Huatai United Securities Co., Ltd
About Hubei Huaqiang Technology Co., Ltd
Special verification opinions on the deposit and use of raised funds in 2021
Huachuang Technology Co., Ltd. (hereinafter referred to as “Huachuang securities”) is the sponsor of the initial public offering of Huachuang Technology Co., Ltd. (hereinafter referred to as “Huachuang securities”) or “Huaqiang securities” Co., Ltd, In accordance with the relevant provisions of the measures for the administration of securities issuance and listing recommendation business, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies, the rules for the listing of shares on the science and Innovation Board of Shanghai Stock Exchange, the measures for the continuous supervision of listed companies on the science and Innovation Board (Trial), and the guidelines for the self-discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, The deposit and use of the raised funds of Huaqiang technology in 2021 were verified. The specific verification conditions are as follows: I. Basic information of the raised funds
(I) actual amount of raised funds and time of fund arrival
With the approval of registration of initial public offering of Hubei Huaqiang Technology Co., Ltd. (zjxk [2021] No. 3368) issued by China Securities Regulatory Commission, the company publicly issued 86206200 ordinary shares with a par value of RMB 1 per share, an issue price of RMB 35.09 per share and a total raised capital of RMB 3024975600, After deducting the issuance expenses (excluding value-added tax) of RMB 2128247 million, the net amount of funds actually raised was RMB 2811508 million. All the above-mentioned raised funds have been in place on December 1, 2021, which has been verified by Daxin Certified Public Accountants (special general partnership) and issued the capital verification report (dxyz [2021] No. 110041). The company has stored the raised funds in a special account and signed the tripartite supervision agreement on the storage of raised funds in a special account with the sponsor and the commercial bank storing the raised funds.
(II) use amount and year-end balance of raised funds in the current year
The bank interest income received from the raised funds account in this year was 2.643 million yuan, and the bank account management fees and other expenses incurred totaled 0400 yuan. As of December 31, 2021, the deposit balance of the company’s raised funds account was 28199674 million yuan.
As of December 31, 2021, the company has invested 139432 million yuan in the projects with self raised funds and paid 159698 million yuan in the issuance expenses with self raised funds in the early stage, and the replacement of raised funds has not been completed.
2、 Management of raised funds
(I) management of raised funds
In order to regulate the management and use of the raised funds and safeguard the legitimate rights and interests of all shareholders, the company complies with the provisions and requirements of the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of the raised funds of listed companies, and the guidelines for the self-discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, Combined with the actual situation of the company, the management system of raised funds is formulated, which makes specific and clear provisions on the storage, use and change of the company’s raised funds. The company manages and uses the raised funds according to the requirements.
(II) tripartite supervision agreement of raised funds
All the above-mentioned raised funds have been deposited in the special account for the management of raised funds. The company signed the tripartite supervision agreement on raised funds with the sponsor Huatai United Securities and Bank Of Communications Co.Ltd(601328) Yichang Branch, Bank Of China Limited(601988) Three Gorges Branch, China Construction Bank Corporation(601939) Yichang high tech sub branch, China Citic Bank Corporation Limited(601998) Yichang branch where the raised funds are deposited on December 1, 2021. The tripartite supervision agreement on raised funds stipulates in detail the relevant responsibilities and obligations of the issuer, the recommendation institution and the deposit bank, and the agreement defines the rights and obligations of all parties. There is no significant difference between the above signed tripartite supervision agreement and the tripartite supervision agreement (model) for the storage of raised funds. As of December 31, 2021, the company has used the raised funds in strict accordance with the system and the tripartite supervision agreement on raised funds.
(III) storage of raised funds in special account
The company has four special accounts for raised funds. As of December 31, 2021, the deposit of raised funds is as follows: unit: 10000 yuan
Bank name bank account balance
Bank Of Communications Co.Ltd(601328) Yichang Branch 42542500801100016885410510062
Bank Of China Limited(601988) Three Gorges Branch 56517119407095087.08
China Construction Bank Corporation(601939) Yichang high tech sub branch 4225013316010966680970064.12
China Citic Bank Corporation Limited(601998) Yichang Branch 811150101220083202211717.92
Total – 28196974
3、 Actual use of raised funds this year
(I) use of funds for investment projects with raised funds
As of December 31, 2021, the use of funds for investment projects with raised funds (hereinafter referred to as “raised investment projects”) is detailed in the “comparison table of use of raised funds” (Schedule 1).
