Securities code: Ife Elevators Co.Ltd(002774) securities abbreviation: Ife Elevators Co.Ltd(002774) Announcement No.: 2022021
Announcement on the extension of investment projects with 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.
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. 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. The specific matters are hereby announced as follows:
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 shares of RMB common shares (A shares) to the public, with an issue price of RMB 6.10 per share and a total amount of funds raised by issuing new shares of RMB 51057000000, After deducting the issuance expenses of RMB 4897144700 (including tax), the net amount of funds actually raised is RMB 46159855300. On March 21, 2017, it was verified by Daxin Certified Public Accountants (special general partnership) and issued the capital verification report (daxinyz [2017] No. 500006), confirming that the raised funds have arrived in the account.
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 adopted the proposal on changing the implementation place and implementation method of some raised investment projects
The implementation location of “industrial technology center construction project” is proposed to be changed to Kaijian building, No. 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, 2021, 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 180010190010038892 North manufacturing 405.21 shares Co., Ltd. bank Qingxi sub branch heart construction project
Henan Zhongyuan express Dongguan Rural commerce
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 March 2020
Branch production line construction project of the branch of the company has been closed
Dongguan Technology Center
Project of Qifeng sub branch of Co., Ltd
Pleasure of Qinghuang Industrial Zone
7 Ife Elevators Co.Ltd(002774) shares Dongguan Rural Commercial 180010190010050129 elevators, escalators and nuclear 204346
Bank of China Qingxi sub branch Xinxin parts production line Co., Ltd
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 construction progress of the company’s investment projects with raised funds is shown in the table below:
Unit: 10000 yuan
Commitment of raised funds by the end of the period cumulative investment progress by the end of the period (%) No. of investment projects of raised funds
Total investment (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 upgrading project 440729241838 54.87%
5. Qinghuang industrial zone Ife Elevators Co.Ltd(002774) , escalator and
Core parts production line project (I 1842200555452 30.15% phase)
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 study, combined with the actual situation of the project construction and the future business development plan, it is proposed to invest the raised funds
The project will be postponed, and the conditions before and after the date when each project reaches the expected usable state are as follows:
The original plan can be used as scheduled, and the adjusted plan can be used as scheduled
entry name
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 September 30, 2022 September 30, 2024
Parts 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、 Description of special opinions
(I) opinions of independent directors
The independent directors of the company have expressed independent opinions on the proposal. The independent directors of the company believe that the extension of the investment project of raised funds this time is conducive to improving the use efficiency and safety of raised funds, in line with the actual development needs of the company and the interests of the company and all shareholders, and the content and procedures are in line with the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board Articles of association, management system of raised funds of the company and other relevant provisions.
Therefore, we agree to extend the construction period of the project invested with raised funds.
(II) opinions of the board of supervisors
After deliberation, the board of supervisors believes that the extension of the company’s investment projects with raised funds this time is conducive to improving the efficiency and safety of the use of raised funds, in line with the actual development needs of the company and the interests of the company and all shareholders, and the contents and procedures comply with the articles of association, the management system of raised funds and other relevant provisions. Therefore, it is agreed to extend the construction period of the project invested with raised funds.
(III) opinions of the recommendation institution
Soochow Securities Co.Ltd(601555) issued the verification opinions of Soochow Securities Co.Ltd(601555) on the extension of Ife Elevators Co.Ltd(002774) raised investment project. After verification, Soochow Securities Co.Ltd(601555) believes that:
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 and the listing regulations of Shenzhen stock exchange
