China Industrial Securities Co.Ltd(601377)
About Elite Color Environmental Resources Science&Technology Co.Ltd(002998)
Verification opinions on the deposit and use of raised funds in 2021
China Industrial Securities Co.Ltd(601377) (hereinafter referred to as " China Industrial Securities Co.Ltd(601377) " or "recommendation institution") as a recommendation institution for initial public offering and listing of Elite Color Environmental Resources Science&Technology Co.Ltd(002998) (hereinafter referred to as " Elite Color Environmental Resources Science&Technology Co.Ltd(002998) " or "company"), in accordance with the administrative measures for recommendation business of securities issuance and listing According to the requirements of relevant laws, regulations and normative documents such as 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 guidelines for the self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board, a special verification was conducted on the deposit and use of raised funds in Elite Color Environmental Resources Science&Technology Co.Ltd(002998) 2021. The verification results and opinions are as follows:
1、 Basic information of raised funds
1. Actual amount of raised funds and arrival time of funds
Elite Color Environmental Resources Science&Technology Co.Ltd(002998) with the approval of the reply on the approval of Elite Color Environmental Resources Science&Technology Co.Ltd(002998) initial public offering of shares (zjxk [2020] No. 1309) issued by China Securities Regulatory Commission, 81599600 ordinary shares (A shares) in RMB were issued to the public, with a par value of 1.00 yuan per share, an issue price of 5.85 yuan per share and a total raised capital of 47735766000 yuan, After deducting the amount excluding tax of RMB 4582129924 from the issuance expenses, the net amount of the raised funds is RMB 43153636076. All the above funds were in place on September 22, 2020, verified by Dahua Certified Public Accountants (special general partnership) and issued Dahua Yan Zi [2020] No. Addsino Co.Ltd(000547) capital verification report.
The company has adopted a special account for the raised funds and signed a tripartite supervision agreement with the sponsor and the deposit bank.
2. Use and balance of raised funds
As of December 31, 2021, the company has invested 40570373637 yuan in the raised funds projects. As of December 31, 2021, the balance of the special account for raised funds is 15824479 yuan.
During the reporting period, the use and balance of raised funds are as follows:
Project amount (RMB)
The total amount of actually raised funds is 47735766000
Less: payment of issuance fee 4582129924
Project amount (RMB)
Net proceeds 43153636076
Less: purchase of products in the form of 55248752678 deposits such as call deposits, agreed deposits and time deposits with idle raised funds
Plus: products in the form of 52393752678 deposits such as call deposits, agreed deposits and time deposits purchased with idle raised funds are redeemed at maturity
Plus: interest income from the purchase of products in the form of 119691022 deposits such as call deposits, agreed deposits and time deposits with idle raised funds
Less: purchase of structured deposits with idle raised funds 24890000000
Plus: structural deposits purchased with idle raised funds are transferred back to 2489000000 upon maturity
Plus: due income from purchasing structured deposits with idle raised funds 145691188
Less: investment project expenditure of raised funds 40570373637
Including: 22888386667 invested in previous years
In 2021, 17681986970 yuan was invested
Plus: interest income of special account for raised funds 25702320
Less: 3522490 transferred out of balance
As of December 31, 2021, the balance of the special account for raised funds was 15824479
Note 1: 5239375 million yuan of products purchased by idle raised funds in the form of call deposits, agreed deposits, time deposits and other deposits has been transferred to the raised funds account.
Note 2: the transfer out of the balance is the bank interest that is not due when the account of Bank Of Ningbo Co.Ltd(002142) Jiangyin sub branch with account number 780401220003131181 is closed.
2、 Deposit and management of raised funds
1. Storage of raised funds in special accounts of each bank
In order to strengthen the management of raised funds, standardize the use of raised funds and effectively protect the interests of investors, according to the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, the stock listing rules of Shenzhen Stock Exchange The company has formulated the Elite Color Environmental Resources Science&Technology Co.Ltd(002998) raised funds management system (hereinafter referred to as the "raised funds management system") in accordance with the relevant provisions of laws, regulations and normative documents such as 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 in combination with the actual situation of the company.
2. Signing of tripartite supervision agreement on raised funds
According to the company's management system for raised funds and in combination with the company's business needs, the company opened special accounts for raised funds in Bank Of Jiangsu Co.Ltd(600919) Jiangyin science and technology sub branch, Bank Of Ningbo Co.Ltd(002142) Jiangyin sub branch, and signed the tripartite supervision agreement for the storage of special accounts for raised funds with China Industrial Securities Co.Ltd(601377) , Bank Of Jiangsu Co.Ltd(600919) Jiangyin science and technology sub branch and Bank Of Ningbo Co.Ltd(002142) Jiangyin sub branch on October 9, 2020, Strict examination and approval procedures shall be implemented for the use of raised funds to ensure that the special funds are used for special purposes. Since the signing of the tripartite supervision agreement, the relevant systems for the management of raised funds have been effectively implemented, and the management of raised funds is in good condition.
