About Hunan Yussen Energy Technology Co.Ltd(002986)
Special verification opinions on the deposit and use of raised funds in 2021
Anxin Securities Co., Ltd. (hereinafter referred to as “Anxin securities” and “sponsor”) as a continuous supervision sponsor for the initial public offering and listing of Hunan Yussen Energy Technology Co.Ltd(002986) (hereinafter referred to as ” Hunan Yussen Energy Technology Co.Ltd(002986) ” or “company”), in accordance with the measures for the administration of securities issuance and listing sponsor business, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 13 – sponsor business In accordance with the requirements of relevant laws, regulations and normative documents such as the guidelines for self regulatory supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the deposit and use of funds raised by initial public offering of Hunan Yussen Energy Technology Co.Ltd(002986) 2021 were carefully checked. The verification results are as follows:
1、 Basic information of raised funds
(I) amount and receipt of raised funds
Approved by the reply on the approval of Hunan Yussen Energy Technology Co.Ltd(002986) initial public offering of shares (zjxk [2020] No. 520) of China Securities Regulatory Commission and approved by Shenzhen Stock Exchange, Hunan Yussen Energy Technology Co.Ltd(002986) made an initial public offering of 28.34 million RMB common shares (A shares) to the public in May 2020 at an issue price of 39.99 yuan per share, raising a total of 1133316600 yuan, The net amount of raised funds after deducting the issuance expenses is 1 billion yuan. The above raised funds have been verified by Tianjian Certified Public Accountants (special general partnership) and issued the capital verification report (tjy [2020] No. 2-17).
(II) deposit of raised funds in special accounts
According to the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, the company’s management system for raised funds and relevant laws and regulations, Hunan Yussen Energy Technology Co.Ltd(002986) the raised funds are stored in a special account, and together with the recommendation institution, they signed a separate agreement with Shanghai Pudong Development Bank Co.Ltd(600000) Changsha branch Huarong Xiangjiang Bank Co., Ltd. signed the tripartite supervision agreement on raised funds, and signed the quadripartite supervision agreement on raised funds with Huizhou Yuxin New Material Co., Ltd. and Industrial And Commercial Bank Of China Limited(601398) Huizhou Binhai sub branch on June 18, 2020, clarifying the rights and obligations of all parties. There is no significant difference between the aforesaid regulatory agreement and the model regulatory agreement of Shenzhen Stock Exchange, and the company has strictly followed and performed the raised funds.
As of December 31, 2021, the company has three special accounts for raised funds. The details of the deposit of raised funds are as follows:
Balance of raised funds in account number of deposit bank (10000 yuan)
Huarong Xiangjiang Bank Changsha Jinxing road sub branch 79020309 Shenzhen Properties & Resources Development (Group) Ltd(000011) 5681.45
Shanghai Pudong Development Bank Changsha Jingwanzi sub branch 660900788010 Shenzhen Quanxinhao Co.Ltd(000007) 28-
Industrial And Commercial Bank Of China Limited(601398) Huizhou Binhai sub branch 20080227292 Chongqing Sansheng Industrial Co.Ltd(002742) 94-
Total 1.45
Note: as of December 31, 2021, the above raised funds of the company have been used up according to the specified purposes, and the balance fund of Changsha jingwan sub branch of Shanghai Pudong Development Bank is 2152827 yuan, which will permanently supplement the working capital and close the account Industrial And Commercial Bank Of China Limited(601398) Huizhou Binhai sub branch has an account balance of 7003998 yuan, permanently replenishing working capital and closing the account; The balance interest of Changsha Jinxing road sub branch of Huarong Xiangjiang bank is 1449980 yuan, which has been permanently replenished with working capital and closed in January 2022.
(III) use and balance of raised funds
As of December 31, 2021, the use and balance of raised funds are as follows:
Project amount (10000 yuan)
Net initial public offering capital 10000000
Less: investment project expenditure of raised funds in 2020: 8064475
Plus: interest income in 2020 (excluding bank charges) 712.77
On December 31, 2020, the balance of the special account for raised funds was 2006802
Less: 2021272 in 2021
Plus: interest income in 2021 (deducting bank charges) 146.15
On December 31, 2021, the balance of the special account for raised funds was 1.45 yuan
2、 Actual use of raised funds this year
(I) comparison of the use of raised funds
In 2021, the company actually used the raised funds of RMB 2021272 million. See Schedule 1 comparison table of the use of raised funds for details.
