Wenzhou Yihua Connector Co.Ltd(002897) report on the use of the previously raised funds and assurance report as of September 30, 2021
catalogue
Page 1. Authentication report of the report on the use of the previously raised funds 1-2 2. Report on the use of the previously raised funds 1-3
About Wenzhou Yihua Connector Co.Ltd(002897)
As of September 30, 2021
Verification report of the report on the use of the previously raised funds
Xin Hui Shi Bao Zi [2021] No. zf1113 Wenzhou Yihua Connector Co.Ltd(002897) all shareholders:
We have accepted the entrustment to carry out reasonable assurance on the attached Wenzhou Yihua Connector Co.Ltd(002897) (hereinafter referred to as "your company") report on the use of the previously raised funds as of September 30, 2021 (hereinafter referred to as "the report on the use of the previously raised funds"). 1、 Responsibilities of management
The management of your company is responsible for preparing the report on the use of the previously raised funds in accordance with the provisions on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500) of the China Securities Regulatory Commission. This responsibility includes designing, implementing and maintaining the internal control related to the preparation of the report on the use of the previously raised funds, so as to ensure that the report on the use of the previously raised funds is true, accurate and complete, and there are no false records, misleading statements or major omissions. 2、 Responsibilities of Certified Public Accountants
Our responsibility is to issue the assurance conclusion on the use report of the previously raised funds on the basis of the implementation of the assurance work.
3、 Job overview
We have carried out the assurance business in accordance with the provisions of other assurance business standards for Chinese certified public accountants No. 3101 - assurance business other than audit or review of historical financial information. The standards require us to abide by the code of professional ethics, plan and implement the assurance work, so as to determine whether the report on the use of the previously raised funds is prepared in all major aspects in accordance with the provisions on the report on the use of the previously raised funds (Zheng Jian FA Xing Zi [2007] No. 500) of the China Securities Regulatory Commission, Truthfully reflect the use of the previously raised funds of your company as of September 30, 2021, and obtain reasonable assurance. In the process of performing the assurance work, we have implemented such procedures as inquiry and inspection of accounting records as we think necessary. We believe that our assurance work provides a reasonable basis for issuing assurance conclusions.
4、 Assurance conclusion
We believe that your company's report on the use of the previously raised funds as of September 30, 2021 is prepared in accordance with the provisions on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500) of the China Securities Regulatory Commission in all major aspects, which truthfully reflects the use of the previously raised funds as of September 30, 2021.
China Certified Public Accountants of Lixin certified public accountants:
(special general partnership)
Chinese certified public accountant:
Chinese certified public accountant:
Shanghai, China January 6, 2002
Wenzhou Yihua Connector Co.Ltd(002897)
As of September 30, 2021
Report on the use of previously raised funds
In accordance with the provisions of the China Securities Regulatory Commission on the report on the use of the previously raised funds (zjfz [2007] No. 500), the company will report the use of the previously raised funds as of September 30, 2021 as follows:
1、 Basic information of the previously raised funds (I) actual amount of funds raised and funds in place
Approved by the "reply on approving Wenzhou Yihua Connector Co.Ltd(002897) initial public offering of shares" of China Securities Regulatory Commission (zjxk [2017] No. 1540), the lead underwriter China International Capital Corporation Limited(601995) adopts the combination of offline inquiry and placement to inquiry objects and online capital purchase and pricing issuance, and the issuer has 26.67 million ordinary shares (A shares), with an issue price of 20.68 yuan / share.
As of September 4, 2017, the company has actually issued 26.67 million RMB common shares (A shares) to the public, with a total raised capital of 551535600.00 yuan. After deducting the underwriting fee and recommendation fee of 38000000.00 yuan, the raised capital is 513535600.00 yuan, which has been remitted to the company's raised capital account by China International Capital Corporation Limited(601995) on September 4, 2017, After deducting other listing expenses of RMB 13431656.66, the net amount of raised funds is RMB 500103943.34.
The above funds have been verified by Lixin Certified Public Accountants (special general partnership) and issued the capital verification report (xksbz [2017] No. zf10798).
The company has adopted a special account storage system for the raised funds.
