Securities code: 603038 securities abbreviation: Dongguan Huali Industries Co.Ltd(603038) Announcement No.: 2022-004 Dongguan Huali Industries Co.Ltd(603038)
Announcement on the commissioning of the raised investment project "Hubei huazhili decoration material factory project" (phase I)
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Dongguan Huali Industries Co.Ltd(603038) (hereinafter referred to as "the company" and " Dongguan Huali Industries Co.Ltd(603038) ") is a non-public offering and investment project "Hubei huazhili decoration material factory project" (hereinafter referred to as "the project" or "the project"), and the project implementation subject is Hubei huafuli Decoration Material Co., Ltd. (hereinafter referred to as "Hubei huafuli"). At present, the construction of the project (phase I) has been completed and has entered the stage of production. The relevant information is hereby announced as follows:
1、 Overview of funds raised by non-public offering of shares
According to the reply on approving Dongguan Huali Industries Co.Ltd(603038) non-public shares issued by China Securities Regulatory Commission (zjxk [2021] No. 791), the company actually issued 22542830 shares in this non-public offering, and the total amount of funds raised was RMB 24999984.70, after deducting the issuance expenses excluding tax of RMB 9979162.12, The net amount of funds actually raised was 240020822.58 yuan. Grant Thornton Certified Public Accountants (special general partnership) has verified the availability of funds raised from the non-public offering of A-Shares and issued the capital verification report (Grant Thornton Yan Zi (2021) No. 441c000531).
The company adjusted the funds to be invested and raised according to the plan for non-public development of shares in 2020 (Revised Draft) and the actual funds raised. The adjusted investment projects of raised funds and the use arrangements of raised funds are as follows:
Unit: 10000 yuan
Project Name: proposed fund-raising amount before total investment adjustment and proposed fund-raising amount after adjustment
1 Hubei huazhili decoration material factory project 56000.00 42000.00 16802.08
2 supplementary working capital 9980.00 9980.00 7200.00
Total 65980.00 51980.00 24002.08
2、 Basic information of the project
1. Project name
Hubei huazhili decoration material factory project
2. Project implementation subject
Hubei huafuli Decoration Material Co., Ltd
3. Project implementation location
North of Huangzhou Avenue, east of Nanhu 6th Road and west of Nanhu 7th Road, Huanggang City
4. Project construction period
42 months
5. Total investment of the project
The total investment amount of the project is 560 million yuan, of which the equipment investment of 30 million yuan related to edge banding products and decorative composite materials is not invested temporarily, and the proposed investment amount of the project is 530 million yuan.
6. Main contents of project construction
The new production base and automatic production line will adopt advanced automatic production equipment. It is estimated that the annual output of decorative panels will be 190000 cubic meters and 6000 tons of profiled decorative materials after the production. Some of the plant construction has been invested in advance with self raised funds.
7. Replacement of raised funds
In order to ensure the smooth implementation of the company's investment projects with raised funds, the company made early investment in the investment projects with raised funds according to the actual situation. On August 10, 2021, the company held the 17th meeting of the 5th board of directors and the 13th meeting of the 5th board of supervisors, deliberated and adopted the proposal on using raised funds to replace self raised funds for pre invested projects and paid issuance expenses, and agreed to use raised funds to replace self raised funds for pre invested projects of 10691300.00 yuan. The independent directors of the company expressed their independent opinions on this matter. For details, see the announcement on using raised funds to replace self raised funds invested in raised investment projects in advance and paid issuance expenses (Announcement No.: 2021-053). 3、 Description of project progress and its impact on the company
Up to now, the "Hubei huazhili decoration material factory project" (phase I) has completed project preparation, project implementation, software and hardware procurement, installation and commissioning, personnel recruitment and training, and entered the production stage. "Hubei huazhili decorative material factory project" (phase I) focuses on expanding the large-scale production capacity of decorative panels on the basis of the existing production capacity. After the project is put into operation, the decorative panel can be sold together with the edge banding, so as to consolidate the leading position of the company in the edge banding business. At the same time, the customer resources accumulated by the edge banding business can open the market for the decorative panel business, so as to realize the mutual promotion and coordinated development of the company's product sales, broaden the company's business application space, and break through the restriction of a single product structure on the company's development, Improve the company's market share and create higher economic benefits.
The plant area of the project is located in the Yangtze River economic belt. The sector waterway transportation is relatively convenient, and the radiation range can cover central and Northern China, which is in line with the company's continuous adjustment and optimization of the strategic layout in the main furniture industry agglomeration areas in China, and fills the gap of the company's production business and service supporting facilities in Central China. At present, the project (phase I) has entered the production stage, which will further expand the business coverage and rapid supply capacity, and realize high-quality services and marketing such as closeness and rapid response to the markets and customers in central and Northern China.
4、 Risk tips
It will take some time for the project to reach full production and generate economic benefits from the production stage. It is expected that the release of production capacity will take a certain process. In the early production stage, the stability of production devices, product output and quality of the project needs to be continuously observed and improved. In the future, it may face changes in market demand environment, policies The impact of factors such as product sales price and raw material price fluctuation leads to the risk that the benefit of the project invested with raised funds is less than expected. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Dongguan Huali Industries Co.Ltd(603038) board of directors February 21, 2022
