Securities code: Shenzhen Kaizhong Precision Technology Co.Ltd(002823) securities abbreviation: Shenzhen Kaizhong Precision Technology Co.Ltd(002823) Announcement No.: 2022017 bond Code: 128042 bond abbreviation: Kaizhong convertible bond
Shenzhen Kaizhong Precision Technology Co.Ltd(002823)
Announcement on investment and construction of Huizhou production base phase I Project
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Investment overview
Shenzhen Kaizhong Precision Technology Co.Ltd(002823) (hereinafter referred to as "the company") held the 8th meeting of the 4th board of directors on March 2, 2022, deliberated and adopted the proposal on investment and construction of Huizhou production base phase I project, The company plans to invest in the construction of phase I project of Huizhou production base through its wholly-owned subsidiary Huizhou Shenzhen Kaizhong Precision Technology Co.Ltd(002823) Technology Co., Ltd. (hereinafter referred to as "Huizhou Kaizhong") with its own and self raised funds of RMB 500 million.
According to the Listing Rules of Shenzhen Stock Exchange and the articles of association, this foreign investment belongs to the decision-making authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
This investment does not constitute a connected transaction, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investment project
1. Project Name: Huizhou production base phase I Project (tentative name)
2. Construction content: about 60000 square meters of production plants and supporting buildings / structures, and 100 production lines of new energy vehicle components and other products.
3. Implemented by: Huizhou Shenzhen Kaizhong Precision Technology Co.Ltd(002823) Technology Co., Ltd
4. Project location: tangziling, Liantang Mian, Sanhe street, Huiyang District, Huizhou City
5. Total investment and capital source of the project: the estimated investment of the project is 500 million yuan. The source of funds is the company's own and self raised funds.
6. Construction progress: the planned construction period is 2 years. The management of the company is authorized to reasonably plan the construction period, build and put into operation in stages according to the actual situation of business development and financial situation.
7. Others: the land use right and EIA Reply of the project have been obtained
3、 Purpose of this investment, existing risks and impact on the company
Huizhou production base phase I project is adjacent to the company's Shenzhen headquarters and R & D center. After the project is completed and put into operation, it will provide strong capacity guarantee for new energy vehicle components and other businesses, better meet the growing needs of the company's customers, and help to enhance the company's market competitiveness and increase market share. At the same time, Huizhou production base and the headquarters complement and cooperate, which helps to reduce production costs and improve profitability. The project conforms to the company's strategic development direction and is conducive to the company's long-term development.
Risks of the project: (1) the investment of the project is based on the needs of the company's development strategy and the judgment of future market prospects, but there are certain uncertainties in industry development, policy changes, intensified competition and business expansion, so the realization of the economic benefits of the project is uncertain. (2) During the implementation of the project, there may be adverse changes in fund-raising, approval progress and project progress, resulting in uncertainty in the smooth implementation of the project and the impact of the project on the future financial status and operating results of the company.
4、 Documents for future reference
Resolution of the 8th meeting of the 4th board of directors.
It is hereby announced.
Shenzhen Kaizhong Precision Technology Co.Ltd(002823) board of directors
March 3, 2022
