Huabao Flavours & Fragrances Co.Ltd(300741)
Special report on the deposit and use of raised funds in 2021
In accordance with the provisions of the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, the guidelines for the self discipline supervision of listed companies No. 2 - standardized operation of companies listed on the gem of Shenzhen Stock Exchange and relevant format guidelines of the CSRC, Huabao Flavours & Fragrances Co.Ltd(300741) (hereinafter referred to as "the company" or "the company") makes a special explanation on the deposit and use of raised funds in 2021 as follows:
1、 Basic information of raised funds
According to the reply on the approval of Huabao Flavours & Fragrances Co.Ltd(300741) initial public offering of shares (zjfz [2018] No. 261) issued by China Securities Regulatory Commission on February 2, 2018, the company issued 6159000000 RMB ordinary shares to the public in February 2018, with an issue price of 38.60 yuan per share and a total raised capital of 23773740000 yuan. After deducting the issuance fee of RMB 6553188114, the actual net amount of raised funds was RMB 231184211886 (hereinafter referred to as "raised funds"). The above funds were in place on February 26, 2018, which was verified by PwC Zhongtian Certified Public Accountants (special general partnership) and issued PwC Zhongtian Yan Zi (2018) No. 0108 capital verification report.
As of December 31, 2021, the company has used the raised funds of RMB 6254407741 in this year, and the cumulative total amount of raised funds is RMB 83158645094; In this year, the bank interest received from the special account for the deposit of idle raised funds and the income obtained for cash management amounted to RMB 6571172708, and the accumulated bank interest received from the special account for the deposit of idle raised funds and the income received for cash management amounted to RMB 20518713841. In addition to the bank interest received and the income received for cash management, the balance of unused raised funds as of December 31, 2021 was RMB 168544280633, of which the balance of unused raised funds deposited in the special account for the deposit of raised funds was RMB 65044280633 and the balance used for the cash management of idle raised funds was RMB 103500000000.
2、 Management of raised funds
In order to standardize the management and use of raised funds, the company has formulated Huabao Flavours & Fragrances Co.Ltd(300741) raised funds management system according to the actual situation. According to the system, the company implements special account storage for the raised funds. As of December 31, 2021, the details of the balance of the special account for the storage of unused raised funds and the balance used for the cash management of idle raised funds are as follows:
Monetary unit: RMB
No. account name special account for raised funds account No. balance of opening bank
Warburg flavor Co., Ltd. China Citic Bank Corporation Limited(601998) Shanghai Jingan sub branch
Division 1811020101210083843928180599198
Huabao flavor Co., Ltd. China China Minsheng Banking Corp.Ltd(600016) Shanghai branch
Division 263299301135508534514
Warburg flavor Limited Ping An Bank Co.Ltd(000001) Shenzhen Xili branch
Division 3150660 Huabao Flavours & Fragrances Co.Ltd(300741) 99704077661
Jiangxi Huabao peacock Food China Industrial And Commercial Bank Of China Limited(601398) Lhasa economy
4 Technology Development Zone sub branch of science and Technology Development Co., Ltd. 0158 Guangdong Provincial Expressway Development Co.Ltd(000429) 1 Jiangsu Eastern Shenghong Co.Ltd(000301) 7333613.28
Jiangxi Huabao peacock Food Shanghai Pudong Development Bank Lhasa
5 Science and Technology Development Co., Ltd. Branch 320100788019 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 05647707932
6 cash management balance - 1035000000
The total balance of raised funds is 168544280633
On March 22, 2018, the company signed the tripartite supervision agreement on raised funds with the sponsor Zheshang Securities Co.Ltd(601878) and China Citic Bank Corporation Limited(601998) Shanghai Jing'an sub branch respectively. At the same time, in March 22, 2018, the company also carried out the main investment projects respectively: Lhasa Huabao Food Co., Ltd., Jiangxi Huabao peacock food science and Technology Development Co., Ltd., Shanghai Huabao peacock flavor Co., Ltd., sponsor Zheshang Securities Co.Ltd(601878) , raising funds for depositing bank Bank Of China Limited(601988) Lhasa duo road sub branch, Industrial And Commercial Bank Of China Limited(601398) Lhasa economic and Technological Development Zone sub branch, Shanghai Pudong Development Bank Co.Ltd(600000) Lhasa branch, China Minsheng Banking Corp.Ltd(600016) Shanghai Branch signed the four party supervision agreement on raised funds.
On June 2, 2021, in order to cooperate with the implementation of " Huabao Flavours & Fragrances Co.Ltd(300741) science and technology innovation center and supporting facilities project" and " Huabao Flavours & Fragrances Co.Ltd(300741) digital transformation project", the company and Zheshang Securities Co.Ltd(601878) signed the tripartite supervision agreement on raised funds with China Minsheng Banking Corp.Ltd(600016) Shanghai branch and Ping An Bank Co.Ltd(000001) Shenzhen branch respectively, and established a special account for raised funds.
There is no significant difference between the above agreement and the tripartite supervision agreement on the storage of raised funds in the special account (model), and the company has strictly followed and performed the raised funds.
As of June 23, 2021, the original "Huabao Lhasa pure land health food project" corresponding to the Lhasa Huabao Food Co., Ltd. raised funds account, the original "Huabao peacock food flavor and food technology research and development project" corresponding to the Shanghai Huabao peacock flavor Co., Ltd. raised funds specialized households have completed the cancellation procedures, the original project corresponding fund raising supervision agreement terminated accordingly.