3. Storage of raised funds in special account
As of December 31, 2021, the storage of the company's special account for raised funds is as follows:
Unit: RMB
Bank name account number initial deposit amount deadline balance storage method
Bank Of Jiangsu Co.Ltd(600919) 291301880 Anhui Guofeng Plastic Industry Co.Ltd(000859) 6824659220615 724.86 current method Jiangyin science and technology sub branch
Bank Of Ningbo Co.Ltd(002142) 7804012200035861493184412315751993 current method Jiangyin sub branch
Bank Of Ningbo Co.Ltd(002142) 78040122000313118115044701262 - Jiangyin sub branch cancelled
Total 44635766 Shijiazhuang Changshan Beiming Technology Co.Ltd(000158) 24479
3、 Actual use of raised funds
1. Actual use of raised funds
In 2021, the company actually used 17681986970 yuan of raised funds for raised investment projects. See the attached table comparison table of raised funds for details.
2. Advance investment and replacement of raised investment projects
On October 15, 2020, the company held the 14th meeting of the second board of directors and the 12th meeting of the second board of supervisors, deliberated and approved the proposal on using the raised funds to replace the self owned funds that have paid the issuance expenses, and agreed to use the raised funds to replace the self owned funds that have paid the issuance expenses of RMB 385903509 (excluding tax) as of October 15, 2020, Dahua Certified Public Accountants (special general partnership) conducted a special audit and issued dahuhe Zi [2020] No. 007958 assurance report. The sponsor issued a special verification opinion on the replacement of the raised funds, which was clearly agreed by the independent directors of the company.
The company held the 15th meeting of the second board of directors and the 13th meeting of the second board of supervisors on October 22, 2020, deliberated and passed the proposal on using bank acceptance bills and letters of credit to pay the funds of raised investment projects and replace them with the raised funds in the same amount, and agreed that during the implementation of raised investment projects, the company would pay the raised funds for investment projects through bank acceptance bills and letters of credit and replace them with the raised funds in the same amount. The recommendation institution has issued special verification opinions on this, and the independent directors of the company have clearly agreed to this.
3. Description of using some idle raised funds for cash management and purchasing financial products
On October 15, 2020, the company held the 14th meeting of the second board of directors and the 12th meeting of the second board of supervisors, which deliberated and approved the proposal on using some idle raised funds for cash management. The company plans to use the temporarily idle raised funds with a maximum amount of no more than 300 million yuan for cash management, which has high investment safety Highly liquid bank principal guaranteed financial products and structured deposit products. It can be accumulated and used within the quota of 300 million yuan (inclusive); Valid within 12 months from the date of deliberation and approval by the general meeting of shareholders of the company. The independent directors and the sponsor of the company all expressed their consent to the proposal. The company held the first extraordinary general meeting of shareholders in 2020 on November 2, 2020, which deliberated and approved the matter.
On November 10, 2020, the company held the 16th meeting of the second board of directors and the 14th meeting of the second board of supervisors, deliberated and adopted the proposal on using some idle self owned funds for cash management, used idle self owned funds with a limit of no more than 40 million yuan for cash management, and purchased investment products with high safety, good liquidity and a term of no more than 12 months issued by financial institutions. Within the limit of 40 million yuan, the fund can be recycled, and the term is valid within 12 months from the date of adoption by the board of directors of the company.
As of December 31, 2021, the company has used idle raised funds to purchase financial products totaling 80138752678 yuan in 2021. When the financial products are due, the cumulative return to the raised funds account is 77283752678 yuan, and the cumulative income of financial products is 265382210 yuan.
4. Temporary replenishment of working capital with idle raised funds
In 2021, the company did not temporarily supplement working capital with idle raised funds.
5. Utilization of surplus raised funds
The investment project of the company's raised funds has not been completed, and there is no surplus raised funds.
6. Use of over raised funds
The company has no over raised funds.
7. Purpose and destination of unused raised funds
The unused raised funds of the company will be used according to the planned investment progress of the raised investment project and stored in a special account in accordance with the requirements of the tripartite supervision agreement on raised funds.
8. Other information about the use of raised funds
In 2021, except for the above disclosed information, the company had no other use of the raised funds.
4、 Change the use of funds for investment projects with raised funds
The company does not change the raised investment project or transfer or replace the raised investment project.
5、 Problems in the use and disclosure of raised funds
The company does not disclose the use of raised funds in a timely, true, accurate and complete manner, and there are no violations in the management of raised funds.
6、 Assurance opinions of Accountants on the special report on the storage and use of raised funds
Dahua Certified Public Accountants (special general partnership) conducted a special audit on the special report on the deposit and use of raised funds in 2021 prepared by the board of directors of the company, and issued Dahua He Zi [2022] No. 004868 verification report on the deposit and use of Elite Color Environmental Resources Science&Technology Co.Ltd(002998) raised funds. According to the accountant: Elite Color Environmental Resources Science&Technology Co.Ltd(002998) company's special report on raising funds is in accordance with 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) of China Securities Regulatory Commission in all major aspects The self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board issued by Shenzhen Stock Exchange and the preparation of relevant format guidelines fairly reflect Elite Color Environmental Resources Science&Technology Co.Ltd(002998) company 2021 in all major aspects
