688096: recommendation letter of Ping An Securities Co., Ltd. on Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) issuing convertible corporate bonds to unspecified objects (December 15, 2021)

Ping An Securities Co., Ltd

about

Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) issue convertible corporate bonds to unspecified objects

of

Listing recommendation

Sponsor (lead underwriter)

(address: floor 22-25, block B, Ping An financial center, No. 5023, Yitian Road, Futian street, Futian District, Shenzhen) December, 2012

statement

Ping An Securities Co., Ltd. (hereinafter referred to as “the sponsor” or “the sponsor”) is entrusted by Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) (hereinafter referred to as “the issuer”, “the company” or ” Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) “) to act as the sponsor of Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) issuing convertible corporate bonds to unspecified objects.

In accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the securities law of the people’s Republic of China (hereinafter referred to as the “Securities Law”), the measures for the administration of securities issuance and listing recommendation business, and the measures for the administration of securities issuance and registration of companies listed on the science and Innovation Board (for Trial Implementation) Relevant laws such as the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange Administrative regulations and China Securities Regulatory Commission (hereinafter referred to as “CSRC”) )And the provisions of Shanghai Stock Exchange, be honest, trustworthy, diligent and responsible, issue this listing recommendation letter in strict accordance with the business rules, industry practice norms and ethical standards formulated according to law, and ensure the authenticity, accuracy and integrity of the documents issued after due diligence and careful verification.

Unless otherwise specified, the abbreviations and terms used in this listing recommendation letter are consistent with the Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) prospectus for issuing convertible corporate bonds to unspecified objects.

catalogue

Declare that 2 catalog 3 I. Basic information of the issuer four

(i) Issuer profile four

(2) Main business of the issuer…… 4

(3) Issuer’s core technology…… 5

(4) Issuer’s R & D level…… 14

(5) Main operating and financial data and indicators of the issuer…… 14

(6) Main risks of the issuer…… 18 II. Issuance of securities applying for listing…… 29

(i) Types of securities issued this time twenty-nine

(2) Issue size…… 29

(3) Face value and issue price…… 30

(4) Issuing method and object…… 30

(5) Arrangements for placing to existing shareholders…… 30

(6) Management and deposit account of raised funds…… 30 III. information about the sponsor representative, CO sponsor and other members of the project team of this securities issuance…… 30

(i) Project sponsor representative thirty

(2) Project Co sponsor…… 31

(3) Other members of the project team…… 31 IV. explanation on whether the recommendation institution has any situation that may affect the fair performance of the recommendation duties…… 31 v. commitments of the recommendation institution…… 32 VI. decision-making procedures for the performance of this securities issuance and listing…… 33 VII. Arrangements for the continuous supervision of the issuer by the recommendation institution…… 33 VIII. Contact information of the recommendation institution and the recommendation representative…… 34 9、 Other matters that the recommendation institution believes should be explained X. recommendation conclusion of the sponsor on this securities issuance and listing 35 I. Basic information of the issuer (I) overview of the issuer

Chinese name Jiangsu Jingyuan Environmental Protection Co.Ltd(688096)

English Name: Jiangsu Jingyuan environmental protection Co., Ltd

Registered capital: 107293500 yuan

Legal representative: Li Wulin

Date of establishment: March 30, 1999

Shanghai Stock Exchange Kechuang board where the shares are listed

Stock abbreviation Jiangsu Jingyuan Environmental Protection Co.Ltd(688096)

Stock Code: 688096

Registered address: No. 109, Tongxin Road, Chongchuan District, Nantong City

Office address: 26F, Hailian building, No. 88, Gongnong South Road, Chongchuan District, Nantong City, Jiangsu Province

Postal code 226014

Secretary of the board of directors Su Haijuan

Tel: 0513-85332929

Fax: 0513-85332930

Company website http://www.jsjyep.com./

E-mail [email protected].

