China Securities Co.Ltd(601066) about
Shenzhen Increase Technology Co.Ltd(300713) verification opinions on new raised investment projects and changing the purpose of funds raised by some initial public offerings
China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) ” and “sponsor”) as a sponsor of Shenzhen Increase Technology Co.Ltd(300713) Shenzhen Increase Technology Co.Ltd(300713) (hereinafter referred to as ” Shenzhen Increase Technology Co.Ltd(300713) ” and “company”) for initial public offering of shares and listing on the gem, in accordance with the measures for the administration of securities issuance and listing sponsor business and the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies In accordance with the relevant laws and regulations such as the Listing Rules of Shenzhen Stock Exchange on the gem and the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange, careful verification has been conducted on the proposed new raised investment projects of Shenzhen Increase Technology Co.Ltd(300713) and the change of the purpose of the funds raised by some initial public offerings. The specific verification conditions and verification opinions are as follows:
1、 Overview of changes in investment projects with raised funds
(I) basic information of the funds raised by the company’s initial public offering
Approved by the reply on approving Shenzhen Increase Technology Co.Ltd(300713) initial public offering of shares (zjxk [2017] No. 1784 document) of China Securities Regulatory Commission, the company has publicly issued 10.625 million RMB common shares (A shares) to the public, with a par value of 1.00 yuan per share and an issue price of 40.29 yuan per share (RMB, the same below), The total amount of funds raised this time is 428081250.00 yuan. After deducting the issuance expenses of 43081250.00 yuan, the actual net amount of funds raised is 385000000.00 yuan. The above raised funds have been verified by Ruihua Certified Public Accountants (special general partnership) and issued the capital verification report (Ruihua Yan Zi [2017] No. 48300003) on October 25, 2017. All the above raised funds have been deposited in the special account for the management of raised funds, and the supervision agreement on raised funds has been signed with the sponsor and the commercial bank storing the raised funds.
(II) the plan and use of the funds raised by the company’s initial public offering
The total amount of funds raised by the company’s initial public offering of shares is 428081250.00 yuan. After deducting the issuance expenses of 43081250.00 yuan, the net amount of funds actually raised is 385000000.00 yuan. As of January 31, 2022, the purpose plan and use of the funds raised by the company’s initial public offering of shares are as follows:
Unit: 10000 yuan
The total committed investment has been invested to raise the accumulated raised capital, the remaining raised capital serial number, project name, amount, capital interest deduction
Net handling charges
1 intelligent high frequency switching power supply industrialization project 23500.00 13295.88 1975.01 12179.13
2 intelligent high frequency switching power supply R & D center project 7500.00 1463.75 996.98 7033.23
3. Other working capital related to main business 7500.00 7500.00 47.77 0
Total 38500.00 22307.40 3019.76 19212.36
(III) purpose of raised funds to be changed this time
With the business development of the company, speed up the production capacity planning and industrial layout to further improve the efficiency of fund-raising
With efficiency, it is proposed to add the project of ” Shenzhen Increase Technology Co.Ltd(300713) intelligent high frequency switching power supply Industrial Park Shanghai base project” (hereinafter referred to as “Shanghai base project”)
“Shanghai base project”) as an investment project of the company’s initial public offering of shares to raise funds, the total investment of the project is
The amount of funds is 233202100 yuan, of which 130 million yuan is proposed to be used
The gold comes from the investment project “industrialization of intelligent high frequency switching power supply” raised by the company’s initial public offering
Project (hereinafter referred to as “industrialization project”) and “intelligent high frequency switching power supply R & D center project” (based on
(hereinafter referred to as “R & D center project”) has not used the raised funds, including 10000 industrialization projects
Million yuan of raised funds and 30 million yuan of raised funds for R & D center projects. The specific adjustments are as follows:
Unit: 10000 yuan
The project name is used after the original plan is changed
Fund raising amount
Proposed new raised investment project Shenzhen Increase Technology Co.Ltd(300713) intelligent high frequency switching power supply industry – 13000.00
Park Shanghai base project
The original raised and invested intelligent high-frequency switching power supply industrialization project to be changed 23500.00 13500.00
Project of smart high frequency switching power supply R & D center 7500.00 4500.00
order
The amount of raised funds to be changed and adjusted this time is 130 million yuan, accounting for 385 million yuan of net raised funds
33.77%.
The change of some investment projects with raised funds does not constitute related party transactions, nor does it constitute
Major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
The company will serve as the company through the investigation of Shanghai Ruixing Intelligent Technology Co., Ltd. (hereinafter referred to as “Shanghai Ruixing”)
The way of capital increase and paid in registered capital of wholly-owned subsidiaries) will be changed, and the amount of raised funds will be adjusted to
130 million yuan will be transferred to Shanghai Ruixing bank account, and Shanghai Ruixing will store and transfer the raised funds in a special account
Use management.
(IV) examination and approval of this new raised investment project
Shanghai Ruixing Intelligent Technology Co., Ltd. has obtained the record of Shanghai enterprise investment project for the Shanghai base project of Shenzhen Increase Technology Co.Ltd(300713) intelligent high frequency switching power supply industrial park. The project code is 2020-310112-35-03-005275. The project has obtained the administrative approval of environmental impact assessment, and the reply number is min environmental protection Xu Ping [2020] No. 313.
