Hunan Yussen Energy Technology Co.Ltd(002986) : Announcement on the explanation that the investment project of the company's non-public offering of shares in 2022 does not belong to the two high policy projects

Securities code: Hunan Yussen Energy Technology Co.Ltd(002986) securities abbreviation: Hunan Yussen Energy Technology Co.Ltd(002986) Announcement No.: 2022028 Hunan Yussen Energy Technology Co.Ltd(002986)

Announcement on the explanation that the investment project of the company's non-public offering of shares in 2022 does not belong to the project of "two high policies"

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.

Hunan Yussen Energy Technology Co.Ltd(002986) (hereinafter referred to as "the company") conducted a self-examination on whether the investment project raised by the non-public offering of A-Shares (hereinafter referred to as "the non-public offering") in 2022 belongs to the project of "high energy consumption and high emission". Now the relevant information is explained as follows:

1、 Provisions on the "two high policies"

On May 30, 2021, the Ministry of ecology and environment issued the guiding opinions on strengthening the prevention and control of ecological environment sources of high energy consumption and high emission construction projects (EIA [2021] No. 45). According to its regulations, the "two high" projects are temporarily counted according to six industry categories, such as coal power, petrochemical, chemical industry, iron and steel, nonferrous metal smelting and building materials, If there are subsequent explicit provisions on the countries within the scope of "two highs", their provisions shall prevail.

On November 15, 2021, the national development and Reform Commission, the Ministry of industry and information technology, the Ministry of ecological environment, the State Administration of market supervision and the National Energy Administration jointly issued the notice of the national development and Reform Commission and other departments on publishing the benchmark level and benchmark level of energy efficiency in key areas of high energy consuming industries (version 2021) (fgy [2021] No. 1609), It aims to implement the opinions on strengthening energy efficiency constraints and promoting energy conservation and carbon reduction in key areas, guide all localities to scientifically and orderly carry out the technical transformation of energy conservation and carbon reduction in high energy consuming industries, and effectively curb the blind development of "high energy consumption and high emission" projects.

2、 Self inspection on projects invested with raised funds that do not belong to the "two high policies"

(I) the projects invested with raised funds do not belong to restricted and eliminated industries, and do not belong to backward production capacity

1. Overview of projects and products invested by raised funds

On February 17, 2022, the second meeting of the second board of directors of the company deliberated and approved the proposal on the company's non-public development of A-Shares and the proposal on the company's non-public development of A-Shares in 2022, raising funds to invest in phase I of light hydrocarbon comprehensive utilization project and supplement working capital.

The details of this raised investment project are as follows:

(1) Project Name: phase I of light hydrocarbon comprehensive utilization project

(2) Implementing entity: Huizhou Boke environmental protection new material Co., Ltd., a holding subsidiary of the company

(3) Implementation location: Huizhou New Material Industrial Park

(4) The main products planned are dimethyl succinate (DMS), 1,4-butanediol (BDO), polytetrahydrofuran (PTMEG) and polybutylene succinate (PBS), and γ - Butyrolactone (GBL), methyl acetate (MA) and other by-products are mainly important raw materials or direct components of biodegradable plastics. (1,4-butanediol (BDO) is n-butane maleic anhydride method)

(5) Project construction content: a set of 240000 T / a maleic anhydride unit, a set of maleic anhydride hydrogenation unit (130000 T / a BDO + 190000 T / a DMS), a set of 60000 T / a PBS unit, a set of 46000 T / a PTMEG unit, a set of 360 T / a oxidation catalyst unit and supporting utilities of the project. (maleic anhydride unit is n-butane oxidation process)

2. The projects invested with raised funds do not belong to the restricted and eliminated projects in the Guiding Catalogue for industrial structure adjustment (2019 version)

The comparison of the company's investment projects and planned main products with the Guiding Catalogue for industrial structure adjustment (2019 Edition) is as follows:

Project Name: whether the planned main product "industrial structure adjustment guidance item" belongs to the control category and elimination category of the restricted record (2019 version)

Dimethyl succinate (DMS), 1,4-butanediol

Alcohol (BDO), polytetrahydrofuran (PTMEG) biodegradable plastics and their systems

Comprehensive utilization of light hydrocarbons and polybutylene succinate (PBS), as well as the development and production of listed products

Project phase I γ - Butyrolactone (GBL) and methyl acetate (MA) are encouraged projects

And other by-products; Mainly biodegradable plastics

Important raw materials or direct components of materials

Therefore, the investment projects raised this time do not belong to the restricted and eliminated projects in the Guiding Catalogue for industrial structure adjustment (2019 Edition), which is in line with the national industrial policy.