R & D, design, manufacturing, sales and installation of water treatment equipment; Development, production, sales and installation of complete sets of environmental protection equipment, electromechanical equipment, automation and industrial process automation system integration; Design, treatment and construction of environmental pollution prevention and control projects; Development, production and sales of anti-corrosion series products; Development and application of computer technology; Domestic sewage and sewage treatment within the scope of industrial business; Development, construction and management of projects in environmental protection, water treatment and municipal public utilities; Ecological environment management; Soil treatment and remediation; The above technical services and information consultation; Self support and agency of the import and export business of the above commodities and technologies (except for the commodities and technologies restricted or prohibited by the state); (if the business scope involves manufacturing and production, another branch shall be established for operation). (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)

(2) Main business of the issuer

Since its establishment, the company has been focusing on the field of industrial water treatment. While deeply cultivating the field of water treatment in the power industry, the company actively expands to the fields of iron and steel, chemical industry, municipal administration, metal products and so on. Relying on core technologies such as electronic flocculation treatment technology of industrial wastewater, intelligent superconducting magnetic medium coagulation and sedimentation technology, zero discharge technology of highly difficult wastewater and catalytic oxidation technology of highly difficult wastewater, the company mainly provides large enterprise customers with design, consulting, system integration, sales and engineering contracting of special equipment for environmental protection water treatment.

The company’s main products are professional industrial water treatment equipment and systems, which are designed and produced according to the actual water treatment needs of customers. The industrial wastewater treatment equipment and systems and water supply treatment equipment and systems sold by the company are customized products; At the same time, the company also provides customers with design and consulting services related to industrial water treatment, as well as engineering construction services related to equipment integration and sales. (3) Issuer’s core technology

The company has always attached importance to the R & D and accumulation of key core technologies as the basis for the company to build competitive advantage and maintain sustainable development. The company has 19 core technologies. On the basis of traditional water treatment processes and technologies, we have developed electronic flocculation treatment technology for industrial wastewater, intelligent superconducting magnetic medium coagulation and sedimentation technology, zero discharge technology for highly difficult wastewater Catalytic oxidation technology and other core technologies of highly difficult waste hydropower (including low energy consumption cleaning technology, hydraulic reclaimed water reuse technology, grid stirring flocculation reaction, high-density raw water treatment technology, automatic sludge scraping technology, new combined water collection technology, dynamic mixing technology, combined sludge discharge technology, integrated deep filtration technology, electrochemical circulating water on-line descaling technology, mobile vehicle mounted high turbidity wastewater purification and treatment technology, high concentration Machine wastewater micro electrolysis technology, intelligent high difficulty wastewater evaporation technology, low resistance short-range continuous sludge scraping technology, vertical coaxial compact removable electronic flocculation technology, etc.).

1. Electronic flocculation technology for industrial wastewater treatment

(1) Basic information of core technology

Industrial wastewater electronic flocculation treatment technology is the core technology independently developed by the company. Under the condition of giving full play to the advantages of electronic flocculation technology, through continuous optimization of electrode, unique equipment structure and reasonable electric field design, the electronic flocculation treatment technology of industrial wastewater with high efficiency, low investment, low cost and strong impact resistance has been successfully developed, which has high technical barriers, It is not a general technology, and there is no risk of rapid iteration.

(2) Core technology related patents

As of the signing date of the listing sponsor, the company’s industrial wastewater electronic flocculation treatment technology has obtained 4 national utility model patents, They are “an electric flocculation water treatment device (201220646891.4)”, “an electronic flocculation treatment device (201821145942.9)”, “an electronic flocculator with integrated intelligent process for treating suspended solids wastewater (zl201922186868.6)” and “an intelligent industrial water treatment system based on cloud platform (zl202022453735.3)”; there are 4 software copyrights, respectively:“ Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) software of high efficiency electronic flocculation desulfurization wastewater treatment device v1 0 “, Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) thermal power plant electronic flocculation coal containing Wastewater Treatment System Software v1.0″, and ” Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) thermal power plant integrated electronic flocculation water treatment intelligent complete equipment Treatment System Software v1.0″ and ” Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) intelligent water management Cloud Service Platform Software v1.0″.

