Zheshang Securities Co.Ltd(601878)
About Hainan Jinpan Smart Technology Co.Ltd(688676)
The special verification report on the deposit and actual use of the raised funds in 2021 Zheshang Securities Co.Ltd(601878) (hereinafter referred to as " Zheshang Securities Co.Ltd(601878) " or "recommendation institution") serves as the recommendation institution for the initial public offering of shares and listing on the science and Innovation Board of Hainan Jinpan Smart Technology Co.Ltd(688676) (hereinafter referred to as " Hainan Jinpan Smart Technology Co.Ltd(688676) " or "the company") in accordance with the administrative measures for the recommendation business of securities issuance and listing Laws and regulations such as the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange (revised in December 2020), the measures for the administration of funds raised by listed companies of Shanghai Stock Exchange, the regulatory guidelines for listed companies No. 2 - regulatory requirements for the management and use of funds raised by listed companies (revised in 2022), and the self regulatory guidelines for listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation, The deposit and actual use of the raised funds in Hainan Jinpan Smart Technology Co.Ltd(688676) 2021 are verified as follows:
1、 Basic information of raised funds
(I) actual amount of raised funds and time of fund arrival
According to the reply on Approving the registration of Hainan Jinpan Smart Technology Co.Ltd(688676) initial public offering (zjxk [2021] No. 94) issued by the China Securities Regulatory Commission, the company issued 42570000 RMB ordinary shares (A shares) to the public for the first time, the issue price was 10.10 yuan per share, the total amount of raised funds was 42995700000 yuan, after deducting 7957707548 yuan of issuance expenses (excluding value-added tax), The net amount of funds actually raised was 35037992452 yuan. The above raised funds have been remitted to the company's raised funds supervision account on March 4, 2021. The availability of the above raised funds has been verified by Zhonghui Certified Public Accountants (special general partnership) and a capital verification report has been issued.
(II) use and balance of raised amount
The details of the company's use of raised funds and balances in this year are as follows:
Unit: Yuan
Project amount
Total raised funds 42995700000
Less: issuing expenses 7957707548
Net proceeds 35037992452
Less: fund raising investment project expenditure 2664614154
Less: 125550000000 cash management investment from temporarily idle raised funds
Less: temporary supplementary working capital 9531514732
Less: service fee expense 268634
Plus: income from cash management of temporarily idle raised funds 350385701
Plus: recovered cash management investment principal 103250000000
Plus: interest income of special account for raised funds 18926496
The balance of funds to be raised is 910907129
Actual balance of raised funds 914209010
The outstanding issuance expenses included in the actual balance raised funds are 3301881
Difference-
2、 Management of raised funds
(I) management of raised funds
In order to standardize the management and use of raised funds, improve the efficiency and efficiency of fund use, and protect the interests of investors, the company, in accordance with the company law, the securities law and 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) The company has formulated the measures for the administration of Hainan Jinpan Smart Technology Co.Ltd(688676) raised funds (hereinafter referred to as the "administrative measures") in accordance with the provisions of relevant laws, regulations and normative documents such as the Listing Rules of Shanghai Stock Exchange on the science and Innovation Board (revised in December 2020) and the self regulatory guidelines for listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation. According to the management measures, the company adopts a special account storage system for the raised funds, establishes a special account for the raised funds in the bank, and together with the sponsor Zheshang Securities Co.Ltd(601878) signed a tripartite supervision agreement on the storage of the special account for the raised funds with Bank Of Communications Co.Ltd(601328) Hainan Branch, clarifying the rights and obligations of all parties. There is no significant difference between the tripartite supervision agreement and the model tripartite supervision agreement of Shanghai Stock Exchange. The company has strictly followed and performed the raised funds in order to facilitate the management and use of the raised funds and supervise their use, so as to ensure that the special funds are used for special purposes.
