Securities code: 301237 securities abbreviation: Heshun technology Announcement No.: 2022005
Hangzhou Heshun Technology Co., Ltd
On the use of raised funds to replace pre invested projects
And the announcement of self raised funds for which the issuance fee has been paid
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as “the company” or “Heshun technology”) held the fifth meeting of the third board of directors and the third meeting of the third board of supervisors on March 31, 2022, deliberated and adopted the proposal on using raised funds to replace self raised funds invested in raised projects in advance and paid issuance expenses, It is agreed that the company will use the raised funds to replace the self raised funds of 851284 million yuan invested in the raised investment project in advance and the issuance expenses (excluding value-added tax) of 3.3962 million yuan paid with the self raised funds in advance. The above matters comply with the provisions on replacement within 6 months after the arrival of the raised funds. The relevant information is hereby announced as follows:
1、 Basic information of raised funds
According to the reply on Approving the registration of initial public offering of shares of Hangzhou Heshun Technology Co., Ltd. (zjxk [2022] No. 253) issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC”), and with the consent of Shenzhen Stock Exchange, Hangzhou Heshun Technology Co., Ltd. issued 20 million ordinary shares (A shares) in RMB for the first time, with a par value of 1 yuan per share, The issue price per share is 56.69 yuan / share, and the total amount of funds raised is 1133800000 yuan. After deducting the issuance expenses of 11572506590 yuan, the actual net amount of funds raised is 101807493410 yuan.
All the above raised funds have been received. Tianjian Certified Public Accountants (special general partnership) has verified the availability of funds for the company’s initial public offering and issued the capital verification report (Tianjian Yan Zi [2022] No. 92). The company has opened a special account for the raised funds, stored the raised funds in a special account, and signed the tripartite supervision agreement for the raised funds with the account opening bank and the sponsor.
2、 Basic information of investment projects with raised funds
According to the company’s prospectus, the funds raised by the company’s initial public offering will be invested in the following projects after deducting the issuance expenses:
Unit: RMB 10000
No. project name investment scale investment amount of raised funds
1 biaxially stretched polyester film production base construction 43623374362337 project
2 R & D center construction project 785539785539
3. Supplementary working capital project 10 Ping An Bank Co.Ltd(000001) 000000
Total 6147876
3、 Advance investment of self raised funds into projects invested with raised funds and payment of issuance expenses
In order to smoothly promote the construction of projects invested with raised funds, the company has used self raised funds to invest in advance within the scope of project planning. Tianjian Certified Public Accountants (special general partnership) has reviewed the matters of the company’s pre investment in projects invested with raised funds as of March 21, 2022, And issued the assurance report on the pre investment of raised investment projects by Hangzhou Heshun Technology Co., Ltd. with self raised funds (tianjianshen [2022] No. 835)
The company plans to use the raised funds to replace the total amount of RMB 851284 million invested in the investment projects with raised funds in advance by March 21, 2022, and the total amount of issuance expenses paid with self raised funds (excluding value-added tax) is RMB 3.3962 million. The details are as follows:
1. Advance investment of raised investment projects with self raised funds
Unit: 10000 yuan
Project name total investment amount self raised funds actual investment amount to be replaced
4362337706358706358 construction project of biaxially stretched polyester film production base
R & D center construction project 785539144926144926
Supplementary working capital project 1000000
Total 6147876851284851284
2. Payment of issuance expenses with self raised funds
The issuance fee excluding value-added tax paid by the company with self raised funds is RMB 3.3962 million. The company plans to use the raised funds of RMB 3.3962 million to replace the issuance fee excluding value-added tax paid with self raised funds in the early stage. 4、 Implementation of replacement of early investment with raised funds
According to the company’s prospectus, the company has made arrangements to use the raised funds to replace the early investment, That is, “if all or part of the above-mentioned projects invested by raised funds must be invested in advance before the funds raised in this issuance are in place due to business needs or market competition, the company plans to invest in advance with self raised funds. After the funds raised in this issuance are in place, the company can choose to replace the early self raised funds with raised funds”. The proposed replacement plan is consistent with the arrangement in the prospectus.
