Securities code: Sinomag Technology Co.Ltd(300835) securities abbreviation: Sinomag Technology Co.Ltd(300835) Announcement No.: 2021011
On the closing of projects invested with raised funds and raising the surplus funds
Announcement of permanent replenishment of working capital
The company and all directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions in the announcement.
Sinomag Technology Co.Ltd(300835) (hereinafter referred to as "the company") held the 14th meeting of the 5th board of directors and the 10th meeting of the 5th board of supervisors on March 14, 2022, deliberated and adopted the proposal on closing investment projects with raised funds and permanently replenishing working capital with surplus raised funds, The company will settle the investment project of "8000 tons of high-performance permanent ferrite wet pressed magnetic tile project" raised by initial public offering, and permanently supplement the working capital with the surplus raised capital of 730804 million yuan (including the unpaid project balance, financial income, deposit interest, etc., and the final amount shall be subject to the bank interest settlement balance on the day of capital transfer out). In accordance with relevant laws and regulations such as self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of companies listed on GEM (hereinafter referred to as "self regulatory guidelines No. 2"), the "8000 ton annual high-performance permanent ferrite wet pressed magnetic tile project" is concluded and the surplus raised funds are permanently supplemented with working capital, It needs to be submitted to the general meeting of shareholders for deliberation and approval. Relevant matters are hereby announced as follows:
1、 Basic information of raised funds
Approved by the reply on approving Sinomag Technology Co.Ltd(300835) initial public offering of shares (zjxk [2020] No. 742) of China Securities Regulatory Commission and approved by Shenzhen Stock Exchange, Sinomag Technology Co.Ltd(300835) (hereinafter referred to as "the company") is approved to publicly issue 17.67 million RMB common shares (A shares), with a par value of RMB 1.00 per share and an issue price of RMB 20.00 per share, The total amount of funds raised from the issuance of new shares is 353.4 million yuan. After deducting the issuance expenses of 73.944 million yuan, the net amount of funds raised is 279456 million yuan.
The above raised funds have been transferred to the special account for raised funds of the company on May 20, 2020. Tianjian Certified Public Accountants issued the special verification report of the raised funds (No. 1-88 in 2020).
After deducting the issuance expenses, the funds raised from the initial public offering of shares shall be used for the following items:
No. project name total investment amount investment amount of raised funds to be used
(10000 yuan) (10000 yuan)
1 annual output of 8000 tons high performance 18413601794560
Permanent ferrite wet pressed magnetic tile project
2. Supplementary working capital 10 Ping An Bank Co.Ltd(000001) 000000
Total 28413602794560
2、 Storage, management and use of raised funds
In order to standardize the management and use of raised funds, improve the efficiency and efficiency of fund use and protect the interests of investors,
In accordance with the company law, the securities law and the guidelines for the supervision of listed companies No. 2 - capital raising by listed companies
The regulations of relevant laws, regulations and normative documents, such as "regulatory requirements for the management and use of gold", shall be combined with the actual situation
The management system of raised funds has been formulated. According to the above provisions, the company has adopted a special account for the raised funds
According to the storage system, all the raised funds have been deposited in the special account for raised funds after they are received, and have been communicated with the recommendation institution
The commercial banks that deposit the raised funds have signed the supervision agreement on the raised funds. Regulatory agreement and Shenzhen Stock Exchange
There is no significant difference in the three-party regulatory agreement model, and the company has strictly followed and performed the raised funds,
In order to facilitate the management and use of the raised funds and supervise their use, so as to ensure that the special funds are used for special purposes.
As of the disclosure date of this announcement, the company has four special accounts for raising funds through initial public offering,
The establishment, storage and use of special accounts are as follows:
Deposit bank account name special account account number initial deposit balance fund purpose
amount of money
Industrial Bank Co.Ltd(601166) Co., Ltd. has 499060100 high performance permanent magnet Co., Ltd. Hefei Branch 1 Jiangsu Yoke Technology Co.Ltd(002409) 6817984506 Shenzhen Fountain Corporation(000005) 154877275 ferrite wet pressed magnetic tile project
Hefei Science and technology rural business 200 Tianqi Lithium Corporation(002466) 33
Industrial Bank Co., Ltd. 76660 Shenzhen Fountain Corporation(000005) 15000000000 has been closed
Company Lujiang sub branch supplementary working capital
Shanghai Pudong Development Bank 5808007880
Bank Co., Ltd. 12 Shenzhen Zhenye(Group)Co.Ltd(000006) 515000000000 has been closed
Hefei Branch
Shanghai Pudong Development Bank Anhui Jinzhai general magnetic 5808007880 annual output of 8000 tons high performance Yonghang Co., Ltd. 14 Shenzhen Zhenye(Group)Co.Ltd(000006) 500. Beijing Shiji Information Technology Co.Ltd(002153) 161294 ferrite wet pressed magnetic tile project of Hefei Branch
3、 Overview of the closing and surplus raised funds of the raised investment project
(I) basic information of completed projects
The "8000 T / a high-performance permanent ferrite wet pressed magnetic tile project" promises to raise a total investment of 179456 million yuan, the actual construction investment is 1104406 million yuan, and the remaining raised funds are 730804 million yuan (including the unpaid project balance, financial income, deposit interest, etc., and the final amount shall be subject to the bank interest settlement balance on the day of fund transfer out).
