Soochow Securities Co.Ltd(601555)
Verification opinions on the extension of Ife Elevators Co.Ltd(002774) raised investment project
Soochow Securities Co.Ltd(601555) (hereinafter referred to as " Soochow Securities Co.Ltd(601555) ") as the sponsor of Ife Elevators Co.Ltd(002774) (hereinafter referred to as "company", " Ife Elevators Co.Ltd(002774) ") initial public offering and listing of shares, in accordance with the measures for the administration of securities issuance and listing sponsorship business, the regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies, and the stock listing rules of Shenzhen Stock Exchange In accordance with the requirements of relevant laws, regulations and normative documents such as the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, carefully checked the extension of Ife Elevators Co.Ltd(002774) raised investment projects, and expressed the following opinions:
1、 Basic information of raised funds
With the approval of the reply on Ife Elevators Co.Ltd(002774) initial public offering of shares (zjxk [2017] No. 239) issued by the China Securities Regulatory Commission, Ife Elevators Co.Ltd(002774) (hereinafter referred to as "the company") publicly issued 83.7 million RMB common shares (A shares) to the public, with an issue price of RMB 6.10 per share and a total fund raised by issuing new shares of RMB 51.57 million, After deducting the issuance expenses of RMB 489714 million (including tax), the net amount of funds actually raised was RMB 4615986 million.
2、 Previous changes of raised funds and project delays
1. On September 29, 2017, the 17th meeting of the second board of directors and the 8th meeting of the second board of supervisors deliberated and approved the proposal on changing the implementation location and implementation mode of some raised investment projects. The implementation location of the "enterprise technology center construction project" is planned to be changed to Kaijian building, 428 Dongguan Avenue, Nancheng District, Dongguan City, The implementation mode is changed from self built technology center building to one-time purchase of two floors of the completed office building as the company's technology center.
2. On January 16, 2019, the eighth meeting of the third board of directors and the sixth meeting of the third board of supervisors considered and approved the proposal on the extension of some investment projects with raised funds, and agreed that the company would postpone and adjust the implementation progress of the "enterprise technology center construction project" of the investment project with raised funds in the initial public offering, The expected time for the project to reach the usable state will be extended from March 24, 2018 to June 30, 2020.
3. On February 13, 2020, the 19th meeting of the third board of directors and the 15th meeting of the third board of supervisors considered and approved the proposal on the change, termination and extension of some investment projects with raised funds, and agreed that the company would terminate the implementation of the "elevator core parts production line construction project", and the remaining raised funds of the project would be used to pay the purchase price of new plots in Qinghuang industrial zone and relevant taxes, The balance part shall be permanently supplemented with working capital; Adjust the investment scale of the funds raised from the "northern production and manufacturing center construction project" to 50.4 million yuan, and invest the remaining funds in the new project "Qinghuang industrial zone Ife Elevators Co.Ltd(002774) , escalator and core parts production line project (phase I)", which is mainly used for the construction of plant and escalator production line; The expected time of "elevator production expansion and transformation project", "enterprise technology center construction project" and "marketing service network upgrading project" to reach the usable state will be extended to March 31, 2022, June 30, 2022 and March 31, 2022 respectively.
For details, please refer to securities times, China Securities News, Shanghai Securities News, securities daily and cninfo.com（ http://www.cn.info.com.cn. ）Relevant announcements (Announcement No.: 2017056, 2019003, 2020005).
3、 Construction progress of projects invested with raised funds
As of February 28, 2022, the funds raised by the company have been deposited in the special accounts for funds raised by various banks as follows:
No. opening company opening bank account No. special account purpose closing balance
(10000 yuan)
1 Ife Elevators Co.Ltd(002774) shares Agricultural Bank Of China Limited(601288) Qingxi 4428700104
1 marketing service network promotion 449.63 sub branch level projects of Co., Ltd
2 Ife Elevators Co.Ltd(002774) shares Industrial And Commercial Bank Of China Limited(601398) Qingxi 201 Keli Motor Group Co.Ltd(002892) 9 868 elevator production expansion and reconstruction 102409 copies Co., Ltd. sub branch manufacturing project
3 Ife Elevators Co.Ltd(002774) shares Dongguan Rural Commercial 180010190010038892405.21 shares Bank of China Qingxi Sub Branch North manufacturing
Henan Zhongyuan express Dongguan Rural business center construction project
4. Qingxi sub branch of Yiyi Elevator Co., Ltd. 180010190010045855144.19 company
5 Ife Elevators Co.Ltd(002774) shares Industrial Bank Co.Ltd(601166) Dongguan 395 Tcl Technology Group Corporation(000100) 110 Guodian Nanjing Automation Co.Ltd(600268) elevator core parts construction project of branch production line of Co., Ltd. in March 2020 has been closed
6 Ife Elevators Co.Ltd(002774) shares China Merchants Bank Co.Ltd(600036) Dongguan 999009761210678 enterprise technology center construction 452.38 shares Co., Ltd. Qifeng sub branch construction project
Pleasure of Qinghuang Industrial Zone
7 Ife Elevators Co.Ltd(002774) shares Dongguan Rural Commercial 180010190010050129 elevator, escalator and nuclear 204346 Parts Co., Ltd. bank Qingxi sub branch core parts production line
Project (phase I)
Total 451897 (note)
Note: the difference in mantissa between the sum of total and each value is caused by the rounding of figures.
