Wuxi Lead Intelligent Equipment Co.Ltd(300450)
About the company and its subsidiaries using idle self owned funds to purchase financial products
Announcement of
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.
The 10th meeting of the 4th board of directors and the 10th meeting of the 4th board of supervisors of Wuxi Lead Intelligent Equipment Co.Ltd(300450) (hereinafter referred to as ” Wuxi Lead Intelligent Equipment Co.Ltd(300450) ” or “the company”) deliberated and adopted the proposal on the company and its subsidiaries using idle self owned funds to purchase financial products on January 26, 2022. The above-mentioned board of directors and the board of supervisors passed the proposal unanimously. In order to improve the use efficiency of working capital and make rational use of funds, on the premise of not affecting the normal business of the company, the company and its subsidiaries are agreed to use the maximum amount of idle self owned funds of no more than 2.8 billion yuan to buy financial products for low-risk investment products with high safety and good liquidity. The term of this investment is valid within one year from the date of deliberation and approval by the board of directors. The above maximum amount can be used by the company and its subsidiaries on a rolling basis within the term of validity of the resolution. At the same time, the chairman is authorized to exercise the right of investment decision-making, and the person in charge of finance is responsible for the organization, implementation and management.
Relevant matters are hereby announced as follows:
1、 Basic information of using idle self owned funds to purchase financial products
(I) investment purpose
In order to improve the use efficiency of working capital and make rational use of funds, the company and its subsidiaries plan to use idle self owned funds to buy financial products and invest in low-risk investment products with high safety and good liquidity, so as to increase the company’s income and maximize the interests of shareholders.
(II) investment quota
The company and its subsidiaries intend to use idle self owned funds with a maximum amount of no more than 2.8 billion yuan to purchase financial products, and the funds within the above maximum amount can be used on a rolling basis.
(III) investment varieties
In order to control risks, the company and its subsidiaries intend to purchase low-risk investments with high safety and good liquidity, and such investment products shall not be used for pledge.
(IV) investment period
The maximum term of a single investment product shall not exceed one year.
(V) validity of the resolution
It shall be valid for one year from the date of adoption of relevant resolutions of the board of directors of the company.
(VI) implementation mode
The chairman of the company is authorized to exercise the investment decision-making power and sign relevant contract documents within one year from the date of deliberation and approval by the board of directors, which shall be organized, implemented and managed by the Finance Department of the company.
(VII) information disclosure
The company will timely perform the obligation of information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
2、 Investment risk and risk control measures
(I) investment risk
1. The investment products purchased by the company and its subsidiaries belong to low-risk investment varieties, but the financial market is affected by macro-economy, so it is not excluded that the investment is affected by market fluctuations.
2. The company and its subsidiaries will intervene in a timely and appropriate manner according to the economic situation and changes in the financial market, and will not rule out the impact of market fluctuations.
(II) risk control measures
1. The company shall establish and improve the approval and implementation procedures for the purchase of investment products in accordance with the principle of separating the functions of decision-making, implementation and supervision, so as to ensure the effective development and standardized operation of the purchase of investment products.
2. The Finance Department of the company will timely analyze and track the investment direction and progress of investment products. Once it is found that there are risk factors that may affect the safety of the company’s funds, it will timely take preservation measures to control investment risks.
3. The independent directors and the board of supervisors of the company have the right to inspect the investment products purchased by the company and its subsidiaries regularly or irregularly, and can hire professional institutions to audit when necessary.
3、 Impact Analysis on the company
On the premise of not affecting the normal operation of the company, the company and its subsidiaries use idle self owned funds to purchase financial products, which is conducive to improving the use efficiency of working capital, increasing the company’s income and maximizing the interests of shareholders.
4、 Specific conditions of using idle self owned funds to purchase financial products
As of the disclosure date of this report, the outstanding principal balance of the company and its subsidiaries using idle self owned funds to purchase investment products was 1901 million yuan, as follows:
Serial number deposit bank product name investment product investment principal purchase date maturity date type (10000 yuan)
Bank Of China Limited(601988) shares
Floating Company Limited linked structured breakeven share
1 Wuxi high tech deposit (structured customer type 5000 2021 / 12 / 23 2022 / 1 / 27 Technology Industry Development Account)
District sub branch
Linked exchange in 2022
2. China Everbright Bank Rate corporate Structural Principal Guaranteed floating 10000 2022 / 1 / 7 2022 / 2 / 7 bank Wuxi Branch deposit customization type I
Phase products
China Minsheng silver Juying stock – guaranteed floating
Bank 3 Wuxi Meicun hook consumption ETF structure 7500 2021 / 10 / 28 2022 / 2 / 7 sub branch structural deposit
China Minsheng silver Juying stock – guaranteed floating
