Mingyang Circuit (300739.SZ) announced that the 38th (interim) meeting of the second session of the Board of Directors and the 30th (interim) meeting of the second session of the Board of Supervisors were held on December 23, 2021 to examine and approve the "motion on the use of part of idle self-owned funds and part of idle funds raised for cash management". It is agreed that the company and its holding subsidiaries shall use idle self-owned funds with a maximum amount of no more than 600 million yuan and temporary idle funds of no more than 600 million yuan for cash management, and purchase financial products with high security and good liquidity, the funds can be used on a rolling basis, but the use of idle raised funds to purchase financial products must also meet the requirements of no more than 12 months for individual product investment and capital preservation.
At the same time, the chairman of the company is authorized to exercise the investment decision-making power within the quota and sign relevant legal documents (including but not limited to: selecting qualified issuers of financial products, defining the amount of financial management, selecting the variety of financial products, signing contracts, etc.), authorize the finance department of the company to implement related matters.
The above-mentioned cash management quota needs to be submitted to the shareholders' general meeting of the company for deliberation, and the investment period shall be valid within 12 months from the date of consideration and approval of the shareholders' general meeting, and the cash management quota can be used on a rolling basis during the aforementioned period of validity.