Qianhe Condiment And Food Co.Ltd(603027)
Special report on the use of funds raised before December 31, 2021
The board of directors of Qianhe Condiment And Food Co.Ltd(603027) (hereinafter referred to as the “company”) shall, in accordance with the measures for the administration of securities issuance by listed companies (order 30 of the China Securities Regulatory Commission) and the provisions on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500) issued by the China Securities Regulatory Commission, Prepared the report on the use of the RMB convertible corporate bond funds raised by the company in June 2018 as of December 31, 2021 (hereinafter referred to as the “report on the use of the 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、 Raising and deposit of the previously raised funds
With the approval of China Securities Regulatory Commission (hereinafter referred to as “CSRC”) zjxk [2018] No. 183 document, Qianhe Condiment And Food Co.Ltd(603027) (hereinafter referred to as ” Qianhe Condiment And Food Co.Ltd(603027) “) publicly issued 3560000 convertible corporate bonds on June 20, 2018, with a face value of 100 yuan each and a total raised capital of 356000000.00 yuan. After deducting the recommendation and underwriting fees and other issuance expenses, The net amount of funds actually raised is RMB 347798600.00. The above raised funds were in place on June 26, 2018, which was verified by ShineWing Certified Public Accountants (special general partnership) and issued the capital verification report no. xyzh / 2018cda10516.
In accordance with the relevant provisions of the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies and the measures for the administration of raised funds by listed companies of Shanghai Stock Exchange (revised in 2013), the company adopts a special account for the raised funds and establishes a corresponding special account for the raised funds.
As of December 31, 2021, the company has accumulated 355354792.01 yuan of raised funds, the net amount of accumulated wealth management income and bank deposit interest after deducting bank handling charges is 7556675.88 yuan, the amount transferred into the company’s basic account is 483.87 yuan, and the special account for raised funds has been closed. As of December 31, 2021, the fund has been raised
Bank name account number initial deposit fund balance as of account closing date account closing time amount book balance
China China Minsheng Banking Corp.Ltd(600016) shares
Chengdu 697094007 174631600.00 0.00 2020-09-08 Branch Sales Department Industrial Bank Co.Ltd(601166) Share Holding Co., Ltd
Chengdu Xinhua 43110100201440 174631600.00 0.00 2020-09-08 Avenue sub branch
2、 Actual use of the previously raised funds
The actual use of the company’s previously raised funds is shown in schedule I comparison table of the use of previously raised funds of this announcement
3、 Change of previous raised funds
The company has no change in the actual investment projects of the raised funds.
4、 Replacement of projects invested in advance with the previously raised funds
The company held the 9th meeting of the 3rd board of directors on November 16, 2018, deliberated and approved the proposal on using raised funds to replace self raised funds invested in projects invested with raised funds in advance, and agreed to use the raised funds of 110 million yuan to replace the self raised funds invested in projects invested with raised funds in advance by September 30, 2018. ShineWing Certified Public Accountants (special general partnership) has issued the verification report on the investment projects invested by Qianhe Condiment And Food Co.Ltd(603027) Food Co., Ltd. with self raised funds in advance (xyzh / 2018cda10550).
5、 Benefits achieved by the investment project with the previously raised funds
As of December 31, 2021, there was a difference of 645200 yuan between the total amount of raised funds and the actual investment amount of the company’s projects financed by raised funds, which was made up by the company with self raised funds.
The benefits achieved by the investment projects with the funds raised last time are shown in the attached Table II comparison table of the benefits achieved by the investment projects with the funds raised last time and its notes.
The company does not have the situation that the cumulative realized income of the investment project with raised funds is more than 20% (including 20%) lower than the promised cumulative income.
6、 Operation of relevant assets related to the subscription of shares with assets in the previous issuance
The previous issuance of the company did not involve the subscription of shares with assets.
7、 Use of idle raised funds
The company held the fifth meeting of the third board of directors and the fifth meeting of the third board of supervisors on July 6, 2018. The meeting deliberated and adopted the proposal on adjusting the amount of cash management and using idle raised funds for cash management. That is, the “consent for the company and its wholly-owned subsidiaries to use their own funds with a quota of no more than 400 million yuan (including no more than 50 million yuan for subsidiaries) to purchase low-risk and liquid financial products and treasury bond reverse repurchase” deliberated and approved and authorized by the 20th meeting of the second board of directors was adjusted to “consent for the company and its wholly-owned subsidiaries to use a quota of no more than 400 million yuan” (the subsidiary does not exceed 50 million yuan) to purchase low-risk and liquid financial products and treasury bond reverse repurchase with its own funds. It is agreed that the company will use idle raised funds with an amount of no more than 340 million yuan to purchase cash management products and treasury bond reverse repurchase with good liquidity, high security and principal guaranteed commitment.
In April 2019, the company held the 10th meeting of the 3rd board of directors and the 10th meeting of the 3rd board of supervisors. In May 2019, the company held the 2018 annual general meeting of shareholders, which deliberated and adopted the proposal on cash management using idle self owned funds and raised funds, It is agreed that the company and its wholly-owned subsidiaries use their own funds with a limit of no more than 400 million yuan (including no more than 50 million yuan for subsidiaries) to buy low-risk and liquid financial products and treasury bond reverse repurchase, and the company is agreed to use idle raised funds with a limit of no more than 120 million yuan to buy cash management products and treasury bond reverse repurchase with good liquidity, high security and principal guaranteed commitment. Within 12 months from the date of approval by the chairman of the board of directors of the company, the above amount of funds can be used within the scope of the company’s rolling approval.
Purchase of cash management products, signing of relevant contracts and handling of relevant documents shall be organized and followed up by the person in charge of finance; The audit department is responsible for supervision and audit.
As of December 31, 2021, the company has used 1382 million yuan of idle raised funds to purchase cash management products and reverse repurchase of treasury bonds. The net amount of accumulated financial management income and bank deposit interest deducting bank handling charges is 7556675.88 yuan. All cash management products purchased with idle raised funds and national debt reverse repurchase have expired and have been returned to the special account for raised funds.
8、 Balance of previously raised funds
As of December 31, 2021, the company has no previously raised funds that have not been used up.
9、 Comparison of information disclosure on the actual use of the previously raised funds
There is no difference between the actual use of the above raised funds of the company and the relevant contents disclosed in the company’s periodic reports and other information disclosure documents.
Qianhe Condiment And Food Co.Ltd(603027) board of directors February 23, 2022
Schedule I:
Comparison table of the use of the previously raised funds
Unit: RMB 10000
Total raised funds: 35600.00 total used raised funds: 35535.48
Total amount of raised funds used in each year: 35535.48
Total raised funds with changed purposes: 0.00 2018: 20877.83
Proportion of total raised funds with changed purposes: 0.00 2019: 12050.06
2020: 2607.59
Total investment amount of raised funds of investment projects accumulated investment amount of raised funds on the closing date
Sequence commitment investment project actual investment project before raising commitment after raising commitment actual investment fund before raising commitment after raising actual investment fund the actual investment project reaches the expected amount of funds Investment amount investment amount (Note 1) investment amount investment amount (Note 1) After the commitment period and / or the investment fund date, the project is completed Difference of engineering amount
Amount (Note 1)
250000 tons of brewed soy sauce and vinegar per year 35600.00 35600.00 35535.48 35600.00 35535.48 64.52 January 1, 2021 production line expansion project
