Securities code: 001203 securities abbreviation: Inner Mongolia Dazhong Mining Co.Ltd(001203) Announcement No.: 2022-008 Inner Mongolia Dazhong Mining Co.Ltd(001203)
Announcement on purchasing financial products with 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.
Inner Mongolia Dazhong Mining Co.Ltd(001203) (hereinafter referred to as “the company”) held the 16th meeting of the 4th board of directors and the 9th meeting of the 4th board of supervisors on May 28, 2021, deliberated and adopted the proposal on using some idle raised funds for cash management, and agreed that the company, on the premise of ensuring the construction needs of investment projects with raised funds, The use of idle raised funds of no more than 700 million yuan to purchase low-risk breakeven financial products with high safety and good liquidity shall not exceed 12 months from the date of deliberation and adoption at the 16th meeting of the Fourth Board of directors. See the relevant announcement disclosed by the company on May 31, 2021 for details.
Anhui jinrisheng Mining Co., Ltd. (hereinafter referred to as “jinrisheng”), a wholly-owned subsidiary of the company, is now announced as follows:
1、 Main contents of purchasing structured deposits
1. Product Name: linked structured deposits (institutional customers)
2. Product subscription amount: 148.5 million yuan
3. Product type: principal guaranteed minimum return type
4. Revenue calculation days: 91 days
5. Starting date of income: January 25, 2022
6. Maturity date: April 26, 2022
7. Contact subject: EUR / USD
8. Income range: 1.541% – 4.56%
9. Source of funds: idle raised funds
10. Description of association relationship: the company and its subsidiaries have no association relationship with Bank Of China Limited(601988)
2、 Risk control measures
1. The company will handle relevant cash management business in strict accordance with the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies, the stock listing rules of Shenzhen Stock Exchange and the company’s measures for the management of raised funds.
2. Relevant departments of the company will supervise and inspect the use of funds to achieve effective risk control. 3. The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
3、 Investment risk disclosure
This time, the company used some idle raised funds to purchase financial products, which has high security. However, the financial market is greatly affected by the macro economy, and it cannot be ruled out that the investment is affected by income risk, interest rate risk, policy risk, force majeure risk, etc.
4、 Impact on the daily operation of the company
This time, the company used some idle raised funds to purchase financial products under the condition of ensuring that the normal development of the company’s investment projects with raised funds will not be affected. By purchasing financial products, the company can improve the use efficiency of funds, obtain certain investment benefits, and seek more investment returns for the company’s shareholders.
5、 Purchase of financial products within 12 months before the announcement date
As of the date of this announcement, the company and its subsidiaries have used idle raised funds to purchase financial products with a total amount of 558631537.75 yuan.
It is hereby announced.
Inner Mongolia Dazhong Mining Co.Ltd(001203) board of directors January 25, 2022
