Anxin Securities Co., Ltd
About Aofu Environmental Technology Co.Ltd(688021)
Special verification opinions on the deposit and use of raised funds in 2021
Anxin Securities Co., Ltd. (hereinafter referred to as “Anxin securities” or “sponsor”) is a sponsor of Aofu Environmental Technology Co.Ltd(688021) (hereinafter referred to as ” Aofu Environmental Technology Co.Ltd(688021) ” or “company”) for initial public offering and listing on the science and innovation board, According to the measures for the administration of securities issuance and listing recommendation business, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies (revised in 2022), the guidelines for the application of self regulatory rules for listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, and the Listing Rules of stocks on the science and Innovation Board of Shanghai Stock Exchange And other relevant regulations, the company has verified the storage and use of the raised funds in 2021, and now the verification and verification opinions are published as follows: I. Basic information of the raised funds
(I) actual amount of funds raised and time of funds in place
With the approval of the reply on Approving the registration of Aofu Environmental Technology Co.Ltd(688021) initial public offering issued by the China Securities Regulatory Commission (zjxk [2019] No. 1884), the company issued 20000000 ordinary shares (A shares) in RMB for the first time, with an issue price of 26.17 yuan per share and a total raised capital of 523.4 million yuan, After deducting the issuance expenses of 66.2792 million yuan (excluding value-added tax), the net amount of raised funds was 457.1208 million yuan. All the above raised funds have been in place, verified by Rongcheng Certified Public Accountants (special general partnership), and issued the capital verification report (hyz [2019] No. 7830) on October 31, 2019.
(II) use and balance of raised funds in 2021
In 2021, the use of the company’s raised funds was as follows:
(1) RMB 182.1152 million was directly invested in the project of raising funds. As of December 31, 2021, the company has used a total of 327582500 yuan of raised funds.
(2) In 2021, using idle raised funds to purchase bank financial products, we obtained an investment income of 5.6959 million yuan, received 2.1481 million yuan of interest income from the special account for raised funds, supplemented 14800 yuan of working capital with interest income from the special account for replenishment, and paid 56000 yuan of settlement service fee for the special account for raised funds.
As of December 31, 2021, the company has used idle raised funds to purchase bank financial products, obtained a total investment income of 6.3196 million yuan, received a total interest income of 4.8613 million yuan from the special account for raised funds, and paid a total settlement handling fee of 93600 yuan.
To sum up, as of December 31, 2021, the accumulated amount of raised funds used was 327582500 yuan, the amount not used was 129.5383 million yuan, and the fund balance of the special account for raised funds was 95.6256 million yuan. The details are as follows:
Project amount (10000 yuan)
① Net proceeds 45712.08
② By the end of 2021, the company had accumulated 32758.25 yuan of raised funds
③ By the end of 2021, the amount of raised funds not used by the company = ① – ② 12953.83
④ By the end of 2021, the balance of financial products purchased by the company with raised funds was 0.00
⑤ By the end of 2021, the company had temporarily replenished working capital, and the outstanding balance was 4500.00
⑥ By the end of 2021, the interest income of the company’s special account for raised funds was 486.11 yuan
⑦ By the end of 2021, the settlement service charge of the company’s special account for raised funds was 9.36 yuan
⑧ By the end of 2021, the company had obtained investment income of 631.97 yuan by purchasing financial products with raised funds
⑨ By the end of 2021, the fund balance of the company’s special account for raised funds = ③ – ④ – ⑤ + ⑥ – ⑦ + ⑧ 9562.56
Note: the calculation difference of the data in the above table comes from the rounding of the data. 2、 Deposit and management of raised funds
(I) management of raised funds
The company has complied with the company law of the people’s Republic of China, the securities law of the people’s Republic of China The notice on Further Strengthening the management of publicly raised funds of joint stock limited companies, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies (revised in 2022), and the guidelines for the self discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation issued by Shanghai Stock Exchange According to the requirements of relevant regulations, the company has formulated the management system of raised funds, implemented the special account storage system for the raised funds, and stipulated the storage and use of raised funds, project implementation management, change of investment projects and supervision of use.
(II) three party and four party supervision agreements for raised funds
According to the requirements of Shanghai Stock Exchange and relevant regulations, in order to standardize the management and use of the company’s raised funds and protect the rights and interests of investors, the company has established relevant special accounts for raised funds. All the raised funds have been deposited in the special account for raised funds opened with the approval of the board of directors of the company. On October 31, 2019, the company and its wholly-owned subsidiary Chongqing aofu Fine Ceramics Co., Ltd. signed the three party supervision agreement for raised funds and the four party supervision agreement for raised funds with Qilu Bank Co.Ltd(601665) Dezhou Linyi sub branch, Agricultural Bank Of China Limited(601288) Chongqing Rongchang sub branch and the sponsor Anxin Securities Co., Ltd.
