Home Business Announcement on the progress of Haicheng Bangda Supply Chain Management Co., Ltd. on the use of temporarily idle raised funds for cash management_Situation_Good liquidity_Idle

Announcement on the progress of Haicheng Bangda Supply Chain Management Co., Ltd. on the use of temporarily idle raised funds for cash management_Situation_Good liquidity_Idle

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Original title: Announcement on the progress of using temporarily idle raised funds for cash management by Haicheng Bangda Supply Chain Management Co., Ltd.

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.

Important content reminder:

● Type of investment: wealth management products of securities companies

● Investment amount: 30 million yuan

● Review procedures performed: Haicheng Bangda Supply Chain Management Co., Ltd. (hereinafter referred to as the “Company”) held the fifth meeting of the second board of directors and the third meeting of the second board of supervisors on April 20, 2022, and reviewed and approved the ” Proposal on Using Part of Idle Raised Funds for Cash Management”, agreeing that the company will use idle raised funds of no more than RMB 400 million (including 400 million yuan) under the premise of not affecting the normal implementation of the investment projects and ensuring the safety of the raised funds. Buy capital-guaranteed products with high security and good liquidity, and the term of a single financial product shall not exceed 12 months. The company’s independent directors, board of supervisors, and sponsors expressed their respective opinions in agreement.

● Special risk warning: Although the wealth management products purchased by the company’s wholly-owned subsidiary this time are capital-guaranteed products with high safety and good liquidity, it cannot be ruled out that due to market fluctuations, changes in macroeconomic and financial policies, and operational risks, etc. Circumstances that affect earnings.

1. Overview of this cash management

(1) Purpose of cash management

In order to improve the use efficiency of raised funds, rationally utilize part of the idle raised funds, and under the premise of not affecting the normal implementation of fundraising projects and ensuring the safety of raised funds, increase the company’s income and obtain more returns for the company and shareholders.

(2) Amount of cash management

The cash management amount of the company’s wholly-owned subsidiary this time is 30 million yuan.

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(3) Source of funds

1. Source of funding

The source of funds for this cash management is part of the company’s idle raised funds.

2. Basic information on raised funds

Approved by the China Securities Regulatory Commission “Approval for the IPO of Haicheng Bangda Supply Chain Management Co., Ltd.” (licensed by the China Securities Regulatory Commission)[2021]1573), the company’s initial public offering did not exceed 51.31 million RMB ordinary shares (A shares), with a total raised capital of RMB 864,060,400, and the net raised capital after deducting issuance expenses was RMB 784,173,300.Lixin Certified Public Accountants (Special General Partnership) has verified the above-mentioned funds of the company, and issued a capital verification report on May 21, 2021 (Xinhui Shi Baozi)[2021]No. ZG11618). All the raised funds have been deposited in the special account for raised funds verification established by the company. The company and its wholly-owned subsidiaries have signed the “Quarterly Supervision Agreement for Raised Funds” with the sponsor and the bank where the raised funds are opened.

(IV) Investment methods and basic information of cash management

The wholly-owned subsidiary of the company used the idle raised funds to purchase capital-guaranteed wealth management products with high safety and good liquidity this time, which meets the relevant requirements for the use of raised funds. run.

(V) Cash management period

The period for using part of the temporarily idle raised funds for cash management is valid within 12 months from the date of deliberation and approval at the fifth meeting of the second board of directors.

2. Review procedure

The company held the fifth meeting of the second board of directors and the third meeting of the second board of supervisors on April 20, 2022, and reviewed and approved the “Proposal on Using Part of Idle Raised Funds for Cash Management”. Within 12 months from the beginning, on the premise of not affecting the use schedule of fund-raising projects and ensuring the safety of raised funds, the company will use no more than 400 million yuan (including 400 million yuan) part of the idle raised funds for cash management, and a single wealth management product. The maximum period is not more than 12 months, and the funds can be used on a rolling basis within the above-mentioned quota. The company’s independent directors, board of supervisors, and sponsors have expressed their respective opinions. For details, please refer to the “Announcement on Using Part of Idle Raised Funds for Cash Management” published by the company on the Shanghai Stock Exchange (www.sse.com.cn) on April 21, 2022 (announcement number: 2022-017) .

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3. Investment control analysis and risk control measures

(1) Risk analysis

The investment products of the company’s wholly-owned subsidiaries using idle raised funds for cash management this time are wealth management products with high security, good liquidity, and guaranteed principal, and the risks are controllable. During the existence of the product, the wholly-owned subsidiary of the company maintains close contact with the trustee, tracks the operation of wealth management funds in a timely manner, strengthens risk control and supervision, and strictly controls the safety of funds. The company’s independent directors and board of supervisors have the right to supervise and inspect the management and use of funds, and may hire professional institutions to conduct audits if necessary. Although the products purchased by the company’s wholly-owned subsidiaries are capital-guaranteed products with high safety and good liquidity, it is still not ruled out that the income is affected by market fluctuations, changes in macroeconomic and financial policies, and operational risks.

(2) Risk control measures

1. The company will purchase capital-guaranteed wealth management products with high safety and good liquidity in strict accordance with the relevant regulations such as “Guidelines for the Supervision of Listed Companies No. 2 – Supervision Requirements for the Management and Use of Raised Funds by Listed Companies”.

2. The company’s finance department will analyze and track the investment direction and progress of wealth management products in a timely manner. Once unfavorable factors are found or judged, corresponding measures will be taken in a timely manner to control security risks.

3. The company’s independent directors and board of supervisors have the right to supervise and inspect the use of raised funds, and may hire professional institutions to conduct audits if necessary.

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4. The company will perform its information disclosure obligations in a timely manner in strict accordance with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange.

4. Impact on the company

The main financial indicators of the company for the most recent year and period are as follows:

unit: yuan

The company’s use of idle raised funds for cash management is carried out on the premise of ensuring the funds required by the company’s raised funds to invest in projects and ensuring the safety of the raised funds. Affect the normal development of the company’s main business. At the same time, through reasonable cash management of idle raised funds, certain investment returns can be obtained, which is conducive to further improving the company’s overall performance level and obtaining more investment returns for the company and shareholders.

There is no situation where the company has a large amount of debt and purchases a large amount of wealth management products at the same time.

As of March 31, 2022, the balance of the company’s monetary funds was 981.881 million yuan. The company used the idle raised funds to purchase wealth management products this time. The amount of this time is 30 million yuan, accounting for 3.06% of the monetary funds at the end of the latest period, which will not affect the future of the company. The main business, financial status, operating results and cash flow have a greater impact.

According to the new financial instrument standards, the company lists wealth management products as “trading financial assets”. The specifics are subject to the annual audit results of the accounting firm.

Special announcement.

Board of Directors of Haicheng Bangda Supply Chain Management Co., Ltd.

July 6, 2022Return to Sohu, see more

Editor:

Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.

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