Securities code: Suzhou Veichi Electric Co.Ltd(688698) securities abbreviation: Suzhou Veichi Electric Co.Ltd(688698) Announcement No.: 2022016 Suzhou Veichi Electric Co.Ltd(688698)
Special report on the deposit and actual 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.
1、 Basic information of raised funds
(I) the actual amount of funds raised and the arrival time of funds after deducting the issuance expenses
According to the reply on Approving the registration of Suzhou Veichi Electric Co.Ltd(688698) initial public offering (zjxk [2020] No. 3215) issued by China Securities Regulatory Commission on December 1, 2020, the company was approved to publicly issue 45000000 ordinary shares in RMB, with a par value of RMB 1.00 per share, an issue price of RMB 10.75 per share and a total raised capital of RMB 483.75 million; After deducting the underwriting and recommendation fees, issuance registration fees and other transaction expenses totaling 654439 million yuan (excluding the amount of value-added tax), the net amount of raised funds was 4183061 million yuan. All the above funds were in place on December 24, 2020, verified by Daxin Certified Public Accountants (special general partner) and issued the capital verification report (daxinyz [2020] No. 500032) on December 25, 2020.
(II) amount used in previous years, amount used in current year and current balance
As of December 31, 2021, the company’s use of raised funds and current balance are as follows:
Project amount (yuan)
The balance of raised funds on December 31, 2020 was 44225107825
Less: net amount of investment income of wealth management products and interest on bank deposits minus bank charges received in 2020 -101.00
Less: issuance fee paid or replaced in the current period 2394507688
Net proceeds 41830610237
Plus: the net amount of investment income of wealth management products and bank deposit interest minus bank handling charges received is 398685656
Less: amount invested in raised investment projects in previous years, replacement of previously invested raised investment projects and use of over raised funds-
Less: 16302345612 yuan invested in raised investment projects, replacement of previously invested raised investment projects and use of over raised funds in this year
As of December 31, 2021, the balance of raised funds (including interest) was 25926950281
Including: temporary use of idle raised funds for cash management (purchase of bank financial products, certificate of deposit, notice deposit) 25100000000
The balance of the special account for raised funds is 826950281
2、 Management of raised funds
(I) management system of raised funds
In order to standardize the management and use of raised funds and protect the rights and interests of investors, the company has formulated the Suzhou Veichi Electric Co.Ltd(688698) raised funds management system (hereinafter referred to as the “management system”) in accordance with the relevant provisions of the CSRC’s guidelines for the supervision of listed companies No. 2 – regulatory requirements for the management and use of raised funds of listed companies and in combination with the actual situation of the company, The management system was deliberated and adopted at the sixth meeting of the first board of directors of the company on March 23, 2020. Meanwhile, the company and the sponsor Guotai Junan Securities Co.Ltd(601211) , China Construction Bank Corporation(601939) Suzhou Wuzhong sub branch, Shanghai Pudong Development Bank Co.Ltd(600000) Suzhou Canglang sub branch, China Construction Bank Corporation(601939) Shenzhen Nanshan Science and technology sub branch jointly signed the tripartite supervision agreement on the storage of raised funds on December 24, 2020. There is no significant difference between the agreement and the tripartite supervision agreement on the storage of raised funds (model), and the use of raised funds is strictly approved, To ensure that the special fund is used for special purpose.
On January 26, 2021, the company has transferred the total amount of RMB 100 million corresponding to the “supplementary working capital” raised and invested project from the special account of raised funds to the general settlement account of the company to supplement the working capital of the company. On January 27, 2021, the special account for raised funds opened in China Construction Bank Corporation(601939) Shenzhen Nanshan Science and technology sub branch (the bank account is “44250100019 Ping An Bank Co.Ltd(000001) 377″) was cancelled according to law; After the cancellation of the above special account for raised funds, the tripartite supervision agreement on the storage of special account for raised funds signed by the company and the sponsor Guotai Junan Securities Co.Ltd(601211) , China Construction Bank Corporation(601939) Shenzhen Nanshan Science and technology sub branch will become invalid. On January 29, 2021, the company held the 13th meeting of the first board of directors and the 7th Meeting of the first board of supervisors, deliberated and approved the proposal on changing part of the special account for raised funds, agreed to change part of the special account for raised funds, and cancelled the special account for raised funds established in China Construction Bank Corporation(601939) Suzhou Guoxiang sub branch according to law (the bank account is “322501997594 China High-Speed Railway Technology Co.Ltd(000008) 14″), And set up a new special account for raising funds in Bank Of China Limited(601988) Suzhou Wuzhong sub branch. On February 2, 2021, the company established a new special account for raised funds in Bank Of China Limited(601988) Suzhou Wuzhong sub branch according to law (the bank account is “487175724294”), and signed the tripartite supervision agreement for the special account for raised funds with the sponsor Guotai Junan Securities Co.Ltd(601211) , Bank Of China Limited(601988) Suzhou Wuzhong sub branch, which is not significantly different from the tripartite supervision agreement for the storage of the special account for raised funds (model), Strictly examine and approve the use of the raised funds to ensure that the special funds are used for special purposes; The original special account for raised funds (the bank account is “322501997594 China High-Speed Railway Technology Co.Ltd(000008) 14″) has been cancelled according to law on February 4, 2021. The original tripartite supervision agreement for raised funds shall become invalid from the date of cancellation, and the principal and interest of the original raised funds account have been transferred to the special account for newly raised funds.