Bank 4 Wuxi Meicun hook consumption ETF structure 7500 2021 / 10 / 28 2022 / 2 / 7 sub branch structural deposit
ICBC linked exchange rate range
Floating Bank Co., Ltd. cumulative corporate Principal Guaranteed
5 company Wuxi new structured deposit – special account 15000 2022 / 1 / 11 2022 / 2 / 14 Wu sub branch 2022
013 installment f
Shanghai Pudong Development Co., Ltd. stable profit and breakeven floating
6. China Development Bank Wuxi 21jg8144 phase 10000 2021 / 11 / 15 2022 / 2 / 15 new area sub branch
Shanghai Pudong Development Co., Ltd. stable profit and breakeven floating
7. China Development Bank Wuxi 21jg8145 phase 20000 2021 / 11 / 15 2022 / 2 / 15 new area sub branch
Shanghai Pudong Development Co., Ltd. stable profit and breakeven floating
8. China Development Bank Wuxi 21jg8305 phase 20000 2021 / 12 / 24 2022 / 2 / 23 new area sub branch
Linked exchange in 2022
9. China Everbright Bank Rate corporate Structural Principal Guaranteed floating 15000 2022 / 1 / 7 2022 / 3 / 7 bank Wuxi Branch deposit customized type I
Phase products
Shanghai Pudong Development Co., Ltd. stable profit and breakeven floating
China Development Bank Wuxi 221jg6025 phase 15000 2022 / 1 / 11 2022 / 3 / 11 New Area sub branch
Bank Of China Limited(601988) stock linked structure
11 limited company deposits (structural customer guaranteed floating 7000 2021 / 12 / 10 2022 / 3 / 14 Wuxi high tech account)
Technology industry development
Serial number deposit bank product name investment product investment principal purchase date maturity date type (10000 yuan)
District sub branch
Shanghai Pudong Development Co., Ltd. stable profit and breakeven floating
12 China Development Bank Wuxi 21jg8262 phase 5000 2021 / 12 / 13 2022 / 3 / 14 New Area sub branch
Shanghai Pudong Development Co., Ltd. stable profit and breakeven floating
13 China Development Bank Wuxi 21jg8262 phase 5000 2021 / 12 / 13 2022 / 3 / 14 New Area sub branch
Bank Of China Limited(601988) shares
Floating Company Limited linked structured breakeven share
14 Wuxi high tech deposit (structural customer 7000 2021 / 12 / 10 2022 / 3 / 15 technology industry development account)
District sub branch
Bank Of China Limited(601988) shares
Floating Company Limited linked structured breakeven share
15 Wuxi high tech deposit (customer structure 6000 2021 / 12 / 10 2022 / 3 / 16 Technology Industry Development Account)
District sub branch
ICBC linked exchange rate range
Floating Bank Co., Ltd. cumulative corporate Principal Guaranteed
16 company Wuxi new structured deposit – special account type 10000 2021 / 12 / 13 2022 / 4 / 6 Wu sub branch 2021
362 tranche D
Ping An Insurance (Group) Company Of China Ltd(601318) silver Ping An Bank Co.Ltd(000001) corporate
17 Bank Co., Ltd. structural deposit Principal Guaranteed floating 12500 2022 / 1 / 13 2022 / 2 / 14 Zhuhai front (100% Principal Guaranteed linked type)
Shanshan sub branch hook (LPR) products
Bank Of Communications Co.Ltd(601328) pearl structured deposit 34 Principal Guaranteed floating
18 haixincheng sub branch Tian (Product Code: 6300 2022 / 1 / 18 2022 / 2 / 22 1699220069)
Bank Of Communications Co.Ltd(601328) pearl structured deposit 34 Principal Guaranteed floating
19 haixincheng sub branch Tian (Product Code: 6300 2022 / 1 / 18 2022 / 2 / 22 1699220070)
Total 190100
5、 Relevant review and approval procedures
1. Deliberations of the board of directors
On January 26, 2022, the 10th meeting of the Fourth Board of directors of the company deliberated and approved the proposal on the company and its subsidiaries using idle self owned funds to purchase financial products, authorizing the company and its subsidiaries to plan to use their own funds with a maximum amount of no more than 2.8 billion yuan to purchase financial products for venture capital products, The above maximum amount can be used by the company and its subsidiaries on a rolling basis within the validity period of the resolution.
All directors agreed to the above proposal. All independent directors expressed their independent opinions with explicit consent.
2. Deliberation of the board of supervisors
On January 26, 2022, the 10th meeting of the Fourth Board of supervisors of the company deliberated and adopted the proposal on the company and its subsidiaries using idle self owned funds to purchase financial products. The company and its subsidiaries use idle self owned funds to purchase financial products in line with the principle of maximizing the interests of shareholders, improving the use efficiency of funds and saving financial expenses; It is agreed that the company and its subsidiaries use idle self owned funds with a maximum amount of no more than 2.8 billion yuan to purchase financial products for low-risk investment products. The above maximum amount can be used by the company and its subsidiaries on a rolling basis within the validity of the resolution.
3. Opinions of independent directors
Independent directors expressed independent opinions that: the company and its subsidiaries use idle self owned funds to purchase low-risk investment products with high safety and good liquidity under the condition of ensuring that the normal operation of the company and its subsidiaries is not affected, which is conducive to improving the efficiency of fund use, better maintaining and increasing the value of the company’s funds and safeguarding the interests of all shareholders of the company; It is agreed that the company and its subsidiaries use idle self owned funds with a maximum amount of no more than 2.8 billion yuan to purchase financial products for low-risk investment products. The funds within the above maximum amount can be used on a rolling basis.
6、 Documents for future reference
1. Resolutions of the 10th meeting of the 4th board of directors of the company;
2. Resolutions of the 10th meeting of the 4th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the 10th meeting of the Fourth Board of directors of the company.
It is hereby announced.
Wuxi Lead Intelligent Equipment Co.Ltd(300450) board of directors January 27, 2022
