Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040)
Report on the use of previously raised funds
In accordance with the provisions of the China Securities Regulatory Commission on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500), the measures for the administration of the raised funds of Listed Companies in Shenzhen Stock Exchange, the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange and the relevant format guidelines, Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040) (hereinafter referred to as "the company") will report the use of the previously raised funds as of December 31, 2021 as follows:
1、 Previous fund raising
(I) actual amount of raised funds and availability of funds
According to the reply of the China Securities Regulatory Commission on Approving the registration of Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040) initial public offering (zjxk [2021] No. 1869), the company was approved to publicly issue 25000000 ordinary shares (A shares) to the public, with an issue price of 13.57 yuan per share and a total raised capital of 339.25 million yuan, After deducting the total issuance expenses of 58.8802 million yuan (excluding value-added tax), the net amount of funds actually raised was 280.3698 million yuan. The availability of the above funds has been verified by Rongcheng Certified Public Accountants (special general partnership) and a capital verification report (Rongcheng Yan Zi [2021] No. 216z0027) has been issued.
(II) deposit and management of raised funds
The company has adopted a special account storage system for the raised funds. After receiving the raised funds on August 17, 2021, the company, together with the sponsor, signed the tripartite supervision agreement on raised funds with Shanghai Pudong Development Bank Co.Ltd(600000) Zhangjiagang sub branch, Jinfeng sub branch of Zhangjiagang Rural Commercial Bank Co., Ltd., Bank Of Communications Co.Ltd(601328) Zhangjiagang Renmin Road sub branch and China Merchants Bank Co.Ltd(600036) Zhangjiagang sub branch respectively to manage the deposit and use of raised funds. There is no significant difference between the tripartite regulatory agreement and the model tripartite regulatory agreement of Shenzhen Stock Exchange, and there is no problem in the performance of the tripartite regulatory agreement.
(III) use and balance of raised funds
As of December 31, 2021, the use of the company's raised funds was: 170.4836 million yuan was directly invested in the raised funds projects (including 135.9357 million yuan of self raised funds invested in the raised funds investment projects in advance by the company with the raised funds), and 58.8101 million yuan of issuance expenses were paid (including 3.8582 million yuan of self raised funds paid by the company with the raised funds), The net amount of bank interest income deducting bank handling charges is 322200 yuan. On December 31, 2021, the balance of the special account for raised funds was 110.2785 million yuan.
As of December 31, 2021, the use and balance of raised funds are as follows:
Unit: RMB
Project name and amount
The total amount of funds raised on August 17, 2021 was 339250000.00
Less: issuing expenses 58880239.75
The net amount of funds raised on August 17, 2021 was 280369760.25
Plus: net amount of bank interest income deducting bank handling charges 322150.04
Payable outstanding issuance expenses (Note 1) 70109.94
Less: 135935659.22 self raised funds for replacement of projects invested with raised funds in advance
Use amount of raised investment projects (after the funds are received) 34547904.45
As of December 31, 2021, the balance of unused raised funds was 110278456.56
Including: deposit balance of special account for raised funds 110278456.56
Note 1: in August 2021, the company paid the issuance fee - stamp duty of 70109.94 yuan with its own capital account.
As of December 31, 2021, the storage of raised funds is as follows:
Unit: RMB
Sequence deposit bank account No. bank account nature raised fund balance No
1 Shanghai Pudong Development Bank Co., Ltd. has 891100788016000001650 non budget unit 2153672.64 special deposit account of Zhangjiagang sub branch of limited company
2 special deposit account of Zhangjiagang rural commercial bank Jinfeng 8008288803973 non budget unit 61430602.86 sub branch
3 Bank Of Communications Co.Ltd(601328) Zhang 387062720013000094696 non budget unit 31235057.63 special deposit account of Jiagang Renmin Road sub branch
4 China Merchants Bank Co.Ltd(600036) special deposit account of Suzhou Branch Zhangjiagang 51290314421011 non budget unit 15459123.43 sub branch
Total - 110278456.56
2、 Description of the actual use of the previously raised funds
(I) comparison table of the use of the previously raised funds
As of December 31, 2021, the comparison table of the use of previously raised funds is detailed in Annex 1 comparison table of the use of previously raised funds of this report.
