premise of ensuring the liquidity and capital security required by the company’s daily operation, which will not affect the normal turnover needs of the company’s daily capital and the normal development of the company’s main business. The reasonable and moderate purchase of low-risk financial products by the company and its subsidiaries can improve the efficiency of capital use and obtain certain investment income, which is conducive to further improve the overall performance level of the company and obtain more returns for the company and shareholders.
3、 Relevant review procedures
1. Deliberation opinions of the board of directors
The 19th meeting of the 4th board of directors of the company deliberated and adopted the proposal on using idle self owned funds to purchase financial products, and agreed that the company and its subsidiaries, based on the use plan of working capital required for production and operation, on the premise of ensuring normal operation, capital safety and liquidity, The use of idle self owned funds of no more than RMB 1 million (or equivalent foreign currency) to purchase financial products with good liquidity and high security of financial institutions shall not exceed 12 months from the date of deliberation and approval by the board of directors. Within the above use period and limit, the funds can be recycled and rolled.
2. Deliberation opinions of independent directors
On the premise of not affecting the normal development of main business and ensuring the demand for working capital and capital safety, the company and its subsidiaries use idle self owned funds to purchase financial products, which is conducive to improving the efficiency of capital use and increasing the company’s income, and there is no damage to the interests of the company and shareholders; The deliberation and decision-making procedures for the purchase of financial products with idle self owned funds comply with the provisions of relevant laws and regulations. We agree that the company and its subsidiaries use idle self owned funds of no more than RMB 1 million (or equivalent foreign currency) to purchase financial products.
3. Review opinions of the board of supervisors
The company’s use of its own funds for investment and financial management this time can improve the use efficiency and income of the company’s funds, will not affect the normal development of the company’s main business, and will not damage the interests of the company and minority shareholders. The decision-making and review procedures for this matter are legal and compliant. Therefore, we agree that the company will use idle self owned funds of no more than RMB 1 million (or equivalent foreign currency) to purchase financial products
4、 Documents for future reference
1. Resolutions of the 19th meeting of the 4th board of directors;
2. Independent opinions of independent directors on matters related to the 19th meeting of the Fourth Board of directors;
3. Resolution of the 16th meeting of the 4th board of supervisors.
Asymchem Laboratories (Tianjin) Co.Ltd(002821) board of directors of Pharmaceutical Group (Tianjin) Co., Ltd
January 15, 2002
