Securities code: Si-Tech Information Technology Co.Ltd(300608) securities abbreviation: Si-Tech Information Technology Co.Ltd(300608) Announcement No.: 2022035 bond Code: 123054 bond abbreviation: site convertible bond
Si-Tech Information Technology Co.Ltd(300608)
Announcement on temporarily replenishing working capital with some idle raised funds
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.
Si-Tech Information Technology Co.Ltd(300608) (hereinafter referred to as "the company" or " Si-Tech Information Technology Co.Ltd(300608) ") held the 25th meeting of the third board of directors and the 22nd Meeting of the third board of supervisors on April 6, 2022, deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company planned to use idle raised funds of no more than RMB 100 million to temporarily supplement working capital, For the production and operation related to the company's main business, the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors, and shall be returned to the special account for raised funds before the expiration date. The details are announced as follows:
1、 Basic information of raised funds
Approved by the reply on approving Si-Tech Information Technology Co.Ltd(300608) public issuance of convertible corporate bonds (zjxk [2020] No. 590) of China Securities Regulatory Commission, the company publicly issued 2.71 million convertible corporate bonds on June 10, 2020, with a face value of 100 yuan each and a period of 6 years, with a total raised capital of 271000000 yuan, After deducting the underwriting recommendation fee and other issuance expenses (excluding tax) of RMB 917650943, the net amount of funds actually raised is RMB 26182349057. The above raised funds were in place on June 16, 2020 and have been verified by Lixin Certified Public Accountants (special general partnership) and issued the verification report (xksbz [2020] No. zb1147). The company has stored the above raised funds in a special account and signed the tripartite supervision agreement on raised funds.
2、 Use of raised funds
As of December 31, 2021, the funds and use progress of the company's investment projects with raised funds are as follows:
Unit: 10000 yuan
S / n project name total amount of accumulated investment committed by raised funds
1 5g support and ecological operation system 1999500751443
2 AI technology and application 210500 608.56
3. Supplementary working capital 408235
Total 26182351220534
As of December 31, 2021, the balance of the special account for raised funds was 301522 million yuan (including interest, etc.). As the construction of the raised investment project needs a certain period, according to the use plan of the raised funds and the construction progress of the investment project, the raised funds are idle in the short term at this stage.
3、 Replenishment of working capital and return of previously raised funds
The 19th meeting of the third board of directors and the 17th meeting of the third board of supervisors were held on June 1, 2021. The proposal on using some idle raised funds to temporarily supplement working capital was deliberated and adopted, and it was agreed that the company plans to use no more than RMB 110 million of idle raised funds to temporarily supplement working capital for production and operation related to the company's main business, The term of use shall not exceed 12 months from the date of deliberation and approval by the board of directors, and shall be returned to the special account for raised funds before the expiration date.
As of March 30, 2022, the company has returned all the raised funds of RMB 110 million for temporary replenishment of working capital to the special account for raised funds of the company, with a service life of no more than 12 months. For details, please refer to cninfo (www.cn. Info. Com. CN.) published by the company on March 30, 2022 Announcement on early return of raised funds (Announcement No.: 2022018). 4、 Basic information of temporarily replenishing working capital with some idle raised funds
(I) the plan of temporarily replenishing working capital by using some idle raised funds this time
In view of the company's development needs, in order to improve the use efficiency of raised funds, reduce financial costs and meet the company's working capital needs, on the premise of ensuring the construction capital needs of investment projects with raised funds, according to the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies According to the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 - standardized operation of GEM listed companies and the company's measures for the administration of the use of raised funds, the company plans to use idle raised funds of no more than 100 million yuan to temporarily supplement working capital for production and operation related to the company's main business, and the service life shall not exceed 12 months from the date of deliberation and approval of this board of directors, It will be returned to the special account for raised funds before the due date.
(II) rationality and necessity of using some idle raised funds to temporarily supplement working capital
As the investment project with raised funds needs a certain period, the project funds will be gradually invested in stages and batches according to the actual progress of the project. According to the current use plan of raised funds and the construction progress of investment projects, it is expected that some of the raised funds will remain idle in the next 12 months. At the same time, according to the company's operation, the company's demand for working capital increases. In order to improve the use efficiency of raised funds, reduce the company's financial expenses, meet the company's production and operation needs for daily working capital, improve the company's economic benefits and maximize the interests of the company's shareholders, combined with the company's production and operation needs and financial situation, the company plans to use some idle raised funds of 100 million yuan to supplement working capital temporarily, The term of use shall not exceed 12 months from the date of deliberation and approval by the board of directors, and shall be returned to the special account for raised funds upon expiration.