As of February 28, 2022, the capital construction of the project has been completed as planned. (II) main reasons for savings of raised funds
During the implementation of the raised investment project, the company strictly abides by the relevant provisions on the use of raised funds, uses the raised funds prudently and allocates resources reasonably based on the principle of economy and rationality, and saves part of the raised funds by strengthening the control and management of all links of fund use.
4、 Plan and arrangement for permanent replenishment of working capital with surplus raised funds
In view of the fact that the company's "8000 ton / a high-performance permanent ferrite wet pressed magnetic tile project" has been basically completed, in order to improve the utilization efficiency of funds, in accordance with the Shenzhen Stock Exchange gem stock listing rules, self regulatory guidelines No. 2, regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies and other relevant provisions, The company plans to permanently supplement the working capital of 730804 million yuan (including the unpaid project balance, financial income, deposit interest, etc., and the final amount shall be subject to the bank interest settlement balance on the day of capital transfer out) from the surplus raised funds of the above-mentioned raised investment projects for daily production and operation. After the surplus raised funds are transferred out, the above-mentioned special account for raised funds will no longer be used, and the company will go through the account cancellation procedures.
5、 Relevant approval and review procedures
1. Deliberations of the board of directors
The 14th meeting of the 5th board of directors of the company deliberated and approved the proposal on closing the investment projects with raised funds and permanently replenishing the working capital with the surplus raised funds, and agreed to close the project of "8000 tons of high-performance permanent ferrite wet pressed magnetic tile per year" and permanently replenish the working capital with the surplus raised funds.
2. Deliberation of the board of supervisors
The 10th meeting of the 5th board of supervisors of the company deliberated and approved the proposal on closing the investment projects with raised funds and permanently replenishing the working capital with the surplus raised funds. After verification, the board of supervisors held that the company's "project with an annual output of 8000 tons of high-performance permanent ferrite wet pressed magnetic tile" has been basically completed, The company's permanent replenishment of working capital from the surplus raised funds of the project complies with the provisions of relevant laws and regulations such as listing rules, self regulatory guidelines No. 2 and regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies, which is conducive to improving the efficiency of the use of funds of the company, There is no case of changing the investment direction of the raised funds in a disguised form or damaging the interests of the company and minority shareholders.
3. Opinions of independent directors
The company has concluded the project of "8000 T / a high-performance permanent ferrite wet pressed magnetic tile project" and permanently supplemented the surplus raised funds with working capital, which is in line with the actual situation of the company's development and has fulfilled the necessary examination and approval procedures. The contents and deliberation procedures are in line with the listing rules, self regulatory guidelines No. 2, the company's measures for the management of raised funds and other relevant documents, Legal and valid; It is conducive to improving the use efficiency of the raised funds, reducing the financial cost, and will not have an adverse impact on the normal operation of the company. There is no situation of changing the investment direction of the raised funds in a disguised form and damaging the interests of the shareholders of the company, especially the rights and interests of minority shareholders. Therefore, we agree to the closing of the company's investment projects with raised funds, and permanently supplement the working capital with the surplus raised funds.
4. Verification opinions of the recommendation institution
After verification, the sponsor believes that the closing of the company's investment projects with raised funds and the permanent supplement of the surplus raised funds to the working capital have been deliberated and approved at the 14th meeting of the 5th board of directors and the 10th meeting of the 5th board of supervisors. The independent directors of the company have expressed their independent opinions with explicit consent and fulfilled the necessary decision-making procedures. The closing of the company's investment projects with raised funds and the permanent replenishment of working capital with the surplus raised funds can be implemented only after being deliberated and approved by the general meeting of shareholders. The above-mentioned acts and matters do not change the purpose of the raised funds in a disguised manner and damage the interests of shareholders, and comply with the provisions of the listing rules, the self regulatory guidance No. 2 of Shenzhen Stock Exchange, the regulatory guidance No. 2 of listed companies - regulatory requirements for the management and use of the raised funds of listed companies, as well as the laws, regulations and normative documents related to the use of the raised funds.
If the fund raised by the sponsor for this project has no objection to the permanent fund-raising of the company.
6、 Documents for future reference
1. Resolutions of the 14th meeting of the 5th board of directors;
2. Resolutions of the 10th meeting of the 5th board of supervisors;
3. Independent directors' independent opinions on matters related to the 14th meeting of the 5th board of directors;
4. Guoyuan Securities Company Limited(000728) verification opinions on the closing of Sinomag Technology Co.Ltd(300835) raised capital investment project and permanently replenishing the surplus raised capital into working capital.
It is hereby announced
Sinomag Technology Co.Ltd(300835) board of directors March 15, 2022