The company plans to replace the early investment funds with self raised funds, and the replacement time of raised funds is less than six months from the arrival time of raised funds. The exchange of raised funds complies with the provisions of laws, regulations and normative documents such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of companies listed on GEM, as well as the relevant arrangements of issuance application documents, It does not affect the normal progress of the investment plan of the raised funds, nor does it change the purpose of the raised funds in a disguised form.
5、 Review procedures and relevant opinions
1. Deliberations of the board of directors
The fifth meeting of the third board of directors of the company approved the proposal on using the raised funds to replace the self raised funds invested in the raised projects in advance and paid the issuance expenses, and agreed to use the raised funds of 851284 million yuan to replace the self raised funds invested in the raised projects in advance and 3.3962 million yuan (excluding value-added tax) to replace the self raised funds paid the issuance expenses.
2. Deliberation of the board of supervisors
The third meeting of the third session of the company’s board of supervisors 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. The board of supervisors agreed that the company would use the raised funds of 851284 million yuan to replace the self raised funds invested in the raised investment projects in advance and use the raised funds (excluding value-added tax) of 3.3962 million yuan to replace the self raised funds paid the issuance expenses.
3. Opinions of independent directors
The independent directors of the company believe that the company plans to replace the early investment funds as self raised funds, and the replacement time of raised funds is less than 6 months from the arrival time of raised funds. The replacement of the raised funds does not conflict with the implementation plan of the raised investment project, does not change the purpose of the raised funds in a disguised manner, does not affect the normal progress of the raised funds investment project, and does not change the investment direction of the raised funds in a disguised manner and damage the interests of shareholders, Comply with the provisions of laws, regulations and normative documents such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies (revised in 2022), the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of GEM listed companies, as well as the relevant arrangements of issuance application documents. We agree to the above matters.
4. Assurance opinion of accounting firm
According to the verification report of Hangzhou Heshun Technology Co., Ltd. invested in the raised investment project with self raised funds in advance (TJs [2022] No. 835) issued by Tianjian accounting firm (special general partnership), Tianjian accounting firm (special general partnership) believes that, The special instructions of Hangzhou Heshun Technology Co., Ltd. on using raised funds to replace self raised funds invested in pre raised projects and paid issuance expenses prepared by the management of Heshun Technology Co., Ltd. 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, In all major aspects, it truthfully reflects the actual situation of the company’s pre investment of raised investment projects and payment of issuance expenses with self raised funds. 5. Verification opinions of the recommendation institution
The self raised funds of Heshun technology for the replacement of the pre invested and paid issuance expenses with the raised funds have been deliberated and approved by the board of directors and the board of supervisors of the company. Tianjian Certified Public Accountants (special general partnership) has conducted a special audit on the company’s pre invested projects with the raised funds and paid issuance expenses with the self raised funds and issued a verification report. The independent directors also expressed their explicit consent, It has fulfilled the necessary procedures, complied with the provisions of relevant laws and regulations and the rules of the exchange, and complied with the relevant provisions of laws and regulations such as the guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies and the guidelines for the standardized operation of companies listed on the gem of Shenzhen Stock Exchange (revised in 2020). The sponsor has no objection to the replacement of self raised funds invested in advance and paid issuance expenses by Heshun technology with the raised funds.
6、 Documents for future reference
1. Resolution of the 5th meeting of the 3rd board of directors of Hangzhou Heshun Technology Co., Ltd
2. Resolution of the third meeting of the third board of supervisors of Hangzhou Heshun Technology Co., Ltd
3. Independent director’s independent opinions on matters related to the fifth meeting of the third board of directors of Hangzhou Heshun Technology Co., Ltd
4. Tianjian Certified Public Accountants (special general partnership) assurance report on the raised investment projects invested in advance by Hangzhou Heshun Technology Co., Ltd. with self raised funds (tianjianshen [2022] No. 835)
5. Dongxing Securities Corporation Limited(601198) “verification opinions on Hangzhou Heshun Technology Co., Ltd. using raised funds to replace self raised funds invested in projects invested in advance and paid issuance expenses”
It is hereby announced.
Board of directors of Hangzhou Heshun Technology Co., Ltd. April 1, 2022
