Most huodebang lighting uses temporarily idle rais

Debang lighting: use temporarily idle raised funds for cash management due recovery

Debang lighting: use temporarily idle raised funds for cash management due recovery

time: October 25, 2019 16:41:44 zhongcaiyuan Title:: Announcement on using temporarily idle raised funds for cash management due recovery

securities code: 603303 securities abbreviation: Announcement number:

Hengdian Group 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 contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents

in order to improve the efficiency of the use of raised funds and increase the income of the company and its shareholders, Hengdian Group Co., Ltd. (hereinafter referred to as "the company") held the 16th meeting of the second board of directors on October 24, 2018,

the proposal on cash management using the temporarily idle raised funds of the company's key research projects high-purity electrolyte preparation and compounding technology, high specific volume electrode and high temperature resistant diaphragm preparation technology department was reviewed and approved, and it was agreed that the temporarily idle raised funds of no more than RMB

350 million would be used for cash management without affecting the construction of the investment projects of the raised funds and the normal operation of the company, It shall be valid for one year from the date of approval by the board of directors. Within the above limit and period, the fund can be used on a rolling basis. At the same time, the chairman of the company is authorized to exercise the investment decision-making power and sign relevant contract documents. For details, please refer to the announcement of Hengdian Group Co., Ltd. on cash management using the raised funds idle temporarily (Announcement No. 441.3:) disclosed by the company in the designated information disclosure media on October 25, 2018

I. The due recovery of the purchase of wealth management products with some idle raised funds

the company signed the China comprehensive wealth management service agreement and its attachments with Hangzhou branch of China Limited (hereinafter referred to as "Minsheng Bank") on June 23, 2019, and entrusted Minsheng Bank

to manage the company's 70million yuan of idle raised funds, For details, see the implementation announcement of Hengdian Group Co., Ltd. on the use of temporarily idle raised funds for cash management (Announcement No.:) disclosed by the company in the designated information disclosure media on June 25, 2019

the above financial products have expired on October 24, 2019, with a maturity amount of 70million yuan. The company has received

the principal of 70million yuan and received 1070513.89 yuan of wealth management income, which is not significantly different from the expected income. The company has transferred the principal and income to the raised funds account

II. As of the date of this announcement, the company used the temporarily idle raised funds for cash management

as of the date of this announcement, the company used the temporarily idle raised funds for cash management with a balance of RMB

130 million, which meets the requirements of the period of green development