Securities code: Tibet Gaozheng Explosive Co.Ltd(002827) securities abbreviation: Tibet Gaozheng Explosive Co.Ltd(002827) Announcement No.: 2022030 Tibet Gaozheng Explosive Co.Ltd(002827)
Announcement on using some idle self owned funds to purchase short-term financial products
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.
Important content tips:
1. Investment type and term: the funds entrusted by the company for financial management are mainly used to buy financial products with high safety, good liquidity and controllable risk sold by financial institutions. The term is mainly short-term, and the longest is no more than one year.
2. Investment amount: it is proposed to use idle self owned funds of no more than 200 million yuan.
3. Special risk warning: the financial market is greatly affected by the macroeconomic environment. The investment of financial projects does not rule out the possibility of affecting the expected return due to market risk, policy risk, liquidity risk, force majeure risk and other risk factors.
Tibet Gaozheng Explosive Co.Ltd(002827) (hereinafter referred to as "the company"), the seventh meeting of the third board of directors and the seventh meeting of the third board of supervisors deliberated and adopted the proposal on using some idle own funds to purchase short-term financial products. The relevant matters are hereby announced as follows:
1、 Overview of purchasing short-term principal guaranteed financial products
1. Basic information
In order to make rational use of idle self owned funds, improve the use efficiency of funds, increase the company's income and maintain and increase the value of funds without affecting the daily operation capital demand and capital safety, the company and its subsidiaries intend to use idle self owned funds with an amount of no more than 200 million yuan to buy bank financial products with high safety and good liquidity and short-term financial products of financial institutions other than commercial banks. The investment period is 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above quota and term, the funds can be used on a rolling basis, and the transaction amount (including the relevant amount of reinvestment of the income of the above investment) at any point in the term shall not exceed RMB 200 million.
2. Approval procedure
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the articles of association, this matter must be submitted to the general meeting of shareholders for deliberation and approval. At the same time, authorize the chairman of the company or the person authorized by the chairman to sign relevant legal documents and the management of the company to implement relevant matters.
3. This investment does not constitute a connected transaction, nor does it belong to the major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Investment risk and risk control measures
1. Investment risk
The financial market is greatly affected by the macro-economy. The company will purchase in due time and in appropriate amount according to the economic situation and changes in the financial market.
2. For investment risks, the proposed measures are as follows:
(1) The Finance Department of the company shall timely analyze and track the investment direction and project progress of short-term financial products. Once adverse factors are found or judged, corresponding preservation measures shall be taken in time to control the investment risk. In case of major adverse factors such as the deterioration of the financial situation of the product issuer and the loss of the invested products, the company will disclose them in time;
(2) The Audit Department of the company is responsible for auditing and supervising the use and custody of low-risk investment and wealth management funds; (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 company will disclose the investment of bank financial products and financial products of other financial institutions other than commercial banks and the corresponding profits and losses during the reporting period in the regular report.
3、 Impact on the company
According to the relevant requirements of the accounting policy accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments, the company uses its own funds to invest in financial products with high safety and good liquidity, which is conducive to improving the company's capital use efficiency and capital income level, enhancing the company's profitability, and will not affect the company's normal production and operation and the development of its main business.
4、 Opinions of independent directors
The company used its own funds to purchase financial products, fulfilled the corresponding approval procedures, and complied with relevant laws and regulations, Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 1 - standardized operation of listed companies on the main board, the articles of association and other relevant systems and regulations. At present, the company is in good operating condition and stable financial condition. On the premise of ensuring the normal operation capital demand and capital safety of the company, using some idle self owned funds to invest in financial products is conducive to improving the use efficiency of the company's self owned funds and improving the profitability of the company, which will not affect the normal development of the company's main business, nor will it damage the interests of the company and all shareholders, especially small and medium-sized shareholders It is agreed that the company and its subsidiaries use their own funds with a limit of no more than 200 million yuan to purchase financial products, and the investment period is no more than 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above limit and period, the funds can be used on a rolling basis, and the transaction amount at any point in the period (including the relevant amount of reinvestment of the income of the above investment) does not exceed 200 million yuan.
5、 Opinions of the board of supervisors
The board of supervisors believes that on the premise of ensuring the capital demand and capital safety of the company's normal operation, the company's use of some of its own funds to invest in bank financial products and financial products of financial institutions other than commercial banks is conducive to improving the efficiency of the company's own funds and the company's profitability, will not affect the normal development of the company's main business, and will not damage the company and all shareholders, Especially the interests of minority shareholders. It is agreed that the company and its subsidiaries use their own funds with a limit of no more than 200 million yuan to purchase bank financial products and financial products of other financial institutions other than commercial banks. The investment period is 12 months from the date of deliberation and approval by the general meeting of shareholders. Within the above quota and period, the funds can be used on a rolling basis.
6、 Documents for future reference
1. Resolutions of the seventh meeting of the third board of directors of the company;
2. Resolutions of the seventh meeting of the third board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the seventh meeting of the third board of directors;
It is hereby announced.
Tibet Gaozheng Explosive Co.Ltd(002827) board of directors may 24, 2022
