Ya Yun Shares (603790): Announcements (Series)

Securities code: 603790 securities short: Ya Yun share announcement number: 2019-010

Shanghai Ya Yun textile chemical Limited by Share Ltd

Announcement of the seventeenth meeting of the third board of directors

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

The Shanghai Ya Yun textile chemical Limited by Share Ltd (hereinafter referred to as "the company") issued a notice on the seventeenth meeting of the third board of directors of the company in February 12, 2019 by special delivery and e-mail. The meeting was held in February 15, 2019 on the spot and with communication.

The meeting was presided over by Mr. Xie Bing, chairman of the board. He should attend 9 directors. He actually attended 9 directors and some of the company's supervisors and senior management attended the meeting.

The convening and convening of this conference is in line with the relevant laws and regulations of the People's Republic of China company law and the provisions of the Shanghai Charter of the textile and chemical industry of Shanghai (hereinafter referred to as the "articles of association"). The conference is lawful and effective.

Following the careful discussion and deliberation of the directors attending the meeting, the following motion was unanimously adopted by voting:

I. deliberation and adoption of the motion on technology development of the company in 2019.

Agree to the 2019 technology development project and the corresponding cost budget reported by the technology center of the company.

Voting result: 9 votes agreed, 0 votes against, 0 abstentions.

Two. Deliberation and adoption of the motion on the use of idle private funds for cash management.

The company intends to use its own capital with a maximum cash management balance of not more than 200 million yuan (inclusive). Under the premise of ensuring the company's daily operating capital requirements and capital safety, it will timely choose the cash management with low security risk and good liquidity. The time limit will be 12 months, and the authorized officer of the Licensing companies or the chairman of the board will exercise the investment decision-making power within the scope of authorization and sign relevant contract documents.

The company's independent director made clear agreement on this.

The details are listed in the Shanghai stock exchange website (www.sse.com.cn) and the "Shanghai Yat Yun textile chemical Limited by Share Ltd" announcements on the use of idle private funds for cash management (Bulletin number: 2019-012).

Voting result: 9 votes agreed, 0 votes against, 0 abstentions.

Notice hereby.

Shanghai Ya Yun textile chemical Limited by Share Ltd board

February 16, 2019

Securities code: 603790 securities short: Ya Yun share announcement number: 2019-011

Shanghai Ya Yun textile chemical Limited by Share Ltd

Announcement of the third session of the eleventh meeting of the board of supervisors

The board of supervisors and all supervisors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this notice, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

The Shanghai Ya Yun textile chemical Limited by Share Ltd (hereinafter referred to as "the company") issued a notice on the eleventh meeting of the third supervisory board of the company in February 12, 2019 in the form of special delivery and e-mail. The meeting was held in the company conference room on February 15, 2019.

The meeting was presided over by Mr. Jiang Xiaofeng, chairman of the board of supervisors. He should attend 3 supervisors and attend 3 supervisors.

The convening and convening of this conference is in line with the relevant laws and regulations of the People's Republic of China company law and the provisions of the Shanghai Charter of the textile and chemical industry of Shanghai (hereinafter referred to as the "articles of association"). The conference is lawful and effective.

After careful deliberation and deliberation by the participating supervisors, the following motion was unanimously adopted by voting:

1. Deliberation and adoption of the motion on the use of idle self owned funds for cash management.

The company intends to use its own capital with a maximum cash management balance of not more than 200 million yuan (inclusive). Under the premise of ensuring the company's daily operating capital requirements and capital safety, it will timely choose the cash management with low security risk and good liquidity. The time limit will be 12 months, and the authorized officer of the Licensing companies or the chairman of the board will exercise the investment decision-making power within the scope of authorization and sign relevant contract documents.

The board of supervisors believes that the company intends to use the idle cash capital of its maximum cash management balance of not more than 200 million yuan (including) to purchase timely, low-risk financial products with high security and good liquidity with a period of not more than 12 months. The purpose is to improve the efficiency of capital use and increase the profits of funds, which is in line with the interests of the company and all shareholders.

The relevant deliberative voting procedure is lawful and effective, and is in conformity with the relevant laws and regulations and the provisions of the articles of association and relevant systems.

The details are listed in the Shanghai stock exchange website (www.sse.com.cn) and the "Shanghai Yat Yun textile chemical Limited by Share Ltd" announcements on the use of idle private funds for cash management (Bulletin number: 2019-012).

Voting result: 3 votes agreed, 0 votes against, 0 abstentions.

Notice hereby.

Shanghai Ya Yun textile chemical Limited by Share Ltd board of supervisors

February 16, 2019

Securities code: 603790 securities short: Ya Yun share announcement number: 2019-012

Shanghai Ya Yun textile chemical Limited by Share Ltd announcements on the use of idle funds for cash management

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Shanghai Ya Yun textile chemical joint stock Limited by Share Ltd (hereinafter referred to as "company" and "Ya Yun share") held the seventeenth meeting of the third board of directors in February 15, 2019. It considered and passed the motion on the use of idle funds for cash management. It agreed that the company should use its own cash with a maximum cash management balance of not more than 200 million yuan (inclusive), and purchase timely, low-risk financial products with high security and good liquidity with a period of not more than 12 months.

