China Securities Co.Ltd(601066)
About Guangzhou Development Group Incorporated(600098)
Special verification report on the deposit and use of raised funds in 2021
China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) ” and “sponsor”) as a sponsor of Guangzhou Development Group Incorporated(600098) (hereinafter referred to as ” Guangzhou Development Group Incorporated(600098) ” or “company”) non-public offering of shares, In accordance with the measures for the administration of securities issuance and listing recommendation business, 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), and the stock listing rules of Shanghai Stock Exchange (revised in January 2022) The self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 – standardized operation and the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 11 – continuous supervision and other relevant provisions have verified the deposit and use of raised funds of Listed Companies in 2021, as follows:
1、 Basic information of raised funds
With the approval of the reply on approving Guangzhou Development Group Incorporated(600098) non-public Development Bank shares (zjxk [2021] No. 3475) issued by the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”), the company privately issued 817858967 A shares at an issue price of 6.43 yuan / share, raised 525883315781 yuan, and deducted 2053364619 yuan of issuance expenses (excluding value-added tax), The net amount of funds actually raised was 523829951162 yuan. The net amount of the above raised funds has been in place on December 16, 2021. Lixin Certified Public Accountants (special general partnership) (hereinafter referred to as “Lixin certified public accountants”) has verified the availability of funds raised from the non-public offering of A-Shares and issued the capital verification report (Xin Kuai Shi Bao Zi [2021] zc10485).
As of December 31, 2021, the balance of the company’s special deposit account for raised funds and its sub accounts was 455216810378 yuan (including the net interest income after deducting handling fees). The details are as follows:
Unit: Yuan
Project amount
Actually received raised funds 524031063040
Less: repayment of bank working capital loan 69000000000
Plus: interest income 185747338
As of December 31, 2021, the closing balance of the special account for raised funds was 455216810378
2、 Deposit, use and special account balance of raised funds
(I) management of raised funds
In order to standardize the management and use of the company’s raised funds and protect the legitimate rights and interests of investors, the company
According to the requirements of laws and regulations, the management system of raised funds has been formulated to change the storage, use and investment direction of raised funds
More specific and clear provisions have been made in terms of supervision and management.
During the reporting period, the company managed and used the raised funds in strict accordance with the provisions of the management system for the use of raised funds
The deposit, use and management of funds and raised funds do not violate the management of securities issuance and listing recommendation business
Measures, 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), listing rules of Shanghai Stock Exchange (revised in January 2022), Shanghai Stock Exchange
Self regulatory guidelines for listed companies on the stock exchange No. 1 – standardized operation and listing on the Shanghai Stock Exchange
The company’s self regulatory guidelines No. 11 – continuous supervision and other relevant provisions.
The company has deposited the raised funds in the special account for raised funds opened for this issuance. Company and Implementation
Guangzhou Gas Group Co., Ltd., Guangzhou Development Group Incorporated(600098) LNG Investment Co., Ltd., the subsidiaries of the raised investment project
Yuehai (Panyu) petrochemical storage and Transportation Development Co., Ltd. Guangzhou Development Group Incorporated(600098) Power Group Co., Ltd., Guangzhou Development
Zhanbaozhu energy station Co., Ltd. and Guangzhou Development Group Incorporated(600098) new energy Co., Ltd. have cooperated with the sponsor, deposit and raise
The commercial banks of the raised funds shall sign the tripartite supervision agreement on the storage of the special account for raised funds to jointly supervise the storage of the raised funds
Usage.