2、 Reasons for changing the purpose of raised funds
(I) original raised investment project plan, actual investment and historical changes
1. Intelligent high frequency switching power supply industrialization project
(1) Original planned investment
The industrialization project of intelligent high-frequency switching power supply was completed in May 2016. The implementation subject is Shenzhen Increase Technology Co.Ltd(300713) , and the implementation location is No. 7, Shijing Nuclear Power Industrial Park, Fucheng, Guanlan, Longhua new area, Shenzhen. It is estimated that after the completion of the construction, 140000 vehicle charging modules, 1000 vehicle charging systems, 15000 power supply modules, 400 power supply systems and 15000 other power products can be produced. The construction period of the project is 18 months, the total investment of the project is 235 million yuan, and the proposed raised fund is 235 million yuan. It is mainly used for equipment purchase, plant leasing and decoration, information system construction, etc.
(2) Actual investment
The 15th meeting of the first board of directors and the 10th meeting of the first board of supervisors held by the company on March 14, 2018 and the second extraordinary general meeting of shareholders held by the company on March 30, 2018 considered and adopted the proposal on changing the implementation location and delaying the completion of investment projects with raised funds respectively. It is agreed to change the implementation location of the raised capital investment project “intelligent high-frequency switching power supply industrialization project” to the new energy base in the southeast of the intersection of Danhe Avenue and Baolong Second Road, Longgang District, Shenzhen, and implement the above project on the land of about 7592.39 square meters purchased by the company with its own funds, It is proposed to add the “intelligent high-frequency switching power supply R & D center project” to be implemented in the new energy base in the southeast of the intersection of Danhe Avenue and Baolong Second Road, Longgang District, Shenzhen. The construction period of the above-mentioned raised investment project is changed from 1.5 years to 2.5 years, and the purpose, construction content and implementation method of the raised funds remain unchanged. That is, the date when the “intelligent high-frequency switching power supply industrialization project” and “intelligent high-frequency switching power supply R & D center project” reach the predetermined usable state is adjusted to April 25, 2020.
The 20th meeting of the first board of directors and the 15th meeting of the first board of supervisors held by the company on July 25, 2018 and the third extraordinary general meeting of shareholders held by the company on August 13, 2018 considered and adopted the proposal on changing some raised investment projects respectively. In order to safeguard the interests of shareholders and improve the efficiency of the use of raised funds, the company plans to add “Longgang self owned property plant construction” to the original “intelligent high-frequency switching power supply industrialization project” under the comprehensive consideration of national policies, market environment and the company’s future development strategy. Some raised investment projects in this change are “intelligent high-frequency switching power supply industrialization project”, which does not involve other raised investment projects. It is agreed that 40% of the total investment of 235 million yuan in the industrialization project of intelligent high-frequency switching power supply will be used for the construction of land and plant with self owned property rights in Longgang District, that is, 94 million yuan will be used for the construction of plant with self owned property rights in Longgang District. The use amount of intelligent high-frequency switching power supply industrialization project is changed from 235 million yuan to 141 million yuan. The raised investment project “intelligent high frequency switching power supply industrialization project” has no changes except that part of the raised funds are used for the construction of plants.
The tenth meeting of the second board of directors and the eighth meeting of the second board of supervisors held by the company on February 24, 2020 and the first extraordinary general meeting of shareholders held by the company in 2020 on March 13, 2020 considered and adopted the proposal on the extension of investment projects with raised funds respectively. According to the current implementation of the project, without changing the content, total investment and implementation subject of the project, the company, after careful research, agreed to adjust the date when the “intelligent high-frequency switching power supply industrialization project” and “intelligent high-frequency switching power supply R & D center project” reach the scheduled usable state to October 25, 2020.
The 17th meeting of the second board of directors and the 14th meeting of the second board of supervisors held on January 15, 2021 considered and approved the proposal on the extension of some investment projects with raised funds, and agreed to extend the “intelligent high-frequency switching power supply industrialization project” and “intelligent high-frequency switching power supply R & D center project”, The date of reaching the scheduled usable state is adjusted to December 31, 2021.
The main body of the project is Shenzhen Increase Technology Co.Ltd(300713) . As of January 31, 2022, the cumulative investment of the project is 238279100 yuan, including 174608900 yuan of construction engineering cost, 38.9588 million yuan of equipment purchase and installation, and 24.7114 million yuan of land price and relevant taxes. The assets formed by the project mainly include project land, plant and some equipment. At present, most of the project has been put into use.
As of January 31, 2022, the project has used 132.9588 million yuan of raised funds, and the balance in the special account for raised funds is 791300 yuan. Another 50 million yuan of cash management balance has not yet expired. Idle raised funds temporarily supplement 71 million yuan of working capital, and the total unused raised funds is 121.7913 million yuan (including net interest income after deducting handling fees).
2. Intelligent high frequency switching power supply R & D Center Project
The R & D center project completed the project filing in May 2016. The total investment of the project is 75 million yuan, and the proposed raised fund is 75 million yuan. The implementation subject is Shenzhen Increase Technology Co.Ltd(300713) . The specific investment in R & D projects and installation of laboratory equipment are respectively.
(2) Actual investment
The 15th meeting of the first board of directors and the 10th meeting of the first board of supervisors held by the company on March 14, 2018 and the second extraordinary general meeting of shareholders held by the company on March 30, 2018 considered and adopted the proposal on changing the implementation location and delaying the completion of investment projects with raised funds respectively. It is agreed to change the implementation location of the raised capital investment project “intelligent high-frequency switching power supply industrialization project” to the new energy base in the southeast of the intersection of Danhe Avenue and Baolong Second Road, Longgang District, Shenzhen, and implement the above project on the land of about 7592.39 square meters purchased by the company with its own funds. It is proposed to increase the implementation of “intelligent high-frequency switching power supply R & D center project”
