Recently, I received the "On-site Inspection Report of Everbright Securities Co., Ltd. on the Continuous Supervision of Jinyi Industrial Co., Ltd. 202/KLOC-0", which stated that the company had the following problems:
1. The company has idle self-owned funds to finance beyond the amount authorized by the shareholders' meeting. Specifically, as of February, 20021year, the company's single-day maximum investment balance of using idle self-owned funds to purchase bank wealth management products in recent 12 months reached 577.36 million yuan, exceeding the quota of 320 million yuan authorized by the shareholders' meeting. The largest excess amount is 257.36 million yuan, accounting for 9.48% of the latest audited net assets. On February 25th, 20021year, the shareholders' meeting of the company reviewed and approved the above Supplementary Confirmation of Idle Funds Financing.
2. The company fails to perform the decision-making procedures in time in the daily related party transactions. Specifically, Jinyi Logistics Co., Ltd. (renamed "Jinshunxin Industrial Technology Co., Ltd."), a wholly-owned subsidiary of the company, was changed into a corporate enterprise in June 2020 and became a related party of the company. From June, 2020 1 1 to February, 2026 1, the total amount of daily related party transactions of Jinyi Logistics was 425,006,900 yuan, accounting for143,900 of the company's audited net assets in 20 19. However, the company did not regard Jinyi Logistics as a related party, nor did it timely fulfill the review procedures and information disclosure obligations of the shareholders' meeting on the above-mentioned daily related party transactions.
3. The company failed to fulfill the decision-making procedures in time in the capital transactions with related parties. 2065438+July 2009, Jinyi Industrial and Jinyi Logistics (at that time, Jinyi Logistics was a wholly-owned subsidiary of Jinyi Industrial) signed a business cooperation agreement with Zheshang Bank to carry out accounts receivable financing business.
Both parties agree that Jinyi Industrial and Jinyi Logistics apply to Zheshang Bank for the credit line of accounts receivable financing. Approved by Zheshang Bank, the final credit line of Jinyi Industrial is 1. 1 100 million yuan, and the final credit line of Jinyi Logistics is 40 million yuan. At the same time, Jinyi Industrial and Jinyi Logistics provide mutual insurance for this business (the guarantee agreement expired in August 2020, and no agreement has been renewed since then). The form of guarantee is the pledge of accounts receivable formed by the purchase and sale business of both parties (for details, please refer to the Announcement of the Company on Providing Guarantee for the Financing of wholly-owned subsidiaries issued on August 28, 20 19-036).