Securities code: Hunan Aihua Group Co.Ltd(603989) securities abbreviation: Hunan Aihua Group Co.Ltd(603989) Announcement No.: 2022027 convertible bond Code: 113504 convertible bond abbreviation: Aihua convertible bond
Hunan Aihua Group Co.Ltd(603989)
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 announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
In accordance with 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) issued by the China Securities Regulatory Commission, the guidelines for the self discipline supervision of listed companies of Shanghai Stock Exchange No. 1 - standardized operation and other relevant regulations and relevant format guidance requirements issued by the Shanghai Stock Exchange, The deposit and actual use of the raised funds of Hunan Aihua Group Co.Ltd(603989) (hereinafter referred to as "the company") in 2021 are reported as follows:
1、 Basic information of raised funds
(I) actual amount of raised funds and availability of funds
Approved by the reply on approving Hunan Aihua Group Co.Ltd(603989) public issuance of convertible corporate bonds (zjxk [2017] No. 2350) of China Securities Regulatory Commission, the company publicly issued 6910000 convertible corporate bonds (hereinafter referred to as "convertible bonds") to the public on March 2, 2018, with an issue price of 100 yuan / piece, a total raised capital of 69100000000 yuan and a term of 6 years, After deducting the issuance fee of 1393028302 yuan, the company actually raised 67706971698 yuan net. All the above raised funds were in place on March 8, 2018. The company has opened a special account for the raised funds as required, and signed a supervision agreement for the raised funds with the sponsor and the bank storing the raised funds. Tianzhi International Certified Public Accountants (special general partnership) verified the availability of funds raised by the company's convertible corporate bonds on March 12, 2018, and issued the capital verification report (Tianzhi Zi [2018] No. 8274).
(II) use and balance of raised funds
The company has accumulated 49161701868 yuan of raised funds in previous years, including 6060800000 yuan of self raised funds invested in the upgrading and production expansion project of lead-in aluminum electrolytic capacitor in advance, 368440000 yuan of self raised funds invested in the expansion project of ox horn aluminum electrolytic capacitor in advance, 168320000 yuan of self raised funds invested in the production project of laminated chip solid aluminum electrolytic capacitor in advance Replace the self raised fund of 4441470000 yuan invested in the expansion project of Xinjiang medium and high voltage foil production line in advance, 25017594206 yuan for the upgrading and expansion project of lead-in aluminum electrolytic capacitor, 2664898493 yuan for the expansion project of ox horn aluminum electrolytic capacitor, 140885157 yuan for the production project of laminated chip solid aluminum electrolytic capacitor and 10299294012 yuan for the expansion project of Xinjiang medium and high voltage foil production line. The accumulated financial management and interest income of the special account for raised funds is 3895355891 yuan, and the accumulated bank handling fee and account management fee are 1895254 yuan. As of December 31, 2020, the balance of the company's special account for raising funds through public issuance of convertible bonds was 938730481 yuan, and the balance of purchasing bank financial products was 21500000000 yuan, with a total balance of 22438730481 yuan.
In 2021, the company actually used 7922521423 yuan of raised funds, including 1099999167 yuan for lead-in aluminum electrolytic capacitor upgrading and expansion project, 6794107256 yuan for ox horn aluminum electrolytic capacitor expansion project, 5820000 yuan for laminated chip solid-state aluminum electrolytic capacitor and 22595000 yuan for Xinjiang medium and high voltage chemical foil production line expansion project; In 2021, the company's special account for raised funds received interest income of 6536627 yuan, financial income of 373865043 yuan, bank handling fee and account management fee of 337065 yuan, and the balance of raised funds was transferred to the company's settlement account to permanently supplement working capital of 3318732276 yuan..
