Securities code: Xinjiang Daqo New Energy Co.Ltd(688303) securities abbreviation: Xinjiang Daqo New Energy Co.Ltd(688303) Announcement No.: 2022036 Xinjiang Daqo New Energy Co.Ltd(688303)
Report on the use of previously raised funds (Updated)
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 the announcement, and bear legal responsibility for the authenticity, accuracy and integrity of the contents according to law.
1、 Basic information of raised funds
With the approval of the reply on Approving the registration of Xinjiang Daqo New Energy Co.Ltd(688303) initial public offering of shares (zjxk [2021] No. 2110 document of China Securities Regulatory Commission, Xinjiang Daqo New Energy Co.Ltd(688303) has actually issued 300 million RMB common shares (A shares) to the public (with a par value of RMB 1.00 per share), and the issue price is 21.49 yuan / share. The total amount of funds raised in the previous issuance of the company was RMB 644700000000. After deducting the previous issuance expenses of RMB 37980820755, the net amount of funds raised was RMB 606719179245 (excluding the input tax of value-added tax related to issuance expenses). All the above funds were received on July 19, 2021, verified by Deloitte Touche Tohmatsu (special general partnership) and issued a capital verification report DSB (y) Zi (21) No. 00348.
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 (CSRC announcement [2012] No. 44) issued by the China Securities Regulatory Commission In accordance with the provisions of the guidelines on self-discipline supervision of companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation and the guidelines on the format of temporary Announcement No. 16 special report on the deposit and actual use of raised funds by listed companies issued by Shanghai Stock Exchange, a special account has been adopted for the storage and management of raised funds, and a special account for raised funds has been opened, On July 20, 2021, it signed the tripartite supervision agreement on the storage of special account for raised funds with the sponsor China International Capital Corporation Limited(601995) Wanzhou Branch, Bank Of China Limited(601988) Shihezi Beier road sub branch, Bank Of China Limited(601988) Yangzhong sub branch, China Everbright Bank Company Limited Co.Ltd(601818) Urumqi branch.
The company deposits the above-mentioned raised funds in the following special accounts:
Unit: RMB
Initial deposit amount of the deposit method of the account number of the opening bank of the special account for raised funds balance on December 31, 2021
Chongqing Rural Commercial Bank Co., Ltd. 290101012001 Jiangsu Boamax Technologies Group Co.Ltd(002514) 7 current 351188840000330562966 Wanzhou Branch
Bank Of China Limited(601988) 107087994445 current 1104068 Shenzhen Fountain Corporation(000005) 7573813000 Shihezi Beier road sub branch
Bank Of China Limited(601988) 502776395337 current 10670616 China Greatwall Technology Group Co.Ltd(000066) 704278591 Yangzhong sub branch
Urumqi branch of China China Everbright Bank Company Limited Co.Ltd(601818) Co., Ltd. 50820188000305583 current 421050 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 2389128321
Total 6104068 Ping An Bank Co.Ltd(000001) 66997782878
The above actually received raised funds of RMB 610406800000 are the same as the funds raised in the previous issuance
The difference between the net amount of RMB 606719179245 is the prepaid recommendation and underwriting expenses of RMB
138800000 yuan and other issuance expenses of 3548820755 yuan.
2、 Actual use of the previously raised funds
(I) comparison table of the use of the previously raised funds
As of December 31, 2021, the total amount of raised funds used by the company was 3626435158
The specific use is shown in Annex 1: "comparison table of the use of the previously raised funds".
(II) description of the early investment and replacement of the investment projects invested by the previously raised funds
On August 18, 2021, the company held the 16th meeting of the second board of directors and the 9th meeting of the second board of supervisors
The meeting deliberated and adopted the regulations on the use of raised funds to replace pre invested raised investment projects and paid issuance fees
The proposal of using self raised funds approved the company to use the raised funds of RMB 17821675 million for replacement
On July 23, 2021, the self owned funds of the project invested with raised funds shall be invested in advance, and the raised funds shall be used in RMB
RMB 137378 million replaces the issuance fees paid from the self owned capital account as of July 23, 2021 (excluding
VAT). The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter. two thousand and twenty-one
On September 3, 2003, the company completed the above raised funds to replace the self raised funds invested in advance.
(III) cash management of temporarily idle raised funds
In order to improve the use efficiency and income of raised funds and make rational use of idle raised funds, the company
Affect the normal implementation of the company's investment projects with raised funds, do not affect the company's normal production and operation, and ensure the raising of funds
On the premise of safe fund-raising, the company uses part of the temporarily idle raised funds for cash management to increase public interest
The company's cash asset income to protect the interests of the company's shareholders. On August 18, 2021, the company held the second meeting
The proposal to temporarily idle the raised funds for cash management agrees that the company will not affect the raised funds of the company
On the premise that the normal implementation of the investment project does not affect the normal production and operation of the company and ensure the safety of the raised funds,
The use of temporarily idle raised funds up to and including RMB 182105 million is highly safe
Investment products with good liquidity and guaranteed principal, including but not limited to structured deposits, agreement deposits and notice deposits
Deposits, time deposits, certificates of deposit, etc., and these cash management products shall not be used for pledge or
Investment behavior for the purpose of securities investment.
