Securities code: Chahua Modern Housewares Co.Ltd(603615) securities abbreviation: Chahua Modern Housewares Co.Ltd(603615) Announcement No.: 2022027 Chahua Modern Housewares Co.Ltd(603615)
About reducing the non-public offering of A-Shares in 2021
Announcement of total raised funds
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents The fourth meeting of the Fourth Board of directors and the third meeting of the Fourth Board of supervisors of Chahua Modern Housewares Co.Ltd(603615) (hereinafter referred to as “the company” or ” Chahua Modern Housewares Co.Ltd(603615) “) deliberated and approved the proposal on reducing the total amount of funds raised by non-public development of A-Shares in 2021, and decided to reduce the total amount of funds raised by non-public issuance of A-Shares in 2021 from “no more than 400 million yuan” to “no more than 380 million yuan”. The details of the adjustment of the total amount of funds raised by the company’s non-public offering of A-Shares are announced as follows:
1、 Amount and purpose of original raised funds
The total amount of funds raised in this non-public offering shall not exceed 400 million yuan, which shall be used for the following items after deducting the issuance expenses:
The total investment of the project is planned to be invested in the raised funds
Project name implementation subject
(10000 yuan) amount (10000 yuan)
Camellia household plastic products
24,713 19,182
Degradable plastic products production base (lianjiang) Co., Ltd
Construction project Camellia modern household products
10,287 8,818
(Chuzhou) Co., Ltd
Supplementary working capital project Chahua Modern Housewares Co.Ltd(603615) 12000
Total 47 Xj Electric Co.Ltd(000400) 00
If the actual net amount of raised funds (after deducting the issuance expenses) is less than the total amount of raised funds to be invested in the above-mentioned projects, within the finally determined scope of this raised investment project, the company will adjust and finally determine the specific investment projects, priorities and specific investment amount of each project of the raised funds according to the actual net amount of raised funds and the priorities of the projects, and the insufficient part of the raised funds shall be raised by the company itself.
Before the funds raised from this non-public offering are in place, the company will invest in advance with self raised funds according to the actual progress of the raised investment project. After the raised funds are in place, the company will replace the funds invested in the early stage with the raised funds.
2、 Adjusted amount and purpose of raised funds
The total amount of funds raised in this non-public offering shall not exceed 380 million yuan, which shall be used for the following items after deducting the issuance expenses:
The total investment of the project is planned to be invested in the raised funds
Project name implementation subject
(10000 yuan) amount (10000 yuan)
Camellia household plastic products
24,713 19,182
Degradable plastic products production base (lianjiang) Co., Ltd
Construction project Camellia modern household products
10,287 8,818
(Chuzhou) Co., Ltd
Supplementary working capital project Chahua Modern Housewares Co.Ltd(603615) 10000
Total 4500038000
If the actual net amount of raised funds (after deducting the issuance expenses) is less than the total amount of raised funds to be invested in the above-mentioned projects, within the finally determined scope of this raised investment project, the company will adjust and finally determine the specific investment projects, priorities and specific investment amount of each project of the raised funds according to the actual net amount of raised funds and the priorities of the projects, and the insufficient part of the raised funds shall be raised by the company itself.
Before the funds raised from this non-public offering are in place, the company will invest in advance with self raised funds according to the actual progress of the raised investment project. After the raised funds are in place, the company will replace the funds invested in the early stage with the raised funds.
3、 Reasons for reducing the total amount of raised funds
Six months before the resolution date of the board of directors of this non-public offering (December 14, 2021), the company has invested and plans to invest in Wuxi Zhengji Dingxiang phase III venture capital partnership (limited partnership), with a cumulative investment of RMB 20 million, which is a financial investment of the company. According to relevant regulations, the company decided to make corresponding adjustment to the amount of the raised funds in this offering by reducing the total amount of the raised funds from “not more than 400000000 yuan” to “not more than 380million yuan” after deliberation and approval at the fourth meeting of the Fourth Board of directors held on april132022.
The second extraordinary general meeting of shareholders in 2021 held by the company on December 30, 2021 has deliberated and approved the proposal on requesting the general meeting of shareholders to authorize the board of directors to fully handle matters related to the non-public issuance of shares. According to the authorization of the general meeting of shareholders, the reduction of the total amount of funds raised by the non-public issuance of A-Shares in 2021 does not need to be submitted to the general meeting of shareholders of the company for deliberation.
In response to the above adjustments, the company has prepared the plan for non-public development of A-Shares in Chahua Modern Housewares Co.Ltd(603615) 2021 (Revised Version) and the feasibility analysis report on the use of funds raised by non-public development of A-Shares in Chahua Modern Housewares Co.Ltd(603615) 2021 (Revised Version). For details, see the relevant announcement published on the website of Shanghai Stock Exchange on the same day.
It is hereby announced.
Chahua Modern Housewares Co.Ltd(603615) board of directors
April 14, 2022