On August 2 and October 9, 2021, the company opened special settlement accounts for cash management of raised funds in Industrial Bank Co.Ltd(601166) Shanghai Jing'an sub branch, Ping An Bank Co.Ltd(000001) Shenzhen Xili sub branch and Shanghai Branch of Hang Seng Bank (China) Co., Ltd. respectively. The above accounts will be used exclusively for the settlement of idle raised funds for cash management and will not be used for the deposit of non raised funds or for other purposes.
When using the raised funds, the company has gone through the application and approval procedures in accordance with the relevant provisions of the raised funds management system.
3、 Actual use of raised funds this year
1. The actual use of the company's raised funds in this year is shown in Schedule 1 comparison table of the use of raised funds.
2. Cash management of idle raised funds and investment in related products:
In order to further improve the use efficiency of the company's idle raised funds and enhance the ability of the raised funds to obtain income, according to the regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies and other relevant systems and norms of the CSRC, the company held the 10th meeting of the second board of directors and the 5th meeting of the second board of supervisors on March 19, 2021, The proposal on depositing part of the raised funds in the form of time deposit and the proposal on using part of the idle raised funds and self owned funds to purchase financial products were reviewed and adopted.
According to the proposal on depositing part of the raised funds in the form of time deposit, the company (including its subsidiaries, the same below) can convert the idle raised funds of no more than RMB 1.5 billion into time deposit for a period of no more than one year on the premise of ensuring that the normal construction of the investment projects with raised funds will not be affected. According to the proposal on using some idle raised funds and self owned funds to buy financial products, the company can use idle raised funds of no more than 1 billion yuan and idle self owned funds of no more than 2 billion yuan to buy financial products with high safety and good liquidity on the premise of ensuring that the construction of investment projects with raised funds and the normal operation of the company will not be affected. The above amount of purchasing financial products shall be valid within 12 months from the date of deliberation and approval by the board of directors of the company.
In line with the principle of maximizing the interests of shareholders and in order to improve the efficiency of the use of raised funds, the company held the 16th meeting of the second board of directors, the 7th Meeting of the second board of supervisors, the 18th meeting of the second board of directors and the 8th meeting of the second board of supervisors on August 20, 2021 and September 29, 2021 respectively, and deliberated and adopted the proposal on increasing the amount of cash management using idle raised funds, It is agreed to increase the idle raised funds of no more than 500 million yuan and no more than 200 million yuan respectively for cash management on the basis of the original approved amount of no more than 1 billion yuan, that is, use the idle raised funds of no more than 1.7 billion yuan for cash management. The increased cash management amount shall be effective within 12 months from the date of deliberation and approval by the board of directors of the company. As of December 31, 2021, the outstanding balance for cash management of idle raised funds amounted to RMB 1.035 billion, all of which were structural deposits. The actual income of the company from the cash management of idle raised funds and the use of idle raised funds for cash management in this year are as follows:
Cash management product name type amount start and end time (RMB) due
Bank Of China Limited(601988) Lhasa duodi road sub branch structural deposit is 100000000, 202008.24202102.22
Bank Of China Limited(601988) Lhasa duodi road sub branch structural deposit is 1000 China Vanke Co.Ltd(000002) 02102.24202105.27
Shanghai Pudong Development Bank Co.Ltd(600000) Lhasa branch structural deposit structural deposit 1000 China Vanke Co.Ltd(000002) 020.10.15202101.13 yes
Shanghai Pudong Development Bank Co.Ltd(600000) Lhasa branch structural deposit structural deposit 1000 China Vanke Co.Ltd(000002) 02101.15202104.15 yes
Shanghai Pudong Development Bank Co.Ltd(600000) Lhasa branch structural deposit structural deposit 900 China Vanke Co.Ltd(000002) 02104.21202107.21 yes
Shanghai Pudong Development Bank Co.Ltd(600000) Lhasa branch structural deposit structural deposit 700 China Vanke Co.Ltd(000002) 02107.28202110.28 yes
Shanghai Pudong Development Bank Co.Ltd(600000) Lhasa branch structured deposit structured deposit 450 China Vanke Co.Ltd(000002) 02111.05202202.07 no
China Citic Bank Corporation Limited(601998) Jing'an sub branch structural deposit structural deposit 3000 China Vanke Co.Ltd(000002) 02104.05202107.02 yes
China Citic Bank Corporation Limited(601998) Jing'an sub branch structural deposit structural deposit 3000 China Vanke Co.Ltd(000002) 02107.08202110.08 yes
Ping An Bank Co.Ltd(000001) Xili sub branch structural deposit structural deposit 500 China Vanke Co.Ltd(000002) 021.06.23202109.23 yes
Ping An Bank Co.Ltd(000001) Xili sub branch structural deposit structural deposit 4500 China Vanke Co.Ltd(000002) 021.08.06202111.05 yes
Industrial Bank Co.Ltd(601166) Jing'an sub branch structural deposit structural deposit 13000 China Vanke Co.Ltd(000002) 021.08.10202111.12 yes
Industrial Bank Co.Ltd(601166) Jing'an sub branch structural deposit structural deposit 1000 China Vanke Co.Ltd(000002) 021.08.30202112.03 yes
Industrial Bank Co.Ltd(601166) Jing'an sub branch structural deposit structural deposit 1000 China Vanke Co.Ltd(000002) 02109.13202112.17 yes
Industrial Bank Co.Ltd(601166) Jing'an sub branch structured deposit structured deposit 2600 China Vanke Co.Ltd(000002) 02109.26202112.31
