Securities code: Hainan Jinpan Smart Technology Co.Ltd(688676) securities abbreviation: Hainan Jinpan Smart Technology Co.Ltd(688676) Announcement No.: 2022025 Hainan Jinpan Smart Technology Co.Ltd(688676)
Announcement on the company's use of some idle raised funds to temporarily supplement working capital
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 the announcement, and bear legal responsibility for the authenticity, accuracy and integrity of the contents according to law. Important content tips:
Hainan Jinpan Smart Technology Co.Ltd(688676) (hereinafter referred to as " Hainan Jinpan Smart Technology Co.Ltd(688676) " and "the company") held the 21st Meeting of the second board of directors and the 16th meeting of the second board of supervisors on April 15, 2022, deliberated and approved the proposal on the company's use of some idle raised funds to temporarily supplement working capital, and agreed that the company would ensure that the progress of the investment projects with raised funds would not be affected On the premise of not affecting the normal production and operation of the company and ensuring the safety of funds, the idle raised funds with an amount of no more than RMB 100 million are proposed to be used to supplement the working capital temporarily, and the service life shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company. The company's independent directors, the board of supervisors and the recommendation institution Zheshang Securities Co.Ltd(601878) (hereinafter referred to as the "recommendation institution") have expressed clear consent to the above matters. 1、 Basic information of raised funds
According to the reply on Approving the registration of Hainan Jinpan Smart Technology Co.Ltd(688676) initial public offering of shares (zjxk [2021] No. 94) issued by China Securities Regulatory Commission, Hainan Jinpan Smart Technology Co.Ltd(688676) issued 42570000 RMB ordinary shares (A shares) to the public for the first time, with the issue price of 10.10 yuan per share, the total amount of raised funds of 42995700000 yuan, after deducting the issuance expenses (excluding value-added tax) of 7957707548 yuan, The net amount of funds actually raised was 35037992452 yuan. The availability of the above raised funds has been verified by Zhonghui Certified Public Accountants (special general partnership) and issued the capital verification report (zhhyy [2021] No. 0625).
In order to standardize the use and management of the raised funds, according to the measures for the administration of the raised funds of listed companies of Shanghai Stock Exchange and the provisions of relevant laws and regulations, the company has carried out special account storage and management of the raised funds after the raised funds are received, The company and its subsidiary Wuhan Jinpan Intelligent Technology Co., Ltd. have signed the tripartite supervision agreement on the storage of raised funds with the recommendation institution Zheshang Securities Co.Ltd(601878) and the commercial bank with a special account for the storage of raised funds. For details, see the company's website at Shanghai Stock Exchange (www.sse. Com. Cn.) The announcement on the listing of Hainan Jinpan Smart Technology Co.Ltd(688676) initial public offering of shares on the science and Innovation Board disclosed. 2、 Investment projects with raised funds
According to the purpose of the raised funds disclosed in the prospectus of Hainan Jinpan Smart Technology Co.Ltd(688676) initial public offering and listing on the science and Innovation Board of the company and the resolutions of the 10th meeting of the second board of directors and the 13th meeting of the second board of directors, the net funds raised from the initial public offering of the company will be used for the following items:
Unit: RMB / 10000 yuan
After adjustment, the number of raised capital to be invested, project name and project investment amount
Gold amount
Energy saving and environmental protection intelligent power transmission and distribution equipment
139672552061187 manufacturing items
2 R & D office center construction project 14426121442612
Total 54098673503799
The net amount of funds actually raised by the company in this offering is lower than the total investment of the above-mentioned projects, and the insufficient part will be solved by self raised funds.
As of March 31, 2022, the company has invested 863362 million yuan in the above-mentioned raised investment projects, with a utilization ratio of 24.64%, and the project construction is progressing normally; The balance of the company's fund-raising account is RMB 75037900 (excluding the balance of cash management products purchased and temporary supplementary working capital). 3、 Temporary replenishment of working capital with some idle raised funds in the previous use
On the premise that the proposal on the temporary use of the idle funds raised by the company (including the amount of RMB 10000) for the second meeting of the board of directors is approved on April 2021 to ensure the safe use of the idle funds raised by the company, the second meeting of the board of directors will not be held on April 2021 Daily operation and other production and operation activities related to the main business shall be valid within 12 months from the date of deliberation and approval at the 11th meeting of the second board of directors of the company. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 23, 2021 The announcement of Hainan Jinpan Smart Technology Co.Ltd(688676) on temporarily replenishing working capital with some idle raised funds (Announcement No.: 2021014) disclosed.