As of December 31, 2021, the company has deposited and used the raised funds in accordance with the provisions of the tripartite supervision agreement.
(II) storage of raised funds in special account
As of December 31, 2021, the deposit of raised funds is shown in the following table:
Bank account number of deposit bank account purpose deposit balance (yuan) method
Bank Of China Limited(601988) 4871757242944 Suzhou technology R & D center construction project current 718697376 Suzhou Wuzhong sub branch deposit
Shanghai Pudong Development Bank Suzhou phase II frequency converter and servo system current
Deposit of 43342048 of Suzhou Canglang sub branch 89050078801800001306 automatic production base construction project of Co., Ltd
Shanghai Pudong Development Bank Co., Ltd
Co., Ltd. Suzhou Canglang sub branch 89050078801 Fujian Qingshan Paper Industry Co.Ltd(600103) 07 over raised funds 64910857 deposit
Total 826950281
3、 Actual use of raised funds this year
(I) use of raised funds
In 2021, the actual use of raised funds by the company is shown in Schedule 1 of this report.
(II) early investment and replacement of raised investment projects
In order to ensure the implementation progress of the raised investment projects, before the funds raised from the initial public offering of shares are in place, the company invested 7.7164 million yuan in the raised investment projects in advance with its own funds, and paid 115763 million yuan in advance with its own funds, totaling 192927 million yuan. On January 13, 2021, the 12th meeting of the first board of directors and the 6th meeting of the first board of supervisors deliberated and adopted the proposal on using raised funds to replace self raised funds invested in raised investment projects in advance and paid issuance expenses, and the independent directors expressed their consent, Daxin Certified Public Accountants (special general partnership) has issued the audit report on replacing self raised funds invested in raised investment projects in advance and paid issuance expenses with raised funds (Daxin zhuanshen Zi [2021] No. 500002) for the above matters. As of December 31, 2021, the company has completed the replacement of the above funds.
(III) temporary replenishment of working capital with idle raised funds
In 2021, the company did not use idle raised funds to temporarily supplement working capital.
(IV) cash management of idle raised funds and investment in related products
On January 13, 2021, the company held the 12th meeting of the first board of directors and the 6th meeting of the first board of supervisors, deliberated and approved the proposal on using some idle raised funds and self owned funds for cash management, and the independent directors expressed their consent and agreed that the company would not affect the construction of investment projects with raised funds, the use of raised funds and the normal business development of the company, Use some idle raised funds with a maximum amount of no more than 300 million yuan (including 300 million yuan) and some idle self owned funds with a maximum amount of no more than 200 million yuan (including 200 million yuan) for cash management, and invest in investment products with high security and good liquidity (including but not limited to agreement deposits, structured deposits, time deposits, call deposits, large certificates of deposit, etc.). Within the above limits, the funds can be used on a rolling basis for a period of 12 months from the date of deliberation and approval by the board of directors.
As of December 31, 2021, the company used idle raised funds for cash management, and the amount not yet due was RMB 251 million, as follows:
Bank product name product type amount (yuan) purchase date maturity date
Bank Of China Limited(601988) Suzhou unit RMB three-year transferable certificate of deposit 10000 China Vanke Co.Ltd(000002) 021-2-4 2024-2-4 Wuzhong sub branch cd20-6
Bank Of China Limited(601988) Suzhou unit RMB three-year transferable certificate of deposit 10000 China Vanke Co.Ltd(000002) 021-2-4 2024-2-4 Wuzhong sub branch cd20-6
Bank Of China Limited(601988) Suzhou unit RMB three-year transferable certificate of deposit 10000 China Vanke Co.Ltd(000002) 021-2-4 2024-2-4 Wuzhong sub branch cd20-6
Bank Of China Limited(601988) Suzhou unit RMB three-year non transferable certificate of deposit 10000 China Vanke Co.Ltd(000002) 021-2-4 2024-2-4 Wuzhong sub branch cd20-11
Bank Of China Limited(601988) Suzhou unit RMB three-year transferable certificate of deposit 10000 China Vanke Co.Ltd(000002) 021-2-9 2024-2-9 Wuzhong sub branch cd20-6
Bank Of China Limited(601988) Suzhou unit RMB three-year non transferable certificate of deposit 10000 China Vanke Co.Ltd(000002) 021-2-9 2024-2-9 Wuzhong sub branch cd20-9
Shanghai Pudong Development Bank Co., Ltd. large deposit certificate large deposit certificate 20000 China Vanke Co.Ltd(000002) 021-2-9 2
