Securities code: 300494 securities abbreviation: Hubei Century Network Technology Inc(300494) Announcement No.: 2021-087
Hubei Century Network Technology Inc(300494)
Announcement on the use of temporarily idle raised funds for cash management
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.
Hubei Century Network Technology Inc(300494) (hereinafter referred to as "the company") convened the 9th meeting of the 4th board of directors on December 14, 2021, deliberated and adopted the proposal on cash management with temporarily idle raised funds , agree to use the temporarily idle raised funds up to RMB 400 million for cash management and purchase principal guaranteed financial products with high safety and good liquidity.
Since the third meeting of the Fourth Board of directors of the company on April 26, 2021 deliberated and approved the proposal on continuing to use its own funds to purchase financial products, and agreed that the company would use its own funds of no more than RMB 500 million for cash management, after the additional cash management limit of raised funds, the total cash management limit of the company would reach RMB 90 million, Accounting for more than 50% of the audited net assets of the company in the latest fiscal year, according to the regulations of Shenzhen Stock Exchange gem stock listing rules, the use of raised funds for cash management needs to be deliberated and approved by the general meeting of shareholders.
The details are hereby announced as follows:
1、 Basic information of raised funds
The company has issued RMB common shares to specific objects this time with the approval of registration in the reply of China Securities Regulatory Commission on approving Hubei Century Network Technology Inc(300494) to issue shares to specific objects (zjxk [2021] No. 883) (A shares) 31665598 shares, with a par value of RMB 1.00 per share and an issue price of RMB 15.36 per share. The total amount of raised funds is RMB 486383585.28, and the net amount of raised funds is RMB 474894865.27 after deducting the issuance expenses excluding tax of RMB 11488720.01. The above raised funds have been approved by Zhongshen Zhonghuan certified public accountants The capital verification report (zhyz (2021) No. 0100090) issued by (special general partnership) on November 22, 2021 was verified.
The company has deposited the above raised funds in the special account for raised funds, and signed the tripartite supervision agreement for raised funds with the sponsor and the commercial bank storing the raised funds.
2、 Investment projects with raised funds
According to the prospectus for the issuance of A-Shares to specific objects on the Hubei Century Network Technology Inc(300494) gem (Registration draft), the investment projects and use plans of the funds raised by the company's issuance of shares to specific objects are as follows:
No. project name total investment amount (ten thousand) proposed fund-raising amount (ten thousand)
1 Hubei Century Network Technology Inc(300494) cloud game service platform project 43518.3437675.91
2 Hubei Century Network Technology Inc(300494) game authorization and operation project 5788.182384.15
3 Hubei Century Network Technology Inc(300494) game service item 5107.374450.54
4. Big data and cloud storage platform upgrade project 3581.312222.97
5. Supplementary working capital 1904.79 1904.79
59,900.0048,638.36
3、 Reasons for idle raised funds
The construction of projects invested with raised funds needs a certain period. The company will orderly promote the investment projects with raised funds in accordance with the use plan of raised funds. According to the actual construction progress of the project invested by the raised funds, the raised funds will be temporarily idle in the short term. On the premise of not affecting the construction of investment projects with raised funds and the normal operation of the company, the company will reasonably use idle raised funds for cash management to improve the use efficiency of raised funds.
4、 Basic information of cash management using temporarily idle raised funds this time
(i) Cash management purpose
In order to improve the use efficiency of the company's temporarily idle raised funds, the company plans to use the temporarily idle raised funds for cash management without affecting the investment project construction and normal operation of the company, so as to obtain more returns for the company and shareholders.
（2） Service life
It shall be valid for one year from the date of deliberation and approval by the general meeting of shareholders.
（3） Investment quota
The maximum amount shall not exceed RMB 400 million, within which the funds can be used on a rolling basis. （4） Product variety
The company will strictly control risks, strictly evaluate products, and temporarily idle raised funds for cash management, which shall meet the following requirements:
1. It has high security, meets the capital preservation requirements, and the product issuer can provide capital preservation commitments;
2. Good liquidity, which will not affect the normal progress of the investment project with raised funds. Product varieties include but are not limited to principal guaranteed financial products, structured deposits, time deposits or large certificates of deposit, with a holding period of no more than 12 months. The above products shall not be used for pledge, and the special product settlement account shall not be used for non raised funds or other purposes. If the special product settlement account is opened or cancelled, the company will timely submit it to Shenzhen stock exchange for filing and announcement.
