Securities code: Loctek Ergonomic Technology Corp(300729) securities abbreviation: Loctek Ergonomic Technology Corp(300729) Announcement No.: 2022033 bond Code: 123072 bond abbreviation: lege convertible bond
Loctek Ergonomic Technology Corp(300729)
Some projects invested with raised funds shall be implemented by borrowing from subsidiaries
Announcement on the implementation of change to capital increase to subsidiaries
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.
On April 11, 2022, Loctek Ergonomic Technology Corp(300729) (hereinafter referred to as “the company”) held the 39th meeting of the 4th board of directors, deliberated and adopted the proposal on changing the implementation of some raised investment projects from borrowing from subsidiaries to increasing capital from subsidiaries, It is agreed that the company will implement the raised investment project by providing interest free loans to the wholly-owned subsidiaries Guangxi lege smart home Co., Ltd. and Zhejiang lege Intelligent Drive Technology Co., Ltd. instead of using the raised funds to increase capital to the above subsidiaries.
After the capital increase, Guangxi lege smart home Co., Ltd. and Zhejiang lege Intelligent Drive Technology Co., Ltd. are still wholly-owned subsidiaries of the company. The details are as follows:
1、 Basic information of raised funds
According to the reply on Approving the registration of Loctek Ergonomic Technology Corp(300729) issuing shares to specific objects (zjxk [2021] No. 2380) issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC”) on July 15, 2021, the company issued 38716814 ordinary shares (A shares) to specific objects, with an issue price of 18.08 yuan per share and a total raised capital of 6999999712 yuan, After deducting various issuance expenses of 975822337 yuan, the net amount of raised funds is
69024177375 yuan. The above raised funds were transferred to the designated account of the company on September 28, 2021, and the availability of funds was verified by Lixin Certified Public Accountants (special general partnership). On September 29, 2021, Yuege Ergonomics Technology Co., Ltd. issued xksbz [2021] No. zf10936
Capital verification report of the company.
The details of the projects to be invested by the raised funds of the company are as follows:
No. project name proposed investment amount of raised funds (10000 yuan)
1 linear drive core technology product intelligent factory project 2940726
2 annual output of 150000 sets of intelligent linear drive products 5g + Intelligent factory technical transformation project 307946
3. Marketing R & D headquarters building construction project 1273693
4 public warehouse and independent station information system construction project 310313
5. Supplementary working capital 2069739
Total 6902418
2、 Overview of this adjustment
1. Scheme and implementation progress of providing loans to subsidiaries before this adjustment
Loctek Ergonomic Technology Corp(300729) (hereinafter referred to as “the company” or ” Loctek Ergonomic Technology Corp(300729) “) deliberated and adopted the proposal on investing the raised funds in the raised investment projects of wholly-owned subsidiaries by means of loans at the 34th meeting of the 4th board of directors and the 28th meeting of the 4th board of supervisors held on October 11, 2021. Considering the current business development strategy and the implementation progress of the fund-raising project, the company agreed to provide an interest free loan of 294072600 yuan to Ningbo lege smart home Co., Ltd. and 30794600 yuan to Zhejiang lege Intelligent Drive Technology Co., Ltd. to promote the implementation of the raised investment project. The above loan term shall not exceed 5 years from the date of loan issuance, and can be repaid in advance.
On November 26, 2021, the company held the 36th meeting of the 4th board of directors and the 30th meeting of the 4th board of supervisors, which respectively deliberated and adopted the proposal on changing some investment projects with raised funds, It is agreed to change the raised capital investment project “smart factory project of linear drive core technology products” originally implemented by Ningbo lege smart home Co., Ltd. to “smart factory project of linear drive core technology smart home products” implemented by Guangxi lege smart home Co., Ltd, The remaining raised funds of 293888600 yuan originally planned to be invested in the “smart factory project of linear drive core technology products” are all used for the construction of the “smart factory project of linear drive core technology smart home products”.
As of the date of this announcement, the company has not provided loans to Guangxi lege smart home Co., Ltd. and Zhejiang lege smart Drive Technology Co., Ltd.
2. Plan for capital increase to subsidiaries after this adjustment
The company plans to increase the capital of Guangxi lege smart home Co., Ltd. (hereinafter referred to as “Guangxi lege”) by 2938886 million yuan. All the capital increase is included in the capital reserve of Guangxi lege. After the capital increase is completed, Guangxi lege will still be a wholly-owned subsidiary of the company.
The company plans to increase the capital of Zhejiang lege Intelligent Drive Technology Co., Ltd. (hereinafter referred to as “lege intelligent drive”) by 307946 million yuan. All the capital increase is included in the capital reserve of lege intelligent drive. After the capital increase, lege intelligent drive is still a wholly-owned subsidiary of the company.
3. This capital increase does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
It shall be submitted to the general meeting of shareholders of the company for deliberation.
