Ruima precision: Announcement on the extension of investment projects with raised funds

Securities code: Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) securities abbreviation: Ruima precision Announcement No.: 2022011 Suzhou Cheersson Precision Metal Forming Co.Ltd(002976)

Announcement on the extension of investment projects with raised funds

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.

Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) (hereinafter referred to as "the company") held the 14th meeting of the second board of directors and the 10th meeting of the second board of supervisors on March 4, 2022, deliberated and adopted the proposal on the extension of investment projects with raised funds, It is agreed that the company will extend the "construction project of precision metal parts such as automobile and communication" and "construction project of R & D technology center" to September 30, 2023 and June 30, 2022 respectively. According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and the articles of association, the extension of the investment project with raised funds only involves the change of project implementation progress, and there is no situation of changing the investment direction of raised funds in a disguised manner, It is not necessary to submit it to the general meeting of shareholders for deliberation. The specific situation is hereby announced as follows: I. Basic information of raised funds

Approved by the reply on the approval of Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) initial public offering of shares (zjxk [2019] No. 2550) of China Securities Regulatory Commission and the notice on the listing of Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) RMB common shares (SZS [2020] No. 136) of Shenzhen Stock Exchange, the company publicly issues no more than 25 million RMB common shares to the public. The company actually issued 25 million RMB ordinary shares at an issue price of 19.01 yuan per share, and the total amount of funds raised was 475.25 million yuan. After deducting the total issuance expenses (including recommendation fees, underwriting fees, audit and verification fees, lawyer fees, information disclosure fees, issuance handling fees, etc.) of 4098334590 yuan (excluding value-added tax), The net amount of funds actually raised is RMB 43426665410. The above-mentioned raised funds were deposited into the capital account of the company on March 3, 2020, verified by Rongcheng Certified Public Accountants (special general partnership) and issued the capital verification report (Rongcheng Yan Zi [2020] No. 230z0017). The company has stored the raised funds in a special account and signed the tripartite supervision agreement on raised funds with the sponsor Chinalin Securities Co.Ltd(002945) (hereinafter referred to as " Chinalin Securities Co.Ltd(002945) ") and the deposit bank of raised funds.

2、 Use of raised funds

(I) construction progress of projects invested with raised funds

As of January 31, 2022, the construction progress of the company's fund-raising projects is as follows:

Unit: 10000 yuan

Project name total investment raised funds proportion of investment amount completed during the construction period

Automobile, communication and other precision metal parts construction projects 41504603894588 24 months 1073521 27.56%

R & D technology center construction project 448079448079 12 months 413238 92.22%

Total 45985394342667 - 148676 34.24%

3、 Details of the extension of the investment project with raised funds

Due to the global epidemic and other factors, the implementation of the company's fund-raising projects has been delayed compared with the original plan. After careful research, combined with the actual situation of the project construction and the future business development plan, it is proposed to postpone the fund-raising investment projects. The changes before and after each project reaches the expected usable state are as follows:

Project Name: date when the original project reaches the scheduled serviceable state after the scheduled extension date of the project

Automobile, communication and other precision metal parts construction project 2022 / 03 / 062023 / 09 / 30

R & D technology center construction project 2022 / 03 / 062022 / 06 / 30

4、 Impact and risk of the delay of the investment project with the raised funds

The postponement of the company's investment project with raised funds is a prudent decision made according to the actual construction situation of the project and the future business development plan. It only involves the change of the project implementation progress and will not have a substantive impact on the implementation of the investment project with raised funds. There is no situation of changing the investment direction of raised funds in a disguised manner and damaging the interests of the company and all shareholders, and will not affect the company's operation The financial situation has an adverse impact, which is in line with the company's long-term development plan. The delay of the investment project with raised funds will not make the company face new risks or uncertainties, and the risks are controllable.

5、 Relevant decision-making procedures and opinions

(I) deliberations of the board of directors

The 14th meeting of the second board of directors of the company deliberated and approved the proposal on the extension of investment projects with raised funds, and agreed to extend the date when the "construction project of precision metal parts such as automobile and communication" reaches the expected usable state to September 30, 2023, and the date when the "construction project of R & D technology center" reaches the expected usable state to June 30, 2022.

(II) deliberation of the board of supervisors

The 10th meeting of the second session of the board of supervisors of the company deliberated and approved the proposal on the extension of investment projects with raised funds. The board of supervisors held that the extension of this raised investment project only involves the change of project implementation progress, does not damage the interests of shareholders and change the investment direction of raised funds in a disguised manner, and will not have an adverse impact on the implementation of raised investment projects and the production and operation of the company. It is agreed that the company will postpone the investment projects with raised funds.

(III) opinions of independent directors

The postponement of the investment project with raised funds is a prudent decision made by the company from the perspective of safeguarding the interests of all shareholders and enterprises, combined with the actual construction progress of the current investment project with raised funds and the company's future business development plan. It does not involve the change of the purpose of the raised funds, and there is no situation of changing the investment direction of the raised funds in a disguised manner and damaging the interests of shareholders, especially small and medium-sized shareholders.

The company has fulfilled the necessary decision-making procedures for the extension of the investment project with raised funds, which complies with the relevant provisions of the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies and the guidelines for the self discipline supervision of listed companies of Shenzhen Stock exchange No. 1 - standardized operation of listed companies on the main board. We agree to the extension of the company's investment project with the raised funds.

(IV) verification opinions of the recommendation institution

Upon verification, the recommendation institution Chinalin Securities Co.Ltd(002945) believes that:

The postponement of this raised investment project of the company has been deliberated and approved at the 14th meeting of the second board of directors and the 10th meeting of the second board of supervisors. The independent directors of the company have expressed their explicit consent and fulfilled the necessary approval procedures, Comply with the relevant requirements specified in the measures for the administration of securities issuance and listing recommendation business, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, and the regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies; The postponement of the company's raised investment project does not involve the change of the implementation subject, investment content and investment scale, there is no change or disguised change in the investment direction of the raised funds, and there is no situation that damages the interests of the company and other shareholders, especially small and medium-sized shareholders. The recommendation institution has no objection to the extension of the company's raised investment project.

6、 Documents for future reference

1. Resolutions of the 14th meeting of the second board of directors;

2. Resolutions of the 10th meeting of the second board of supervisors;

3. Independent opinions of independent directors on the extension of investment projects with raised funds;

4. Verification opinions on the extension of Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) raised investment project issued by Chinalin Securities Co.Ltd(002945) .

It is hereby announced.

Suzhou Cheersson Precision Metal Forming Co.Ltd(002976) board of directors March 5, 2022

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