As of December 31, 2021, the company used temporarily idle raised funds for cash management
See the following table for details:
Unit: RMB
As of report
Bank name product income amount value date maturity date annualized term income at the end of the reporting period
Is the return rate of category type complete
Into redemption
Chongqing rural business
Structural Principal Guaranteed floating of Industrial Bank shares Shanghai Pudong Development Bank Co.Ltd(600000) 00000 9 / 9 / 2021 9 / 3 / 2022 1.8% - no, 181 days have not been redeemed, and the deposit income of the limited company is 3.3%
State branch Bank Of China Limited(601988) shares structural breakeven floating
The deposit income of Co., Ltd. is 38000000000 10 / 9 / 202113 / 12 / 2021 4.40%, which is the structural principal guaranteed floating of Bank Of China Limited(601988) shares of 94 days 430597260 Yangzhong sub branch
Yangzhong sub branch of 95tian 124931507 accounts for 1.50% of the deposit income of Co., Ltd. 32000000000 10 / 9 / 202114 / 12 / 2021
China Everbright Bank Company Limited Co.Ltd(601818) Ukrainian structural breakeven floating 42100000000 13 / 10 / 202130 / 12 / 2021 2.82% is the deposit income of 77 days 253933167 lumuqi branch
(IV) use of over raised funds to supplement working capital
In combination with the company's capital arrangement and business development plan, in order to meet the company's working capital needs, improve
On August 18, 2021, the company held the 16th meeting of the second board of directors
The ninth meeting of the second board of supervisors deliberated and adopted the proposal on using over raised funds to supplement working capital
The company is approved to use the over raised capital of RMB 320 million to permanently supplement the working capital, 7471918
The over raised capital of 10000 yuan will temporarily supplement the working capital. On September 3, 2021, the company held the second interim meeting in 2021
At that time, the general meeting of shareholders deliberated and adopted the proposal on using super fund-raising funds to supplement working capital.
As of December 31, 2021, the company has used over raised funds of RMB 320 million
Replenish the working capital for a long time, and use the over raised capital of RMB 1725846 million to replenish the working capital temporarily.
(V) use of part of the over raised funds to increase the investment of raised investment projects
In order to ensure the smooth implementation of the raised investment project, the company decides to increase the investment amount of the raised investment project after comprehensively considering the actual construction situation, capital demand and market conditions of the raised investment project. On November 25, 2021, the company held the 18th meeting of the second board of directors and the 11th meeting of the second board of supervisors, deliberated and adopted the proposal on using part of the over raised funds to increase the investment amount of raised investment projects, It is agreed that the company will increase the total investment of 35000 tons of polysilicon project from 3511888400 yuan to 40876300 yuan with the over raised fund of 575737900 yuan. On December 16, 2021, the company held the third extraordinary general meeting of shareholders in 2021, deliberated and approved the proposal on using part of the over raised funds to increase the investment amount of raised investment projects.
(VI) other information about the use of the previously raised funds
On December 31, 2021, the 19th meeting of the second board of directors and the 12th meeting of the second board of supervisors considered and approved the proposal on adjusting the implementation location, implementation subject and investment amount of some raised investment projects, and agreed to adjust the implementation location, implementation subject and investment amount of 1000 ton high-purity semiconductor material project, Inner Mongolia Daquan new energy Co., Ltd., a wholly-owned subsidiary of the company, is responsible for the investment and construction in Baotou Jiuyuan Industrial Park, and the total investment of the project is adjusted from 42.105 million yuan to 55 million yuan according to the needs. The difference between the amount invested with raised funds and the original plan is made up by the company with its own funds. The proposal was deliberated and approved by the company's first extraordinary general meeting of shareholders in 2022 on January 19, 2022.
3、 Comparison table of realized benefits of investment projects with previously raised funds
As of December 31, 2021, the specific benefits achieved by the company's investment projects with previously raised funds are shown in Annex 2: "comparison table of benefits achieved by investment projects with previously raised funds".
4、 Description of asset operation of the previously raised funds used to subscribe for shares
During the previous fund-raising process of the company, there was no case of subscribing shares with assets.
5、 Comparison of information disclosure on the use of previously raised funds
The company has compared the actual use of the above raised funds with the relevant contents disclosed in other information disclosure documents of the company item by item, and the actual use is consistent with the relevant contents disclosed.
6、 Unused raised funds
As of December 31, 2021, Xinjiang Daqo New Energy Co.Ltd(688303) unused raised funds amounted to 244256240723 yuan (including 17258457845 yuan of temporary replenishment of working capital with idle over raised funds, 600 million yuan of cash management for idle raised funds, and 1163496636 yuan of accumulated income and interest income of raised funds and financial products after deducting handling fees), Accounting for 40.26% of the net funds raised in the previous time. 35000 tons of polycrystalline silicon was produced in the project invested by the raised funds last time