(II) description on the change of investment direction of raised funds
In 2021, the company did not change the investment direction of raised funds.
(III) description of the difference between the actual total investment and the committed total investment of the project invested with raised funds
In 2021, there is no difference between the actual total investment of the company’s investment projects with raised funds and the total committed investment.
(IV) advance investment and replacement of investment projects with raised funds
In 2021, Hunan Yussen Energy Technology Co.Ltd(002986) there was no case of using raised funds to replace the early investment of raised investment projects.
(V) idle raised funds to supplement working capital
In 2021, Hunan Yussen Energy Technology Co.Ltd(002986) did not use idle raised funds to supplement working capital.
(VI) cash management and investment of idle raised funds in related products
On June 16, 2020, the company held the 10th meeting of the second board of directors and the 5th meeting of the second board of supervisors, which deliberated and approved the proposal on using part of the idle raised funds for cash management. At the same time, the company proposed to use the temporarily idle raised funds with an amount of no more than 200 million yuan for cash management after deliberation and approval at the first extraordinary general meeting of shareholders in 2020 held on July 3, 2020. Within the above limit, the funds can be used on a rolling basis, and the actual investment amount will be determined according to the actual raised funds. As of December 31, 2021, except for high interest deposits in the special account for raised funds, the company has not used idle raised funds for other cash management or investment related products.
3、 Problems in the use and disclosure of raised funds
In 2021, there were no major problems in the actual use and disclosure of Hunan Yussen Energy Technology Co.Ltd(002986) raised funds.
4、 Concluding comments on whether the deposit and use of raised funds of listed companies are in compliance. In 2021, the sponsor representative of the sponsor verified the deposit and use of Hunan Yussen Energy Technology Co.Ltd(002986) raised funds and the implementation of investment projects of raised funds through data review, on-site inspection, interview and communication. After verification, the sponsor believed that:
Hunan Yussen Energy Technology Co.Ltd(002986) the funds raised through IPO have been in accordance with the provisions of relevant laws, regulations and normative documents, such as the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the stock listing rules of Shenzhen Stock Exchange, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, And the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies and the Hunan Yussen Energy Technology Co.Ltd(002986) raised funds management system, which have carried out standardized management and use. The raised funds of the company are deposited in the special account determined by the board of directors for centralized management, and signed the raised funds supervision agreement with the sponsor and relevant banks; In 2021, the company did not use the raised funds in violation of regulations.
Appendix: 1. Comparison table of use of raised funds
Comparison table of use of raised funds
Year 2021
Prepared by: Hunan Yussen Energy Technology Co.Ltd(002986) unit: RMB 10000
The total amount of raised funds is 10000000, and the total amount of raised funds invested in this year is 2021272
Total amount of raised funds with changed purposes during the reporting period
The total amount of raised funds with changed purposes has been invested in the total amount of raised funds of 10085747
Cumulative proportion of total raised funds with changed purposes
Whether the committed investment project has raised funds, and whether the project has reached the expected level by the end of the current year after adjustment, and whether the project has reached the project feasibility in the current year
And over raised funds invested in the changed project total committed investment total investment amount cumulative investment amount investment progress (%)
(including partial changes) (1) (2) (3) = (2) / (1) major changes
Committed investment projects
150000 T / a maleic anhydride no 84 China High-Speed Railway Technology Co.Ltd(000008) 4 China Vanke Co.Ltd(000002) 0203578484832 101 01 December 2021 [note] [note] no
project
Committed investment project 84 China High-Speed Railway Technology Co.Ltd(000008) 4 China Vanke Co.Ltd(000002) 0203578484832 101 01
Subtotal
Supplementary working capital – 16 Ping An Bank Co.Ltd(000001) Shanghai Pudong Development Bank Co.Ltd(600000) 9.151600915 100 06 – N / a n / a no
Total -100 Ping An Bank Co.Ltd(000001) 00 China Vanke Co.Ltd(000002) 02127210085747 100.00 86 － – － －
The circumstances and reasons for not reaching the planned progress or expected income (by specific project) are not applicable
The description of major changes in the feasibility of the project is not applicable
The amount, purpose and progress of over raised funds are not applicable
The change of the implementation location of the project invested by raised funds is not applicable
The adjustment of the implementation mode of the project invested by raised funds is not applicable