(II) early investment and replacement of raised investment projects
During the reporting period, the company did not replace its own funds invested in advance with the raised funds.
(III) temporary replenishment of working capital with idle raised funds
During the reporting period, the company did not use idle raised funds to temporarily supplement working capital.
(IV) cash management of idle raised funds and investment in related products
During the reporting period, the company did not use idle raised funds for cash management.
(V) permanent replenishment of working capital or repayment of bank loans with over raised funds
During the reporting period, the company did not use over raised funds to permanently supplement working capital or bank loans.
(VI) use of over raised funds for projects under construction and new projects (including acquisition of assets, etc.)
During the reporting period, the company did not use the over raised funds for projects under construction and new projects.
(VII) utilization of raised funds
During the reporting period, the company’s fund-raising investment projects are now in the initial investment stage, and the company’s fund-raising investment projects are in the process of implementation. The company does not use the surplus funds of the raised funds investment projects for other raised funds investment projects or non raised funds investment projects.
(VIII) other information about the use of raised funds
None.
4、 Change the use of funds of raised investment projects
During the reporting period, the company did not change the use of funds for raised investment projects.
5、 Problems in the use and disclosure of raised funds
The company has timely, truly, accurately and completely disclosed the deposit and use of the company’s raised funds in accordance with the relevant provisions of the self regulatory guidelines for companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation and the raised funds management system, and there is no illegal use of the raised funds.
6、 Concluding comments on the special verification report issued by the accounting firm on the deposit and use of the company’s annual raised funds
Daxin Certified Public Accountants (special general partnership) believes that the special report on the deposit and actual use of raised funds prepared by the company complies with relevant regulations and fairly reflects the actual deposit and use of raised funds in 2021 in all major aspects.
7、 Concluding comments on the special verification report issued by the sponsor on the deposit and use of the company’s annual raised funds
After verification, the recommendation institution believes that:
As of December 31, 2021, the deposit and use of the company’s raised funds comply with the provisions of regulations and documents such as the measures for the administration of securities issuance of listed companies, the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies, the Listing Rules of Shanghai Stock Exchange’s science and innovation board, and the guidelines for the self-discipline supervision of listed companies on Shanghai Stock Exchange’s science and Innovation Board No. 1 – standardized operation, The raised funds were stored and used in a special account, and the relevant information disclosure obligations were performed in time. The specific use of the raised funds was consistent with the disclosure, and there was no violation of relevant laws and regulations.
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(there is no text on this page, which is the signature page of the special verification opinions of Huatai United Securities Co., Ltd. on the deposit and use of raised funds of Hubei Huaqiang Technology Co., Ltd. in 2021)
Sponsor representative:
Liu Wei, Zhang zhanpei
Huatai United Securities Co., Ltd
Attached table 1: comparison of use of raised funds
Unit: 10000 yuan
Total amount of raised funds 28121508 total amount of raised funds invested in this year-
Total amount of raised funds with changed purposes-
The proportion of the total amount of the raised funds invested in the raised funds with changed purposes to the total amount-
By the end of the period, the accumulated items of the changed items have reached the project feasibility goal, Including the adjusted investment of the raised funds of the Department, the cumulative investment amount of the commitment for the current year as of the end of the period and the commitment for the investment as of the end of the period can make the actual achievement of the current year, whether to issue the committed investment projects, change the total amount of the committed investment, calculate the input amount, the input progress of the committed investment amount (%) the current benefits of the use state, and the total expected benefits have changed significantly (if any) (1) (2) Difference (3) = (4) = (2) / (1) periodization
(2)-(1)
New nuclear biochemical stress
First aid protective equipment no 7720000 – 7720000 – – 7720000 – 2025 / 12 / 31 not applicable not applicable no
New nuclear, chemical and biological defense equipment for industrialized production base project
Whether the foundation protection materials have been developed 3530000 – 3530000 — – 3530000 – 2025 / 12 / 31 not applicable not applicable no
Development platform construction project informatization (data)
Driven smart enterprise no 992000 – 992000 — – 992000 – 2025 / 12 / 31 not applicable not applicable no
Construction project
Supplementary working capital no 5000000 – 5000000 — – 5000000 – not applicable not applicable no
Investment direction of over raised funds 10879508 —