(II) special account storage of raised funds
As of December 31, 2021, the company has three special accounts for raised funds, and the storage of raised funds is as follows: unit: yuan
As of 2021
Deposit bank account number account type deposit remarks on December 31
Reserve balance (Note 2)
Bank Of Communications Co.Ltd(601328) Hainan Branch 46189999101 Jiangxi Tianli Technology Inc(300399) 767 special account for raised funds 478660792-
Bank Of Communications Co.Ltd(601328) Hainan Branch 46189999101 Cubic Digital Technology Co.Ltd(300344) 680 special account for raised funds 290200808-
Bank Of Communications Co.Ltd(601328) Hainan Branch 46189999101 Cubic Digital Technology Co.Ltd(300344) 4431 special account for raised funds 145347410-
Total -- 914209010
Note: as of December 31, 2021, the amount of cash management products purchased by the company with temporarily idle raised funds is RMB 22300000000.
3、 Actual use of raised funds this year
(I) use of funds for projects invested with raised funds
See Appendix 1 of this report for the comparison table of the company's use of raised funds in 2021.
(II) early investment and replacement of raised investment projects
The company held the 10th meeting of the second board of directors and the 7th Meeting of the second board of supervisors on April 17, 2021, deliberated and approved the proposal on replacing the self raised funds with the raised funds with the paid issuance expenses, and agreed to use the self raised funds with the raised funds to replace the paid issuance expenses of RMB 6064800.
(III) cash management of temporarily idle raised funds
On April 17, 2021, the company held the 10th meeting of the second board of directors and the 7th Meeting of the second board of supervisors, deliberated and approved the proposal on using some temporarily idle raised funds for cash management, and agreed that the company would not affect the progress of investment projects with raised funds, the normal production and operation of the company and ensure the safety of funds, The temporarily idle raised funds with a limit of no more than 350 million yuan shall be used for cash management for the purchase of investment products with high safety, good liquidity and meeting the principal guaranteed requirements (including but not limited to principal guaranteed financial products, structured deposits, call deposits, time deposits, large certificates of deposit, agreed deposits, etc.), and the service life shall not exceed 12 months. Within the above limit and service life, Funds can be recycled and used on a rolling basis. As of December 31, 2021, the company has used temporarily idle raised funds to purchase cash management products, and the amount that has not yet expired is 223 million yuan. The company's cash management of idle raised funds is shown in the following table:
Unit: Yuan
Financial institution name product name amount value date maturity date redeemed
Bank of communications Haikou Nanhai sub branch 2699212673 structured deposit for 10 days 265000 China Vanke Co.Ltd(000002) 021-4-262021-5-6 yes
Bank of communications Haikou Nanhai sub branch 2699212833 structural deposit 8 days 20000 China Vanke Co.Ltd(000002) 021-5-6 2021-5-14 yes
Bank of communications Haikou Nanhai sub branch 2699212835 structural deposit 21 days 20000 China Vanke Co.Ltd(000002) 021-5-6 2021-5-27 yes
Bank of communications Haikou Nanhai sub branch 2699212837 structural deposit 35 days 20000 China Vanke Co.Ltd(000002) 021-5-6 2021-6-10 yes
Bank of communications Haikou Nanhai sub branch 2699212838 structural deposit 63 days 20000 China Vanke Co.Ltd(000002) 021-5-6 2021-7-8 yes
Bank of communications Haikou Nanhai sub branch 2699213004 structured deposit for 14 days 265000 China Vanke Co.Ltd(000002) 021-5-102021-5-24 yes
Bank of communications Haikou Nanhai sub branch 2699213414 structural deposit 92 days 50000 China Vanke Co.Ltd(000002) 021-5-272021-8-27 yes
Bank of communications Haikou Nanhai sub branch 2699213421 structural deposit 183 days 50000 China Vanke Co.Ltd(000002) 021-5-27202111-26 yes
Bank of communications Haikou Nanhai sub branch 2699213422 structured deposit 274 days 50000 China Vanke Co.Ltd(000002) 021-5-272022-2-25 no
Bank of communications Haikou Nanhai sub branch 2699213433 structured deposit 32 days 50000 China Vanke Co.Ltd(000002) 021-5-272021-6-28 yes
Financial institution name product name amount value date maturity date redeemed
Bank of communications Haikou Nanhai sub branch 2699213474 structured deposit 15 days 5000 China Vanke Co.Ltd(000002) 021-5-312021-6-15 yes
Bank of communications Haikou Nanhai sub branch 2699213475 structured deposit 21 days 5000 China Vanke Co.Ltd(000002) 021-5-31
