Stock Code: 603759 Stock Abbreviation: Haitian Co., Ltd. Announcement No.: 2022-005
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 individual and joint responsibility for the authenticity, accuracy and completeness of the content.
Important content reminder:
●Cash management trustee: Huatai Securities Co., Ltd., China Securities Co., Ltd.
●Name, amount and term of this cash management product:
(1) Huatai Securities Co., Ltd. Xinyi No. 22005 (5-year LPR) income certificate; 30 million yuan; 160 days;
(2) Huatai Securities Co., Ltd. Juyi No. 22556 (CSI 500) income certificate; 20 million yuan; 160 days;
(3) CITIC Construction Investment Income Certificate “Bullish Treasure” 121 issues; RMB 50 million; 95 days.
●Performed review procedures: Haitian Water Group Co., Ltd. (hereinafter referred to as “the company” or “Haitian shares”) held the 21st meeting of the third board of directors on August 13, 2021. Proposal for Cash Management of Raised Funds”, agreeing that the company will use no more than 100 million yuan (including this amount) of idle raised funds to purchase with high security and good liquidity under the premise of ensuring that the progress of investment projects with raised funds and the safety of raised funds are not affected. . Wealth management products with guaranteed principal are valid within 12 months from the date of deliberation and approval at the 21st meeting of the third board of directors of the company. For details, please refer to the “Announcement on Resolutions of the 21st Meeting of the Third Board of Directors of Haitian” disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on August 16, 2021 (Announcement No.: 2021 -043), “Haitian Announcement on Using Part of Idle Raised Funds for Cash Management” (Announcement No.: 2021-046).
I. The previous use of idle raised funds for cash management due redemption
The company purchased wealth management products with a total amount of 100 million yuan from Huatai Securities Co., Ltd. on November 17, 2021. For details, please refer to the company’s announcement on the website of the Shanghai Stock Exchange (www.sse.com.cn) on November 18, 2021. ) disclosed in the Announcement of Haitian on Using Part of Idle Raised Funds for Cash Management Redemption and Continuing Cash Management (Announcement No.: 2021-076). The above wealth management products have expired and redeemed on March 2, 2022. The details are as follows:
Unit: ten thousand yuan
2. Overview of this cash management
(1) Purpose of cash management
Since the raised funds will be gradually put into use in accordance with the raised funds investment plan, the company adheres to the principle of maximizing the interests of shareholders, in order to avoid idle raised funds, improve the use efficiency of raised funds, and obtain better investment returns.
(2) Source of funds
The company’s entrusted wealth management funds all come from idle raised funds.
(3) Basic information of cash management products
(IV) The company’s internal control over risks related to cash management
1. The products purchased by the company are investment products with high security, good liquidity, and guaranteed capital, and the risks are controllable. The company will follow the principle of prudence and choose products issued by issuers with large scale, good reputation and ability to ensure the safety of funds for investment.
2. The financial department of the company will conduct the approval and implementation of cash management in strict accordance with the internal control system, timely analyze and track the investment direction and progress of investment products, strengthen risk control, and ensure the safety of funds.
3. The company’s independent directors and the board of supervisors have the right to supervise and inspect the use of funds, and may hire professional institutions to conduct audits if necessary.
4. The company will do a good job in disclosure of relevant information in accordance with the relevant regulations of the Shanghai Stock Exchange.
3. The specific situation of this cash management
(1) Main terms of the cash management product contract
1. Party A: Pujiang Dahai Co., Ltd.
Party B: Huatai Securities Co., Ltd.
2. Party A: Pujiang Dahai Affairs Co., Ltd.
Party B: Huatai Securities Co., Ltd.
3. Party A: Pujiang Dahai Affairs Co., Ltd.
Party B: China Securities Co., Ltd.
(2) This cash management will not affect the normal investment of fundraising projects
This time, some temporarily idle raised funds are used for cash management, which meets the requirements of high security and good liquidity. There is no behavior of changing the use of raised funds in disguise, and it will not affect the normal progress of fundraising projects.
(3) Risk control analysis
On the basis of ensuring the normal operation of fundraising projects and helping the company’s operating efficiency, the company’s cash management business has been reviewed and decided by the company’s board of directors, with strict process control and careful product selection.
4. Status of the cash management trustee
Huatai Securities Co., Ltd. (stock code: 601688) and China Securities Co., Ltd. (stock code: 601066), the trustees of this entrusted wealth management, are both listed companies on the Shanghai Stock Exchange and act in concert with the company, its controlling shareholder and its There is no relationship between the person and the actual controller.
V. Impact on the company
(1) Financial indicators of the company in the most recent year and period
Unit: ten thousand yuan
The total amount of cash management this time is 100 million yuan, accounting for 18.16% of the company’s latest monetary funds. The funds used are idle raised funds, which will not affect the construction progress of the raised funds investment projects and the use of raised funds, and there is no large amount of funds. The situation of purchasing a large amount of wealth management products at the same time as debt.
(2) According to the relevant accounting standards, the company lists the purchased wealth management products as “trading financial assets” in the balance sheet, interest income is included in the “investment income” in the income statement, and changes in fair value are included in the income statement “” Gains from changes in fair value”.
6. Risk Warning
The wealth management products purchased by the company this time are medium and low-risk products with guaranteed capital and floating returns, but the financial market is greatly affected by the macro economy, and it cannot be ruled out that the investment is subject to market risks, policy risks, liquidity risks, force majeure risks and other risks factors that affect expected returns.
7. As of the date of this announcement, the company’s use of raised funds for cash management in the last twelve months
Unit: ten thousand yuan
Special announcement.
Board of Directors of Haitian Water Group Co., Ltd.
March 4, 2022