Securities code: China United Network Communications Limited(600050) securities abbreviation: China United Network Communications Limited(600050) Announcement No.: 2022019 China United Network Communications Limited(600050)
Deposit of raised funds in 2021
Special report related to actual use
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
China United Network Communications Limited(600050) (hereinafter referred to as “the company”, “the company” or ” China United Network Communications Limited(600050) “) the board of directors in accordance with the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies (announcement of China Securities Regulatory Commission [2022] No. 15) and A special report on the deposit and actual use of raised funds in 2021 has been prepared in accordance with the provisions of the guidelines for self discipline supervision of listed companies of Shanghai Stock Exchange No. 1 – standardized operation. The special description of the deposit and actual use of the raised funds in 2021 is as follows:
1、 Basic information of raised funds
(I) actual amount of raised funds and availability of funds
On October 13, 2017, the company received the reply on approving China United Network Communications Limited(600050) non-public development of shares (zjxk [2017] No. 1822) issued by the China Securities Regulatory Commission, which approved the company’s non-public offering of no more than 9037354292 new shares. The company issued 9037354292 RMB ordinary shares (A shares) to specific objects in the form of non-public offering at an issue price of 6.83 yuan / share. The total amount of funds raised in this offering is 6172512981436 yuan. After deducting underwriting and recommendation expenses and other issuance expenses, the total amount is 17906012777 yuan (excluding value-added tax). The net amount of funds raised by the company is 615460968659 yuan. KPMG Huazhen Certified Public Accountants (special general partnership) verified the receipt of funds raised by the company’s non-public offering of shares as of October 26, 2017, and issued KPMG Huazhen Yan Zi No. 1700642 capital verification report on October 27, 2017.
(II) use and balance of raised funds in 2021
In 2021, the company used 23612102693 yuan of raised funds, 6158632512530 yuan of raised funds have been used accumulatively, 4025543871 yuan of interest income from the deposit of raised funds in banks and cash management of temporarily idle raised funds have been accumulated, and the balance of unused raised funds is 0.00 yuan, The balance of the raised funds account is RMB 0.00.
2、 Management of raised funds
In order to regulate the management and use of the company’s raised funds and protect the rights and interests of investors, the company, in accordance with the provisions of laws, regulations and normative documents such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of the raised funds of listed companies, the guidelines for the self discipline supervision of listed companies on Shanghai Stock Exchange No. 1 – standardized operation, and the China United Network Communications Limited(600050) articles of association, Formulated the management and use system of China United Network Communications Limited(600050) raised funds and the implementation rules of China United Network Communications Limited(600050) raised funds management.
According to the management and use system of China United Network Communications Limited(600050) raised funds, the company opened special accounts for raised funds in Industrial And Commercial Bank Of China Limited(601398) Beijing Chang’an sub branch, Agricultural Bank Of China Limited(601288) Beijing Branch, Bank Of China Limited(601988) Beijing Xicheng sub branch, China Construction Bank Corporation(601939) Beijing Xidan sub branch, China Merchants Bank Co.Ltd(600036) Beijing Branch. All the raised funds have been deposited in the special account for raised funds opened after they are received.
On October 24, 2017, the company signed the tripartite supervision agreement on the storage of special account for raised funds with the recommendation institution China International Capital Corporation Limited(601995) (hereinafter referred to as ” China International Capital Corporation Limited(601995) ” or “recommendation institution”) and the above-mentioned commercial bank for the storage of raised funds; On October 24, 2017, the company cooperated with China United Network Communication Co., Ltd. (hereinafter referred to as “Unicom operation company”), a wholly-owned subsidiary of China United Network Communication (Hong Kong) Co., Ltd., a holding subsidiary, and China International Capital Corporation Limited(601995) and the above commercial banks that deposited the raised funds
The bank signed the four party supervision agreement on the storage of special account for raised funds. These agreements are in accordance with the offering agreement of Shanghai Stock Exchange
There is no significant difference in the tripartite supervision agreement (model) for the storage of special fund collection account, and the company and all parties have agreed in accordance with the agreement
Discuss relevant provisions and fulfill the responsibilities and obligations of all parties.
Since the raised funds of the company have been used up and the special account for raised funds is no longer used, the company has completed the raising
Cancellation of special fund collection account.
3、 Actual use of raised funds this year
(I) use of funds for projects invested with raised funds
As of December 31, 2021, the company has paid RMB for projects invested with raised funds
6158632512530 yuan, as follows:
Sequential fund-raising fund-raising fund of which: of which: of which: the name of project: the total amount to be invested in 2017, 2018, 2019, 2020 and 2021 (RMB 100 million) (RMB 100 million) (RMB 100 million) (RMB 100 million) (RMB 100 million) (RMB 100 million) (RMB 100 million) (RMB 100 million) (RMB 100 million)
1 4G capacity improvement project 398.16 398.16 103.72 255.90 38.54 —
5g networking technology verification
2. Related business enabling and network 198.23 198.23 — 26.37 169.50 2.36 network trial commercial construction project
3 innovation business construction project 20.86 19.47 1.17 5.45 9.88 2.97 0.00
Total 617.25 615.86 104.89 261.35 74.79 172.47 2.362
The company held the 24th Meeting of the 6th board of directors and the 17th meeting of the 6th board of supervisors on March 11, 2021, which were deliberated and adopted
The proposal on adjusting the investment amount of investment projects with raised funds was adopted to reduce the investment amount of raised funds in “innovative business construction projects”
RMB 236 million of the unused raised funds of the project is invested in the “5g networking technology verification, related business enabling and network trial commercial construction project”
Objective “.