(3) Application of core technology

As one of the first batch of enterprises in China to introduce electronic flocculation technology into the field of industrial water treatment, the company applied the electronic flocculation technology of industrial wastewater to the field of power plant water treatment and successfully promoted it to the market. After years of development, the company’s industrial wastewater electronic flocculation treatment technology has established strong technical advantages and market competitive advantages in the field of water treatment. At the same time, the company continues to carry out R & D and innovation, and extends the application field of industrial wastewater electronic flocculation treatment technology to coal chemical industry, fine chemical industry, agrochemistry, electroplating, printing and dyeing and other industrial fields. At present, the company’s industrial wastewater electronic flocculation treatment system can be widely used in the pretreatment of various water treatment systems such as coal containing wastewater, desulfurization wastewater and electroplating wastewater, as well as other fields with suspended solids treatment needs.

2. Intelligent superconducting magnetic medium coagulation precipitation technology

(1) Basic information of core technology

Magnetic medium coagulation sedimentation water treatment technology is an efficient adsorption purification technology based on physicochemical method. It forms magnetic flocs of different pollutants through necessary physical and chemical reactions, and then uses magnetic force to quickly realize the separation of pollutant flocs and water body. It is a water purification technology of “active fishing” for pollutants in water body. The superconducting magnetic medium coagulation sedimentation water treatment technology overcomes the problem of insufficient magnetic field strength of core equipment in the conventional magnetic medium coagulation sedimentation technology in the market, which decays with the aging of equipment, so the recovery and utilization rate of magnetic medium is low, and solves the root cause of the load impact on the system and the adverse impact on the subsequent process caused by too large non-uniformity coefficient of core materials and too many impurities, The intelligent degree and reliability of the system are improved, and the labor intensity of operators is reduced.

(2) Core technology related patents

As of the signing date of the listing sponsor, the company’s intelligent superconducting magnetic medium coagulation and precipitation technology has obtained 8 national utility model patents, They are “a skid mounted magnetic medium coagulation desulfurization wastewater treatment device (zl201922413986.6)”, “a wet continuous automatic dosing system of magnetic medium powder (zl202021618037.8)”, “an eccentric cross flow magnetic medium floc de flocculation machine (zl202021619770.1)” and “a complete set of magnetic medium coagulation and sedimentation device for wet dosing” (zl202021619782.4) “,” a corrugated roller discharge magnetic medium separator (zl202022182346.1) “,” a magnetic medium coagulation reaction precipitator (zl202022789501.6) “,” a short process magnetic coagulation drinking water treatment device (zl202023110641.2) “and” a superconducting magnetic coagulation wastewater separation integrated machine (zl202121017964.9) “; 2 Software Copyrights:“ Jiangsu Jingyuan Environmental Protection Co.Ltd(688096) magnetic medium coagulation sedimentation System Software v1 0 “and” Jingyuan superconducting magnetic medium automatic dosing device Software v1.0 “.

(3) Application of core technology

Superconducting magnetic media can efficiently adsorb pollutants such as solid suspended solids (SS), chemical oxygen demand (COD), total phosphorus (TP), algae, etc. with the “superconducting magnetic media coagulation sedimentation water treatment integrated equipment” being included in the catalogue of new technologies and new products (batch 26) mainly promoted and applied in Jiangsu Province on June 21, 2021 、 August 24, 2021 was recognized as the first platform in Nantong in 2021 (sets) major equipment and key components can be predicted to be gradually widely used in industrial sewage, urban sewage, rural sewage, black and smelly water treatment and other fields. In addition, since the functionally modified superconducting magnetic medium can inhibit the leakage of heavy metal elements in the magnetic medium, when used for drinking water treatment, the content of heavy metal ions in the treated water can be completely satisfied Meet the hygienic standards of drinking water to ensure the safety of drinking water.

3. Zero discharge technology of highly difficult wastewater

(1) Basic information of core technology

In view of the problems of high investment, high operation cost and high disposal cost of by-products in the current wastewater zero discharge technology, the company has developed a set of highly difficult wastewater evaporative crystallization zero discharge process, including pretreatment process, membrane treatment process and evaporative crystallization process. Through solid-liquid separation and salt separation technology, the by-products are recycled to the greatest extent and reduced

 

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