（2） Storage of raised funds in special account
As of September 30, 2021, the balance of the special account for deposit of raised funds is as follows:
Unit: RMB
Name of raised fund storage bank bank account account nature closing balance (yuan) China Industrial And Commercial Bank Of China Limited(601398) Co., Ltd
1203282229200317273 cancelled
Wenzhou Branch's special account for raising funds increased by 139.25 million in
Technical transformation project of Industrial Bank Co.Ltd(601166) high speed communication connector
355890100267331 cancelled
Wenzhou Yueqing sub branch
China Merchants Bank Co.Ltd(600036) special account for raised funds - annual output of 790 million consumer electricity
577903027610202 cancelled
Wenzhou Branch sub connector technical transformation project
Bank Of China Limited(601988) 350673314149 special account for raised funds - R & D center construction project has been cancelled
Yueqing Sub Branch China Agricultural Bank Of China Limited(601288) Co., Ltd
271201040012524 special account for raised funds - Supplementary working capital project has been cancelled
Company Wenzhou sub branch Bank Of Ningbo Co.Ltd(002142)
76080122000091357 special account for raised funds - repayment of bank loans has been cancelled
Wenzhou Yueqing sub branch
total
2、 Actual use of the previously raised funds (I) comparison table of the use of the previously raised funds
See attached table 1 of this report for the comparison table of the use of the company's previously raised funds.
（2） Changes in the actual investment projects of the previously raised funds
On April 24, 2019, the company held the fourth meeting of the third board of directors, deliberated and passed the proposal on terminating some investment projects with raised funds and permanently replenishing the remaining raised funds with working capital, and agreed to terminate the initial public offering of the company's investment project "annual output of 790 million consumer electronic connectors", And permanently replenish the remaining raised funds of the above raised funds investment projects (the specific amount shall be subject to the amount actually transferred out of the special account for raised funds) with working capital for the daily production and operation of the company. The independent directors and the board of supervisors of the company expressed their consent to the above proposal, and the company's recommendation institution China International Capital Corporation Limited(601995) issued verification opinions, which was deliberated and adopted at the 2018 annual general meeting of shareholders on May 17, 2019.
（3） Use of temporarily idle raised funds
1. Supplement of working capital with temporarily idle funds
The company does not use temporarily idle funds to supplement working capital.
2. Cash management of temporarily idle funds and investment in related products
On October 26, 2017, the company held the 13th meeting of the second board of directors and the 8th meeting of the second board of supervisors, deliberated and adopted the proposal on using part of the temporarily idle raised funds for cash management, and agreed that the company would use the temporarily idle raised funds of no more than RMB 250 million to purchase bank principal guaranteed financial products with high safety, The service life of the quota for purchasing financial products is 12 months, which can be recycled and rolled within the above service life and quota.
On October 22, 2018, the company held the 19th meeting of the second board of directors and the 11th meeting of the second board of supervisors, deliberated and adopted the proposal on continuing to use part of the temporarily idle raised funds for cash management, and agreed that the company would continue to use the idle raised funds (the amount should not exceed RMB 250 million) for cash management for a period of 12 months, It can be used circularly within the quota.
On October 30, 2019, the company held the 8th meeting of the 3rd board of directors and the 7th Meeting of the 3rd board of supervisors, deliberated and approved the proposal on continuing to use part of the temporarily idle raised funds for cash management, and agreed that the company would continue to use the idle raised funds (not exceeding RMB 80 million) for cash management for a period of 12 months, It can be used circularly within the quota.
As of September 30, 2021, the company had purchased 1369 million yuan of financial products and redeemed 1369 million yuan of financial products when they were due.
3、 Economic benefits of projects invested with the funds raised last time (I) comparison table of economic benefits of projects invested with the funds raised last time
See attached table 2 of this report for the comparison of the benefits achieved by the investment projects with the previously raised funds.
（2） Reasons and conditions for the inability to separately calculate the benefits of the investment projects with the previously raised funds
The "R & D center construction" project mainly provides technical support for the company to research and develop new technologies, new processes and new products, but it can not directly generate income, so it is impossible to calculate the benefits separately.
"Replenishing working capital, repaying bank loans and permanently replenishing working capital" can alleviate the company's working capital pressure, save interest expenses, provide working capital guarantee for the smooth development of various business activities of the company, and is conducive to the sustainable and healthy development of the company. However, it can not directly generate income, so it is impossible to calculate the benefits separately.
4、 Comparison of information disclosure on the actual use of the previously raised funds
As of September 30, 2021, there is no difference between the actual use of the above raised funds of the company and the relevant contents disclosed in the company's periodic reports and other information disclosure documents.
5、 Approval and issuance of report
This report was approved by the board of directors of the company on January 6, 2022.
Attached table: 1. Comparison of the use of funds raised in the previous time
2. Comparison table of realized benefits of investment projects with previously raised funds
Wenzhou Yihua Connector Co.Ltd(002897) board of directors
