Securities code: Kangping Technology (Suzhou) Co.Ltd(300907) securities abbreviation: Kangping Technology (Suzhou) Co.Ltd(300907) Announcement No.: 2022017 Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd
On delaying the return of idle raised funds and continuing to be used
Announcement on temporary replenishment of working capital
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.
Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd. (hereinafter referred to as "the company") held the first meeting of the Fourth Board of directors in 2022 and the first meeting of the Fourth Board of supervisors in 2022 on March 31, 2022, deliberated and adopted the proposal on delaying the return of idle raised funds and continuing to be used to supplement working capital temporarily, and agreed that the company, on the premise of ensuring the normal progress of investment projects with raised funds, Postpone the return of idle raised funds of no more than RMB 100 million (including this amount) and continue to be used to supplement working capital temporarily. The service life is no more than 12 months from the original due date (April 7, 2022) (i.e. to April 7, 2023). When it expires, it will be returned to the special account for raised funds. The specific contents are hereby announced as follows:
1、 Basic information of raised funds
1. Basic information of raised funds
With the approval of China Securities Regulatory Commission on Approving the registration of initial public offering of Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd. (zjxk [2020] No. 2258), 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 expenses excluding tax were 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). The company has deposited the above raised funds in the special account for raised funds, and signed the three / four party supervision agreement for raised funds with the sponsor and the commercial bank storing the raised funds.
2. Investment projects with raised funds
According to the company's prospectus for initial public offering and listing on GEM and subsequent adjustments to the investment projects of raised funds, the company's raised funds are planned to be used for the following projects:
Unit: 10000 yuan
No. project name total investment of implementing entity amount of raised funds to be invested
Annual output of electric tools, household appliances and
1. The project of 12 million sets of auto parts motors and Shanghai Pudong Development Bank Co.Ltd(600000) sets of electric tools in Suzhou Yingdong electric tools (1) Co., Ltd
(termination) 2
2. Supplementary working capital Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) 450000 shares Co., Ltd
With an annual output of 3.2 million sets of motors and an annual output of 18 million US dollars for Kangping Technology (Suzhou) Co.Ltd(300907) (Vietnam), there are 360000 sets of 60000 sets of project 3 Co., Ltd. (equivalent to RMB (equivalent to about 116.28 million) 4 about 116.28 million)
Annual output of electric tools, household appliances and Shenzhen ashbit motor
4 auto parts motor 10 million units project Co., Ltd. 19378001305235 5
Total 35506 Monalisa Group Co.Ltd(002918) 035
3. Use of raised funds
As of December 31, 2021, the company has invested a total of 798912 million yuan of raised funds, and the raised funds have been used exclusively
1. The company held the second (Interim) meeting of the Fourth Board of directors in 2020 and the second meeting of the Fourth Board of supervisors in 2020 on December 31, 2020
At the (Interim) meeting, the proposal on adjusting the investment amount of raised funds for some raised investment projects was reviewed and approved, and the company was agreed to raise funds according to the actual situation
Adjust the specific investment amount of the raised funds of each raised investment project according to the net amount of funds and the actual situation of the raised investment projects, and
The raised capital investment of the project of 12 million accessory motors and Shanghai Pudong Development Bank Co.Ltd(600000) complete electric tools was adjusted from 300 million yuan to 2468035
10000 yuan; The investment amount of the raised funds of the "supplementary working capital" project remains unchanged. For details, please refer to the company's cninfo on December 31, 2020
Website (www.cn. Info. Com. CN.) Announcement on adjusting the investment amount of raised funds of some raised investment projects (Announcement No.: 2020016).
2 see footnote 5 for details.
3. The company held the first (Interim) meeting of the Fourth Board of directors in 2021 and the first meeting of the Fourth Board of supervisors in 2021 on February 10, 2021
(Interim) meeting: the first extraordinary general meeting of shareholders in 2021 was held on February 26, 2021, which deliberated and adopted the regulations on changing part of raised funds
The purpose of the fund and the proposal of increasing capital to a wholly-owned subsidiary agree to adjust the "annual output of 12 million sets of motors and electricity for electric tools, household appliances and auto parts"
The amount of funds raised for the " Shanghai Pudong Development Bank Co.Ltd(600000) complete sets of mobile tools" project is proposed to be invested, and the newly raised funds will be invested through capital increase to the wholly-owned subsidiary of the company
The project is "a project with an annual output of 3.2 million motors and 60000 electric tools".
After adjustment, "the annual output of electric tools, household appliances and auto parts motors is 1200"
The amount of funds raised for the project of 10000 sets and Shanghai Pudong Development Bank Co.Ltd(600000) sets of complete electric tools is proposed to be 1305235 million yuan; "With an annual output of 3.2 million motors and electric construction"
The amount of funds raised from the "60000 units project" is proposed to be invested is US $18 million (equivalent to about 116.28 million yuan). For details, please refer to the company's
On February 10, 2021, on cninfo (www.cn. Info. Com. CN.) On changing the purpose of some raised funds and transferring funds to wholly-owned subsidiaries
Announcement on capital increase of the company (Announcement No.: 2021004).
