Zhejiang Meorient Commerce & Exhibition Inc(300795) : special report on the annual storage and use of raised funds

Zhejiang Meorient Commerce & Exhibition Inc(300795)

Special report on the annual storage and use of raised funds

According to the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of GEM listed companies (SZS [2022] No. 14) and relevant format guidelines issued by Shenzhen Stock Exchange, the deposit and use of the company's raised funds in 2021 are specially explained as follows.

1、 Basic information of raised funds

（1） Actual amount of raised funds and time of fund arrival

With the approval of zjxk [2019] No. 1740 document of China Securities Regulatory Commission and the consent of your exchange, the company's lead underwriter Sinolink Securities Co.Ltd(600109) adopts the combination of offline inquiry and placement to qualified investors and online pricing and issuance to social public investors holding non restricted A-Shares in Shenzhen market and the market value of non restricted depositary receipts, 25.041 million RMB ordinary shares (A shares) were publicly issued to the public at a price of 14.27 yuan per share, raising a total of 3573351 million yuan. After deducting 33.56 million yuan of underwriting and recommendation fees, the raised funds were 3237751 million yuan, which was remitted to the raised funds supervision account of the company by the lead underwriter Sinolink Securities Co.Ltd(600109) on October 16, 2019. In addition, after deducting 214653 million yuan of additional external expenses directly related to the issuance of equity securities, such as online issuance fee, prospectus printing fee, reporting accountant fee and lawyer fee, the net amount of funds raised by the company this time is 3023098 million yuan. The availability of the above raised funds has been verified by Tianjian Certified Public Accountants (special general partnership), who issued the capital verification report (Tianjian Yan [2019] No. 341).

（2） Use and balance of raised funds

Monetary unit: RMB 10000

Item No. amount

Net amount of raised funds a 3023098

Project investment B1 994024 accumulated amount as of the beginning of the period

Net interest income B2 906.30

Project investment C1 729493 current amount

Net interest income C2 418.93

Project investment D1 = B1 + C11723517 accumulated amount by the end of the period

Net interest income D2 = B2 + C2 132523

Item No. amount

Balance of raised funds to be raised e = a-d1 + D21432104

Actual balance of raised funds f 1432104

Difference g = E-F-

2、 Deposit and management of raised funds

（1） Management of raised funds

In order to regulate the management and use of raised funds, improve the efficiency and efficiency of fund use, and protect the rights and interests of investors, the company, in accordance with the company law of the people's Republic of China, the securities law of the people's Republic of China, the Listing Rules of Shenzhen Stock exchange, the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange (revised in 2015), and other relevant laws, regulations and normative documents, In combination with the actual situation of the company, the management measures for Zhejiang Meorient Commerce & Exhibition Inc(300795) raised funds (hereinafter referred to as the management measures) are formulated. According to the management measures, the company has implemented a special account for the raised funds, established a special account for the raised funds in the bank, and signed the tripartite supervision agreement for the raised funds with Agricultural Bank Of China Limited(601288) Hangzhou Science and Technology Park sub branch, China Merchants Bank Co.Ltd(600036) Hangzhou Binjiang sub branch, China Citic Bank Corporation Limited(601998) Shanghai Caohejing sub branch together with the sponsor Sinolink Securities Co.Ltd(600109) on October 18, 2019, respectively, clarifying the rights and obligations of all parties. The three parties did not strictly supervise the use of the raised funds in accordance with the model agreement of Shenzhen Stock Exchange.

（2） Storage of raised funds in special account

1. As of December 31, 2021, the company has three special accounts for raised funds and one call deposit account. The deposits of raised funds are as follows:

Monetary unit: RMB

Remarks on the balance of raised funds in the account number of the deposit bank

China Agricultural Bank Of China Limited(601288) shares have 190336010400118075536835998 current

Hangzhou Science and Technology Park Branch of Co., Ltd

Bank 1903360104001180713000000000 call deposit

China Merchants Bank Co.Ltd(600036) Co., Ltd. 9900177552109991363093632 current account

Hangzhou Binjiang sub branch

China Citic Bank Corporation Limited(601998) Shanghai Caohejing 8110201013101091208721106960 current account

Sub branch

Total 10621036590

2. As of December 31, 2021, the balance of financial products purchased by the company with idle raised funds totaled 37 million yuan, as follows:

Unit: RMB 10000

Entrusted wealth management fund expected annual entrusted party product name amount product type purchase date maturity daily rate of return

China Merchants Bank Co.Ltd(600036) dianjin series

China Merchants Bank Co.Ltd(600036) shares are bearish, with a three-tier range of breakeven floating

Hangzhou 90 day structured deposit 120000 income type 2021 / 12 / 152022 / 3 / 15 1.48% Binjiang sub branch (Product Code:

NHZ00927）

Win win Zhixin exchange rate guaranteed floating 1.48% China Citic Bank Corporation Limited(601998) Shanghai hook RMB 250000 structural income, sealed 2021 / 11 / 222022 / 2 / 21 to Caohejing sub branch deposit 07193 closed 3.40% -c21nj0116

Total 370000

3、 Actual use of raised funds this year

（1） Comparison table of use of raised funds

See the annex of this report for the comparison table of the use of raised funds.

（2） Description of abnormal conditions in the project invested by raised funds

There are no abnormalities in the investment projects of the company with raised funds.

（3） Description of the situation that the benefits of the investment projects with raised funds cannot be calculated separately

The company's marketing service network and information construction projects do not calculate the economic benefits separately. After the completion of the project, it will break through the bottleneck of the existing marketing service level, improve the internal information level of the company, and drive the continuous and stable growth of the company's main business scale and profitability.

（4） Other information about the use of raised funds

1. Cash management of idle raised funds

According to the proposal on using idle raised funds for cash management deliberated and adopted at the 2020 general meeting of shareholders of the company on May 18, 2021, the company plans to use idle raised funds of no more than 200 million yuan for short-term cash management. Within this limit, the funds can be used in a rolling manner. As of December 31, 2021, the company has purchased 490 million yuan of structured deposits, time deposits and financial products in this year, redeemed 603 million yuan in total, the balance of financial products not yet due is 37 million yuan, and received 3.0298 million yuan of cash management income in this period.

2. Adjust the date when the investment project of raised funds reaches the expected usable state

On October 24, 2021, the company held the 21st Meeting of the Fourth Board of directors, deliberated and approved the proposal on the extension of some of the company's investment projects with raised funds, and adjusted the date when the "marketing service network and information construction project" reached the expected usable state.

The marketing service network and information construction project cannot be completed and implemented according to the company's plan due to the impact of the epidemic, resulting in the overall failure of the project to reach the predetermined usable state within the planned time. In combination with the actual construction and investment progress of the current raised investment project, the company will adjust the date when the marketing service network and information construction project reach the expected usable state from October 21, 2021 to October 21, 2022 under the condition that the project implementation subject, total investment and construction scale remain unchanged.

4、 Change the use of funds for investment projects with raised funds

The company does not change the investment projects of raised funds.

5、 Problems in the use and disclosure of raised funds

This year, there were no major problems in the use and disclosure of the raised funds of the company.

Annex: comparison table of use of raised funds

Zhejiang Meorient Commerce & Exhibition Inc(300795) March 21, 2002 annex

Comparison table of use of raised funds

Year 2021

Prepared by: Zhejiang Meorient Commerce & Exhibition Inc(300795) amount unit: RMB 10000

The total amount of raised funds is 3023098, and the total amount of raised funds invested in this year is 729493

Total amount of raised funds with changed purposes during the reporting period

Accumulated total amount of raised funds with changed purposes