Securities code: 300803 securities abbreviation: Beijing Compass Technology Development Co.Ltd(300803) Announcement No.: 2022-008 Beijing Compass Technology Development Co.Ltd(300803) about
Announcement of using some idle self owned funds for cash management
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.
Beijing Compass Technology Development Co.Ltd(300803) (hereinafter referred to as "the company") held the 22nd Meeting of the 12th board of directors and the 14th meeting of the 13th board of supervisors respectively on January 24, 2022. The meeting deliberated and adopted the proposal on using some idle self owned funds for cash management, It is agreed that the company will use idle self owned funds with a limit of no more than RMB 1 million for cash management, which is valid from the date of adoption of the company's 2021 annual general meeting to the date of holding the 2022 annual general meeting. It can be recycled and used within the validity period and limit. This proposal still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The use of idle self owned funds for cash management does not constitute a related party transaction or a major asset reorganization specified in the administrative measures for major asset reorganization of listed companies. The relevant information is hereby announced as follows:
1、 The company's use of idle self owned funds for cash management
In order to improve the use efficiency of the company's funds, increase the return of shareholders, make rational use of idle funds, and carry out cash management on some temporarily idle self owned funds of the company without affecting the normal operation of the company and effectively controlling risks.
(I) capital source and investment amount
Within the validity period, the company plans to use idle self owned funds with a maximum amount of no more than RMB 1 million for cash management. Within the above limit, the funds can be used on a rolling basis, and the balance of cash management funds at the same time point shall not exceed the above limit.
(II) investment varieties
Purchase investment products with good liquidity, non breakeven and low risk.
(III) validity period and investment period of the resolution
The use of idle self owned funds for cash management will be submitted to the general meeting of shareholders of the company for deliberation after being deliberated and approved by the board of directors and the board of supervisors of the company. The validity period is from the date of adoption of the annual general meeting of shareholders in 2021 to the date of convening the annual general meeting of shareholders in 2022.
(IV) implementation mode
Within the validity period and the limit, the board of directors authorizes Zheng Yong, the company's chief financial officer, to exercise the decision-making power of cash management. His authority includes but is not limited to selecting qualified issuers of financial products, determining the amount of financial products, selecting financial products, signing relevant contracts or agreements, etc., which shall be organized and implemented by the company's financial department.
(V) information disclosure
In accordance with the relevant provisions of Shenzhen Stock Exchange, the company will timely perform the obligation of information disclosure after the regular report and the amount of a single purchase of financial products meet the disclosure standards. The disclosure items include the name, type, amount, period, rate of return, etc. of the financial products purchased.
(VI) description of association relationship
There should be no relationship between the company and the issuer of financial products.
2、 Investment risk and risk control measures
(I) investment risk
Although the financial products invested are all low-risk investment varieties, and the company will undergo strict evaluation before implementation, the financial market is greatly affected by the macro-economy. It is not excluded that the investment is affected by market fluctuations and faces income fluctuation risk, liquidity risk Unexpected actual income and other risks, as well as the possibility of operation and supervision and management risks of relevant staff.
(II) risk control measures
1. Within the validity period and limit, Zheng Yong, the chief financial officer of the company, shall exercise the decision-making power, and the financial department of the company shall be responsible for the specific organization and implementation. According to the company's financial situation, cash flow situation, interest rate changes and relevant resolutions of the board of directors, the finance department judges the investment scale and expected income of financial products, and reviews the content and risk assessment of financial products.
2. The Finance Department of the company will analyze and track the progress in time. Once it is found that there are risk factors that may affect the safety of the company's funds, it will take preservation measures in time to control the investment risk.
3. The Audit Department of the company is responsible for auditing and supervising the use and custody of the company's funds for purchasing financial products, conducting regular comprehensive inspection on all investment projects of financial products, reasonably predicting the possible gains and losses of various investments according to the principle of prudence, and reporting to the audit committee of the board of directors and the board of directors of the company.
4. The independent directors and the board of supervisors have the right to regularly or irregularly inspect the company's investment in financial products, and can hire professional institutions to audit when necessary.
5. According to the relevant regulations of Shenzhen Stock Exchange, the company will disclose the purchase of financial products and relevant profits and losses during the reporting period in the regular report.
(III) impact on the daily operation of the company
The company uses idle self owned funds for cash management this time. Based on the principles of standardized operation, risk prevention and prudent investment, the company conducts cash management by moderately purchasing low-risk investment products. The above cash management will not affect the normal development of the company's main business, help to improve the efficiency of capital use, obtain a good return on investment and protect the interests of shareholders.
3、 Relevant review and approval procedures
(I) deliberation by the board of directors
The company held the 22nd Meeting of the 12th board of directors on January 24, 2022. The meeting deliberated and passed the proposal on using some idle self owned funds for cash management, and agreed that the company can use idle self owned funds with an amount of no more than RMB 1 million for cash management without affecting the normal operation of the company and effectively controlling risks, It is agreed to submit the above matters to the general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
In accordance with the provisions of relevant laws, regulations and normative documents such as Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 - standardized operation of GEM listed companies (2022), we checked the purchase of financial products disclosed in the company's regular report in the last year, We believe that the company's use of some idle self owned funds for cash management this time complies with the provisions of relevant laws and regulations. At present, the company is in good operation, stable financial condition and abundant funds. On the premise of not affecting normal operation and effectively controlling risks, the company uses idle self owned funds for cash management, which is conducive to improving the use efficiency of idle funds, Increasing the company's income is in line with the interests of the company and all shareholders, and there is no situation that damages the interests of the company and all shareholders, especially small and medium-sized shareholders.
We agree that, on the premise of not affecting the normal operation of the company and effectively controlling risks, the company can use idle self owned funds of no more than RMB 1 million for cash management and purchase investment products with good liquidity, non breakeven and low risk. The validity period of cash management is from the date of approval of the company's annual general meeting in 2021 to the date of holding the annual general meeting in 2022. It can be recycled and used within the validity period and limit. It is agreed to submit the above matters to the general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The company held the 14th meeting of the 13th board of supervisors on January 24, 2022. The meeting deliberated and adopted the proposal on using some idle self owned funds for cash management. The supervisors of the company believe that the company's use of some idle self owned funds for cash management can improve the use efficiency of funds, increase the company's capital income and meet the interests of the company and shareholders.
The board of supervisors agrees that the company can use idle self owned funds of no more than RMB 1 million for cash management without affecting the normal operation of the company and effectively controlling risks. It is agreed to submit the above matters to the general meeting of shareholders of the company for deliberation.
4、 Documents for future reference
1. Beijing Compass Technology Development Co.Ltd(300803) resolution of the 22nd Meeting of the 12th board of directors; 2. Beijing Compass Technology Development Co.Ltd(300803) resolution of the 14th meeting of the 13th board of supervisors; 3. Independent opinions of independent directors on relevant matters.
It is hereby announced.
Beijing Compass Technology Development Co.Ltd(300803)
Board of directors
January 25, 2022
