Chang Lan Electric Technology Co.Ltd(002879) : Announcement on the progress of cash management with temporarily idle raised funds

Securities code: 002879 securities abbreviation: Chang Lan Electric Technology Co.Ltd(002879) Announcement No.: 2022-003 Chang Lan Electric Technology Co.Ltd(002879)

Announcement on the progress of cash management with temporarily idle raised funds

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.

Chang Lan Electric Technology Co.Ltd(002879) (hereinafter referred to as "the company") deliberated and adopted the proposal on cash management with temporarily idle raised funds at the second meeting of the Fourth Board of directors, the second meeting of the Fourth Board of supervisors and the 2020 annual general meeting of shareholders held on April 9, 2021, It is agreed that the company will use the idle raised funds of no more than RMB 400 million for cash management to purchase low-risk financial products with high security, meeting the principal guarantee requirements, the product issuer can provide principal guarantee commitments and good liquidity. The above amount can be recycled and used within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. The announcement on cash management with temporarily idle raised funds was published in the securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN) on March 16, 2021 Come on.

According to the above resolution, the company recently purchased financial products with idle raised funds of 280 million yuan, as follows:

1、 Basic information of principal guaranteed financial products purchased this time

(1) On January 7, 2022, the company purchased financial products with Bank Of China Limited(601988) Hunan Xiangjiang New Area Branch. The details are as follows:

1. Product Name: linked structured deposit

2. Product Code: csdvy202211451

3. Product type: principal guaranteed minimum return type

4. Start date: January 10, 2022

5. Maturity date: March 31, 2022

6. Expected annualized rate of return: 1.5% or 3.3953%

7. Investment amount: 70 million yuan

8. Source of funds: idle raised funds

(2) On January 10, 2022, the company purchased financial products with Bank Of China Limited(601988) Hunan Xiangjiang New Area Branch. The details are as follows:

1. Product Name: linked structured deposit

2. Product Code: csdvy202211518

3. Product type: principal guaranteed minimum return type

4. Start date: January 12, 2022

5. Maturity date: March 31, 2022

6. Expected annualized rate of return: 1.5% or 3.3941%

7. Investment amount: 70 million yuan

8. Source of funds: idle raised funds

(3) On January 11, 2022, the company purchased financial products with Bank Of China Limited(601988) Hunan Xiangjiang New Area Branch. The details are as follows:

1. Product Name: linked structured deposit

2. Product Code: csdvy202211660

3. Product type: principal guaranteed minimum return type

4. Start date: January 13, 2022

5. Maturity date: March 31, 2022

6. Expected annualized rate of return: 1.5% or 3.3835%

7. Investment amount: 70 million yuan

8. Source of funds: idle raised funds

(4) On January 12, 2022, the company purchased financial products with Bank Of China Limited(601988) Hunan Xiangjiang New Area Branch. The details are as follows:

1. Product Name: linked structured deposit

2. Product Code: csdvy202211724

3. Product type: principal guaranteed minimum return type

4. Start date: January 14, 2022

5. Maturity date: March 31, 2022

6. Expected annualized rate of return: 1.5% or 3.3824%

7. Investment amount: 70 million yuan

8. Source of funds: idle raised funds

2、 Association description

The company has no relationship with Bank Of China Limited(601988) Hunan Xiangjiang New Area Branch.

3、 Approval procedures to be performed

The proposal on cash management with temporarily idle raised funds has been deliberated and adopted by the second meeting of the Fourth Board of directors, the second meeting of the Fourth Board of supervisors and the 2020 general meeting of shareholders. The amount of cash management is within the approved amount and does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation. 4、 Risks and control measures

1. Investment risk

(1) Cash management products are mainly affected by changes in macro policies such as monetary policy, fiscal policy and relevant laws, regulations and policies, and there are certain systemic risks.

(2) Operational risks of relevant staff.

2. For investment risks, the company will take the following measures to control risks:

(1) The company will strictly abide by the principle of prudent investment, strictly screen investment objects, and select financial products with high safety and good liquidity for investment.

(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 Audit Department of the company is responsible for auditing and supervising the fund use and custody of financial products, conducting comprehensive inspection on all financial products regularly, and reasonably predicting the possible gains and losses of various investments according to the principle of prudence.

(4) The board of directors shall supervise the use of investment and financial management funds. The independent directors and the board of supervisors of the company have the right to supervise and inspect the use of funds, and may hire professional institutions to audit when necessary. (5) The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange. 5、 Impact on the company's operation

Without affecting the construction of investment projects with raised funds, the rational use of idle raised funds for cash management will not affect the construction of projects with raised funds and the normal development of main business of the company. At the same time, it can improve the use efficiency of funds and obtain more investment returns for the company and shareholders.

6、 The company's use of idle raised funds to purchase financial products within 12 months before the announcement date

(I) income from cash management with idle raised funds

As of the date of this announcement, the company has used idle raised funds to purchase bank financial products in the past 12 months, with a cumulative income of 6832439.18 yuan. The details are as follows:

Sequence amount value interest maturity investment income trustee product name

Date of redemption (RMB 10000)

Bank Of China Limited(601988)

Limited by shares