Youngy Co.Ltd(002192) announcement (2022)
Securities code: 002192 securities abbreviation: Youngy Co.Ltd(002192) Announcement No.: 2022-007 Youngy Co.Ltd(002192)
About using idle self owned funds in 2022
Announcement of entrusted financial management plan
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.
Important content tips:
1. Investment type: financial products with high safety, good liquidity and low risk.
2. Investment amount: the rolling cumulative amount shall not exceed 100 million yuan.
3. Special risk tips: the entrusted financial management plan may have policy risks, market fluctuation risks, operational risks, etc. Please pay attention to the relevant risks and invest carefully.
1、 Overview of investment
(I) investment purpose
In order to further improve the use efficiency of the company's temporarily idle self owned funds and make rational use of the idle funds, the company plans to use part of the temporarily idle self owned funds for entrusted financial management on the premise of not affecting the normal business operation and ensuring the safety of funds.
(II) investment amount
The cumulative rolling amount shall not exceed 100 million yuan. The service life of the relevant amount shall not exceed 12 months, and the amount of entrusted financial management (including the relevant amount of reinvestment from the income of the above investment) at any time point within the period shall not exceed 100 million yuan.
(III) investment mode
For financial products with high safety, good liquidity and low risk, the above investment varieties do not involve high-risk investment products in Section 1 of Chapter III of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 7 - transactions and related party transactions.
(IV) implementation period of authorization
According to the relevant provisions of the company's fund management system, the management of the company and its holding subsidiaries are authorized to be responsible for the specific implementation and handling of relevant matters. The authorization period shall be valid within one year from the date of deliberation and approval by the board of directors.
Youngy Co.Ltd(002192) announcement (2022)
(V) source of funds
The idle self owned funds of the company (including subsidiaries within the scope of consolidated statements) on the premise of ensuring the capital demand and capital safety of the company's production and operation.
2、 Review procedure
The company held the 24th Meeting of the 7th board of directors on January 26, 2022, deliberated and approved the proposal on using idle self owned funds for entrusted financial management plan in 2022, and the independent directors issued their agreed independent opinions. See http://www.cn.info.com.cn for details.
This entrusted financial management plan does not involve related party transactions, and this proposal is within the approval authority of the board of directors.
3、 Investment risk and risk control measures
(I) investment risk
1. Although the investment category belongs to low-risk financial products, the financial market is greatly affected by changes in macro policies such as monetary policy, fiscal policy and industrial policy and relevant laws, regulations and policies. It is not ruled out that the investment will be affected by market fluctuations.
2. Operational risk: due to internal management process defects, personnel operation errors and other events, it may lead to financial product subscription, transaction failure, fund allocation failure, etc., resulting in the loss of income of the company and its subsidiaries. (II) risk control measures
1. The company has formulated the securities investment management system, which clearly stipulates the principles, decision-making procedures, internal execution and reporting procedures, fund management and risk control of securities investment, including entrusted financial management, so as to effectively prevent investment risks and ensure the safety of funds. The use of idle self owned funds for entrusted financial management will be implemented in strict accordance with the system.
2. The company will timely analyze and track the investment direction of bank financial products and project progress. Once adverse factors are found or judged, the company will timely take corresponding measures to control investment risks.
3. The independent directors and the board of supervisors of the company will supervise and inspect the use of funds. The Audit Department of the company will audit and supervise the use and custody of investment and wealth management funds, reasonably predict the possible gains and losses of various investments, and report to the audit committee.
4. The company will perform the obligation of information disclosure in accordance with the stock listing rules of Shenzhen Stock Exchange and the self regulatory guidelines.
4、 Impact on the company
Youngy Co.Ltd(002192) announcement (2022)
(I) the company (including subsidiaries within the scope of consolidated statements) uses idle self owned funds to invest in financial products with high safety, good liquidity and controllable risk. It is implemented on the premise of ensuring that it will not affect the normal production and operation, and will not affect the working capital needs of the company's normal operation.
(II) through appropriate and timely low-risk financial management, the company can improve the use efficiency of idle self owned funds, obtain certain investment income, improve the overall performance level of the company, and obtain more investment returns for shareholders.
5、 Opinions of independent directors
The independent directors of the company have expressed their independent opinions on this matter, as follows:
"1. On the premise of ensuring the capital demand and capital safety of the company's production and operation, the company uses idle self owned funds to choose the opportunity to buy financial products with high safety, good liquidity and controllable risk, which is conducive to improving the use efficiency of idle self owned funds and increasing income, will not have an adverse impact on the company's production and operation, and will not damage the company and all shareholders, especially The interests of minority shareholders.
2. The voting procedures of the board of directors on the above matters comply with the relevant provisions of the stock listing rules, the guidelines for self regulatory supervision of listed companies, the articles of association and so on. We voted in favour of the proposal. "
6、 Documents for future reference
1. The resolution of the 24th Meeting of the Youngy Co.Ltd(002192) 7th board of directors signed by the attending directors;
2. Independent opinions of Youngy Co.Ltd(002192) independent directors on relevant matters considered at the 24th Meeting of the seventh board of directors signed by independent directors;
3. Other documents required by Shenzhen Stock Exchange.
It is hereby announced.
Youngy Co.Ltd(002192) board of directors January 26, 2022
