Shenzhen Wenke Landscape Co.Ltd(002775)
Feasibility analysis report on the use of funds raised by non-public offering of A-Shares I. overview of the use of funds raised by this non-public offering
The total amount of funds raised from the non-public offering of shares is expected to be no more than 292 million yuan. The net amount of funds raised after deducting the issuance expenses will be used to supplement the working capital. 2、 Feasibility analysis of the use of the raised funds (I) necessity of the raised funds
This non-public offering of shares is conducive to improving the company’s working capital strength, seizing the development opportunities of the industry, promoting the recovery of the company’s main business income and net profit, and is conducive to the sustainable development of the company.
At the end of 2018, 2019, 2020 and September 2021, the asset liability ratios of the company’s consolidated statements were 34.54%, 43.30%, 53.13% and 59.64% respectively, and the asset liability ratio showed an upward trend year by year. The high asset liability structure restricts the company’s business development to a certain extent and increases the company’s financial cost. After the completion of this non-public offering, the company’s capital structure will be optimized, and its investment and financing ability and anti risk ability will be significantly enhanced, which is conducive to the sustained and rapid growth of the company’s main business. （2） Feasibility of the raised funds
The use of the funds raised by the company’s non-public offering complies with the requirements of relevant policies, laws and regulations, and is feasible. After the funds raised from this non-public offering are in place, the company’s asset liability ratio will be reduced, which is conducive to improving the company’s capital structure, reducing the company’s financial risk, promoting the sustained, healthy and steady development of the company’s business, which is in line with the interests of the company and all shareholders. 3、 Impact of this issuance on the company’s operation and management and financial status (I) impact on the company’s operation and management
After deducting the issuance expenses, all the funds raised by the company in this non-public offering are intended to be used to supplement the working capital. The use of the raised funds will help to optimize the company’s capital structure, improve the company’s anti risk ability, ensure the steady development of the company’s daily production and operation, and have important strategic significance for the company’s future development. （2） Impact on financial position
This issuance will correspondingly increase the company’s total assets and net assets, and make the asset liability ratio more reasonable, which will help the company to enhance its capital strength, follow-up financing ability and anti risk ability. The funds raised by this non-public offering of shares will enhance the company’s sustainable development ability and meet the interests of the company and all shareholders. 4、 Conclusion on the feasibility of using the raised funds from this non-public offering
The use plan of the funds raised by the company’s non-public offering complies with the company’s business development plan in the future, as well as relevant policies, laws and regulations, and is necessary and feasible. The availability and use of the raised funds are conducive to meeting the capital needs of the company’s business development, improving the company’s overall strength and profitability, enhancing the company’s sustainable development ability, and in line with the interests of the company and all shareholders.
Shenzhen Wenke Landscape Co.Ltd(002775) board of directors December 23, 2001