3. The investment projects with raised funds do not involve industries in which the state has eliminated backward and excess capacity

According to the notice of the national development and Reform Commission, the Ministry of industry and information technology, the national energy administration, the Ministry of finance, the Ministry of human resources and social security and the state owned assets supervision and Administration Commission of the State Council on doing a good job in resolving overcapacity in key areas in 2018 (fgy [2018] No. 554) Notice of the national development and Reform Commission, the Ministry of industry and information technology and the National Energy Administration on doing a good job in resolving overcapacity in key areas in 2019 (fgy [2019] No. 785) The notice of the national development and Reform Commission, the Ministry of industry and information technology, the national energy administration, the Ministry of finance, the Ministry of human resources and social security and the state owned assets supervision and Administration Commission of the State Council on resolving overcapacity in key areas in 2020 (fgfgy [2020] No. 901), the notice of the State Council on Further Strengthening the elimination of backward production capacity (GF [2010] No. 7) According to normative documents such as the notice of the Ministry of industry and information technology on printing and distributing the implementation plan for the assessment of eliminating backward production capacity (MIIT Lianye [2011] No. 46) and the completion of the objectives and tasks of eliminating backward and excess production capacity in various regions in 2015 (Announcement No. 50 of the Ministry of industry and information technology and the National Energy Administration in 2016), the industries to eliminate backward and excess production capacity in China are: ironmaking Steel making, coke, ferroalloy, calcium carbide, electrolytic aluminum, copper smelting, lead smelting, cement (clinker and mill), flat glass, papermaking, tanning, printing and dyeing, lead storage battery (sector and assembly), electric power and coal.

The industry in which the fund-raising investment project is located belongs to the manufacturing industry of biodegradable plastic raw materials, and does not involve the industries in which the above-mentioned countries eliminate backward and excess capacity.

(II) the projects invested by the raised funds do not belong to the projects in key industrial fields of high energy consuming industries, and the planned products do not belong to "high pollution and high environmental risk" products

1. The projects invested with raised funds are not projects in key industrial fields of high energy consuming industries

According to the opinions of the national development and Reform Commission and other departments on strict energy efficiency constraints and promoting energy conservation and carbon reduction in key fields (fgy [2021] No. 1464), iron and steel, electrolytic aluminum, cement, flat glass, oil refining, ethylene, synthetic ammonia, calcium carbide and other key industrial fields that need energy conservation and carbon reduction and green transformation.

According to several opinions on promoting energy conservation and carbon reduction in key fields by strict energy efficiency constraints, the key industry product names involved in the action plan for promoting energy conservation and carbon reduction by strict energy efficiency constraints in key petrochemical industries (20212025) are: oil refining, naphtha hydrocarbons, ethylene Synthetic ammonia (including high-quality anthracite lump coal, non high-quality anthracite lump coal, briquette, pulverized coal (including anthracite pulverized coal and bituminous coal), natural gas) and calcium carbide.

In order to guide all localities to carry out the technological transformation of energy conservation and carbon reduction in high energy consuming industries in a scientific and orderly manner and effectively curb the blind development of "two high" projects, the national development and Reform Commission and other departments jointly issued the benchmark level and benchmark level of energy efficiency in key areas of high energy consuming industries (2021 Edition), which stipulates that the key areas of high energy consuming industries include: crude oil processing and petroleum product manufacturing, coking Coal to liquid fuel production, inorganic alkali manufacturing, inorganic salt manufacturing, organic chemical raw material manufacturing (including naphthalene, ethylene and p-xylene), other basic chemical raw materials manufacturing (yellow phosphorus), nitrogen fertilizer manufacturing, phosphorus fertilizer manufacturing, cement manufacturing, flat glass manufacturing, building ceramic products manufacturing, sanitary ceramic products manufacturing, ironmaking, steelmaking, ferroalloy smelting, copper smelting Lead zinc smelting and aluminum smelting.

The investment project of the raised funds belongs to the manufacturing industry project of biodegradable plastic raw materials. The planned main products do not belong to the products in the key areas of high energy consuming industries listed in the above policies, and comply with the national industrial policy and development plan.

2. The project products invested with raised funds do not belong to "high pollution and high environmental risk" products

In order to curb the blind development of "two high" projects, guide the green transformation of enterprises and promote the high-quality development of the industry, the Ministry of ecology and environment issued the comprehensive directory of environmental protection (2021 version), which contains 932 products with "high pollution and high environmental risk".

The main products planned for the project invested by the raised funds do not belong to "high pollution and high environmental risk" products. 3、 Approval progress and follow-up arrangements for the filing and approval of raised capital investment projects

According to relevant national laws and regulations, the project filing, energy conservation review, environmental impact assessment and other relevant approval procedures shall be performed before the implementation of the project invested with raised funds. At present, the construction project filing, energy-saving review, EIA reply and other relevant procedures of the phase I of the light hydrocarbon comprehensive utilization project invested by the raised funds are being handled.

4、 Explain the conclusion

The investment projects raised by the company's non-public offering of A-Shares in 2022 do not belong to the restricted and eliminated projects in the Guiding Catalogue for industrial structure adjustment (2019 version), the elimination of backward and excess capacity, and the projects in key industrial fields of high energy consuming industries in the benchmark level of energy efficiency in key fields of high energy consuming industries (2021 version); The products planned for the project invested by the raised funds do not belong to the "high pollution and high environmental risk" products in the comprehensive list of environmental protection (2021 Edition). The project invested by the raised funds has not been completed yet. The company will actively go through the procedures of project filing, energy conservation review and environmental impact review involved in the project.

It is hereby announced.

Hunan Yussen Energy Technology Co.Ltd(002986) board of directors

February 2023

- Advertisment -