Balance of raised funds account
It does not include 190 million yuan of raised funds that have purchased financial products.
As of February 28, 2022, the use of the company's raised funds is shown in the following table:
Unit: 10000 yuan,%
No. commitment investment of raised funds of raised investment projects by the end of the period total progress investment by the end of the period (1) investment amount (2) (3) = (2) / (1)
1 elevator production expansion and reconstruction project 621289303122 48.79
2 North manufacturing center construction project 5040 Lingnan Eco&Culture-Tourism Co.Ltd(002717) 30 53.91
3. Enterprise technology center construction project 470650255837 54.36
4 marketing service network upgrade project 440729241838 54.87
5. Qinghuang industrial zone Ife Elevators Co.Ltd(002774) , escalator and
Core parts production line project (phase I 1842200555452 30.15)
Total 38788681627979 41.97
4、 Specific conditions and impact of the extension of the investment project with the raised funds
(I) details of the extension of the investment project with the raised funds
Affected by the global epidemic and other factors, the implementation of the company's fund-raising investment projects has been delayed compared with the original plan. After careful research, combined with the actual situation of the project construction and future business development planning, it is proposed to postpone the fund-raising investment projects. The changes before and after the date when each project reaches the expected usable state are as follows:
Project Name: the original plan is available for use, and the adjusted plan is available for use
Status date use status date
Elevator production expansion and reconstruction project March 31, 2022 March 31, 2024
North manufacturing center construction project March 31, 2022 September 30, 2023
Enterprise technology center construction project June 30, 2022 June 30, 2024
Marketing service network upgrade project March 31, 2022 March 31, 2024
Qinghuang industrial zone Ife Elevators Co.Ltd(002774) , escalator and core parts September 30, 2022 September 30, 2024
Piece production line project (phase I)
(II) impact and risk of the delay of the investment project with the raised funds
The postponement of the company's investment project with raised funds is a prudent decision made according to the actual construction situation of the project and the future business development plan. It only involves the change of the project implementation progress and will not have a substantive impact on the implementation of the investment project with raised funds. There is no situation of changing the investment direction of raised funds in a disguised manner and damaging the interests of the company and all shareholders, and will not have an adverse impact on the operation and financial status of the company, In line with the company's long-term development plan. The delay of the investment project with raised funds will not make the company face new risks or uncertainties, and the risks are controllable.
5、 The decision-making procedure for the extension of the investment project of the raised funds
Ife Elevators Co.Ltd(002774) (hereinafter referred to as "the company" or "the company") held the 7th Meeting of the 4th board of directors and the 6th meeting of the 4th board of supervisors on April 6, 2022, deliberated and adopted the proposal on the extension of investment projects with raised funds, and agreed that the company would "elevator production expansion and transformation project", "North production and manufacturing center construction project", "enterprise technology center construction project" "Marketing service network upgrading project" and "Qinghuang industrial zone Ife Elevators Co.Ltd(002774) , escalator and core parts production line project (phase I)" (hereinafter referred to as the "raised investment project") will be postponed according to the current implementation progress of the raised investment project without any change in the implementation subject, purpose and investment scale of the raised funds. The independent directors of the company expressed independent opinions and agreed to the changes of the above-mentioned raised investment projects.
This proposal does not involve the change of the purpose of the raised funds, and does not need to be submitted to the general meeting of shareholders for deliberation. It can be implemented after being approved by the board of directors.
6、 Verification opinions of the recommendation institution
1. The board of directors and the board of supervisors of the company have reviewed and approved the proposal on the extension of investment projects with raised funds, and the independent directors of the company have expressed their consent, which is in line with the articles of association, the measures for the administration of raised funds, the stock listing rules of Shenzhen Stock Exchange Regulations on the change procedures of raised investment projects, such as the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board;
2. The postponement of the company's raised investment project complies with the relevant provisions of the China Securities Regulatory Commission and Shenzhen Stock Exchange on the management of raised funds of listed companies. Adjusting the construction progress of the raised investment project according to the impact of the epidemic and the macroeconomic environment is in line with the interests of all shareholders of the company, making the use of the raised funds more in line with the company's strategic planning and development needs. The sponsor has no objection to the postponement of the company's raised investment project.
In conclusion, the sponsor has no objection to the extension of Ife Elevators Co.Ltd(002774) this raised investment project.
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(there is no text on this page, which is the seal page of Soochow Securities Co.Ltd(601555) verification opinions on the extension of Ife Elevators Co.Ltd(002774) raised investment project)
Signature of sponsor representative:
Feng Song, Chen Lei
