Securities code: 002798 securities abbreviation: D&O Home Collection Co.Ltd(002798) Announcement No.: 2021-105 bond Code: 127047 bond abbreviation: Diou convertible bond
D&O Home Collection Co.Ltd(002798)
Announcement on the progress of Sun Corporation's foreign investment, construction and production projects
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
D&O Home Collection Co.Ltd(002798) (hereinafter referred to as "the company") held the 26th meeting of the third board of directors and the 22nd Meeting of the third board of supervisors on March 30, 2018, deliberated and adopted the proposal on foreign investment of Guangxi Oushennuo Ceramics Co., Ltd., and agreed to Foshan Oushennuo Ceramics Co., Ltd. (hereinafter referred to as "Oushennuo"), the holding subsidiary of the company ）Guangxi Oushennuo Ceramics Co., Ltd. (hereinafter referred to as "Guangxi Oushennuo"), a wholly-owned subsidiary of, as the implementation subject, self raised funds to invest in the implementation of the "Oushennuo eight groups of intelligent production line (energy conservation, emission reduction and water conservation) project with an annual output of 50 million square meters of high-end wall and floor tiles" The total investment of the project shall not exceed 1.05 billion yuan. For details, please refer to China Securities Journal, securities times, Shanghai Securities News, securities daily and cninfo.com on March 31, 2018（ http://www.cn.info.com..cn. ）The announcement on Sun Yat Sen's foreign investment in the construction of production lines (Announcement No.: 2018-038) disclosed has been deliberated and adopted at the 2017 annual general meeting of shareholders.
The company held the 29th meeting of the third board of directors and the 24th Meeting of the third board of supervisors on June 1, 2018, and deliberated and adopted the proposal on additional investment in production line projects invested by Sun company abroad. It is agreed that Guangxi Oushennuo will use self raised funds to invest an additional 400 million yuan in the "Oushennuo Group 8 intelligent production line (energy conservation, emission reduction and water conservation) of high-end wall and floor tiles with an annual output of 50 million square meters". The total investment scale of the project will reach 1.45 billion yuan. For details, please refer to the company's announcement in the designated information disclosure media China Securities Journal on June 2, 2018 Securities times, Shanghai Securities News, securities daily and cninfo（ http://www.cn.info.com..cn. ）Announcement on the additional investment of Sun Yat Sen's foreign investment in the construction of production line project (Announcement No.: 2018-062).
On August 15, 2020, the company disclosed the plan for public issuance of convertible corporate bonds, which plans to use the raised funds of no more than 720 million yuan for the phase II construction of "Oushennuo Group 8 intelligent production line with an annual output of 50 million square meters of high-end wall and floor tiles (energy conservation, emission reduction and water conservation) project".
On December 24, 2020, The first antique brick / glazed brick production line in phase II of the above "Oushennuo Group 8 intelligent production line with an annual output of 50 million square meters of high-end wall and floor tiles (energy conservation, emission reduction and water conservation) project" has been completed and ignited for trial production. For details, see the progress announcement on foreign investment, construction and production projects of Sun company disclosed by the company on December 26, 2020 (Announcement No.: 2020-147).
2、 Progress of foreign investment
The second antique brick / glazed brick production line in the second phase of "Oushennuo Group 8 intelligent production line with an annual output of 50 million square meters of high-end wall and floor tiles (energy conservation, emission reduction and water conservation) project" has been completed and ignited for trial production on December 10, 2021.
The project adopts industry advanced production lines and technical processes, introduces high-end equipment at home and abroad, and intelligent and automatic systems such as automatic glaze matching system, automatic packaging system, automatic blank storage system, automatic color separation system and automatic deformation equipment, so as to continuously provide high-quality mass production support for the company and improve the comprehensive strength of the company.
Since the project will take some time from ignition trial production to production. At the same time, it may also face the risk that the benefits of the project invested with raised funds cannot be realized on schedule due to the impact of factors such as changes in the market demand environment and intensified industry competition. Please pay attention to investment risks.
It is hereby announced.
D&O Home Collection Co.Ltd(002798) board of directors December 15, 2021