(III) storage of raised funds in special account
As of December 31, 2021, the deposit balance of the company’s raised funds deposit account is as follows:
Balance of deposit method in bank account No. (10000 yuan)
Qilu Bank Co.Ltd(601665) joint stock company 8661700410142100272 current deposit 581.92
Si Dezhou Linyi sub branch
Qilu Bank Co.Ltd(601665) joint stock company 8661700410142100265 current deposit 1937.08
Si Dezhou Linyi sub branch
Qilu Bank Co.Ltd(601665) Company Limited 8661700410142100258 current deposit 0.00
Si Dezhou Linyi sub branch
China Agricultural Bank Of China Limited(601288) shares have 31170101040020562 current deposit of 770.03
Chongqing Rongchang sub branch Co., Ltd
China Agricultural Bank Of China Limited(601288) shares have 31170101040020570 demand deposits of 6273.52
Chongqing Rongchang sub branch Co., Ltd
Total 9562.56
3、 Actual use of raised funds in 2021
(I) use of funds for projects invested with raised funds
See “Annex 1 Aofu Environmental Technology Co.Ltd(688021) comparison table of the use of raised funds in 2021″ for the comparison table of the actual use of raised funds in 2021.
(II) cash management with temporarily idle raised funds
At the 13th meeting of the second board of directors and the 9th meeting of the second board of supervisors held on February 24, 2020, the company deliberated and adopted the proposal on the company’s use of temporarily idle raised funds for cash management, and agreed that the company would use temporarily idle raised funds with an amount not exceeding RMB 180 million for cash management, The service life is valid for 12 months from the date of deliberation and approval by the board of directors of the company. It is believed that the timely cash management of the temporarily idle raised funds on the premise of ensuring the funds required for the company’s raised investment projects and ensuring the safety of the raised funds will not affect the normal turnover needs of the company’s daily funds and the normal operation of the raised funds projects, nor the normal development of the company’s main business, And it can improve the use efficiency of raised funds and obtain certain investment income. As of December 31, 2021, the cash management of the company’s raised funds has been fully recovered. At present, there is no cash management of funds raised in transit.
(III) use idle raised funds to supplement working capital
The company held the 20th meeting of the second board of directors and the 16th meeting of the second board of supervisors on February 25, 2021, deliberated and adopted the proposal on using raised funds to supplement working capital, and agreed that the company should use idle raised funds of no more than 80 million yuan (including 80 million yuan) to supplement working capital temporarily, and the time of single replenishment of working capital should not exceed 12 months, To meet the actual needs of the company’s subsequent development.
As of December 31, 2021, the outstanding balance of temporarily replenishing current assets was 45 million yuan. 4、 Change the use of funds of raised investment projects
(I) change of investment projects with raised funds
The investment project of the company’s raised funds in 2021 has not changed.
(II) external transfer or replacement of investment projects with raised funds
There is no external transfer or replacement of the company’s investment projects with raised funds in 2021.
(III) change of the implementation period of the raised investment project
1. Automatic technical transformation project of automobile honeycomb ceramic carrier production line in Shandong production base:
On October 28, 2021, the fifth meeting of the third board of directors of the company considered and approved the proposal on extending the construction period of some investment projects with raised funds, and agreed to extend the construction period of the “automatic technical transformation project of automobile honeycomb ceramic carrier production line in Shandong production base” to December 2023.
2. Shandong base project with an annual output of 4 million liters of DPF carrier:
On October 28, 2021, the fifth meeting of the third board of directors of the company deliberated and approved the proposal on extending the construction period of some raised capital investment projects, and agreed to extend the construction period of the raised capital investment project “Shandong base project with an annual output of 4 million liters of DPF carrier” to December 2022.
3. Construction project of technology R & D center:
On August 29, 2021, the company held the fourth meeting of the third board of directors and the third meeting of the third board of supervisors, deliberated and approved the proposal on increasing the implementation subject, implementation location and extending the construction period of some raised investment projects, and agreed to increase Anhui aofu Fine Ceramics Co., Ltd. as the implementation subject of the raised investment project “technology R & D center construction project”, The corresponding new implementation site is the Lingang Industrial Park of Bengbu Economic Development Zone, Anhui Province, and the construction period of the raised investment project “technology R & D center construction project” will be extended to December 2023. 5、 Problems in the use and disclosure of raised funds
The board of directors of the company believes that the company has been timely, true and accurate 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 (revised in 2022), the guidelines for the application of self regulatory rules for listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation and the guidelines for the format of temporary announcements of listed companies No. 16 It fully disclosed the storage and actual use of the company’s raised funds, and there was no violation of the management of raised funds. The company has faithfully fulfilled its obligation to disclose the investment direction and progress of the raised funds. 6、 Verification of recommendation institutions
The sponsor representative checked the deposit and use of Aofu Environmental Technology Co.Ltd(688021) raised funds and the implementation of the investment project of raised funds through data review, interview and communication, mainly including: consulting the bank statement of the company’s raised funds, payment voucher of raised funds, relevant reports of intermediaries, relevant announcements of the use of raised funds, etc, And communicate with relevant personnel of the company. 7、 Verification opinions of the recommendation institution
After verification, the recommendation institution believes that in 2021, Aofu Environmental Technology Co.Ltd(688021) the deposit and use of raised funds comply with the measures for the administration of securities issuance of listed companies, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies (revised in 2022), and the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange issued by Shanghai Stock Exchange In accordance with the provisions of regulations and documents such as the guidelines for the application of self regulatory rules for listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, the raised funds have been stored and used in a special account, and the relevant information disclosure obligations have been performed in a timely manner. The specific use of the raised funds is consistent with the disclosure, There is no violation of relevant laws and regulations in the use of raised funds.
(no text below)
Annex 1:
Comparison table of use of raised funds in 2021
Unit: 10000 yuan
Total amount of raised funds 45712.08 total amount of raised funds invested in this year 1
