Citic Securities Company Limited(600030)
About Ningxia Baofeng Energy Group Co.Ltd(600989)
Special verification report on the deposit and actual use of raised funds in 2021
Citic Securities Company Limited(600030) (hereinafter referred to as the “sponsor”) is the sponsor of initial public offering and listing of Ningxia Baofeng Energy Group Co.Ltd(600989) (hereinafter referred to as ” Ningxia Baofeng Energy Group Co.Ltd(600989) ” or “the company”), In accordance with the relevant provisions of the measures for the administration of securities issuance and listing recommendation business, the stock listing rules of Shanghai Stock Exchange (revised in 2022), the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 – standardized operation, and the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies (revised in 2022), The deposit and use of the raised funds in Ningxia Baofeng Energy Group Co.Ltd(600989) 2021 were checked. The details are as follows: I. Basic information of the raised funds (I) actual amount of raised funds and time of receipt of funds
With the approval of the reply on approving Ningxia Baofeng Energy Group Co.Ltd(600989) initial public offering of shares (zjxk [2019] No. 782) issued by China Securities Regulatory Commission, the company issued 733.36 million ordinary shares (A shares) in RMB for the first time, with a par value of 1 yuan per share and an issue price of 11.12 yuan per share, and the total amount of funds raised was 81549632 million yuan, After deducting 154963200 yuan of various issuance expenses, the net amount of raised funds is 800 million yuan. The above funds were received on May 9, 2019. Ernst & Young Huaming Certified Public Accountants (special general partnership) verified the availability of funds raised by the company’s initial public offering on May 9, 2019 and issued the capital verification report (Ernst & Young Huaming (2019) Yan Zi No. 61004853a01). (II) use and balance of raised funds
As of December 31, 2021, the company has used a total of 81790471 million yuan in the special account for raised funds; The balance of the raised funds account is 0 yuan, including the net amount of 240839 million yuan of accumulated bank deposit interest minus bank handling charges. 2、 Deposit and management of raised funds (I) management system of raised funds
The company has formulated the management system of raised funds, which has made specific and clear provisions on the storage, use and supervision of raised funds to ensure the standardized use of raised funds. (II) tripartite supervision agreement of raised funds
On May 10, 2019, the company, the sponsor Citic Securities Company Limited(600030) , and the bank where the special account for raised funds is located signed the tripartite supervision agreement on the storage of special account for raised funds. The contents of the relevant agreement are not significantly different from the tripartite supervision agreement (model) on the storage of special account for raised funds formulated by Shanghai Stock Exchange. (III) storage of raised funds in special account
As of December 31, 2021, the company’s deposit of raised funds is as follows:
Unit: Yuan
Sequence bank name bank account No. account balance No
1 China Construction Bank Corporation(601939) Yinchuan Xixia branch (note) 6405011001 Shanxi Blue Flame Holding Company Limited(000968) 8888-
2 Bank Of Communications Co.Ltd(601328) Ningxia Hui Autonomous Region Branch 641301100011904220138-
3 China Construction Bank Corporation(601939) Shenzhen Jingyuan sub branch 442501000086 Shenzhen Cereals Holdings Co.Ltd(000019) 41-
Total-
Note: on July 16, 2019, China Construction Bank Corporation(601939) Xixia sub branch issued the notice of account translation to the company, and according to the unified arrangement of China Construction Bank Corporation(601939) Ningxia Hui Autonomous Region Branch, all the unit bank accounts originally opened by the company in China Construction Bank Corporation(601939) Ningxia Hui Autonomous Region branch were translated to China Construction Bank Corporation(601939) Yinchuan Xixia sub branch. Therefore, the special account 6405011001 Shanxi Blue Flame Holding Company Limited(000968) 8888 originally opened by the company in China Construction Bank Corporation(601939) Ningxia Hui Autonomous Region Branch was transferred to China Construction Bank Corporation(601939) Yinchuan Xixia sub branch, and the original account name and account number remained unchanged after the account was transferred. 3、 Actual use of raised funds in 2021
In 2021, the use of the company’s raised funds is as follows:
