China Avionics Systems Co.Ltd(600372)
Special report on the deposit and actual use of raised funds in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this report, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
1、 Basic information of raised funds
（1） Basic information of public issuance of convertible corporate bonds
According to the resolutions of the sixth meeting of the sixth board of directors held on July 31, 2017 and the third extraordinary general meeting held on August 21, 2017, and the approval of the reply on approving China Avionics Systems Co.Ltd(600372) public issuance of convertible corporate bonds (zjxk [2017] No. 2274) issued by China Securities Regulatory Commission, the company issued convertible corporate bonds in 2017, The details are as follows:
Unit: RMB
Code Issuance Date maturity date bond amount interest rate principal and interest repayment transaction
place
0.20% in the first year, and the current bond adopts single bond
0.50% in the second year, the interest is calculated on an annual basis, not in Shanghai
Avionics 1100422017 2023240000000000, 1.00% in the third year, compounded. Securities paid annually
On December 25 and December 24, the fourth year of convertible bonds is 1.50%, the interest rate is once, and the last transaction
1.80% in the fifth year, with the interest paid along with the principal
In the sixth year, 2.00% will be paid together
Note: the term of "avionics convertible bonds" is 6 years, and the start and end date of the conversion is from June 29, 2018 to December 24, 2023.
As of December 29, 2017, Citic Securities Company Limited(600030) , AVIC Securities Co., Ltd. has remitted the amount of 2383720000 yuan after deducting 16280000 yuan of sponsorship and underwriting fees paid from the 2400000000 yuan of funds raised from this bond issue into the special account for raised funds opened by China Avionics Systems Co.Ltd(600372) in China Citic Bank Corporation Limited(601998) Beijing Wangjing sub branch with an account number of 8110701013601262793.
The above funds were verified by the capital verification report no. xyzh / 2017bja50339 issued by ShineWing Certified Public Accountants (special general partnership).
On June 25, 2018, the company held the fourth meeting of the sixth board of directors in 2018 (Provisional), deliberated and approved the proposal on changing the special account for raising funds, and agreed to change the special account for raising funds through public issuance of convertible corporate bonds in 2017, and transfer out all the raised funds and interests of the special account for raising funds originally opened in China Citic Bank Corporation Limited(601998) Beijing Wangjing sub branch, Transfer to the special account for raised funds opened by the company at China Merchants Bank Co.Ltd(600036) Beijing Wantong central sub branch (account name: China Avionics Systems Co.Ltd(600372) , account number: 791902048110901).
The company redeemed the "avionics convertible bonds" in 2020. As of the closing of the market on September 7, 2020, the cumulative face value of 2388000000 yuan of "avionics convertible bonds" has been converted into company shares, accounting for 9950000% of the total issued amount of "avionics convertible bonds". The number of shares formed by convertible bonds is 169051327, accounting for 960976% of the total issued shares of the company before the "avionics convertible bonds" was converted into shares. On September 8, 2020, the company redeemed 120000 convertible bonds that have not been converted into shares. As of September 8, 2020, the company's convertible bonds have been fully converted into shares and redeemed. The "avionics convertible bonds" will no longer continue to circulate or trade and will be delisted in Shanghai Stock Exchange.
（2） Use and balance of raised funds
No. project funds raised by public issuance of convertible bonds
1. Net amount of raised funds 238372000000
2 less: accumulated use of raised funds 234175084109
3 of which: 184752943737 yuan of raised funds has been accumulated for projects invested with raised funds in previous years
4. The cumulative use of raised funds for projects invested with raised funds in this year is 49422140372
5 plus: net amount of accumulated interest income deducting bank charges 4188356327
6. Balance of raised funds: 8385272218
As of December 31, 2021, the company has accumulated 234175084109 yuan of funds raised through public issuance of convertible bonds, including 184752943737 yuan in the previous year and 49422140372 yuan in the current year, which have been invested in fund-raising projects and supplementary working capital.
As of December 31, 2021, the balance of the special account for the funds raised by the company's public issuance of convertible bonds was 8385272218 yuan, and the accumulated amount used was 234175084109 yuan, which was 4188356327 yuan, which was the net amount of the accumulated interest income of the raised funds after deducting the bank handling fee.
2、 Management of raised funds
（1） Formulation of raised funds management system
In order to regulate the management and use of the company's raised funds and safeguard the legitimate interests of all shareholders, in accordance with 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 raised funds of listed companies, and the measures for the administration of raised funds of listed companies of Shanghai Stock Exchange The company revised the measures for the management and use of China Avionics Systems Co.Ltd(600372) raised funds in July 2017 in accordance with the relevant laws and regulations such as the Listing Rules of Shanghai Stock Exchange and the relevant provisions of the China Avionics Systems Co.Ltd(600372) articles of association. This matter has been deliberated and adopted at the sixth meeting (Interim) of the sixth board of directors in 2017 and the third extraordinary general meeting in 2017. The company has been managing the raised funds in accordance with the measures for the management and use of China Avionics Systems Co.Ltd(600372) raised funds.
（2） Storage of raised funds in special account
As of December 31, 2021, the balance of funds raised by the company's public issuance of convertible corporate bonds was 8385272218 yuan, which was deposited in the following special accounts of the company:
Unit: RMB
Account name account no. of deposit bank balance of raised funds
China Citic Bank Corporation Limited(601998) Beijing Wangjing branch
China Avionics Systems Co.Ltd(600372) line 81107010136012627930.00
China Merchants Bank Co.Ltd(600036) Co., Ltd
Division Beijing Wantong central sub branch 79190204811090118024.84
Shanghai Aviation Electric Appliance Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 0106908898560
Shaanxi Huayan Aviation Instrument Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 0104814549397
Chengdu Kaitian Electronics Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 1107652478893
Lanzhou Flight Control Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 0108942987369
Shaanxi Eastern Aviation Instrument Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 1103380941613
Shaanxi Qianshan avionics Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 0105367837265
Beijing Qingyun Aviation Instrument Co., Ltd. China Citic Bank Corporation Limited(601998) Wangjing sub branch 8110701013501284035460004734
Suzhou Changfeng avionics Co., Ltd. China Citic Bank Corporation Limited(601998) Wangjing sub branch 81107010142012843281287217023
Lanzhou Wanli aviation electromechanical Co., Ltd. China Construction Bank Corporation(601939) Ditan sub branch 110501605 Shenzhen Tagen Group Co.Ltd(000090) 11101443724740
Taiyuan Aviation Instrument Co., Ltd. China Citic Bank Corporation Limited(601998) Wangjing sub branch 81107010132012844611124830140
Total 8385272218
（3） Third party supervision on the storage of raised funds in the special account
After deliberation and approval at the 12th meeting of the 6th board of directors in 2017, the company signed the tripartite supervision agreement on the special account for raised funds with the sponsor Citic Securities Company Limited(600030) , AVIC Securities Co., Ltd. and China Citic Bank Corporation Limited(601998) Beijing Wangjing sub branch. There is no significant difference between the agreement and the tripartite supervision agreement on the special account for raised funds (model), and the performance is good.
3、 Use of raised funds in 2021
1. Utilization of investment funds raised in previous years
As of December 31, 2020, the accumulated use of raised funds was 184752943737 yuan, of which 123377543737 yuan was invested in the project of raised funds, and the supplementary working capital of the company was 61375400000 yuan. The unused amount is 57674480977 yuan, including 53619056263 yuan of raised funds and 4055424714 yuan of accumulated interest stored in the special account.
2. Use of raised funds this year
(1) The subsidiary invested 33598266994 yuan in the raised capital project with the capital increase, see the annex for details;