According to the calculation of the company's idle loan cost (LPR) of 3.85 million yuan in the current year, the company can only reduce the financial cost of the current period according to the estimated market interest rate of 3.85 million yuan.
The company's use of some idle raised funds to temporarily supplement working capital meets the following conditions:
1. It will not change the purpose of the raised funds in a disguised form or affect the normal progress of the investment projects of the raised funds;
2. The time of single replenishment of working capital does not exceed 12 months;
3. It is limited to the production and operation related to the main business, and will not use the idle raised funds directly or indirectly for high-risk investments such as securities investment and derivatives trading.
5、 Approval procedures to be performed
(I) deliberations of the board of directors
On April 6, 2022, the company held the 25th meeting of the third board of directors, deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company plans to use idle raised funds of no more than RMB 100 million to temporarily supplement working capital for production and operation related to the company's main business, with a service life of no more than 12 months from the date of deliberation and approval of this board of directors, It will be returned to the special account for raised funds before the due date.
(II) opinions of independent directors
After review, we believe that the company has fulfilled the necessary procedures to temporarily supplement working capital with idle raised funds of no more than RMB 100 million, which is in line with the regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies issued by the CSRC Relevant provisions of the guidelines for self discipline supervision of Shenzhen Securities Exchange listed companies No. 2 - standardized operation of GEM listed companies and the company's measures for the administration of the use of raised funds; In line with the actual situation of the company's daily production and operation, it is conducive to improving the use efficiency of raised funds, reducing financial costs, optimizing financial structure, safeguarding the interests of the company and investors, will not affect the normal implementation of the construction of investment projects with raised funds, and there is no situation of changing the investment direction of raised funds in a disguised manner and damaging the interests of shareholders.
Therefore, we unanimously agree that the company plans to use the idle raised funds of no more than RMB 100 million to temporarily supplement the working capital for the production and operation related to the company's main business. The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors, and will be returned to the special account for raised funds before the expiration date.
(III) deliberation of the board of supervisors
On April 6, 2022, the company held the 22nd Meeting of the third board of supervisors, deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company plans to use no more than RMB 100 million idle raised funds to temporarily supplement working capital for production and operation related to the company's main business, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors, It will be returned to the special account for raised funds before the due date.
(IV) verification opinions of the recommendation institution
1. Si-Tech Information Technology Co.Ltd(300608) the proposed use of idle raised funds of no more than 100 million yuan to temporarily supplement working capital has been deliberated and approved at the 25th meeting of the third board of directors and the 22nd Meeting of the third board of supervisors. The independent directors of the company have expressed their consent and performed the necessary deliberation procedures, which is in line with the provisions of relevant laws, regulations and company systems.
2. Si-Tech Information Technology Co.Ltd(300608) this time, it is planned to use no more than 100 million yuan of idle raised funds to temporarily supplement working capital, which is limited to the production and operation related to the main business. There is no change in the purpose of raised funds in a disguised manner, which will not affect the normal progress of investment projects of raised funds, meet the needs of the company's business development, improve the use efficiency of raised funds, reduce financial costs, and do not harm the interests of the company's shareholders.
To sum up, the recommendation institution has no objection to Si-Tech Information Technology Co.Ltd(300608) the proposed use of no more than 100 million yuan of idle raised funds to temporarily supplement working capital.
5、 Documents for future reference
1. Resolutions of the 25th meeting of the third board of directors of the company;
2. Resolutions of the 22nd Meeting of the third board of supervisors of the company;
3. Independent opinions of the company's independent directors on matters related to the 25th meeting of the third board of directors; 4. Verification opinions of Caixin Securities Co., Ltd. on Si-Tech Information Technology Co.Ltd(300608) using some idle raised funds to temporarily supplement working capital.
It is hereby announced.
Si-Tech Information Technology Co.Ltd(300608) board of directors April 8, 2022
