Securities code: Xi’An Manareco New Materials Co.Ltd(688550) securities abbreviation: Xi’An Manareco New Materials Co.Ltd(688550) Announcement No.: 2022016 Xi’An Manareco New Materials Co.Ltd(688550)
Special report on the deposit and use of raised funds in 2021
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
In accordance with the relevant 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 (revised in 2022) 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 (2022), the deposit and use of raised funds of Xi’An Manareco New Materials Co.Ltd(688550) (hereinafter referred to as “the company” or “the company”) in 2021 are described as follows:
1、 Basic information of raised funds
(I) actual amount of funds raised and time of funds in place
The company entrusted Haitong Securities Company Limited(600837) underwriting and publicly issued 17.55 million ordinary shares (A shares) to the public through the system of Shanghai Stock Exchange on August 20, 2020, which was deliberated and approved by the 40th meeting of the municipal Party Committee on the science and Innovation Board of Shanghai Stock Exchange and the reply on Approving the registration of Xi’An Manareco New Materials Co.Ltd(688550) initial public offering of shares (zjxk [2020] No. 1582) issued by China Securities Regulatory Commission, The par value of the shares is RMB 1.00 and the issue price is RMB 113.72 per share. As of August 26, 2020, the company had raised a total of 1995786000 yuan. After deducting 1517501 million yuan of issuance expenses, the net amount of funds raised was 1844035900 yuan.
The above raised funds have been verified by Lixin Certified Public Accountants (special general partnership) with capital verification report (xksbz [2020] No. za15366).
(II) amount used in previous years, amount used in current year and current balance.
1. Amount used in previous years
As of December 31, 2020, the company’s raised funds have invested 306805900 yuan in the projects invested with raised funds, and the unused amount is 1539375900 yuan (including 153722990 yuan of raised funds, and 2146000 yuan of accumulated interest stored in the special account after deducting the handling fee).
2. Amount used and current balance in the current year
In 2021, the use of the raised funds of the company is as follows:
(1) 4819456 million yuan was directly invested in the project with raised funds. As of December 31, 2021, the company has invested 7887515 million yuan of the raised funds directly into the raised projects.
(2) The company has no amount paid from the non raised funds account but has not been transferred out of the special raised funds account.
(3) In order to improve the use efficiency of raised funds, the company used some idle raised funds to purchase bank structured deposits. As of December 31, 2021, the principal of the outstanding structured deposits was RMB 45million. For details, see “III. actual use of raised funds this year (III) cash management of idle raised funds and investment in related products”.
To sum up, as of December 31, 2021, the accumulated investment of raised funds was 788751500 yuan, and the unused amount was 1104413400 yuan.
2、 Management of raised funds
(I) management of raised funds
In order to regulate the management and use of raised funds and protect the rights and interests of investors, the company, in accordance 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 (CSRC announcement [2012] No. 44) and the measures for the administration of raised funds by listed companies on Shanghai Stock Exchange (revised in 2013), combined with the actual situation of the company, The management system of Xi’An Manareco New Materials Co.Ltd(688550) raised funds (hereinafter referred to as the “management system”) has been formulated. The management system was deliberated and adopted at the seventh extraordinary general meeting of shareholders in 2016 on November 23, 2016. On September 11, 2020, Shanghai Stock Exchange issued the guidelines for the application of the self regulatory rules of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation (SZF [2020] No. 67). The company revised the management system in accordance with the provisions of the guidelines for the application of self regulatory rules for companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation (SZF [2020] No. 67) and in combination with the company’s situation. The revised management system was deliberated and approved by the third extraordinary general meeting of shareholders in 2021 on August 3, 2021.
