About Gui Zhou Tyre Co.Ltd(000589)
Verification opinions on the deposit and use of raised funds in 2021
Guosen Securities Co.Ltd(002736) (hereinafter referred to as “sponsor”) as a sponsor of Gui Zhou Tyre Co.Ltd(000589) (hereinafter referred to as ” Gui Zhou Tyre Co.Ltd(000589) ” or “company”) for non-public offering of shares in 2020, in accordance with the measures for the administration of securities issuance and listing sponsor business, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies The deposit and use of the raised funds in Gui Zhou Tyre Co.Ltd(000589) 2021 have been verified in accordance with the provisions of relevant laws, regulations and normative documents such as the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 13 – recommendation business, and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board. The details are as follows:
1、 Basic information of raised funds
(I) actual amount of raised funds and time of fund arrival
Approved by the reply on approving Gui Zhou Tyre Co.Ltd(000589) non-public Development Bank shares (zjxk [2021] No. 15) issued by China Securities Regulatory Commission on January 5, 2021, the company issued 15873015800 ordinary shares at the price of 6.3 yuan per share in Shenzhen Stock Exchange on March 8, 2021. The non-public offering raised a total of 999999999540 yuan. After deducting 1564217050 yuan of listing expenses such as underwriter intermediary fees, the net amount of funds actually raised was 98435782490 yuan. The above funds have been fully paid in on March 9, 2021, and the paid in funds have been verified by the capital verification report of Zhonghua Certified Public Accountants (special general partnership) Zhonghui Zi (2021) No. 01730. (II) use and balance of raised funds
In 2021, 741632600 yuan of raised funds were used. As of December 31, 2021, the balance of the raised funds account is 188941700 yuan (including the net amount of accumulated bank deposit interest received minus bank handling charges). 2、 Deposit and management of raised funds
In order to strengthen and standardize the management of raised funds, improve the use efficiency of funds and protect the rights and interests of investors, the company has, in accordance with the provisions of laws, regulations and normative documents such as the stock listing rules of Shenzhen Stock Exchange (revised in 2022) and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of companies listed on the main board, and in combination with the actual situation of the company, The management system for special storage and use of raised funds has been formulated to manage the special storage and use of raised funds. According to the company’s management system for special storage and use of raised funds, the company has deposited the above raised funds in the special account for raised funds established by the decision of the board of directors, and signed the tripartite supervision agreement for raised funds with the sponsor Guosen Securities Co.Ltd(002736) , the Bank of deposit of the special account for raised funds Bank Of Guiyang Co.Ltd(601997) Yunyan sub branch on March 29, 2021, There is no significant difference between the tripartite regulatory agreement and the model tripartite regulatory agreement of Shenzhen Stock Exchange, and there is no problem in the performance of the tripartite regulatory agreement. For details, see the announcement on signing the tripartite supervision agreement on raised funds (Announcement No.: 2021005) disclosed by the company on March 30, 2021.
As of December 31, 2021, the deposit of the company’s raised funds is as follows:
Unit: 10000 yuan
Balance of initial deposit amount of raised funds deposited in bank account on the deadline
Bank Of Guiyang Co.Ltd(601997) Yunyan sub branch 11910123670 Nantong Jianghai Capacitor Co.Ltd(002484) 98600001889417
Total – 98600001889417
3、 Actual use of raised funds this year
As of December 31, 2021, the actual use of the company’s raised funds is as follows:
Unit: 10000 yuan
The total amount of raised funds is 9843578, and the total amount of raised funds invested in this year is 7416326
Total amount of raised funds changed during the reporting period-
Accumulated total raised funds with changed purposes – accumulated total raised funds invested 7416326
Proportion of total raised funds with accumulative change of purpose-
Whether the raised funds have been invested in the current reporting period after adjustment. By the end of the reporting period, whether the investment projects have reached the pre project feasibility achieved by the end of the reporting period, whether the investment projects and over raised funds have been committed to change projects (including the total amount of committed investment, the cumulative investment progress (%) (3) Total amount (1) amount (2) = (2) / (1) status date
Committed investment projects
1. Vietnam’s annual output of 1.2 million all steel radial tires item no 75.34% 202206-30 not applicable not applicable no
Item 100 China Baoan Group Co.Ltd(000009) 84357874163267416326
Total – 100 China Baoan Group Co.Ltd(000009) 84357874163267416326 75.34% —
In the second quarter of 2021, the covid-19 epidemic broke out in Vietnam, which affected the progress of equipment installation, commissioning and batch trial production of the project with an annual output of 1.2 million all steel radial tires in Vietnam. The project did not meet the planned progress or expected income and the original purpose could not reach the usable state on December 31, 2021 as originally planned.
