Huachuang Securities Co., Ltd
About Dalian Demaishi Precision Technology Co.Ltd(301007)
Verification opinions on adjusting the proposed investment amount of the investment project with raised funds
1、 Overview of raised funds
Registered in the reply on Approving the registration of Dalian Demaishi Precision Technology Co.Ltd(301007) initial public offering shares (zjxk [2021] No. 1356) issued by China Securities Regulatory Commission and approved by Shenzhen Stock Exchange, the company issued 38.34 million ordinary shares (A shares) in RMB for the first time, with a par value of 1.00 yuan per share and an issue price of 5.29 yuan per share, The total amount of funds raised is 20281860000 yuan, and the actual net amount of funds raised after deducting relevant issuance expenses is 16702425895 yuan. Dahua Certified Public Accountants (special general partnership) verified the availability of funds for the company’s initial public offering and issued a capital verification report numbered “Dahua Yan Zi (2021) 000405”.
As of December 31, 2021, the company has invested 16723099075 yuan in the raised capital investment projects, including 15735609166 yuan invested in the raised capital projects with its own funds before the raised funds are in place; From the time the raised funds are in place to December 31, 2021, the interest income received is 20673180 yuan and the raised funds used is 987489909 yuan. As of December 31, 2021, the balance of raised funds is RMB 0.
2、 Reasons and specific conditions for adjusting the total investment of raised investment projects and the investment amount of raised funds
(I) adjustment reasons
The net amount of funds actually raised by the company’s initial public offering and listing is 167024300 yuan, which is less than the amount of funds originally planned. Based on the principles of rationality, efficiency and economy, and after carefully considering objective factors in combination with the actual situation, the company plans to adjust the total investment of raised investment projects to 2031347 million yuan after deliberation and approval by the board of directors, Adjust the investment amount of the raised funds of the raised investment project to 167231000 yuan (including 206700 yuan of interest income), so as to actively and steadily promote the project construction and effectively safeguard the legitimate interests of all shareholders.
(II) adjustment
Before adjustment:
According to the use plan of the raised funds in the prospectus of the company’s initial public offering and listing on the gem, the total investment of the company’s raised projects is expected to be 3150738 million yuan, and the raised funds to be used are planned to be 3150738 million yuan for the expansion project of precision production line. The construction period of the project is 18 months.
After adjustment:
The total investment of the raised investment project is adjusted to 2031347 million yuan, of which the investment amount of raised funds is adjusted to 167231 million yuan (including 206700 yuan of interest income). The remaining gap is raised and invested by the company, and the raised investment project is expected to be completed on June 30, 2022. After the project is completed, it is estimated that the annual operating income of the raised investment project will be 2033895 million yuan and the total profit will be 260814 million yuan.
3、 Impact of this event on the company
The company’s adjustment of the total investment of the raised investment project and the investment amount of the raised funds is made according to the actual situation of the company after comprehensively considering the factors such as the large planned investment gap of the original raised investment project. It will not have a significant adverse impact on the production and operation of the company, which is in line with the actual situation of the company and conducive to the long-term development of the company. This adjustment does not change the investment direction and purpose of the raised funds, nor does it damage the interests of shareholders, especially minority shareholders. The company will strengthen the supervision of the construction progress of relevant projects to improve the benefits of raised investment projects.
4、 Review procedures for implementation
1. Deliberations of the board of directors
On March 15, 2022, the third meeting of the third board of directors of the company deliberated and approved the proposal on adjusting the proposed investment amount of investment projects with raised funds, and agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
2. Deliberation of the board of supervisors
The adjustment of the proposed investment amount of the investment project with raised funds is a prudent adjustment made by the company based on the actual situation. The necessary review procedures have been performed, and there is no change in the investment direction and purpose of the raised funds, It complies with the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM and the management system of raised funds of the company, conforms to the interests of the company and all shareholders, and is conducive to the production, operation and long-term development of the company. The board of supervisors agrees that the company will adjust the total investment of raised investment projects and the amount of raised funds this time.
3. Opinions of independent directors
The adjustment of the proposed investment amount of the investment project with raised funds is a reasonable adjustment made by the company after careful study according to the actual situation. The adjustment items have fulfilled the necessary procedures and comply with the relevant laws, regulations, normative documents and relevant requirements of regulatory authorities. There is no change in the investment direction and purpose of the raised funds and damage to the interests of shareholders, which is in line with the interests of the company and all shareholders, and there is no damage to the interests of small and medium-sized shareholders. It is agreed to adjust the total investment of the raised investment project and the investment amount of the raised funds, and it is agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for approval before implementation.
5、 Verification opinions of the recommendation institution
After verification, the sponsor believes that: the matters related to the adjustment of the total investment amount of raised investment projects and the investment amount of raised funds by the company according to the actual availability of raised funds have been deliberated and approved by the board of directors and the board of supervisors, and the opinions explicitly agreed by the independent directors need to be submitted to the general meeting of shareholders for deliberation, which is in line with the Listing Rules of GEM stocks of Shenzhen Stock Exchange The requirements of relevant provisions such as the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM. The matter still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The recommendation institution agrees to the company’s adjustment of the total investment of the raised investment project and the investment amount of the raised funds.
(there is no text on this page, which is the signature page of the verification opinions of Huachuang Securities Co., Ltd. on Dalian Demaishi Precision Technology Co.Ltd(301007) adjusting the proposed investment amount of the raised capital investment project) sponsor representative:
Zuo Hongkai, Gao jinni
Huachuang Securities Co., Ltd