According to the management system and in combination with the business needs, the company implemented a special account for the raised funds from August 2020, set up a special account for the use of the raised funds in the bank, and signed the tripartite supervision agreement on the storage of the raised funds with the deposit bank and the sponsor to strictly approve the use of the raised funds, so as to ensure the special use of the raised funds. As of December 31, 2021, the company has strictly implemented the tripartite supervision agreement on the storage of raised funds in the special account to store and use the raised funds. (II) storage of raised funds in special account
As of December 31, 2021, the specific deposit of raised funds (unit: RMB) is as follows:
Deposit bank account number account category balance
Bank Of Xi’An Co.Ltd(600928) West
Anwenfeng West Road sub branch 11301158 Shenzhen Properties & Resources Development (Group) Ltd(000011) 4788 special account for raised funds 36229531409
Bank Of Xi’An Co.Ltd(600928) West 11301158 Shenzhen Properties & Resources Development (Group) Ltd(000011) 11821 special account for raised funds 1160822561 anwenfeng West Road Sub Branch China China Construction Bank Corporation(601939) Co., Ltd
Xi’an hi tech Industrial Development Division 61050192090 Shenzhen Sed Industry Co.Ltd(000032) 89 special account for raised funds 4604424806 District sub branch
China Citic Bank Corporation Limited(601998) west special account for raising funds
81117010119005713794121634198 an Beijing Electronic Zone High-Tech Group Co.Ltd(600658) sub branch
Bank Of China Limited(601988) west special account for raising funds
1024887806483922133370 anhualu building sub branch
Bank Of Chongqing Co.Ltd(601963) west special account for raised funds
870102029 Jointo Energy Investment Co.Ltd.Hebei(000600) 5572250599359 an branch business department China Citic Bank Corporation Limited(601998) Shaanxi
West pilot Free Trade Zone Xi’an Fenghui road 8111701012700663079 special account for raised funds 2 Huangshan Novel Co.Ltd(002014) 896 sub branch
West pilot Free Trade Zone Xi’an Fenghui road 8111701013800663064 special account for raised funds 380978141 sub branch
China Citic Bank Corporation Limited(601998) west special account for raising funds
An Beijing Electronic Zone High-Tech Group Co.Ltd(600658) sub branch 8111701013700574524306179296
China China Construction Bank Corporation(601939) Co., Ltd
Xi’an hi tech Industrial Development Division 6105019209000003323 special account for raised funds 9866571 District sub branch
Bank Of Chongqing Co.Ltd(601963) West 870102029 Jointo Energy Investment Co.Ltd.Hebei(000600) 580 special account for raised funds 4951710 an Branch
Bank Of Xi’An Co.Ltd(600928) West 11301158 Shenzhen Properties & Resources Development (Group) Ltd(000011) 5203 special account for raised funds 801800 anwenfeng West Road sub branch
Total 65441338117
Among the above deposit balances, 491290 million yuan of interest income and cash management income have been included in the special account for raised funds (including 2.474 million yuan of interest income in 2020), 10900 yuan of handling fee has been deducted (including 1500 yuan of handling fee in 2020), and there is no amount of raised investment projects that have not been replaced from the special account for raised funds.
Since the main implementers of the raised investment project are Shaanxi Pucheng Haitai new material industry Co., Ltd. (hereinafter referred to as “Pucheng Haitai”) and Weinan Ruilian Pharmaceutical Co., Ltd. (hereinafter referred to as “Weinan pharmaceutical”), the company will gradually transfer the raised funds to the special accounts of Pucheng Haitai and Weinan pharmaceutical as planned after the funds in the special account are in place, so as to ensure the smooth implementation of the raised investment project. Among the above accounts, 6105019209000003323, 8111701013700574524, 870102029 Jointo Energy Investment Co.Ltd.Hebei(000600) 580 and 8111701013800663064 are Pucheng Haitai accounts; Account 11301158 Shenzhen Properties & Resources Development (Group) Ltd(000011) 5203 is the account of Weinan pharmaceutical.
3、 Actual use of raised funds this year
For the actual use of the raised funds in this year, see “Schedule 1: comparison table of the use of raised funds”. (I) early investment and replacement of raised investment projects
1. Replacement of early investment funds
On October 26, 2020, the 17th meeting of the second board of directors and the 5th meeting of the second board of supervisors deliberated and approved the proposal on using raised funds to replace self raised funds invested in raised projects and paying issuance expenses in advance, and agreed that the company would replace the self raised funds invested in raised projects with raised funds of 200999 million yuan and the issuance expenses paid with self raised funds with raised funds of 3.1152 million yuan.
As of August 25, 2020, the actual investment of self raised funds is 232151 million yuan. The specific application of the investment is as follows:
(1) Project investment
Unit: RMB
The raised funds promise the amount invested in advance with the investment amount of self raised funds as of August 25, 2020
OLED and other functional materials production project 3 China National Accord Medicines Corporation Ltd(000028) China National Accord Medicines Corporation Ltd(000028) 69700 Digital China Group Co.Ltd(000034) 6710000
High end LCD material production project 3100012 Fawer Automotive Parts Limited Company(000030) 377 Ping An Bank Co.Ltd(000001) 283997653
Commitment to raise funds by August 25, 2020
Project Name: total investment date of the project, with self raised funds
Amount invested in advance
Resource harmless treatment project 372140 Grandjoy Holdings Group Co.Ltd(000031) 1500 Shenzhen Nanshan Power Co.Ltd(000037) 2342963
Scientific research and testing center project 170000 Ping An Bank Co.Ltd(000001) 69630 Shenzhen Zhenye(Group)Co.Ltd(000006) 942000
Supplementary working capital 260000 China Vanke Co.Ltd(000002) Shanghai Pudong Development Bank Co.Ltd(600000) 0000-
Total 1077218 Ping An Bank Co.Ltd(000001) 051520 China Vanke Co.Ltd(000002) 009992616
(2) Pre paid issuance fees
The total issuance expenses of the company’s raised funds amounted to RMB 1517501 million. As of August 25, 2020, the underwriting and recommendation expenses (deducted from the raised funds in advance), audit and capital verification expenses, lawyer fees, information disclosure fees related to the issuance, issuance handling fees and other expenses paid with self raised funds before the raised funds were in place (excluding tax) are as follows:
Unit: RMB
