Huatai United Securities Co., Ltd
About Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd
Special verification report on the deposit and use of raised funds in 2021
Huatai United Securities Co., Ltd. (hereinafter referred to as “Huatai United Securities” or “sponsor”) is the sponsor of the initial public offering of shares by Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd. (hereinafter referred to as ” Kangping Technology (Suzhou) Co.Ltd(300907) ,” company “or” listed company “), In accordance with the 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 Listing Rules of GEM stocks of Shenzhen Stock Exchange and the guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of GEM listed companies and other laws and regulations, The deposit and use of the raised funds of Kangping Technology (Suzhou) Co.Ltd(300907) in 2021 were checked. The verification results are as follows: I. Basic information of the raised funds
With the approval of registration of initial public offering of Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd. (zjxk [2020] No. 2258) issued by China Securities Regulatory Commission, the company issued 24 million ordinary shares (A shares) in RMB for the first time, the issuing price was 14.30 yuan / share, the total amount of raised funds was 34320000000 yuan, and the issuance fee excluding tax was 5139648419 yuan, The net amount of funds actually raised was 29180351582 yuan. The above raised funds were in place on November 13, 2020. ShineWing Certified Public Accountants (special general partnership) verified the availability of the raised funds and issued the capital verification report (xyzh / 2020njaa20005). 2、 Management of raised funds
In order to regulate the management and use of the company’s raised funds and protect the rights and interests of investors, the company formulated the measures for the management of raised funds in accordance with the relevant provisions of the Shenzhen Stock Exchange GEM Listing Rules and in combination with the actual situation of the company, which was deliberated and adopted by the company’s 2018 annual general meeting of shareholders.
In accordance with the regulations of the aforementioned regulatory authorities and the requirements of the measures for the management of raised funds, the company and its subsidiaries implementing the project set up special accounts for raised funds, and signed the tripartite / quadripartite supervision agreement for raised funds with Industrial And Commercial Bank Of China Limited(601398) Suzhou Xiangcheng sub branch, Hua Xia Bank Co.Limited(600015) Jiangsu pilot Free Trade Zone Suzhou sub branch and the sponsor Huatai United Securities in November 2020. In October 2021, the company and its subsidiary Kangping Technology (Suzhou) Co.Ltd(300907) (Vietnam) Co., Ltd., the sponsor and Bank Of China Limited(601988) (Hong Kong) Ho Chi Minh City Branch signed the four party supervision agreement on raised funds 1; In December 2021, the company and its subsidiary Shenzhen ashbit Motor Co., Ltd., the sponsor and Bank Of Communications Co.Ltd(601328) Shenzhen Dalang sub branch signed the four party supervision agreement on raised funds. 2.
According to the provisions of the measures for the administration of raised funds, the company adopts a special account storage system for the raised funds and strictly performs the use approval procedures, so as to supervise the management and use of the raised funds and ensure that the special funds are used for special purposes. At the same time, according to the provisions of the tripartite / quadripartite supervision agreement on raised funds, if the company (or subsidiary) withdraws more than 50 million yuan from the special account for raised funds at one time or within 12 months, the special account storage bank shall timely notify the sponsor Huatai United Securities, and Zheng Shijie and Jia Peng, the sponsor representatives designated by Huatai United Securities authorized by the company, can inquire at the special account bank at any time Copy the information of the company’s special account; The special account bank shall timely, accurately and completely provide it with the required information about the special account. As of the date of issuance of this report, the tripartite / quadripartite supervision agreement for raised funds has been well performed.
As of December 31, 2021, the deposit of the company’s special account for raised funds is as follows:
Unit: Yuan
Account name deposit bank account number balance
Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) China Industrial And Commercial Bank Of China Limited(601398) Co., Ltd. 110226092900013093410630975662 Co., Ltd. Suzhou Xiangcheng sub branch
Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Hua Xia Bank Co.Limited(600015) River
Suzhou Branch of Suzhou pilot free trade zone of Co., Ltd. 1245400 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 80254 line 198604
Suzhou Yingdong Power Engineering Co., Ltd. Suzhou Xiangcheng sub branch of China Industrial And Commercial Bank Of China Limited(601398) Co., Ltd. 11022609290001310380.00 Tools Co., Ltd
1. The company held the first (Interim) meeting of the Fourth Board of directors in 2021 and the first (Interim) meeting of the Fourth Board of supervisors in 2021 on February 10, 2021, and the first extraordinary general meeting of shareholders in 2021 on February 26, 2021. The proposal on changing the use of some raised funds and increasing capital to wholly-owned subsidiaries was deliberated and adopted, It is agreed to adjust the amount of funds to be invested in the “project with an annual output of 12 million motors for electric tools, household appliances and auto parts and Shanghai Pudong Development Bank Co.Ltd(600000) complete sets of electric tools”, and implement the newly raised capital investment project “project with an annual output of 3.2 million motors and 60000 electric tools” by increasing capital to the wholly-owned subsidiary of the company. After adjustment, the fund raised by the “project with an annual output of 12 million sets of electric tools, household appliances and auto parts motors and Shanghai Pudong Development Bank Co.Ltd(600000) sets of complete electric tools” is planned to invest 1305235 million yuan; The raised funds of the “project with an annual output of 3.2 million motors and 60000 electric tools” are planned to invest 18 million US dollars (equivalent to about 116.28 million yuan);
2. The company held the fifth meeting of the Fourth Board of directors in 2021 and the fourth meeting of the Fourth Board of supervisors in 2021 on August 25, 2021, and the second extraordinary general meeting of shareholders in 2021 on September 13, 2021. The proposal on changing the purpose of part of the raised funds was reviewed and approved, and the company was agreed to terminate the “project with an annual output of 12 million motors and Shanghai Pudong Development Bank Co.Ltd(600000) complete sets of electric tools, household appliances and auto parts”, The raised fund of 1305235 million yuan for the project will be invested in the “project with an annual output of 10 million sets of electric tools, household appliances and auto parts Motors”.
