China Securities Co.Ltd(601066) special verification report on the deposit and use of raised funds of Shandong Dongyue silicone material Co., Ltd. in 2021
China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) securities” or “sponsor”) as a sponsor of Shandong Dongyue Organosilicon Materials Co.Ltd(300821) (hereinafter referred to as ” Shandong Dongyue Organosilicon Materials Co.Ltd(300821) ” or “company”) for initial public offering of shares and listing on GEM, in accordance with the administrative measures for securities issuance and listing sponsor business and the Listing Rules of gem shares of Shenzhen Stock Exchange The deposit and use of raised funds in Shandong Dongyue Organosilicon Materials Co.Ltd(300821) 2021 have been verified in accordance with the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange and other relevant laws and regulations. The details are as follows:
1、 Basic information of raised funds
(I) actual amount of raised funds and time of fund arrival
With the approval of the reply on approving Shandong Dongyue Organosilicon Materials Co.Ltd(300821) initial public offering of shares (zjxk [2020] No. 272) issued by the China Securities Regulatory Commission, the company publicly issued 300000 ordinary shares in RMB, with a par value of 1.00 yuan per share and an issue price of 6.90 yuan per share. The total amount of funds raised was 207000000000 yuan. After deducting the issuance expenses, the net amount of funds actually raised was 198584846698 yuan. Tianjian Certified Public Accountants (special general partnership) has verified the availability of funds raised by the issuer’s initial public offering on March 9, 2020, and issued the capital verification report of “tianjianyan [2020] No. 7-7”.
(II) use and balance of raised funds in 2021
During the reporting period, the raised funds used by the company to invest in the raised investment projects were 1293414300 yuan, and the net amount of the raised funds obtained from the bank interest income after deducting the bank handling fee was 476229 million yuan. As of the end of the reporting period, the total amount of raised funds used was 1651635 million yuan, and the balance of the special account for raised funds was 3818364 million yuan.
2、 Deposit and management of raised funds
1. Management of raised funds
In order to standardize the management of the company’s raised funds and protect the rights and interests of investors, the company and China Everbright Bank Company Limited Co.Ltd(601818) Zibo Huantai sub branch, China Construction Bank Corporation(601939) Huantai sub branch, Agricultural Bank Of China Limited(601288) Huantai Tangshan sub branch Industrial And Commercial Bank Of China Limited(601398) Huantai sub branch and China Securities Co.Ltd(601066) signed the tripartite supervision agreement on raised funds to manage the deposit and use of raised funds. 2. Storage of raised funds in special account
As of December 31, 2021, the deposit of the company’s special account for raised funds is as follows:
Company; element
Remarks on the balance of raised funds in the account number of the deposit bank
China Agricultural Bank Of China Limited(601288) Co., Ltd. 1523880104 Shandong Link Science And Technology Co.Ltd(001207) 721988360498 current deposit division Huantai Tangshan sub branch
China Industrial And Commercial Bank Of China Limited(601398) Co., Ltd. 160 Fujian Yongfu Power Engineering Co.Ltd(300712) 92 Xinlong Holding (Group) Company Ltd(000955) 424994087806 current deposit division Huantai sub branch
China China Everbright Bank Company Limited Co.Ltd(601818) Co., Ltd. 37950188 Shenzhen Capstone Industrial Co.Ltd(000038) 05637859.42 current deposit Department Zibo Huantai sub branch
China China Construction Bank Corporation(601939) Co., Ltd. 370501637141 China High-Speed Railway Technology Co.Ltd(000008) 6511197410177 current deposit division Huantai sub branch
Total 38183644423
3、 Actual use of raised funds this year
1. Use of project investment funds
As of December 31, 2021, the total amount of raised funds used by the company has been 1651635 million yuan. See attached table 1 for the investment of each raised investment project.
2. Changes in the implementation location and mode of raised investment projects
During the reporting period, the company did not change the implementation place and mode of the projects invested with raised funds. 3. Advance investment and replacement of raised investment projects
On June 18, 2020, the 17th meeting of the first board of directors of the company deliberated and approved the proposal on using the raised funds to replace the self raised funds invested in the raised investment projects in advance and paid the issuance expenses, and agreed to use the raised funds to replace the self raised funds invested in the raised investment projects in advance and paid the issuance expenses, with a total amount of 17703840094 yuan. Tianjian Certified Public Accountants (special general partnership) conducted a special audit on the advance investment of the company’s self raised funds into the projects invested by raising funds and the paid issuance expenses, and issued the authentication report on Shandong Dongyue Organosilicon Materials Co.Ltd(300821) the advance investment of projects invested by raising funds with self raised funds (tianjianshen [2020] No. 7-715), China Securities Co.Ltd(601066) issued verification opinions on the company’s use of raised funds to replace pre invested raised projects and self raised funds with paid issuance expenses.
4. Temporary replenishment of working capital with idle raised funds
During the reporting period, the company did not temporarily supplement working capital with idle raised funds.