Ningxia Baofeng Energy Group Co.Ltd(600989) comparison table of use of raised funds
Deadline: December 31, 2021 unit: 10000 yuan
The total amount of raised funds is 81549632, and the total amount of raised funds invested in this year is 1721150
Total amount of raised funds with changed purposes – total amount of raised funds invested cumulatively
The proportion of total raised funds with changed purposes is 81790471-
Whether the accumulated investment projects by the end of the period can be changed projects, After adjustment of commitments including raised funds, as of the end of the period, the difference between the cumulative amount of commitment investment in the current year and the expected amount of commitment investment in the current year as of the end of the period is the difference between the partial change of commitment investment projects (if any) the total amount of commitment investment (2) the amount of commitment investment (3) the progress (%) Estimated amount of available benefits (1) = (2) – (1) (4) = (2) / (1) significant changes in benefits on the status day
Coke gasification to produce Shanghai Pudong Development Bank Co.Ltd(600000) – 74000000 – 740 Ping An Bank Co.Ltd(000001) 72115074285586285586 100.39% 13606634 T / a olefin project in June 2020
Repayment of current loan 60 Shenzhen Zhenye(Group)Co.Ltd(000006) 0 Shenzhen Zhenye(Group)Co.Ltd(000006) 000000 100.00%
Total – 80000000 – 800 Ping An Bank Co.Ltd(000001) 72115080285586285586 100.36% 13606634 —
Reasons for not reaching the planned progress (by specific raised investment projects) the project shall be implemented according to the planned progress
There is no significant change in the feasibility of the project
As of April 30, 2019, the company has invested 3804016 million yuan of raised funds in advance with self raised funds.
On May 28, 2019, Ernst & Young Huaming Certified Public Accountants (special general partnership) issued the special assurance report on Ningxia Baofeng Energy Group Co.Ltd(600989) up to April 30, 2019 investment projects invested with self raised funds (Ernst & Young Huaming (2019) Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi Zi. On May 28, 2019, the company held the 23rd Meeting of the second board of directors and the 10th meeting of the second board of supervisors, and deliberated and adopted the proposal on using raised funds to replace self raised funds for projects invested with raised funds in the early stage, It is agreed that the company will use the raised funds to replace the self raised funds of 3804016 million yuan invested in the investment projects of the raised funds in the early stage. As of December 31, 2021, all the self raised funds of the above projects invested in raising funds in advance have been replaced.
Temporary replenishment of working capital with idle raised funds none
The amount of the balance of raised funds and the reasons for its formation are none
According to other uses of the raised funds, the cumulative issuance expenses paid are 1504885 million yuan, and the net amount of interest income from the deposits of raised funds after deducting bank handling charges is 240839 million yuan.
4、 Preliminary investment and replacement of investment projects with raised funds
As of April 30, 2019, the company has invested 3804016 million yuan of raised funds in advance with self raised funds. On May 28, 2019, Ernst & Young Huaming Certified Public Accountants (special general partnership) issued the special assurance report on Ningxia Baofeng Energy Group Co.Ltd(600989) pre investment of raised funds in investment projects with self raised funds (Ernst & Young Huaming (2019) ZZ No. 61004853a05).
On May 28, 2019, the company held the 23rd Meeting of the second board of directors and the 10th meeting of the second board of supervisors, deliberated and approved the proposal on using the raised funds to replace the self raised funds of the projects invested with raised funds in the early stage, and agreed that the company should use the raised funds to replace the self raised funds of the projects invested with raised funds in the early stage. 5、 Change the use of funds for investment projects with raised funds
As of December 31, 2021, the company has not changed the investment projects of raised funds.
6、 Problems in the use and disclosure of raised funds
The company has been listed in accordance with the stock listing rules of Shanghai Stock Exchange (revised in 2022), self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 – standardized operation, and regulatory guidelines for listed companies No. 2 – management and use of raised funds of listed companies