(II) description of changes in the actual investment projects of the previously raised funds
As of December 31, 2021, the actual investment projects of the company's previously raised funds have not changed.
(III) contents and reasons for the difference between the actual total investment of the project raised in the previous time and the commitment
Unit: RMB 10000
Reasons for the difference in the amount of raised funds actually invested in the promised investment project
Total investment
The raised funds have been received
The green wisdom of high-end ring forgings is nearly completed,
Can manufacture project 15614.00 15417.36 196.64 exceeding budget
With its own funds and
Bill payment
The supporting finishing production line 7718.48 1583.00 6135.48 is mainly the project department
The construction project is in the construction period and raised
The R & D center construction project 3168.18 48.00 3120.18 has not been funded yet
Used up
Supplementary working capital 1536.32 not applicable
Total 28036.98 17048.36 10988.62
Note: as of December 31, 2021, the company has directly invested 170.4836 million yuan (including 135.9357 million yuan of self raised funds that the company has invested in the investment projects with raised funds in advance) from the special account for raised funds, and paid the issuance fee - Stamp Tax of 70100 yuan through its own funds, The net amount of interest income generated from the raised capital account after deducting bank handling charges is 322200 yuan.
(IV) description of the external transfer or replacement of the investment project of the previously raised funds
The company's use of the raised funds of RMB 139.7939 million to replace the self raised funds that have been invested in the raised investment projects and early issuance expenses in advance has been deliberated and approved by the resolution of the third meeting of the third board of directors and the resolution of the third meeting of the third board of supervisors. The company has completed the above replacement in August 2021. The above investment and replacement are verified by Rongcheng Certified Public Accountants (special general partnership) and issued Rongcheng zhuanzi [2021] No. 216z0152 assurance report on Zhangjiagang Zhonghuan Hailu High-End Equipmentco.Ltd(301040) pre investment of raised capital investment projects and payment of issuance expenses with self raised funds. The company's independent directors, the board of supervisors and the recommendation institution all expressed their opinions on the replacement.
On September 30, 2021, the company held the fourth meeting of the third board of directors and the fourth meeting of the third board of supervisors, deliberated and adopted the proposal on using bank acceptance bills to pay the funds required for raised investment projects and replace them with the raised funds in equal amount, and agreed that during the implementation of raised capital investment projects, Use bank acceptance bills and other bills to pay the funds required for the raised investment project, and then regularly replace them with the raised funds in the same amount, and transfer them from the special account of raised funds to the general deposit account of the company. This part of the equal replacement funds is regarded as the funds used for the raised investment project. As of December 31, 2021, in addition to the above replaced RMB 139.7939 million, the company has not transferred the funds from the special account of raised funds to the general account of the company to replace the funds required by the company to pay the raised investment projects in the form of bank bills in advance in an equal amount.
As of December 31, 2021, the company has no external transfer of investment projects with the previously raised funds.
(V) description of idle raised funds
On August 25, 2021, the third meeting of the third board of directors and the third meeting of the third board of supervisors considered and approved the proposal on cash management with temporarily idle raised funds, and agreed that the company would not affect the construction of investment projects with raised funds, normal production and operation and ensure the safety of funds, The temporarily idle raised funds with a maximum balance of no more than RMB 80 million shall be used for cash management. The service life shall be effective within 12 months from the date of deliberation and approval by the board of directors. The funds can be recycled and rolled within the above-mentioned limit and term. After the cash management of idle raised funds expires, it will be returned to the special account for raised funds in time.
As of December 31, 2021, due to the rapid construction progress of the raised investment project and the large amount of capital expenditure, the company has not actually used the idle raised funds for cash management.
3、 Description of the benefits achieved by the investment project of the previously raised funds
(I) comparison table of realized benefits of investment projects with previously raised funds
See Annex 2 of this report for the comparison table of the benefits achieved by the investment projects with the previously raised funds