Account name deposit bank account number balance
Kangping Technology (Suzhou) Co.Ltd(300907) (Vietnam) Bank Of China Limited(601988) (Hong Kong) Ho Chi Minh City 1 Shenzhen Zhenye(Group)Co.Ltd(000006) 004038352826062682 branch of Co., Ltd
Shenzhen ashbitt electric Bank Of Communications Co.Ltd(601328) Shenzhen 44306665701 New Universal Science And Technology Co.Ltd(300472) 67030.00 Machine Co., Ltd. Shenzhen Dalang sub branch
Total 13457236948
3、 Utilization and balance of raised funds in 2021
The total amount of funds raised this time is RMB 343.2 million, after deducting the underwriting cost of Huatai United Securities, a sponsor, of RMB 30 million (including value-added tax). As of November 13, 2020, the company has actually received the amount of funds raised of RMB 313.2 million. After the raised funds are in place, the company has implemented special account storage for the raised funds in Industrial And Commercial Bank Of China Limited(601398) Suzhou Xiangcheng sub branch and Hua Xia Bank Co.Limited(600015) Jiangsu pilot Free Trade Zone Suzhou sub branch. The details are as follows:
Unit: Yuan
Balance of account number of deposit bank as of November 13, 2020
Industrial And Commercial Bank Of China Limited(601398) Suzhou Xiangcheng sub branch 110226092900013093430000000
Hua Xia Bank Co.Limited(600015) Jiangsu pilot Free Trade Zone Su 1245400 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 802541320000000 sub branch
Industrial And Commercial Bank Of China Limited(601398) Suzhou Xiangcheng sub branch 1102260929000131038-
Total 31320000000
As of December 31, 2021, the use and balance of the company’s raised funds are as follows:
Unit: Yuan
Project amount
Received amount of raised funds: 31320000000
Less: issuance expenses paid with raised funds 2370000000
7989118445 has been invested in the projects invested with raised funds
Including: 7989118445 yuan invested directly by raising funds
Replace the self owned funds of the raised investment project invested in advance by 0.00
Project amount
347843534 has been transferred out of the special account for raised funds but has not been invested in the raised investment project
Idle raised funds for purchasing financial products 0.00
Idle raised funds for temporarily replenishing working capital 7750000000
Bank charges 154246
Exchange loss 495651696
Plus: interest income 138840242
Financial income 251164627
As of December 31, 2021, the balance of the special account for raised funds was 13457236948
3. It is only applicable to the project with an annual output of 3.2 million motors and 60000 electric tools. The implementation subject and location of the project are in Vietnam, so it is necessary to comply with relevant laws and regulations of Vietnam. According to the relevant laws and regulations of Vietnam, the investment funds received by Vietnamese foreign-invested enterprises need to be deposited in the capital account (i.e. the special account for the raised funds of the project). This capital account can only be opened and can only be used for the payment of more than one year from the time of customs declaration and the income and expenditure of other specific matters. If the payment does not exceed the above time of customs declaration and the relevant funds involving local transactions in Vietnam are required, Then it must be transferred through the capital account to the general account (open different accounts according to currency differences) before payment. Therefore, due to time difference and other factors, some of the raised funds transferred out of the special account for raised funds (i.e. capital account) have not been invested in the raised investment project, and this part of the raised funds will be invested in the above-mentioned project later;
4 it is only applicable to the project with an annual output of 3.2 million motors and 60000 electric tools. The implementation subject and location of the project are in Vietnam. Therefore, the raised funds of the project are deposited in the above bank account in the form of US dollars or Vietnamese Dong. The process of converting US dollars and Vietnamese Dong into RMB will be involved in calculating the data related to the deposit and use of the raised funds of the project. The company adopts the exchange rate at the end of the period (December 31, 2021), It is different from the exchange rate at the time of foreign exchange purchase, resulting in exchange gains and losses.
