Securities code: 600054 (A shares) stock abbreviation: Huangshan Tourism Development Co.Ltd(600054) (A shares) No.: 2022-008 900942 (B shares) Huangshan B shares (B shares)
Huangshan Tourism Development Co.Ltd(600054)
Announcement on continuing to use some idle self owned funds for 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. According to the resolution of the 32nd meeting of the 7th board of directors of the company, it is agreed that the company can use idle self owned funds of no more than RMB 1 billion for cash management. The service life is within one natural year after the deliberation and approval of the board of directors of the company. Within the above limit range and service life, the funds can be used on a rolling basis (see Announcement No. 2021-006 of the company for details).
In view of the expiration of the above authorization period, the company held the 7th Meeting of the 8th board of directors and the 5th meeting of the 8th board of supervisors respectively on January 18, 2022, deliberated and adopted the proposal on continuing to use some idle self owned funds for cash management, and agreed that the company should use no more than RMB 900 million idle self owned funds for cash management, The service life is a natural year after the approval of the board of directors of the company. Within the above quota range and service life, the funds can be used on a rolling basis. The details are as follows:
1、 Cash management using idle self owned funds this time
1. Investment purpose: in order to improve the use efficiency of self owned funds and make rational use of idle funds, the company plans to use some idle self owned funds for cash management on the premise of ensuring that the normal operation and capital safety of the company are not affected, so as to increase capital benefits, better maintain and increase the value of the company's funds and protect the interests of the company's shareholders. 2. Fund source: the fund source of this cash management is the idle self owned funds of the company.
3. Investment quota: it is proposed to use idle self owned funds of no more than RMB 900 million for cash management, and the funds within the above quota can be used on a rolling basis.
4. Investment period: the investment period is within one natural year after the approval of the board of directors of the company.
5. Investment type: this investment type is an investment product with high security and good liquidity within one year, and shall not be used for stocks and their derivatives, securities investment funds and entrusted financial products for the purpose of securities investment.
6. Implementation method: the board of directors of the company authorizes the management to exercise the investment decision-making power within the above capital limit, service life and product type, and sign relevant contract documents.
7. Information disclosure: the company will timely perform the obligation of information disclosure in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange.
8. Deliberation procedure: this investment does not involve venture capital and related party transactions. The matters involved in this investment belong to the scope of authority of the board of directors of the company. It has been deliberated and adopted at the 7th Meeting of the 8th board of directors and the 5th meeting of the 8th board of supervisors, and the independent directors of the company have issued opinions with explicit consent.
2、 Investment risk analysis and risk control measures
(I) investment risk
Based on the principle of safeguarding the interests of shareholders, the company will strictly control risks, strictly control investment products and make prudent decisions. Although the products planned to be invested are investment varieties with high safety and good liquidity, the financial market is greatly affected by macroeconomic, fiscal and monetary policies. The company will make reasonable investment according to the economic situation and changes in the financial market, but it does not rule out that the investment is subject to market fluctuation risk, interest rate risk, liquidity risk, policy risk Information transmission risk and force majeure risk.
(II) risk control measures
1. The company will carry out relevant financial management business in strict accordance with relevant laws and regulations and relevant provisions of the articles of association, strengthen the analysis and research of relevant financial products, earnestly implement various internal control systems of the company and strictly control investment risks.
2. The company will abide by the principle of prudent investment, strictly select investment objects, and select products issued by units with good reputation, good operation and ability to ensure capital safety.
3. The company will timely analyze and track the investment direction of investment products and project progress according to the market situation. If it is found that there are risk factors that may affect the safety of the company's funds, the company will timely take preservation measures to control the investment risk.
3、 Impact on the company's operation
On the premise of ensuring that the normal operation and capital safety are not affected, the company uses some idle self owned funds for cash management, which will not affect the normal turnover of the company's daily funds and the normal development of its main business. At the same time, it can improve the use efficiency of funds, obtain certain investment benefits, and seek more investment returns for the company and shareholders, which is in line with the interests of the company and all shareholders.
The company plans to use some idle self owned funds for cash management this time, which will not have a significant impact on the company's future main business, financial status and cash flow.
4、 Opinions of independent directors and board of supervisors
1. Opinions of independent directors
The independent directors of the company believe that the company plans to use no more than 900 million yuan of idle self owned funds to invest in investment products with high safety and good liquidity, which is conducive to improving the use efficiency and income of self owned funds, does not affect the normal turnover of the company's daily funds and the normal development of its main business, conforms to the interests of the company and all shareholders, and does not damage the interests of the company and minority shareholders, The relevant approval procedures comply with the requirements of relevant laws and regulations and the articles of association, and we agree to this proposal.
2. Opinions of the board of supervisors
The board of supervisors of the company believes that, on the premise of ensuring that the normal operation and capital safety of the company are not affected, the company uses idle self owned funds of no more than RMB 900 million for cash management, which is conducive to improving the use efficiency and income of the company's funds, is in line with the interests of the company and all shareholders, and does not damage the interests of the company and minority shareholders, The decision-making and deliberation procedures of this matter are legal and compliant, and we agree to this proposal.
5、 Documents for future reference
1. Resolutions of the 7th Meeting of the 8th board of directors of the company;
2. Resolutions of the 5th meeting of the 8th board of supervisors of the company;
3. Independent opinions expressed by independent directors of the company. It is hereby announced.
Huangshan Tourism Development Co.Ltd(600054) board of directors January 19, 2022