（5） Implementation mode
The chairman is authorized to exercise the investment decision-making power, and the financial person in charge is responsible for the specific purchase.
（6） Information disclosure
The company will timely fulfill the obligation of information disclosure in accordance with relevant requirements such as the Listing Rules of Shenzhen Stock Exchange gem and the guidelines for standardized operation of companies listed on Shenzhen Stock Exchange gem.
5、 Risk analysis and risk control measures
(i) Risk analysis
1. Although the product of idle raised funds for cash management is a principal guaranteed product with high safety and good liquidity, the financial market is greatly affected by the macro-economy, and it is not excluded that the cash management is affected by market fluctuations. 2. The company will intervene timely and appropriately according to the economic situation and changes in the financial market, so the actual income of cash management is unpredictable.
3. Operation and monitoring risks of relevant staff.
（2） Risk control measures
1. The financial center of the company will timely analyze and track the product investment direction and project progress. If it is found that there are risk factors that may affect the safety of the company's funds, it will timely take corresponding preservation measures to control the risks
2. The Audit Department of the company is responsible for auditing and supervising the use and storage of cash management funds.
3. The independent directors and the board of supervisors have the right to supervise and inspect the use of cash management. On the basis of verification by the Audit Department of the company, if the board of supervisors and independent directors of the company consider it necessary, they can hire professional institutions to conduct audit. 4. The company will do a good job of relevant information disclosure in accordance with the relevant provisions of Shenzhen Stock Exchange.
6、 Impact on the daily operation of the company
The company adheres to standardized operation, maintains and increases value and prevents risks. Under the condition of ensuring the construction of investment projects with raised funds and the normal operation of the company, using temporarily idle raised funds for cash management can obtain certain income and better return for the company and shareholders.
7、 Relevant approval procedures and audit opinions
1. After deliberation at the 9th meeting of the 4th board of directors of the company, the proposal on using temporarily idle raised funds for cash management was adopted. The board of directors agreed that the company should use temporarily idle raised funds of no more than RMB 400 million for cash management to purchase principal guaranteed financial products with high safety and good liquidity, which are within the above limit, Funds can be used on a rolling basis.
2. The independent directors of the company carefully reviewed the proposal on cash management using temporarily idle raised funds, clearly expressed independent opinions and agreed to the proposal on cash management using temporarily idle raised funds.
3. After deliberation at the 8th meeting of the 4th board of supervisors of the company, the proposal on using temporarily idle raised funds for cash management was adopted. The board of supervisors agreed that the company should use temporarily idle raised funds of no more than RMB 400 million for cash management to purchase principal guaranteed financial products with high safety and good liquidity, which are within the above limit, Funds can be used on a rolling basis.
4. Opinions of the sponsor
After verification, the sponsor believes that: Hubei Century Network Technology Inc(300494) the use of temporarily idle raised funds for cash management has been deliberated and adopted at the ninth meeting of the Fourth Board of directors and the eighth meeting of the Fourth Board of supervisors. The independent directors have expressed their independent opinions with explicit consent and fulfilled the necessary legal procedures. The matter needs to be submitted to the general meeting of shareholders for deliberation. Without affecting the use of the raised funds, according to the investment plan and construction progress of the investment projects invested by the raised funds, the company will use the temporarily idle raised funds up to RMB 400 million for cash management to purchase capital guaranteed financial products with high safety and good liquidity, which is conducive to improving the use efficiency of the company's funds, There is no situation that damages the interests of the company and all shareholders, especially minority shareholders.
To sum up, the recommendation institution has no objection to the company's use of temporarily idle raised funds for cash management. 8、 Documents for future reference
1. Resolution of Hubei Century Network Technology Inc(300494) the 9th meeting of the 4th board of directors;
2. Independent opinions on matters related to the ninth meeting of the Fourth Board of directors;
3. Resolution of Hubei Century Network Technology Inc(300494) the 8th meeting of the 4th board of supervisors;
4. Verification opinions of Huaying Securities Co., Ltd. on Hubei Century Network Technology Inc(300494) using temporarily idle raised funds for cash management.
It is hereby announced.
Hubei Century Network Technology Inc(300494) board of directors
December 14, 2021
