China International Capital Corporation Limited(601995)
About Xinjiang Daqo New Energy Co.Ltd(688303)
Verification opinions on the deposit and use of raised funds in 2021
China International Capital Corporation Limited(601995) (hereinafter referred to as ” China International Capital Corporation Limited(601995) ” and “sponsor”) as the sponsor of Xinjiang Daqo New Energy Co.Ltd(688303) (hereinafter referred to as ” Xinjiang Daqo New Energy Co.Ltd(688303) ” and “company”) for initial public offering of shares and listing on the science and innovation board, According to the measures for the administration of securities issuance and listing recommendation business, the guidelines for the continuous supervision of listed companies of Shanghai Stock Exchange, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies, the Listing Rules of science and Innovation Board of Shanghai stock exchange and the measures for the administration of raised funds of listed companies of Shanghai Stock Exchange And other relevant regulations, carefully checked the deposit and use of raised funds in Xinjiang Daqo New Energy Co.Ltd(688303) 2021, and the verification results and opinions are as follows:
1、 Basic information of raised funds
(I) actual amount of funds raised and time of funds in place
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 by the company in this issuance is RMB 644700000000. After deducting the issuance expenses of RMB 37980820755, the net amount of funds raised is 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.
(II) amount used in the current year and ending balance
As of December 31, 2021, in addition to cash management of idle raised funds, the company has used a total of 3626435158 yuan of raised funds. The balance of unused raised funds is 244256240723 yuan (including 17258457845 yuan of temporary replenishment of working capital with idle over raised funds, 600 million.00 yuan of cash management for idle raised funds and the accumulated collection of raised funds from financial products)
As of December 31, 2021, the balance of the company’s special account for raised funds was RMB 166997782878 (including the net amount of interest income of raised funds minus handling charges). The details are as follows:
Unit: RMB
Project amount
The amount of raised funds actually received is 610406800000
Less: replacement amount of investment projects invested with raised funds in advance with self raised funds 178216750000
Less: replacement amount paid by self owned funds for initial public offering 1373780000
Less: permanent replenishment of working capital with over raised funds 32000000000
Less: the amount of working capital temporarily supplemented by over raised funds is 17258457845
Less: 2313840755 yuan paid for other listing expenses with over raised funds
Less: actual expenditure amount of raised investment projects in 2021153409685158
Less: amount used for cash management: Shanghai Pudong Development Bank Co.Ltd(600000) 00000
Plus: net amount of income and interest income of raised funds and financial products minus handling charges 1163496636
As of December 31, 2021, the balance of the raised funds account was 166997782878
The company has implemented a special account for the above-mentioned raised funds. As of December 31, 2021, the balance of the special account for the deposit of unused raised funds is as follows:
Unit: RMB
Balance of the depositor in the account number of the opening bank of the special account for raised funds
type
Chongqing Rural Commercial Bank Co.Ltd(601077) Wanzhou 290101012001 Jiangsu Boamax Technologies Group Co.Ltd(002514) 7 current 330562966 branch
Bank Of China Limited(601988) Shihezi Beier 107087994445 current 57573813000 road sub branch
Bank Of China Limited(601988) Yangzhong sub branch 502776395337 current 66704278591
China Everbright Bank Company Limited Co.Ltd(601818) Urumqi 50820188000305583 current account 42389128321 branch
Total 166997782878
2、 Management of raised funds
(I) management of raised funds
In order to regulate the management and use of the raised funds and protect the rights and interests of investors, the company shall, in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China The CSRC has formulated the Xinjiang Daqo New Energy Co.Ltd(688303) raised funds management system (hereinafter referred to as the “management system”) in combination with the actual situation of the company, in accordance with the provisions of the notice on Further Strengthening the management of publicly raised funds of joint stock limited companies, the measures for the management of raised funds of listed companies of Shanghai Stock Exchange (revised in 2013) and other documents, A special account storage system is implemented for the raised funds, and provisions are made on the storage and use of the raised funds, project implementation management, change of investment projects and supervision of use.
The management system was deliberated and adopted at the third extraordinary general meeting of shareholders in 2020 in August 2020.
(II) supervision agreement of raised funds
According to the requirements of Shanghai Stock Exchange and relevant regulations, the company and the sponsor China International Finance Co., Ltd
On July 20, 2021, the company and Chongqing Rural Commercial Bank Co.Ltd(601077) Wanzhou Branch
Bank, Bank Of China Limited(601988) Shihezi Beier road sub branch, Bank Of China Limited(601988) Yangzhong branch
The bank and China Everbright Bank Company Limited Co.Ltd(601818) Urumqi Branch signed the tripartite supervision agreement on the storage of special account for raised funds
Management agreement (hereinafter referred to as “tripartite supervision agreement”). The above agreement is consistent with the special agreement on raising funds of Shanghai Stock Exchange
There is no significant difference in the tripartite supervision agreement (model) for household storage. As of December 31, 2021, the company
The raised funds are stored, used and managed in strict accordance with the provisions of the tripartite supervision agreement.
(III) storage of raised funds in special account
As of December 31, 2021, the specific deposit of raised funds is as follows:
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 shares 290101012001 Jiangsu Boamax Technologies Group Co.Ltd(002514) 7 current 351188840000330562966 shares Co., Ltd. Wanzhou Branch Bank Of China Limited(601988) Co., Ltd
Shihezi North 2nd Road branch 107087994445 current 1104068 Shenzhen Fountain Corporation(000005) 7573813000
Bank Of China Limited(601988) Co., Ltd. 502776395337 current 10670616 China Greatwall Technology Group Co.Ltd(000066) 704278591 siyangzhong sub branch
China China Everbright Bank Company Limited Co.Ltd(601818) Co., Ltd. has 50820188000305583 current 421050 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 2389128321 Urumqi Branch
Total 6104068 Ping An Bank Co.Ltd(000001) 66997782878
In order to improve the use efficiency and income of the raised funds, make rational use of the idle raised funds and ensure that the public will not be affected
The normal implementation of the company’s investment projects with raised funds will not affect the normal production and operation of the company and ensure the safety of raised funds
On the premise of, the company uses some temporarily idle raised funds for cash management to increase the income of the company’s cash assets
To protect the interests of shareholders of the company. As of December 31, 2021, the company has used temporarily idle raised funds to raise funds
The details of cash management of the bank are shown in the following table:
Unit: RMB
As of report
Value date maturity date annualized term at the end of the reporting period name type rate of return if
Periodic return
Rural Chongqing
The principal guaranteed floating of commercial banks has not yet arrived
Joint stock limited structured movable income Shanghai Pudong Development Bank Co.Ltd(600000) 00000 9 / 9 / 2021 9 / 3 / 2022 1.8% – 3.3% period 181 days yet to be redeemed Wanzhou deposit branch of the company
As of report
Value date maturity date annualized term income at the end of the reporting period
Name type rate of return
Periodic return
Bank Of China Limited(601988) hook type
The structural breakeven floating rate of joint stock limited is 38000000000 10 / 9 / 202113 / 12 / 2021 4.40%, which is the dynamic income of Yangzhong deposit of 94 days 430597260 company
Sub branch Bank Of China Limited(601988) linked
The structural breakeven floating rate of joint stock limited is 32000000000 10 / 9 / 202114 / 12 / 2021 1 1.50%, which is the dynamic income of Yangzhong deposit of 95 days 124931507 company
Sub branch
2021
Opposite public knot
China Everbright Bank Company Limited Co.Ltd(601818) constitutive existence
Urumqi linked breakeven float 42100000000 13 / 10 / 202130 / 12 / 2021 2.82% yes