As of December 31, 2021, the company has actually used 57084223291 yuan of raised funds, including 6060800000 yuan of self raised funds for replacement of lead-in aluminum electrolytic capacitor upgrading and production expansion projects invested in advance, 368440000 yuan of self raised funds for replacement of horn aluminum electrolytic capacitor production expansion projects invested in advance, 168320000 yuan of self raised funds for replacement of laminated chip solid aluminum electrolytic capacitor production projects invested in advance Replace the self raised funds of 4441470000 yuan invested in the expansion project of Xinjiang medium and high voltage foil production line in advance, 26117593373 yuan for the upgrading and expansion project of lead-in aluminum electrolytic capacitor, 9459005749 yuan for the expansion project of ox horn aluminum electrolytic capacitor, 146705157 yuan for the production project of laminated chip solid aluminum electrolytic capacitor, and 10321889012 yuan for the expansion project of Xinjiang medium and high voltage foil production line. The special account for raised funds has accumulated 4275757560 yuan of financial management and interest income, 2232319 yuan of bank charges and account management fees, and the balance of raised funds has been transferred to the company's settlement account to permanently supplement working capital of 3318732276 yuan..
As of December 31, 2021, the balance of the company's special account for raising funds through public issuance of convertible bonds was 577483021 yuan, and the balance of purchasing bank financial products was 11000000000 yuan, with a total balance of 11577483021 yuan. 2、 Management of raised funds
(I) management of raised funds
In order to standardize the management and use of the raised funds, improve the efficiency and efficiency of the use of funds and protect the rights and interests of investors, the company shall comply with the company law of the people's Republic of China, the securities law of the people's Republic of China and the guidelines for the supervision of listed companies
No. 2 - regulatory requirements for the management and use of raised funds by listed companies, stock listing rules of Shanghai Stock Exchange, self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 - standardized operation and other relevant laws, regulations and
In accordance with the provisions of normative documents and in combination with the actual situation of the company, the Hunan Aihua Group Co.Ltd(603989) fund raising
Fund management system for the deposit and use of raised funds, project implementation management, change and use of investment projects
The supervision of the situation is stipulated.
(II) tripartite supervision agreement of raised funds
According to the requirements of Shanghai Stock Exchange and relevant regulations, the company implements a special account for the raised funds and establishes a bank
The special account for raised funds, together with the recommendation institution Ping An Securities Co., Ltd., respectively and
Agricultural Bank Of China Limited(601288) Yiyang branch business department, Ping An Bank Co.Ltd(000001) Beijing Financial Street Holdings Co.Ltd(000402) sub branch, Bank Of China Limited(601988) Yiyang taohualun sub branch, Industrial And Commercial Bank Of China Limited(601398) Yincheng sub branch and Jiaotong branch
Yiyang branch business department of Tong Bank Co., Ltd. signed the "special deposit account for raised funds" on the raised funds of convertible bonds
The three party supervision agreement on the storage of oil and gas defines the rights and obligations of all parties. Tripartite supervision agreement and tripartite supervision agreement of Shanghai Stock Exchange
There is no significant difference in the model regulatory agreement, and the tripartite regulatory agreement has been effectively implemented.
(III) storage of raised funds in special account
As of December 31, 2021, the specific deposits of funds raised by public issuance of convertible corporate bonds in 2018 are as follows:
Unit: RMB
Deposit bank bank account number account type storage balance financial product balance
The raised funds of China Agricultural Bank Of China Limited(601288) Co., Ltd. have been cancelled
Company Yiyang branch business department 1849 Saic Motor Corporation Limited(600104) 006511 special account
Ping An Bank Co.Ltd(000001) raised funds have been cancelled
Beijing Financial Street Holdings Co.Ltd(000402) sub branch 15000091464751 special account
Bank Of China Limited(601988) raised funds have been cancelled
Yiyang taohualun sub branch 584671776193 special account
Funds raised by China Stock Co., Ltd
Company Yincheng sub branch 1912032029200190888 special account 57748302111000000000
Bank Of Communications Co.Ltd(601328) raised funds have been cancelled
Yiyang Branch Sales Department 43989991 Fawer Automotive Parts Limited Company(000030) 66748 special account
Total 57748302111000000000
In order to improve the use efficiency of the raised funds, the company used some temporarily idle raised funds to purchase principal guaranteed financial management. As of December 31, 2021, the balance was RMB 11000000000.