According to the above resolution, the company actually used 9531514732 yuan of idle raised funds to temporarily supplement working capital within the specified period, and made reasonable arrangements and use of the funds, which did not affect the normal progress of the investment plan of the raised funds, and the use of the funds was good. On April 11, 2022, the company has returned all the raised funds of RMB 9531514732 temporarily replenishing working capital to the special account for raised funds in advance. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 12, 2022 The announcement of Hainan Jinpan Smart Technology Co.Ltd(688676) on returning idle raised funds temporarily replenishing working capital (Announcement No.: 2022020) disclosed. 4、 Temporary replenishment of working capital with some idle raised funds this time
In order to improve the use efficiency of raised funds and reduce the financial cost of the company, the company will temporarily supplement the working capital with idle raised funds with an amount of no more than RMB 100 million according to the fund use plan and the construction progress of the project invested by raised funds, on the premise of ensuring that the progress of the project invested by raised funds, the normal production and operation of the company and the safety of funds are not affected, The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company.
The company will return it to the special account for raised funds at any time according to the progress and demand of the raised investment project.
The use of some idle raised funds to temporarily supplement the working capital is only used for the company's business development, daily operation and other production and operation activities related to the main business, and shall not be used for the placement and purchase of new shares, or for the trading of stocks and their derivatives, convertible corporate bonds and other transactions through direct or indirect arrangements. There is no change or disguised change in the use purpose of the raised funds, It will not affect the normal progress of the investment plan of raised funds. 5、 Relevant decision-making procedures to be performed
On April 15, 2022, the 21st Meeting of the second board of directors and the 16th meeting of the second board of supervisors considered and approved the proposal on the company's use of some idle raised funds to temporarily supplement working capital, and agreed that the company would not affect the progress of the investment projects of the raised funds, the normal production and operation of the company and ensure the safety of funds, If the idle fund raised by the company is not used for more than RMB 10000 months after the board of directors deliberates on it, it shall not be used for more than 12 months. The independent directors of the company have expressed their explicit consent to the above matters. The review procedures comply with the requirements of the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, and the guidelines for the self-discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation. 6、 Special opinions (I) opinions of independent directors
The independent directors of the company believe that on the premise of ensuring that the progress of the investment projects invested by the raised funds, the normal production and operation of the company and the safety of funds are not affected, the company plans to use the idle raised funds with an amount of no more than RMB 100 million to temporarily supplement the working capital, which can improve the use efficiency of funds and reduce the financial cost of the company, which is in line with the interests of the company and all shareholders, There is no change in the purpose of the raised funds and damage to the interests of the shareholders of the company. The voting procedures are legal and comply with the provisions of relevant laws, regulations and the articles of association. We agree to the proposal on the company's use of some idle raised funds to temporarily supplement working capital. (II) opinions of the board of supervisors
The board of supervisors believes that the company's use of some idle raised funds to supplement working capital temporarily complies with the provisions of the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds by listed companies, the Listing Rules of Shanghai Stock Exchange Kechuang board, the guidelines for the self-discipline supervision of listed companies on Shanghai Stock Exchange Kechuang board No. 1 - standardized operation, and the company's management system for raised funds, It will not affect the normal implementation of the investment projects with raised funds, and there is no situation of changing the investment direction of raised funds in a disguised manner and damaging the interests of shareholders of the company, especially the interests of small and medium-sized shareholders. It is in line with the needs of the development interests of the company and is conducive to improving the use efficiency of raised funds. It is agreed that the company will temporarily supplement working capital with idle raised funds of no more than RMB 100 million (including this amount), The service life shall not exceed 12 months from the date of deliberation and approval by the board of directors of the company. (III) verification opinions of the recommendation institution
After verification, the sponsor believes that: Hainan Jinpan Smart Technology Co.Ltd(688676) the use of some idle raised funds to temporarily supplement working capital has been deliberated and approved by the board of directors and the board of supervisors of the company, the independent directors have expressed their explicit consent, fulfilled the necessary internal approval procedures, and met the guidelines for the supervision of listed companies No. 2 - regulatory requirements for the management and use of raised funds of listed companies Regulations such as the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange, the self regulatory guidelines for companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation, etc Hainan Jinpan Smart Technology Co.Ltd(688676) using part of the idle raised funds to supplement the working capital temporarily can improve the use efficiency of the raised funds, and there is no change, which is in line with the interests of the company and all shareholders.
In conclusion, the recommendation institution has no objection to Hainan Jinpan Smart Technology Co.Ltd(688676) this use of some idle raised funds to temporarily supplement working capital.
It is hereby announced.
Hainan Jinpan Smart Technology Co.Ltd(688676) board of directors April 16, 2022