The calculated exchange rate of 4 US dollars to RMB is 1:6.46, and the actual exchange rate is subject to the final remittance. According to the actual exchange rate, the investment of items 3 and 4
The total amount of funds to be raised and the amount of funds to be raised will be adjusted accordingly.
5 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
The second extraordinary general meeting of shareholders in 2021 was held on September 13, 2021, and the proposal on changing the purpose of some raised funds was considered and adopted,
It is agreed that the company will 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" and
The raised fund for the project is 1305235 million yuan, which is invested in the "project with an annual output of 10 million sets of electric tools, household appliances and auto parts Motors".
For details, please refer to the company's website (www.cn. Info. Com. CN.) on August 27, 2021 On the change of part raising
Announcement on the use of funds (Announcement No.: 2021042).
The balance of this account is 134572400 yuan (including interest income). The specific usage is as follows:
Unit: 10000 yuan
No. project name raised funds proposed investment amount used raised funds
Annual output of electric tools, household appliances and automobile accessories
12 million electric motors and Shanghai Pudong Development Bank Co.Ltd(600000) complete electric tools
2. Supplementary working capital 45 Shenzhen Textile (Holdings) Co.Ltd(000045) 0000
The annual output of 3.2 million motors and electric tools is US $618 million and US $5.4725 million (equivalent to 30000 units) (equivalent to about 116.28 million yuan) (equivalent to about 348912 million yuan)
4. The project with an annual output of 10 million sets of 13052350.00 motors for electric tools, household appliances and automobiles
Total 2918035798912
2、 Temporary replenishment of working capital with idle raised funds in the previous time
On April 8, 2021, the company held the second meeting of the Fourth Board of directors in 2021 and the second meeting of the Fourth Board of supervisors in 2021, deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company would use idle raised funds of no more than 100 million yuan (including this amount) to temporarily supplement working capital on the premise of ensuring the normal operation of the investment projects with raised funds, The service life is one year from the date of deliberation and approval by the board of directors, and will be returned to the special account for raised funds upon expiration. For details, please refer to the company's website (www.cn. Info. Com. CN.) on April 10, 2021 Announcement on temporarily replenishing working capital with some idle raised funds (Announcement No.: 2021018).
3、 The deferred return of idle raised funds and continued to be used for temporary replenishment of working capital
1. Reasons and plans for delaying the return of idle raised funds and continuing to be used to supplement working capital temporarily. With the continuous expansion of the company's business scale, the company needs to increase investment and the demand for working capital is also increasing. At the same time, in view of the fact that the company's raised funds are put into use step by step as planned, some of the raised funds will be temporarily idle during the investment period. Therefore, in order to improve the use efficiency of the company's raised funds, At the same time, to meet the capital needs of the expansion of the company's business scale, reduce the company's financial expenses, optimize the financial structure, and safeguard the interests of the company and shareholders. On the premise of ensuring the normal progress of the investment projects with raised funds, the company plans to postpone the return of idle raised funds of no more than RMB 100 million (including this amount) and continue to be used to supplement working capital temporarily, The service life is no more than 12 months from the original expiration date (April 7, 2022) (i.e. to April 7, 2023), and will be returned to the special account for raised funds at the expiration.
2. Supplementary income of current working capital
According to the current bank one-year loan market quotation interest rate (LPR) of 3.70%, the company uses some idle raised funds to temporarily supplement working capital, which is expected to save about 3.7 million yuan of financial expenses for the company. 3. Commitments related to this replenishment of working capital
The company's use of some idle raised funds to supplement the working capital temporarily is limited to the production and operation activities related to the company's main business, and will not be directly or indirectly used for high-risk investments such as securities investment and derivatives trading. There is no disguised change in the purpose of raised funds and damage to the interests of shareholders, nor will it affect the normal progress of investment projects with raised funds. The company guarantees to return the idle raised funds temporarily replenishing working capital to the special account for raised funds in time and in full after the expiration of the period. In order to ensure the normal progress of the project plan invested with raised funds, if the project needs to be invested with raised funds, the company will return the raised funds to the special account for raised funds in batches in advance.
4、 Review procedures and relevant opinions for implementation
1. Deliberations of the board of directors
The company held the first meeting of the Fourth Board of directors in 2022 on March 31, 2022, deliberated and approved the proposal on delaying the return of idle raised funds and continuing to be used to supplement working capital temporarily, and agreed that the company would postpone the return of idle raised funds of no more than RMB 100 million (including this amount) and continue to be used to supplement working capital temporarily on the premise of ensuring the normal operation of the investment projects with raised funds, The service life is from the original expiration date (2022)