For the specific use of funds for the project invested with raised funds, please refer to the annex comparison table of the use of raised funds (attached)
Table 1).
(II) replacement of self raised funds for investment projects invested with raised funds in advance with raised funds
In 2021, the company did not use the raised funds to replace the investment projects invested in the raised funds in advance
Fund raising.
(III) temporary replenishment of working capital with idle raised funds
On October 13, 2017, the company held the 12th meeting of the 5th board of directors and the 9th meeting of the 5th board of supervisors, deliberated and adopted the proposal on temporarily replenishing the working capital of China United Network Communication Co., Ltd. with idle raised funds, and agreed that the company would be idle after the raised funds reached the special account of China Unicom operating company, Use idle raised funds (limited to the net amount of raised funds after deducting relevant issuance expenses) to temporarily supplement the working capital of Unicom operating company, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors.
On April 19, 2018, the company issued the announcement of China United Network Communications Limited(600050) on returning the raised funds, which made it clear that as of April 19, 2018, the company had returned all the idle raised funds temporarily used to supplement working capital to the special account for raised funds of Unicom operation company, And has informed the recommendation institution China International Capital Corporation Limited(601995) and the recommendation representative of the return of the above raised funds in time.
On April 20, 2018, the company held the third meeting of the sixth board of directors and the third meeting of the sixth board of supervisors, deliberated and approved the proposal on using idle raised funds to temporarily supplement the working capital of China United Network Communication Co., Ltd., and agreed that the company would use the raised funds of no more than RMB 47 billion to temporarily supplement the working capital of China Unicom, The term of use shall not exceed 12 months from the date of deliberation by the board of directors.
On March 12, 2019, the company issued the announcement of China United Network Communications Limited(600050) on returning the raised funds, which made it clear that as of March 12, 2019, the company had returned all the idle raised funds temporarily used to supplement working capital to the special account for raised funds of Unicom operation company as promised, The company’s recommendation institution China International Capital Corporation Limited(601995) and the recommendation representative have been informed of the above return matters in time.
On March 13, 2019, the company held the 11th meeting of the 6th board of directors and the 8th meeting of the 6th board of supervisors, deliberated and approved the proposal on using idle raised funds to temporarily supplement the working capital of China Unicom’s operating company, and agreed to use the raised funds of no more than RMB 26 billion to temporarily supplement the working capital of China Unicom’s operating company, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors.
The announcement on raising funds also made it clear that as of March 12, 2020, the company had returned all the idle raised funds temporarily used to supplement working capital to the special account for raising funds of China Unicom operation company as promised, and had timely notified the company’s sponsor China International Capital Corporation Limited(601995) and the sponsor representative of the above return matters.
On March 23, 2020, the company held the 17th meeting of the 6th board of directors and the 13th meeting of the 6th board of supervisors, deliberated and adopted the proposal on using idle raised funds to temporarily supplement the working capital of China Unicom’s operating company, and agreed to use the raised funds of no more than RMB 17.6 billion to temporarily supplement the working capital of China Unicom’s operating company, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors.
On March 10, 2021, the company issued the announcement of China United Network Communications Limited(600050) on return of raised funds, which made it clear that as of March 10, 2021, the company had returned all idle raised funds temporarily used to supplement working capital to the special account for raised funds of China Unicom operation company as promised, The company’s recommendation institution China International Capital Corporation Limited(601995) and the recommendation representative have been informed of the above return matters in time.
On March 11, 2021, the company held the 24th Meeting of the 6th board of directors and the 17th meeting of the 6th board of supervisors, deliberated and approved the proposal on using idle raised funds to temporarily supplement the working capital of China Unicom operating company, and agreed that the company should use the raised funds of no more than RMB 300 million to temporarily supplement the working capital of China Unicom operating company, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors. From the date of adoption of the above resolution to December 31, 2021, the company has not used idle raised funds to temporarily supplement the working capital of Unicom operating company.
(IV) cash management of idle raised funds and investment in related products
In 2021, the company did not use idle raised funds to invest in related products.
(V) permanent replenishment of working capital or repayment of bank loans with over raised funds
The company has no over raised funds in this non-public offering of shares.
(VI) use of over raised funds for projects under construction and new projects (including acquisition of assets, etc.)
The company has no over raised funds in this non-public offering of shares.
(VII) use of surplus raised funds
As of December 31, 2021, the company has not used the balance to raise funds.
4、 Change the use of funds of raised investment projects
In 2021, the company did not change the raised investment projects.
5、 Problems in the use and disclosure of raised funds
The board of directors of the company believes that the company has timely, truly, accurately and completely disclosed the deposit and actual use of the raised funds of the company, and there is no major case of illegal use of the raised funds. The company has faithfully fulfilled its obligation to disclose the investment direction and progress of the raised funds.
6、 Postponement of some investment projects with raised funds
On March 23, 2020, the company held the 17th meeting of the 6th board of directors and the 13th meeting of the 6th board of supervisors, deliberated and adopted the proposal on the extension of some investment projects with raised funds respectively, and agreed that the company would verify 5g networking technology The completion time of fund-raising investment of relevant business enabling and network trial commercial construction projects and innovative business construction projects was postponed from 2019 to 2021
