Securities code: Xinjiang Daqo New Energy Co.Ltd(688303) securities abbreviation: Xinjiang Daqo New Energy Co.Ltd(688303) Announcement No.: 2022035 Xinjiang Daqo New Energy Co.Ltd(688303)
Special report on the deposit and actual use of raised funds in 2021
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) issued by the China Securities Regulatory Commission, Xinjiang Daqo New Energy Co.Ltd(688303) (hereinafter referred to as "the company") has actually publicly issued 300 million ordinary shares (A shares) (with a par value of RMB 1.00 per share) to the public at an issue price of 21.49 yuan per 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.
As of December 31, 2021, in addition to cash management of idle raised funds, the company has accumulated 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, Shanghai Pudong Development Bank Co.Ltd(600000) 00000 yuan of cash management for idle raised funds, and 1163496636 yuan of net handling fees deducted from the accumulated income and interest income of financial products of raised funds).
2、 Deposit and management of raised funds
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 (revised in 2022) issued by the China Securities Regulatory Commission According to the provisions of the guidelines on self discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation and the guidelines on supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies issued by Shanghai Stock Exchange
We took the special account for storage and management, opened a special account for raising funds, and communicated with the sponsor China on July 20, 2021
IFC signed the tripartite supervision agreement on the storage of special account for raised funds with Chongqing Rural Commercial Bank Co.Ltd(601077) Wanzhou Branch, Shihezi Beier road sub branch of Bank of China, Bank Of China Limited(601988) Yangzhong sub branch and Urumqi branch of China Everbright Bank. There is no significant difference between the above agreement and the tripartite supervision agreement (model) on the special account storage of raised funds of Shanghai Stock Exchange, and the company has strictly complied with and performed when using the raised funds.
The company deposits the above-mentioned raised funds in the following special accounts:
Unit: RMB
Initial deposit amount 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 initially deposited raised funds of RMB 610406800000 are the same as the net proceeds of this offering
The difference of RMB 606719179245 is the prepaid recommendation and underwriting expenses
138800000 yuan and other issuance expenses of 3548820755 yuan. In addition to the balance of raised funds deposited in the special account of RMB 166997782878, of the unused raised funds, RMB 17258457845 temporarily supplemented the working capital and RMB Shanghai Pudong Development Bank Co.Ltd(600000) 00000 was used for cash management. The total balance of the raised funds not yet used is 244256240723 yuan.
3、 Actual use of raised funds this year
1. Use of funds for projects invested with raised funds (hereinafter referred to as "projects invested with raised funds")
As of December 31, 2021, in addition to cash management of idle raised funds, the company has accumulated
The total amount of raised funds is 363626435158 yuan, including 32000000000 yuan of permanent supplementary working capital with over raised funds. See Schedule 1 "comparison table of use of raised funds" for specific use.
2. Early investment and replacement of raised investment projects
On August 18, 2021, the 16th meeting of the second board of directors and the 9th meeting of the second board of supervisors of the company in 2021 deliberated and adopted the proposal on using raised funds to replace self raised funds invested in advance and paid issuance expenses, It is agreed that the company will use the raised funds of RMB 178216750000 to replace the self owned funds invested in the investment projects with raised funds in advance as of July 23, 2021, and use the raised funds of RMB 1373780000 to replace the issuance expenses (excluding value-added tax) paid from the self owned fund account as of July 23, 2021.
The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter.
For details, please refer to the announcement of Xinjiang Daqo New Energy Co.Ltd(688303) on using raised funds to replace self raised funds invested in advance and paid issuance expenses (Announcement No.: 2021005) disclosed by the company on the website of Shanghai Stock Exchange on August 19, 2021.
On September 3, 2021, the company completed the above raised funds to replace the self raised funds invested in advance.
3. Temporary replenishment of working capital with idle raised funds
In combination with the company's capital arrangement and business development plan, in order to meet the company's working capital needs and improve the use efficiency of raised funds, the company held the 16th meeting of the second board of directors and the 9th meeting of the second board of supervisors on August 18, 2021, and deliberated and adopted the proposal on using super raised funds to supplement working capital, It is agreed that the company will use the remaining idle over raised funds of RMB 747191800 to temporarily supplement the working capital. The service life is valid within 12 months from the date of deliberation and approval by the general meeting of shareholders, and will be returned to the special account for raised funds at the expiration of the time. The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter. On September 3, 2021, the company held the second extraordinary general meeting of shareholders in 2021, deliberated and adopted the proposal on using super raised funds to supplement working capital.
For details, see Xinjiang Daqo New Energy Co.Ltd(688303) announcement on replenishing working capital with over raised funds (Announcement No.: 2021003) disclosed on the website of Shanghai Stock Exchange on August 19, 2021.
As of December 31, 2021, the company has used the over raised funds of RMB 17258457845 to temporarily supplement the working capital.
4. Cash management of idle raised funds and investment in related products
In order to improve the use efficiency and income of the raised funds and make rational use of the idle raised funds, the company uses part of the temporarily idle raised funds for cash management and increase the public interest on the premise of ensuring that it will not affect the normal implementation of the investment projects of the raised funds, the normal production and operation of the company and the safety of the raised funds
The company's cash asset income to protect the interests of the company's shareholders. On August 18, 2021, the company held the second board meeting
The 16th meeting of the board of directors and the 9th meeting of the second board of supervisors deliberated and adopted the provisional
The proposal on cash management of idle raised funds agrees that the company will not affect the investment of raised funds
On the premise that the normal implementation of the capital project does not affect the normal production and operation of the company and ensure the safety of the raised funds
Using temporarily idle raised funds up to and including RMB 182105 million to purchase high security
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. The term of use shall be considered and adopted at the 16th meeting of the second board of directors
It is valid for 12 months from the date of. Within the above limit and term, the funds can be recycled and used on a rolling basis, and will be available at
It shall be returned to the special account for raised funds after the period. The company's independent directors, the board of supervisors and the recommendation institution issued a statement on this matter
Agreed.
See Xinjiang Daquan disclosed by the company on the website of Shanghai Stock Exchange on August 19, 2021 for details
Announcement of new energy Co., Ltd. on using some temporarily idle raised funds for cash management (public notice)
Report No.: 2021004).
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
Annualized report of product income
Name of signatory type amount value date maturity date rate of return period end return
No on schedule
return
Chongqing rural commercial agriculture
Industrial Bank Co., Ltd. guaranteed capital floating of Shanghai Pudong Development Bank Co.Ltd(600000) 00000 9 / 9 / 2021 9 / 3 / 2022 1.8% - the 3.3% period of structural movable income of 10000 yuan of the limited company has not been redeemed in 181 days
Deposit of Changzhou Branch
Bank Of China Limited(601988) share linked breakeven float
4.40% of the company's structural movable income of 38000000000 10 / 9 / 202113 / 12 / 2021 is the deposit of 94 days 430597260 Yangzhong sub branch
Bank Of China Limited(601988) share linked breakeven float
The structural movable income of the company is 32000000000 10 / 9 / 202114 / 12 / 2021 1 1.50%, which is the deposit of Yangzhong sub branch of 95tian 124931507
2021
Opposite public knot
Constitutive existence
light
