Jiangsu Yunyi Electric Co.Ltd(300304) : Announcement on investment in new R & D and industrialization projects of semiconductor discrete devices

Securities code: Jiangsu Yunyi Electric Co.Ltd(300304) securities abbreviation: Jiangsu Yunyi Electric Co.Ltd(300304) Announcement No.: 2022013 Jiangsu Yunyi Electric Co.Ltd(300304)

Announcement on investment in new R & D and industrialization projects of semiconductor discrete devices

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.

1、 Investment overview

In order to fully grasp the development opportunities of the downstream market, further expand the business field of the company, and meet the needs of strategic development planning and business development, Jiangsu Yunyi Electric Co.Ltd(300304) (hereinafter referred to as "the company") plans to invest in the R & D and industrialization project of semiconductor discrete devices in Xuzhou high tech Zone, aiming to give full play to the core technology advantages of the company and promote the industrial layout of the company, Realize the extension of the company's industrial chain.

On March 9, 2022, the 17th meeting of the 4th board of directors and the 16th meeting of the 4th board of supervisors deliberated and adopted the proposal on investing in the construction project of new headquarters and R & D center, the proposal on investing in the R & D and industrialization project of new energy power module, and the proposal on investing in the R & D and industrialization project of new semiconductor discrete devices, According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the articles of association, the investment amount involved in the above investment matters has exceeded 50% of the company's latest audited net assets, which belongs to the decision-making authority of the general meeting of shareholders and needs to be submitted to the general meeting of shareholders for deliberation and approval. The board of directors requests the general meeting of shareholders to authorize the chairman of the company or his authorized person to handle subsequent matters related to project investment and construction. This investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.

2、 Basic information of investment projects

1. Project Name: R & D and industrialization project of semiconductor discrete devices;

2. Project implementation subject: Jiangsu Yunyi Electric Co.Ltd(300304) ;

3. Construction site: North Zhujiang Road and West Fumin Road, high tech Zone, Xuzhou City, Jiangsu Province (the specific location, boundary and area of the plot shall be subject to the reply of the natural resources and planning department);

4. Total investment of the project: the planned total investment of the project is about 6811638 million yuan (excluding the land cost paid for bidding for land use rights), including construction project investment, equipment purchase and installation investment, initial working capital investment, etc. the final total investment of the project is subject to the actual investment and will be invested as needed according to the actual progress of the project;

5. Source of project funds: self raised funds;

6. Construction period of the project: it is expected that it will not exceed 36 months from the commencement of construction, and the actual construction situation will prevail;

7. Construction scale and content of the project: the total construction area of the project is about 40000 square meters (auxiliary room is about 4000 square meters, subject to the actual construction). Carry out technical research and application expansion in the field of semiconductor discrete devices, enrich the product types of semiconductor discrete devices, purchase professional equipment such as production, experiment, test and auxiliary, and form patches Large scale production of shaft and packaged semiconductor discrete devices. It is expected that after the completion of the project, the annual sales revenue will be about 660 million yuan and the total annual profit will be about 134 million yuan, which will contribute new revenue and profit growth points to the company and further improve the overall profitability of the company.

3、 Existing risks and their impact on the company

(I) investment purpose

The development of semiconductor discrete devices is mainly guided by the demand of downstream application fields. They are widely used in various fields of the national economy such as consumer electronics, automobiles and household appliances. The market demand is strong. In recent years, with the rapid development of China's economy, the automobile industry has gradually developed towards electrification, networking, intelligence and sharing, The lifestyle of residents has changed, and the renewal and iteration speed of automotive electronics, consumer electronics, household appliances and other products has been accelerating, providing a stable market demand for semiconductor discrete device products. The company adheres to the established strategic direction, follows the development trend of the downstream market, and continues to promote business expansion in the field of semiconductor discrete devices. The construction of this project will help the company seize market opportunities, realize import substitution, further expand the company's business field, improve the company's comprehensive competitive strength, further improve the company's profitability and sustainable development ability, and meet the interests of the company and all shareholders.

(II) existing risks

1. The construction land of this investment project has not been obtained, and there is uncertainty about whether the land use right can be obtained, the final transaction price and the acquisition time. The company will actively maintain close communication with relevant government departments to ensure that it can be obtained by bidding through the open procedures of government land bidding, auction and listing.

2. The capital of this investment project comes from self raised funds. The investment amount is large and the construction cycle is long. In the process of project construction, if the credit policy and the smoothness of financing channels change, the company may bear certain capital risks. In order to avoid and reduce the financial risk of project construction, the company will make full use of the advantages of listed companies to ensure fund operation and reduce construction costs. At the same time, the company will make overall planning for fund arrangement in project construction, establish a scientific and reasonable supervision mechanism, and improve the utilization efficiency of funds, so as to ensure the good operation of project funds and ensure the smooth implementation of the project.

3. During the implementation of the project, there may still be risks such as project delay, less than expected implementation and less than expected income after production due to the influence of changing factors such as market environment, national and industrial policies, operation management, intensified market competition, technological progress and product market sales, Thus, there is a certain difference between the final realized income of the project and the expected value. Therefore, the company will comprehensively strengthen operation and management, improve management efficiency, strengthen and implement effective internal control and risk prevention mechanism, actively pay attention to the market environment, national and industrial policies, strengthen market research and judgment, and give full play to the advantages of cost control, so as to prevent and reduce relevant risks. 4. The total investment, construction period and other data involved in this investment project are estimated. The specific situation shall prevail, and the estimated number may be adjusted. There is certain uncertainty whether the implementation of the project can achieve the expected purpose and effect, which does not represent the company's prediction of future performance, nor does it constitute a performance commitment to investors, nor does it constitute a commitment to the amount of investment. The company will fulfill the obligation of information disclosure in time according to the follow-up progress of the project. Please invest rationally and pay attention to investment risks.

(III) impact on the company

The investment in the new R & D and industrialization project of semiconductor discrete devices will help the company give full play to its technical advantages, form large-scale production capacity, effectively optimize the company's product structure, help the company seize market opportunities, enrich the company's existing product types of power semiconductor discrete devices, and further optimize the company's product structure and business fields, Enhance the competitive advantage of products, improve the industrial layout, and comprehensively enhance the comprehensive competitive strength of the company. The implementation of the project will not have an adverse impact on the company's financial situation and production and operation, and will have a positive impact on the company's long-term development.

It is hereby announced

Jiangsu Yunyi Electric Co.Ltd(300304) board of directors March 10, 2002

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