5. Utilization of surplus raised funds
During the reporting period, the company had no savings in raised funds.
6. Use of over raised funds
During the reporting period, the company did not use the over raised funds.
7. Purpose and destination of unused raised funds
The unused raised funds are deposited in the special account for raised funds of the company.
8. Other information about the use of raised funds
The company has no other use of the raised funds.
4、 Change the use of funds of raised investment projects
As of the end of the reporting period, the company has not changed the use of raised funds.
5、 Problems in the use and disclosure of raised funds
The company has truthfully, accurately and completely disclosed the deposit and actual use of the company’s raised funds in accordance with the guidelines for self discipline supervision of listed companies on Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM, the management system of raised funds and relevant laws and regulations, and there is no violation of the deposit, use, management and disclosure of raised funds.
6、 Assurance opinions of Accountants on the special report on the annual storage and use of raised funds
Tianjian Certified Public Accountants (special general partnership) verified the 2021 special report on the annual storage and use of raised funds prepared by Shandong Dongyue Organosilicon Materials Co.Ltd(300821) board of directors, and issued the verification report on the annual storage and use of raised funds. According to the report, the 2021 special report on the annual deposit and use of raised funds prepared by the board of directors of Shandong Dongyue Organosilicon Materials Co.Ltd(300821) company complies with the provisions of self regulatory guidelines for listed companies on Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM (SZS [2022] No. 14) and relevant format guidelines, and truthfully reflects the actual deposit and use of raised funds of Shandong Dongyue Organosilicon Materials Co.Ltd(300821) company in 2021.
7、 Verification opinions of the recommendation institution
After verification, the sponsor believes that the deposit and use of the company’s raised funds in 2021 comply with the relevant provisions of the Interim Measures for the administration of initial public offering and listing on the gem and the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange. The company has made special account storage and special use of the raised funds, and there is no case of changing the purpose of the raised funds in a disguised manner and damaging the interests of shareholders, and there is no case of illegal use of the raised funds. The recommendation institution has no objection to the deposit and use of the company’s raised funds in 2021.
Attached table 1: comparison of use of raised funds
Unit: RMB 10000
The total amount of raised funds was 19858485, and 12934143 was invested in this year
Total fund-raising
The total amount of raised funds with changed purposes during the reporting period was 0
The accumulated total amount of raised funds with changed purposes 0 has been invested in 16516350
Total fund-raising
The cumulative proportion of total raised funds with changed purposes is 0
Whether the raised funds have been changed and invested in the current year after adjustment. By the end of the period, whether the investment projects by the end of the period have reached the expected feasibility of the project. Whether the committed investment projects and over raised change projects (including the total amount of committed investment) (1) the cumulative investment progress (%) (3) Whether the expected benefit of the fixed available cash has changed (partial change of heavy capital investment) (total amount) (2) = (2) / (1) great change in status date
Committed investment project: 300000 t / a silicone monomer
And 200000 t / a silicone 16058485160584851259263115636358 97.37 not applicable in March 2022 no
Tourism products deep processing project
Silicone monomer device section 300 Fawer Automotive Parts Limited Company(000030) 00000 266.98565178 18.84 not applicable in September 2022 no
Environmental protection technical transformation project
Silicone R & D center project no 8 China High-Speed Railway Technology Co.Ltd(000008) 0 Grandjoy Holdings Group Co.Ltd(000031) 4814314814 39.35 March 2022 not applicable no
Sub total of investment commitments 1985885.4
Subtotal of investment of over raised funds
Total 19858485198584851293414316516350
Not meeting the planned progress or affected by the New Coronavirus epidemic and technological process changes, the company held the twenty-second meeting of the first board of directors in March 8, 2021 and the Seven meeting of the tenth supervisory board’s earnings and reasons. “300000 t / a silicone monomer and 200000 t / a silicone downstream product deep processing project” was postponed to March 2022 (by specific project), “energy saving and environmental protection technical transformation project of silicone monomer device” was postponed to September 2022, and “silicone R & D center project” was postponed to March 2022. See cninfo.com for details（ http://www.cn.info.com.cn./ ）Announcement on re demonstration and extension of raised investment projects of the company.
Major inapplicable changes in the feasibility of the project indicate that the amount, purpose and use progress of the over raised funds are inapplicable to the projects invested with raised funds, the change of construction location, and the adjustment of construction methods for the projects invested with raised funds
On June 18, 2020, the 17th meeting of the first board of directors of the company deliberated and approved the proposal on using the raised funds to replace the self raised funds for the pre invested raised projects and the paid issuance expenses, and agreed to use the raised funds to replace the self raised funds for the pre invested projects and the paid issuance expenses, with a total amount of 177038400 yuan. The amount and reasons for the non applicable balance of raised funds in the implementation of the project. The unused raised funds are temporarily unused, and the raised funds are deposited in the special account for raised funds of the company. The purpose and whereabouts of the raised funds, problems in the use and disclosure or no other circumstances
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