3、 Actual use of raised funds in 2021
(I) comparison table of use of raised funds
See the attached table of this report for the comparison table of the use of raised funds.
(II) advance investment and replacement of investment projects with raised funds
The company had no advance investment and replacement of investment projects with raised funds in 2021.
(III) permanent replenishment of working capital with raised funds
The company has held the 18th meeting of the 4th board of directors, the 17th meeting of the 4th board of supervisors and the 2020 annual general meeting of shareholders on April 1, 2021 and April 27, 2021 respectively, deliberated and approved the proposal on the closing of investment projects funded by the raised funds of some convertible corporate bonds of the company and permanently replenishing the remaining raised funds with working capital, and agreed that the company will upgrade and expand the "Lead-in aluminum electrolytic capacitor project" The balance of the raised funds (including the balance of the raised funds account including interest income) of the "Xinjiang medium and high voltage chemical foil production line expansion project" is used to permanently supplement the working capital. As of December 31, 2021, the company's "Lead-in aluminum electrolytic capacitor upgrading and production expansion project" and the subsidiary Xinjiang Rongze aluminum foil manufacturing Co., Ltd. "Xinjiang medium and high voltage foil production line production expansion project" convertible corporate bond fund-raising account, the actual balance of the fund-raising amount after the completion of the fund-raising project is 3318605323 yuan, which has been transferred to the company's settlement account to permanently supplement the working capital.
The "ox horn aluminum electrolytic capacitor production expansion project" was concluded in September 2021. The balance of the project raised funds was 126953 yuan, which was 5% lower than the net amount of the project raised funds. The company decided to permanently supplement the balance of the raised funds with working capital. According to relevant regulations, the matter is exempted from the review procedure. As of December 31, 2021, the actual balance of the raised fund of "ox horn aluminum electrolytic capacitor expansion project" was 126953 yuan, which has been transferred to the company's settlement account to permanently supplement the working capital.
The above special accounts for raised funds have completed the cancellation procedures, and the supervision agreement corresponding to the above accounts has been terminated accordingly.
(IV) description of using idle raised funds to purchase bank financial products
After deliberation at the 18th meeting of the Fourth Board of directors and the 17th meeting of the Fourth Board of supervisors on April 1, 2021, and approved by the 2020 annual general meeting of shareholders held on April 27, 2021, it is agreed that the company, in order to improve the efficiency of fund use and make rational use of idle raised funds, without affecting the normal implementation progress of the company's fund-raising projects, It is agreed that the company will use idle raised funds with a total amount of no more than 200 million yuan to purchase low-risk and principal guaranteed financial products with a term of no more than 12 months, which will be valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. Within the validity period of the above quota and resolution, the funds can be used on a rolling basis.
4、 Change the use of funds for investment projects with raised funds
The investment project of the company's raised funds in 2021 has not been changed, nor has it been transferred or replaced.
5、 Problems in the use and disclosure of raised funds
The board of directors of the company believes that the company has been timely, true and accurate in accordance with the relevant provisions of the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies (revised in 2022) issued by the CSRC and the guidelines for the self discipline supervision of listed companies of Shanghai Stock Exchange No. 1 - standardized operation issued by the Shanghai Stock Exchange The company has completely disclosed the storage and actual use of the raised funds of the company, and there is no violation of the management of the raised funds. The company has faithfully fulfilled its obligation to disclose the investment direction and progress of the raised funds.
Appendix: comparison table of the use of funds raised by public issuance of convertible corporate bonds in 2018 in 2021
Hunan Aihua Group Co.Ltd(603989)