3、 Basic information of the capital increase object
1. Guangxi lege smart home Co., Ltd. (hereinafter referred to as “Guangxi lege”)
Company name: Guangxi lege smart home Co., Ltd
Registered address: Room 502, 5th floor, science and technology R & D building, moon cake Town, Hepu Industrial Park, Lianzhou Town, Hepu County, Beihai City, Guangxi Zhuang Autonomous Region
Enterprise type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person)
Registered capital: 100 million yuan
Date of establishment: February 25, 2021
Legal representative: Feng Bing
Business scope: general furniture manufacturing; Furniture sales; Smart home consumer equipment manufacturing; Sales of smart home consumer equipment; Manufacturing of micro and special motors and components; Manufacturing of cultural and office equipment; Production of class I medical devices; Sales of class I medical devices; Manufacturing of mechanical and electrical equipment; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Furniture spare parts production; Daily mask (non-medical) production; Manufacturing of electronic components and electromechanical components; Sporting goods manufacturing; Research and development of motor and its control system; Sales of mechanical equipment; Retail of medical masks; Wholesale of medical masks; Daily mask (non-medical) sales; Sales of class II medical devices; Wholesale of protective articles for medical staff; Furniture spare parts sales; Sales of micro and special motors and components; Sales of electronic components and electromechanical components and equipment; Wholesale of sporting goods and equipment; Retail of sporting goods and equipment; Sales of office supplies; Household goods sales; Research and development of household appliances; Sales of household appliances; Manufacturing of gas and liquid separation and purification equipment; Research and development of mechanical equipment; Development of artificial intelligence application software; Wholesale of kitchenware, sanitary ware and daily sundries; Research and development of kitchenware, sanitary ware and daily sundries; Retail of kitchenware, sanitary ware and daily sundries; Sanitary ware manufacturing; Manufacturing of sanitary ceramic products; Sanitary ware R & D (except for the projects that must be approved according to law, carry out business activities independently according to law with the business license): import and export of goods; Technology import and export (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments)
Equity structure: the company holds 100% equity of Guangxi lege
Financial position:
Unit: Yuan
March 31, 2022 December 31, 2021
Total assets 474847173913615212601
Total liabilities 3950337276529517712226
Net assets 79813446266797500375
Project year 20212022
Operating income 0
Net profit 183844251 -52499625
Note: the financial data of 2021 was audited by Lixin Certified Public Accountants (special general partnership); The financial data from January to March 2022 were unaudited.
2. Zhejiang lege Intelligent Drive Technology Co., Ltd. (hereinafter referred to as “lege intelligent drive”)
Company name: Zhejiang lege Intelligent Drive Technology Co., Ltd
Registered address: Science and Technology Park (Yujia Village), Jiangshan Town, Yinzhou District, Ningbo
Enterprise type: limited liability company (wholly owned by foreign-invested enterprise legal person)
Registered capital: 10 million yuan
Date of establishment: February 24, 2010
Legal representative: Sun haiguang
Business scope: general items: mechanical and electrical equipment manufacturing; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Furniture spare parts production; Furniture manufacturing; Daily mask (non-medical) production; Production of class I medical devices; Manufacturing of micro and special motors and components; Manufacturing of electronic components and electromechanical components; Household goods manufacturing; Sporting goods manufacturing; Research and development of motor and its control system; Sales of mechanical equipment; Sales of class I medical devices; Wholesale of medical masks; Retail of medical masks; Daily mask (non-medical) sales; Sales of class II medical devices; Wholesale of protective articles for medical staff; Furniture spare parts sales; Sales of micro and special motors and components; Sales of electronic components and electromechanical components and equipment; Wholesale of sporting goods and equipment; Retail of sporting goods and equipment; Sales of office supplies; Sales of household goods (except for items subject to approval according to law, carry out business activities independently according to law with business license). Licensed items: technology import and export; Import and export agency; Import and export of goods (for items that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business items shall be subject to the approval results).
Equity structure: the company holds 100% equity of music smart drive
Financial position:
Unit: Yuan
March 31, 2022 December 31, 2021
Total assets 4086182350563532925207
Total liabilities 3779266951161539896534
Net assets 30691539941993028673
Project year 20212022
Operating income 143730517294538562138
Net profit 787274231 -556950257
Note: the financial data of 2021 was audited by Lixin Certified Public Accountants (special general partnership); The financial data from January to March 2022 were unaudited.
4、 Purpose of this capital increase and its impact on the company
The use of raised funds to increase capital to Guangxi lege and lege intelligent drive, a wholly-owned subsidiary of the company, is conducive to ensuring the smooth implementation of the construction of raised investment projects, improving the use efficiency of raised funds, meeting the business development needs of the company, improving the profitability of the company, conforming to the use plan of raised funds, the development strategy and long-term plan of the company, and the interests of the company and all shareholders.
The increase of capital has no significant impact on the operating results of the company and the sources of the funds raised this year.
5、 Fund raising after this capital increase