Within the above time limit and amount, funds can be scrolled, and the authorized officers of the Licensing companies or the chairman of the board exercise the right to make investment decisions and sign relevant contract documents within the above limits.

The validity of the resolution is 12 months from the date of the seventeenth meeting of the third board of directors of the company.

The relevant matters are hereby announced as follows:

I. The basic situation of cash management

1, investment purpose

In order to improve the efficiency of fund utilization, under the premise of ensuring the daily operation capital requirements and capital safety, we should make reasonable use of some idle private funds to manage cash, increase capital gains, and obtain more investment returns for the company and shareholders.

2. Limit and duration

The company intends to use its own capital with a maximum cash management balance of not more than 200 million yuan (inclusive), and purchase timely, low-risk investment products with high security and good liquidity. It will be valid for 12 months from the date of deliberation and approval by the board of directors. Within the above limits and time limits, the investment quota can be rolled jointly by the company and its wholly-owned subsidiary.

3, investment varieties

In order to control the risk of capital use, the company intends to use some of its idle funds to purchase low-risk investment products with high security and good liquidity, such as low-risk financial products and structured deposits issued by banks and securities companies.

4, the effective period of investment decisions

The resolution is valid within 12 months from the date of the seventeenth meeting of the third board of directors of the company.

5, implementation mode

The chairman of the board of directors or the chairman of the board of directors of the Licensing companies shall exercise the right to make investment decisions within the scope of authorization and sign relevant contract documents, and the specific matters shall be organized and implemented by the company's finance department.

6. Source of funds

The company idle its own funds.

7, information disclosure

The company will, in accordance with the relevant regulations of the Shanghai stock exchange, disclose the obligation of information disclosure in time when using its own funds for cash management.

Two, risk control measures

1, companies and subsidiaries purchase high-risk products with high security and liquidity.

At the same time, we must strictly observe the principle of prudent investment, select investment targets, and choose products that are reputable, large scale, capable of ensuring fund safety, good operating efficiency and strong capital operation capability.

The company will track the investment of financial products timely according to the market situation. If we find potential risk factors, we will organize the evaluation and take corresponding measures to protect the investment risk in time.

2, the company and its subsidiaries have established and improved the special fund management system according to relevant laws and regulations, standardized the approval and execution procedures of cash management, and ensured the effective development and standardized operation of cash management matters.

3. The company's internal audit department is responsible for auditing and supervising the use and storage of funds for the purchase of financial products. It regularly reviews the examination and approval, operation, capital utilization and profit and loss situation of the cash management business, and conducts a verification of the accounting treatment. Based on the principle of prudence, it forecasts the possible gains and losses of various investments and reports to the board of directors Audit Committee of the company.

4, independent directors and board of supervisors have the right to supervise and inspect the use of funds.

5, the board of directors of the company will fulfill the obligation of information disclosure in accordance with the relevant provisions of the Shanghai stock exchange.

Three, the impact on the company's business

Cash management by using idle private funds is implemented on the premise that it is in line with national laws and regulations, ensuring the daily operation capital requirements and ensuring the safety of funds. It will not affect the normal development of the main business of the company, improve the efficiency of the company's own funds, increase the capital gains, and gain more investment returns for the company and shareholders.

Four. Special opinions

1. Views of independent directors

The company intends to use its own capital with a maximum cash management balance of not more than 200 million yuan (inclusive). Under the premise of ensuring the company's daily operating capital requirements and capital safety, it will timely choose the cash management with low security risk and good liquidity. The time limit will be 12 months, and the authorized officer of the Licensing companies or the chairman of the board will exercise the investment decision-making power within the scope of authorization and sign relevant contract documents.

The company's use of idle private funds for cash management can reasonably improve the efficiency of capital use and increase capital gains, which is in line with the interests of the company and all shareholders. The corresponding decision-making procedures comply with the relevant provisions of the company law, the Shanghai Stock Exchange Listing Rules and the articles of association and other relevant laws, regulations and the company system, and follow the principles of fairness, openness and fairness. The voting procedure is legal and effective, without prejudice to the interests of the company and other shareholders.

We agree with the motion of the board of directors on cash management using idle funds.

2, board of supervisors opinion

The board of supervisors believes that the company intends to use the unused funds of the maximum cash management balance not exceeding RMB 200 million yuan (containing) to buy low risk financial products with high security and good liquidity in time. The time limit is not more than 12 months. The purpose is to improve the efficiency of capital use and increase the income of funds, which is in line with the interests of the company and all shareholders.

The relevant deliberative voting procedure is lawful and effective, and is in conformity with the relevant laws and regulations and the provisions of the articles of association and relevant systems.

Five. Within twelve months before the announcement, the company used its own funds to carry out cash management.

As of the date of this announcement, the cumulative amount of cash management used by the company in the past twelve months was 64 million yuan.

As of the announcement date, the balance of cash management used by the company using idle funds is 0.

Notice hereby.

Shanghai Ya Yun textile chemical Limited by Share Ltd board

February 16, 2019