Securities code: 688021 securities abbreviation: Aofu Environmental Technology Co.Ltd(688021) Announcement No.: 2022-007 Aofu Environmental Technology Co.Ltd(688021)
Announcement on using idle raised funds to supplement working capital
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law. Aofu Environmental Technology Co.Ltd(688021) (hereinafter referred to as "the company") held the ninth meeting of the third board of directors and the eighth meeting of the third board of supervisors on February 24, 2022, deliberated and adopted the proposal on using idle raised funds to supplement working capital, and agreed that the company should use idle raised funds of no more than 30 million yuan (including 30 million yuan) to supplement working capital temporarily, The time for a single replenishment of working capital shall not exceed 12 months, and the company will timely return it to the special account for raised capital at any time according to the progress and demand of the investment project of raised capital.
1、 Basic information of funds raised from initial public offering
Approved by the reply of China Securities Regulatory Commission on Approving the registration of Aofu Environmental Technology Co.Ltd(688021) initial public offering (zjxk [2019] No. 1884), the company publicly offered 20 million RMB common shares ("a" shares) at the Shanghai Stock Exchange in October 2019, with a par value of RMB 1.00 per share and an issue price of RMB 26.17 per share, The total amount of funds raised was 523.4 million yuan, after deducting the issuance expenses of 66.2792 million yuan, the net amount of funds actually raised was 457.1208 million yuan. The raised funds have been in place in October 2019. The above funds have been verified by Rongcheng Certified Public Accountants (special general partnership) hyz [2019] No. 7830 capital verification report. The company has adopted special account storage management for the raised funds.
On February 22, 2022, the company returned the 80 million yuan raised fund used for temporary replenishment of working capital to the special account for raised funds.
2、 Actual use of raised funds
For the use of the company's raised funds in 2021, see attached table 1: comparison table of the use of raised funds in 2021 in Aofu Environmental Technology Co.Ltd(688021) special report on the storage and use of raised funds in 2021.
3、 The plan of temporarily replenishing working capital by using some idle raised funds this time
In order to improve the use efficiency of the raised funds, reduce the company's operating costs and safeguard the interests of shareholders, according to the company's current business development needs, combined with the company's actual production, operation and financial situation, the company uses the idle raised funds of no more than 30 million yuan (including 30 million yuan) to supplement the working capital temporarily on the premise of ensuring that the normal implementation of the investment projects with raised funds will not be affected, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors and the board of supervisors of the company. The company will timely return the raised funds to the special account for raised funds at any time according to the progress and demand of the investment project of raised funds.
The temporary replenishment of working capital with some idle raised funds this time is limited to the production and operation related to the company's main business, such as business development and daily operation. It will not be directly or indirectly arranged for the placement and purchase of new shares, or for the transaction of stocks and their derivatives, convertible corporate bonds, etc. there is no change in the purpose of the raised funds, It will not affect the normal progress of the company's fund-raising investment plan.
4、 Review procedure
On February 24, 2022, the company held the 9th meeting of the 3rd board of directors and the 8th meeting of the 3rd board of supervisors, deliberated and approved the proposal on using idle raised funds to supplement working capital, and agreed to temporarily supplement working capital with some idle raised funds with an amount not exceeding 30 million yuan. The independent directors of the company have expressed their independent opinions on the above matters. The plan of temporarily replenishing working capital with some idle raised funds meets the regulatory requirements.
5、 Description of special opinions
1. Opinions of independent directors
The company's use of some idle raised funds to temporarily supplement working capital is conducive to solving the company's temporary working capital demand, improving the use efficiency of raised funds, reducing financial expenses and improving the company's operating efficiency, which is in line with the interests of shareholders and investors. The company's use of some idle raised funds to supplement the working capital temporarily is limited to the production and operation related to the main business. It is not directly or indirectly arranged for the placement of new shares, subscription or trading of stocks and their derivatives, convertible corporate bonds, etc., and does not conflict with the implementation plan of the investment project with raised funds, It will not affect the normal progress of the investment project with raised funds, and there is no situation of changing the investment direction of raised funds in a disguised form and damaging the interests of shareholders. It is agreed that the company will temporarily supplement the working capital with some idle raised funds with an amount not exceeding 30 million yuan.
2. Opinions of the board of supervisors
The use of raised funds to supplement working capital this time complies 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 articles of association. It is agreed that the company will temporarily supplement the working capital with some idle raised funds with an amount not exceeding 30 million yuan. 3. Sponsor
The company's use of idle raised funds to supplement working capital has fulfilled the necessary legal procedures, and complies with laws, regulations and normative documents such as 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 uses some idle raised funds to supplement working capital temporarily, which is conducive to solving the company's temporary working capital demand, improving the use efficiency of raised funds, reducing financial expenses and improving the company's operating efficiency, which is in line with the interests of the company and all shareholders. There is no situation of changing the use purpose of raised funds in a disguised form, It will not affect the normal implementation of the company's fund-raising investment plan.
In conclusion, the recommendation institution has no objection to the company's use of idle raised funds to supplement working capital.
6、 Online announcement attachment
1. Verification opinions of Anxin Securities Co., Ltd. on Aofu Environmental Technology Co.Ltd(688021) using idle raised funds to supplement working capital
It is hereby announced.
Aofu Environmental Technology Co.Ltd(688021) board of directors February 26, 2022