According to the current construction situation and subsequent planning, the company held the 29th meeting of the seventh board of directors (by specific project) and the 22nd Meeting of the seventh board of supervisors on December 23, 2021, and considered and adopted the proposal on the extension of investment projects with raised funds, It is agreed to postpone the completion time of the raised investment project “Vietnam annual output of 1.2 million all steel radial tires project” to June 30, 2022.
The description of major changes in the feasibility of the project is not applicable to the amount, purpose and use progress of the over raised funds. It is not applicable to the change of the implementation location of the investment project invested by the raised funds
The adjustment of the implementation mode of the project invested by raised funds is not applicable
On April 12, 2021, the 20th meeting of the seventh board of directors of the company deliberated and approved the proposal on replacing self raised funds for pre invested projects and paid issuance fees with raised funds, and agreed to replace self raised funds for pre invested projects and paid issuance fees with raised funds of RMB 4858798 million, The total amount of replacement funds is RMB 4858798 million for the early investment and replacement of the investment project with raised funds. Zhonghua Certified Public Accountants (special general partnership) issued the verification report on the special instructions of Gui Zhou Tyre Co.Ltd(000589) using self raised funds to invest in the raised investment projects in advance and pay the issuance expenses (Zhong Hui Zi [2021] No. 03573). The sponsor Guosen Securities Co.Ltd(002736) issued verification opinions and agreed that the company would use the raised funds to replace the self raised funds of the projects invested in advance and the paid issuance expenses.
Temporary replenishment of working capital with idle raised funds is not applicable to the amount of raised fund balance in the implementation of the project and the reason why it was not applicable
Purpose and whereabouts of unused raised funds as of December 31, 2021, unused raised funds (including the net amount of accumulated bank deposit interest received minus bank handling charges) will be deposited in the special account for raised funds, and will be used for the construction of raised investment projects in accordance with the investment plan.
Problems in the use and disclosure of raised funds or no other circumstances
Note: 1. The difference between the special account for raised funds and the balance not invested in the raised funds is due to the interest income generated by the special user of raised funds and the amount transferred from the raised funds account to the Vietnam raised investment project account on December 21, 2021 has not been used.
4、 Change the use of funds for investment projects with raised funds
In 2021, the company did not change the investment projects with raised funds.
5、 Problems in the use and disclosure of raised funds
As of December 31, 2021, the information disclosure on the use of the company’s raised funds was timely, true, accurate and complete, and there were no violations in the storage, use, management and disclosure of the raised funds.
6、 Accountant’s verification opinions on the annual storage and use of raised funds
Zhonghua Certified Public Accountants (special general partnership) conducted a special audit on the special report on the deposit and use of raised funds in Gui Zhou Tyre Co.Ltd(000589) 2021 and issued the verification report on the annual deposit and use of raised funds in Gui Zhou Tyre Co.Ltd(000589) 2022 No. 01999, It is considered that the special report on the raised funds of the company is in accordance with the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies issued by China Securities Regulatory Commission 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 issued by Shenzhen Stock Exchange And relevant format guidelines, which fairly reflected the deposit and use of raised funds of Gui Zhou Tyre Co.Ltd(000589) company in 2021 in all major aspects.
7、 Verification of recommendation institutions
The recommendation representative of the recommendation institution checked the deposit and use of Gui Zhou Tyre Co.Ltd(000589) raised funds and the implementation of the investment projects with raised funds by means of data review and interview records. The main verification contents include: communicating with relevant personnel of the company, consulting the bank statement for the deposit of raised funds, the special report on the deposit and use of the company’s annual raised funds, the assurance report of Accountants on the annual deposit and use of raised funds, as well as various business and management rules and regulations, from the management of the company’s raised funds, the purpose of the raised funds The integrity, rationality and effectiveness of the fund-raising system were verified in terms of the information disclosure of the raised funds. 8、 Verification opinions of the recommendation institution
After verification, the recommendation institution believes that in 2021, Gui Zhou Tyre Co.Ltd(000589) raised funds were deposited and used in accordance with the relevant provisions of China Securities Regulatory Commission and Shenzhen Stock Exchange on the management of raised funds, the tripartite supervision agreement was effectively implemented, the raised funds were stored and used in a special account, and there was no change in the purpose of raised funds, There is no illegal use of the raised funds.
(no text below)
(signature and seal page of “verification opinions on the deposit and use of raised funds”)
Sponsor representative:
Li Dongfang, Liu Ying
Guosen Securities Co.Ltd(002736) MM DD YY
