Securities code: 688021 securities abbreviation: Aofu Environmental Technology Co.Ltd(688021) Announcement No.: 2022-011 Aofu Environmental Technology Co.Ltd(688021)
The subsidiary intends to sign a contract with the Management Committee of Bengbu Economic Development Zone
Announcement of investment agreement
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. Important content tips:
Name of investment object: aofu technology R & D Center Project (hereinafter referred to as "the project")
Investment amount: the total investment of the project is about 100 million yuan
Source of funds: raised funds and self owned funds
Risk tips:
1. There are uncertainties in the acquisition of the right to use state-owned construction land and the relevant government filing or approval procedures involved in the signing of the project investment agreement.
2. The construction of the project still needs to apply to the relevant competent departments of the local government for pre-approval procedures such as project initiation, environmental protection, planning and construction, and the approval results are uncertain; In addition, the implementation conditions and progress of the project may be affected by relevant national or local policies, planning adjustments and other factors, and there may be the risk of change, extension, suspension or termination;
3. The implementation of the project may make the company's cash flow tight in the short term.
1、 Overview of foreign investment
On August 29, 2021, the fourth meeting of the third board of directors and the third meeting of the third board of supervisors deliberated and adopted the proposal on increasing the implementation subject, implementation location and extending the construction period of some raised investment projects, Anhui aofu Fine Ceramics Co., Ltd. (hereinafter referred to as "Anhui aofu"), a wholly-owned subsidiary of the company, is agreed to be added as the implementation subject of the fund-raising investment project - "technology R & D center construction project", and the corresponding new implementation location is Lingang Industrial Park, Bengbu Economic Development Zone, Anhui Province, The construction period of the raised funds investment project "technology R & D center construction project" will be extended to December 2023. For details, please refer to the announcement of Aofu Environmental Technology Co.Ltd(688021) on increasing the implementation subject, implementation location and extending the construction period of some raised investment projects (Announcement No.: 2021-034) disclosed by the company on August 31, 2021.
In order to speed up the construction progress of the "technology R & D center construction project" invested by raised funds, Anhui aofu economic and Technological Development Zone and Bengbu Economic and Technological Development Zone Management Committee (hereinafter referred to as "Bengbu Economic and Technological Development Zone Management Committee") discussed and proposed to sign the "aofu technology R & D center project investment agreement" (hereinafter referred to as "investment agreement"). After the signing of the agreement, the project is mainly used for the construction of technology R & D center and supporting facilities of the fund-raising project.
The company plans to use the raised funds and self owned funds for the investment and construction of the project, of which the self owned funds account for about 30% of the total investment and the raised funds account for about 70%.
The investment has been deliberated and approved at the ninth meeting of the third board of directors of the company and needs to be submitted to the general meeting of shareholders for deliberation. The signing of this Agreement does not involve related party transactions, nor does it constitute a major asset restructuring as stipulated in the administrative measures for major asset restructuring of listed companies.
2、 Basic information of the subject of the investment agreement
Party A: Bengbu Economic Development Zone Management Committee
Party B: Anhui aofu Fine Ceramics Co., Ltd
The company and its subsidiaries have no relationship with the Management Committee of Bengbu Economic Development Zone.
3、 Basic information of investment object
1. Project implementation subject: Anhui aofu Fine Ceramics Co., Ltd;
2. Project name: aofu technology R & D center project;
3. Total project investment: about 100 million yuan;
4. Project construction content: Construction of supporting facilities such as fine ceramic R & D center and staff dormitory;
5. Project construction period: 12 months;
6. Project construction land: the total land area of the project is about 39 mu (at present, 140 mu of land in aofu, Anhui Province has been planned to build a mobile source exhaust purification honeycomb ceramic carrier project);
7. Land use, ownership nature and service life: Commercial Service land, with a transfer period of 40 years. The industrial type is service industry, which is all used for the construction of supporting facilities such as fine ceramic R & D center and staff dormitory of aofu technology R & D center project.
4、 Impact of the listed company's investment
The signing of this investment agreement will help the company attract and stabilize the development of talent team, promote the smooth implementation of investment projects with raised funds, and achieve the purpose of improving the company's technology R & D center. After the completion of the project, the company's overall R & D and testing capabilities will be enhanced. On the one hand, it will lay a solid technical foundation for the company's future development, on the other hand, it will provide favorable conditions for attracting high-quality technology R & D resources in the industry, so as to further strengthen the company's ability to integrate technical resources and improve the company's level of technological innovation and new product development capability, Continue to maintain the research and development of advanced technologies in the industry, improve the company's core technical competitiveness and enhance the company's competitive position in the industry.
5、 Risk tips
1. There are uncertainties in the acquisition of the right to use state-owned construction land and the relevant government filing or approval procedures involved in the signing of the project investment agreement.
2. The construction of the project still needs to apply to the relevant competent departments of the local government for pre-approval procedures such as project initiation, environmental protection, planning and construction, and the approval results are uncertain; In addition, the project implementation conditions and progress may be affected by relevant national or local policies, planning adjustments and other factors, and there may be the risk of change, extension, suspension or termination.
3. The implementation of the project may make the company's cash flow tight in the short term.
According to the actual progress of the project, the company will perform the corresponding decision-making and approval procedures in accordance with the relevant provisions of the Listing Rules of science and Innovation Board of Shanghai Stock Exchange and the articles of association, and timely perform the corresponding information disclosure obligations. Please pay attention to the investment risk.
It is hereby announced.
Aofu Environmental Technology Co.Ltd(688021) board of directors February 26, 2022