(II) storage of raised funds in special account
As of December 31, 2021, the storage of funds raised by non-public offering of the company is listed in the special account
As follows:
Balance of special account of the account holder’s bank account as of December 31, 2021 (yuan)
Guangzhou Development Group Incorporated(600098) group shares Industrial Bank Co.Ltd(601166) Guangzhou huanshidong sub branch 391050100100445718455216810378
Limited company China Construction Bank Corporation(601939) Guangdong Branch 440501863201 Shenzhen Centralcon Investment Holding Co.Ltd(000042) 90-
China Zheshang Bank Co.Ltd(601916) Guangzhou Branch 581 Ping An Bank Co.Ltd(000001) 0120100525918-
Guangzhou Gas Group Co., Ltd. China Zheshang Bank Co.Ltd(601916) Guangzhou Branch 581 Ping An Bank Co.Ltd(000001) 0120100528813-
Company China Zheshang Bank Co.Ltd(601916) Guangzhou Branch 581 Ping An Bank Co.Ltd(000001) 0120100528782-
China Zheshang Bank Co.Ltd(601916) Guangzhou Branch 581 Ping An Bank Co.Ltd(000001) 0120100529106-
Balance of special account of the account holder’s bank account as of December 31, 2021 (yuan)
China Zheshang Bank Co.Ltd(601916) Guangzhou Branch 581 Ping An Bank Co.Ltd(000001) 0120100528948-
China Zheshang Bank Co.Ltd(601916) Guangzhou Branch 581 Ping An Bank Co.Ltd(000001) 0120100529075-
Guangzhou Development Group Incorporated(600098) LNG China Merchants Bank Co.Ltd(600036) Guangzhou Branch
Investment Co., Ltd. 120920872810111-
Guangdong (Panyu) Petrochemical Guangfa Bank Co., Ltd. Guangzhou Branch Business Department
Industrial storage and Transportation Development Co., Ltd. 9550880066396100128-
Guangzhou Development Group Incorporated(600098) Power Group has China Construction Bank Corporation(601939) Guangdong Branch
Limited company 440501863201 Shenzhen Centralcon Investment Holding Co.Ltd(000042) 72-
Guangzhou Development Group Incorporated(600098) Baozhu energy station China Construction Bank Corporation(601939) Guangdong Branch
Ltd. 440501863201 Shenzhen Centralcon Investment Holding Co.Ltd(000042) 73-
Guangzhou Development Group Incorporated(600098) new energy Co., Ltd. Huaxia branch of Guangzhou Rural Commercial Bank Co., Ltd
Bank of limited 05871244 Shenzhen Fountain Corporation(000005) 832-
Note: the company will use the raised capital of RMB 690 million to repay on December 21, 2021 according to the situation of the projects raised and invested in this issuance
Industrial Bank Co.Ltd(601166) working capital loan.
(III) use of funds for projects invested with raised funds (hereinafter referred to as “projects invested with raised funds”)
As of December 31, 2021, the company’s investment projects with raised funds have used the raised funds accumulatively
RMB 690 million, of which: the company used the raised fund of RMB 690 million in 2021 for repayment
Industrial Bank Co.Ltd(601166) working capital loan. See attached table 1 of this report for the actual use of raised funds. 3、 Other information about the use of raised funds
(I) replacement of self raised funds invested in projects with raised funds in advance
As of December 31, 2021, the company has invested the raised investment projects and paid the issuance fee with self raised funds in advance
The funds used have not been transferred out.
(II) situation and effect of idle raised funds to supplement working capital
As of December 31, 2021, the funds raised by the company’s non-public offering of shares have not been raised with idle funds
Temporary replenishment of working capital.
(III) cash management of idle raised funds and investment in related products
As of December 31, 2021, the funds raised by the company’s non-public offering of shares do not have the right to idle raising
Cash management of funds.
(IV) use of over raised funds
As of December 31, 2021, the company has no over raised funds in this non-public offering.
(V) changing the use of funds for projects invested with raised funds
As of December 31, 2021, the company’s raised investment projects have not changed.
(VI) other information about the use of raised funds
As of December 31, 2021, the company has no other use of raised funds.
4、 Special verification opinions of Accountants on the annual storage and use of raised funds
Lixin Certified Public Accountants (special general partnership) believes that the special report on the deposit and use of raised funds in 6 Ningxia Zhongyin Cashmere Co.Ltd(000982) 021 is in accordance with the regulatory guidelines for listed companies No. 2 – regulatory requirements for the management and use of raised funds by listed companies (revised in 2022) (CSRC announcement [2022] No. 15) of China Securities Regulatory Commission in all major aspects The relevant provisions of the guidelines for self-regulation of listed companies of Shanghai Stock Exchange No. 1 – standardized operation and the Memorandum for daily information disclosure of listed companies No. 1 – Guidelines for the format of temporary announcement of Shanghai Stock Exchange truthfully reflect the deposit and use of raised funds in 6 Ningxia Zhongyin Cashmere Co.Ltd(000982) 021 in all major aspects.
5、 Main verification work of the recommendation institution
The sponsor representative checked the deposit and use of Guangzhou Development Group Incorporated(600098) raised funds and the implementation of the investment project with raised funds through data review, on-site inspection and other means. The main verification methods include consulting bank statements, financial vouchers, company announcements and other relevant reports and documents related to the raised funds.
6、 Verification opinions of the recommendation institution
Upon verification, China Securities Co.Ltd(601066) believes that the deposit and use of the raised funds of Guangzhou Development Group Incorporated(600098) 2021 comply with the measures for the administration of securities issuance and listing recommendation business, 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), the stock listing rules of Shanghai Stock Exchange (revised in January 2022) According to the relevant provisions of laws and regulations such as the guidelines for self regulation and supervision of listed companies on Shanghai Stock Exchange No. 1 – standardized operation and the guidelines for self regulation and supervision of listed companies on Shanghai Stock Exchange No. 11 – continuous supervision, the raised funds are stored in a special account
