Xinjiang Zhongtai Chenical Co.Ltd(002092)
As of December 31, 2021
Verification report on the use of the previously raised funds
Index page number
Assurance Report
Report on the use of previously raised funds as of December 31, 2021 1 1-19
Verification report on the use of the previously raised funds
Xyzh / 2022bjaa150025 Xinjiang Zhongtai Chenical Co.Ltd(002092) all shareholders:
We have verified the attached report on the use of RMB common stock funds raised by Xinjiang Zhongtai Chenical Co.Ltd(002092) (hereinafter referred to as ” Xinjiang Zhongtai Chenical Co.Ltd(002092) “) in July 2016 and RMB common stock funds raised in July 2021 (hereinafter referred to as the previous raised funds) as of December 31, 2021 (hereinafter referred to as the previous raised funds use report).
Xinjiang Zhongtai Chenical Co.Ltd(002092) the responsibility of the management is to prepare the report on the use of the previously raised funds in accordance with the relevant provisions of the China Securities Regulatory Commission and Shenzhen Stock Exchange. This responsibility includes designing, implementing and maintaining the internal control related to the preparation of the report on the use of the previously raised funds, ensuring that the report on the use of the previously raised funds is true, accurate and complete, and there is no material misstatement caused by fraud or error. Our responsibility is to express assurance opinions on the use report of the previously raised funds on the basis of the implementation of assurance work.
We have carried out the assurance work in accordance with the provisions of other assurance business standards for Chinese certified public accountants No. 3101 – assurance business other than audit or review of historical financial information, so as to obtain reasonable assurance about whether there is no material misstatement in the report on the use of the previously raised funds. In the process of carrying out the assurance work, we have implemented the necessary assurance procedures such as inquiry, inspection and recalculation, and the selected procedures depend on our professional judgment. We believe that our assurance work provides a reasonable basis for expressing opinions.
Xinjiang Zhongtai Chenical Co.Ltd(002092) report on the use of previously raised funds as of December 31, 2021
January 1, 2021 to December 31, 2021
(unless otherwise specified, this report is presented in RMB)
Xinjiang Zhongtai Chenical Co.Ltd(002092)
As of December 31, 2021
Report on the use of previously raised funds
The board of directors of Xinjiang Zhongtai Chenical Co.Ltd(002092) (hereinafter referred to as the company) prepared the RMB common stock funds raised by the company in July 2016 in accordance with the measures for the administration of securities issuance of listed companies (order 163 of the China Securities Regulatory Commission) and the provisions on the report on the use of the previously raised funds (Zheng Jian FA Xing Zi [2007] No. 500) issued by the China Securities Regulatory Commission Report on the use of RMB common stock funds raised in July 2021 as of December 31, 2021 (hereinafter referred to as the report on the use of previously raised funds). The board of directors of the company guarantees that the contents of the report on the use of the previously raised funds are true, accurate and complete, and there are no false records, misleading statements or major omissions. 1、 Previous fund raising
(I) availability of funds raised last time
1. Year 2016
With the approval of the reply on approving Xinjiang Zhongtai Chenical Co.Ltd(002092) issuing shares to Zhejiang Fulida Co., Ltd. to purchase assets and raise supporting funds (zjxk [2016] No. 788) issued by China Securities Regulatory Commission, the company submitted to Zhejiang Fulida Co., Ltd 13 companies including Xinjiang Zhongtai (Group) Co., Ltd. issued 378125380 shares to purchase 54% equity of Xinjiang Zhongtai Textile Group Co., Ltd. (hereinafter referred to as “Zhongtai Textile Group”) (formerly “Xinjiang Fulida Fiber Co., Ltd”) (hereinafter referred to as “Xinjiang Fulida”) Bazhou Jinfu special yarn industry Co., Ltd. (hereinafter referred to as “Jinfu yarn industry”) has 49% equity and Xinjiang Lantian petrochemical logistics Co., Ltd. (hereinafter referred to as “Lantian logistics”) has 100% equity. At the same time, the company is approved to issue no more than 377049180 new shares to raise matching funds for the purchase of assets by issuing shares.
