Stock abbreviation: Anhui Quanchai Engine Co.Ltd(600218) Stock Code: 600218 Announcement No.: pro 2022-003 Anhui Quanchai Engine Co.Ltd(600218)
With regard to the progress announcement on cash management of temporarily idle raised funds, 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 integrity of the contents. Important content tips:
Entrusted financial management trustee: Industrial Bank Co.Ltd(601166) Chuzhou Branch.
The entrusted financial management amount: 70 million yuan in total.
Name of entrusted financial product: Industrial Bank Co.Ltd(601166) enterprise financial RMB structured deposit.
Period of entrusted financial management: 180 days.
Review procedures to be performed: reviewed and approved at the 11th meeting of the 8th board of directors, the 11th meeting of the 8th board of supervisors and the second extraordinary general meeting of shareholders in 2021.
1、 Overview of entrusted financial management
(I) purpose of entrusted financial management
In order to improve the use efficiency of the raised funds and obtain higher capital returns, the company uses the temporarily idle raised funds for cash management without affecting the construction and implementation of the company’s investment projects of the raised funds, the use plan of the raised funds and ensuring the safety of the raised funds.
(II) source of funds
1. Source of funds: temporarily idle raised funds.
2. With the approval of zjxk [2021] No. 1767 document of China Securities Regulatory Commission, the company privately issued 66.8449 million shares at an issue price of 11.22 yuan per share and raised a total of 75 million yuan. After deducting the issuance fees of underwriting recommendation, share registration, capital verification and legal counsel, the net amount of raised funds was 74.3421 million yuan. All the raised funds were deposited into the special bank account established by the company on August 25, 2021, and Rongcheng Certified Public Accountants (special general partnership) issued the capital verification report (Rongcheng Yan Zi [2021] No. 230z0186). The company has signed the supervision agreement on the raised funds with the recommendation institution and the bank storing the raised funds, opened a special account for the raised funds and stored the raised funds in a special account.
As of December 31, 2021, the use of raised funds is as follows:
Unit: 10000 yuan
Project name total investment amount raised funds committed to raised funds invested remarks: total investment amount balance
National six series engine intelligent system 40100.00 30000.00 9903.83 20157.18 fund balance of raised capital construction (phase II) project
Green casting upgrading project 31380.00 25000.00 6333.99 18722.92
Interest construction income of hydrogen fuel cell intelligent manufacturing project 13600.00 10000.00 2346.18 7679.88 and financial income
Supplementary working capital / 9034.21 9034.21 / closed items
Total 85080.00 74034.21 27618.21 46559.98/
(III) basic information of entrusted financial products
Project product I product II
Name of trustee Industrial Bank Co.Ltd(601166) Chuzhou Branch Industrial Bank Co.Ltd(601166) Chuzhou Branch
Product type bank financial products bank financial products
Product name Industrial Bank Co.Ltd(601166) enterprise finance RMB Industrial Bank Co.Ltd(601166) enterprise finance RMB structured deposit structured deposit
Amount (10000 yuan)
The estimated annualized rate of return is 1.50% / 3.15% / 3.35% and 1.50% / 3.15% / 3.36%
Estimated income amount (10000 yuan): 25.89/54.37/57.82 25.89/54.37/57.99
Product life 180 days 180 days
Income type principal guaranteed floating income Principal Guaranteed floating income
Structured arrangements none none
Reference annualized rate of return //
Whether it constitutes a connected transaction no
(IV) the company’s internal control over risks related to entrusted financial management
1. Strictly abide by the principle of prudent investment: the investment period shall not exceed 12 months, and the products are mainly financial products with breakeven agreement with low risk and high liquidity.
2. Timely track the investment direction of products and evaluate the investment risk: the company will timely track the investment direction of financial products according to the market situation. If potential risk factors are found, the company will organize the evaluation, and timely take corresponding preservation measures according to the evaluation results to control the investment risk.
3. Strengthen the daily supervision of funds: the audit committee of the company will conduct daily supervision and inspection on the use of funds according to the principle of prudence. The independent directors and the board of supervisors of the company have the right to supervise and inspect the cash management of the company using part of the idle raised funds, and can hire professional institutions to audit when necessary.
2、 Details of this entrusted financial management
(I) main terms of entrusted financial management contract
Product 1:
Product name Industrial Bank Co.Ltd(601166) enterprise financial RMB structured deposit
Product custodian Industrial Bank Co.Ltd(601166) Chuzhou Branch
Product type bank financial products
Product life 180 days
Income type breakeven floating income type
Purchase amount: 35 million yuan
Product subscription period: January 18, 2022
Product value date January 19, 2022
Product expiration date: July 18, 2022
Expected annualized yield 1.50% / 3.15% / 3.35%
Shanghai Gold morning benchmark price of the observation target Shanghai Gold Exchange
Observation Date: July 15, 2022
Shanghai Gold morning benchmark price of Shanghai Gold Exchange on the observation day
The morning benchmark price of Shanghai gold on the Shanghai Gold Exchange on the working day following the value date of the reference price.
Product income = fixed income + floating income
Fixed income = principal amount × [1.5%] × Product duration days / 365
If the performance of the price on the observation day is less than the reference price * 55%, the floating income is zero;
Income calculation method: if the price on the observation day is less than the reference price * 100.5% and greater than or equal to the reference price * 55%, floating income = principal amount × [1.65%] × Product duration days / 365;
If the price on the observation day is greater than or equal to the reference price * 100.5%, the floating income = principal amount × [1.85%] × Product duration days / 365.
If the deposit product is not terminated in advance during the period, the duration of the product is the number of days from the value date to the maturity date (inclusive);
If the deposit product is terminated in advance, the duration of the product is the number of days from the value date (inclusive) to the early termination date (exclusive).
The structured deposit product includes market risk, liquidity risk, early repayment risk, risk prompt, legal and policy risk, information transmission risk, force majeure and accident risk, data source risk, product non establishment risk, etc.
Product 2:
Product name Industrial Bank Co.Ltd(601166) enterprise financial RMB structured deposit
Product custodian Industrial Bank Co.Ltd(601166) Chuzhou Branch
Product type bank financial products
Product life 180 days
Income type breakeven floating income type
Purchase amount: 35 million yuan
Product subscription period: January 18, 2022
Product value date January 19, 2022
Product expiration date: July 18, 2022
Expected annualized yield 1.50% / 3.15% / 3.36%
Shanghai Gold morning benchmark price of the observation target Shanghai Gold Exchange
Observation Date: July 15, 2022
Shanghai Gold morning benchmark price of Shanghai Gold Exchange on the observation day
The morning benchmark price of Shanghai gold on the Shanghai Gold Exchange on the working day of the observation subject next to the value date of the reference price.
Product income = fixed income + floating income
Fixed income = principal amount × [1.5%] × Product duration days / 365
If the performance of the price on the observation day is greater than the reference price * 145%, the floating income is zero;
Income calculation method: if the price on the observation day is greater than the reference price * 99.5% and less than or equal to the reference price * 145%, floating income = principal amount × [1.65%] × Product duration days / 365;
If the price on the observation day is less than or equal to the reference price * 99.5%, the floating income = principal amount × [1.86%] × Product duration days / 365.
If the deposit product is not terminated in advance during the period, the duration of the product is the number of days from the value date to the maturity date (inclusive);
