Securities code: Genbyte Technology Inc(003028) securities abbreviation: Genbyte Technology Inc(003028) Announcement No.: 2022005 Genbyte Technology Inc(003028)
Announcement on the use of raised funds to purchase land use rights
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.
Special tips:
1. The land use right to be purchased this time needs to be transferred by listing. There are uncertainties about whether the land use right can be won, the final transaction area, price and acquisition time of the land use right.
2. The capital source of the land use right to be purchased this time is the company's raised funds, which involves the company changing some raised investment projects and using the raised funds to purchase the land use right. The change of the company's raised capital investment projects still needs to be considered by the company's general meeting of shareholders, which is uncertain. The company will fulfill the obligation of information disclosure in time in strict accordance with relevant regulations. Please make careful decisions and pay attention to investment risks.
Genbyte Technology Inc(003028) (hereinafter referred to as "the company") held the 18th (Interim) meeting of the second board of directors and the 17th (Interim) meeting of the second board of supervisors on March 4, 2022, and deliberated and adopted the proposal on using raised funds to purchase land use rights. The relevant information is hereby announced as follows:
1、 Basic information of transaction
Based on the long-term needs of the company's strategic planning and business development, the company plans to use the raised funds of no more than RMB 80 million to purchase the state-owned land use right with an area of about 32700 M2 (the specific location, area and purchase price of the final land use right are subject to the transaction confirmation), which will expand the R & D and production area and enrich the company's product structure, Further enhance the company's comprehensive competitive strength, and solve the land demand for the implementation of the company's fund-raising project "high-end intelligent controller R & D and production base project (phase I)", so as to provide necessary guarantee for the company's high-quality sustainable development in the future.
Genbyte Technology Inc(003028) (hereinafter referred to as "the company") held the 18th (Interim) meeting of the second board of directors on March 4, 2022, deliberated and adopted the proposal on using raised funds to purchase land use rights. Authorize the company to use the raised funds of no more than RMB 80 million to purchase the land use right of industrial land, and authorize the company to participate in land auction as the implementation subject. According to relevant laws and regulations, normative documents and the articles of association, the amount of land use right to be auctioned is within the approval authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation and approval; If the final bidding amount exceeds the approval authority of the board of directors, the matter needs to be submitted to the general meeting of shareholders for deliberation. This transaction does not constitute a connected transaction, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of counterparty
The transferor of the land use right purchased this time is Guangming Administration Bureau of Shenzhen Municipal Bureau of planning and natural resources.
Guangming administration of Shenzhen Municipal Bureau of planning and natural resources has no relationship with the company and its shareholders, directors, supervisors and senior managers.
3、 Basic information of transaction object
The subject matter of this transaction is located in the northeast of the intersection of Keyu road and Changyue Road, Yutang street, Guangming District, Shenzhen. The land area is about 32700 square meters. The total amount of purchase with raised funds is expected to be no more than 80 million yuan (the specific location, area and purchase price of the final land use right are subject to the transaction confirmation). The nature of the land is mainly industrial land, The transfer period is 30 years, and the transfer method is listing transfer.
4、 Transaction purpose and impact
Based on the company's long-term competitive development, the company plans to use the land for R & D and the comprehensive use of funds to further enhance the company's long-term competitive development, which will provide a guarantee for the company's sustainable development. The purchase of land use right is invested with the funds raised by the company, which will not have a significant impact on the company's financial and operating conditions, and there is no situation that damages the interests of the company and all shareholders.
5、 Risk tips
The land use right purchased this time needs to be transferred by listing, and there is a risk of uncertain transaction results. The company will timely fulfill its obligation of information disclosure in accordance with laws, regulations and regulatory requirements. Please pay attention to the risks.
6、 Documents for future reference
1. Resolution of the 18th (Interim) meeting of the second board of directors;
2. Resolution of the 17th (Interim) meeting of the second board of supervisors.
It is hereby announced.
Genbyte Technology Inc(003028) board of directors March 9, 2022