This non-public offering actually issued 377049180 shares at a price of 7.32 yuan per share. The total amount of funds raised was 27599997.60 yuan. After deducting the issuance expenses of 86414210.48 yuan (including financial consulting fees and underwriting expenses of 83399999.96 yuan and other relevant issuance expenses paid by the company of 3014210.52 yuan), the net amount of funds actually raised was 2673585787.12 yuan, On July 26, 2016, it was deposited into the company’s special account for raised funds of CDB Xinjiang Branch 65101560065742360000. The availability of the above raised funds has been verified by Ruihua Certified Public Accountants (special general partnership) and a capital verification report (rhyz [2016] No. 01740006) has been issued.
Xinjiang Fulida and Lantian logistics opened special accounts for raising funds in Industrial Bank Co.Ltd(601166) Urumqi branch on July 12, 2016, and Jinfu yarn opened special accounts for raising funds in Agricultural Bank Of China Limited(601288) Urumqi Zhongshan Road branch on July 14, 2016.
2. Year 2021
Approved by the reply on approving Xinjiang Zhongtai Chenical Co.Ltd(002092) non-public development of shares issued by the China Securities Regulatory Commission on January 21, 2021, zjxk [2021] No. 194, Xinjiang Zhongtai Chenical Co.Ltd(002092) non-public issuance of 429289919 new shares to specific objects such as Zhongtai group, with an issue price of 8.88 yuan / share and a total raised capital of 3812094480.72 yuan, After deducting the issuance expenses (excluding tax) of 56576138.80 yuan, the net amount of funds actually raised is 3755518341.92 yuan. As of July 21, 2021, the raised funds have been deposited into the special account of the company’s raised funds, verified by ShineWing Certified Public Accountants (special general partnership), and issued the capital verification report (xksbz [2021] No. xyzh / 2021bjaa150987).
On Xinjiang Zhongtai Chenical Co.Ltd(002092) July 23, 2021, the amount of 3752123773.59 yuan after deducting lawyer fees and announcement fees was transferred to the special account for raised funds of tuokesun energy chemical, including 2499093800 yuan deposited in the raised funds account of Urumqi branch of Shanghai Pudong Development Bank; Industrial Bank Co.Ltd(601166) Urumqi Branch deposited 1253029973.59 yuan in the raised capital account.
(II) use and balance of the previously raised funds
1. Year 2016
Project amount (yuan)
Net proceeds 2673585787.12
Less: capital increase of 954028200.00 to Zhongtai Textile Group
Add 648095700.00 capital to Jinfu yarn industry
Capital increase to Lantian logistics 357447500.00
Repayment of bank loans 714014387.12
Balance of raised funds account 0.00
As of December 31, 2021, the use of funds raised by Zhongtai Textile Group, Jinfu yarn industry and Lantian logistics is as follows:
(1) Use of funds raised by Zhongtai Textile Group:
As of 2020, the accumulated use of funds raised in 2021
Usage usage
Net amount of raised funds 954028200.00 954028200.00
Less: capital increase to Jinfu yarn industry 674548600.00
1316700.00 1316700.00 raised investment projects invested in the early stage of replacement
Temporary replenishment of working capital 785000000.00 785000000.00
Invested in the original fund-raising project – 90000 tons / 55855252.69 year green pulping project
Investment change fund-raising project – environmental protection 180432802.16 180432802.16 strategic pilot R & D and construction project
National debt reverse repurchase investment 5000000.00
Permanently replenish the company’s working capital 42210216.24
Add: temporary replenishment of working capital, return of raised funds account of 785000000.00 785000000.00
Recovery of treasury bond reverse repurchase investment 5014766.04 5014766.04
Interest and handling charges 320605.05 320605.05
As of 2020, the accumulated use of funds raised in 2021
Usage usage
Balance of raised funds account 0.00 0.00
(2) Use of funds raised by Jinfu yarn industry:
As of 2020, the accumulated use of funds raised in 2021
Usage usage
Net proceeds 1322644300.00
Less: 732852127.34 of projects invested with raised funds in the early stage of replacement
954109866.4109849 permanent supplementary liquidity
Initial working capital 54094423.04 54094423.04
Temporary replenishment of working capital 84000000.00 84000000.00
Projects directly invested in raised funds 126027975.37
